Replies to post #23989 on Xeriant Inc (XERI)

[Smartypants2]

WRONG! Why should XERI have paid $2 million when Movychem couldn't meet their JV obligations? They would be sued by their investors!!

[Smartypants2]

LMAO!!! That is a total misreading of the text! The sentence that starts out with: "Assuming that Movychem has fulfilled its obligations..." doesn't mean that XERI is assuming Movychem is in compliance! It is actually saying "IF Movychem fulfills its obligations, the JV Agreement will grant Movychem the right to...." IN OTHER WORDS, THE OPPOSITE IS EQUALLY TRUE: ie, "if Movychem DOESN'T fulfill its obligations, Movychem doesn't get jacksh*t!"