That's right. Heart stopped is the Xeriant default. Dead is Xeriant if/when Auctus collects. As result of the first condition.
"There's a big difference between a borrower being technically considered in default and actually being DECLARED in default via a formal notice / judgement. (It's like the difference between having your heart stopped by doctors for a few seconds during cardiac surgery and actually being declared dead.)"
A worthy idea, Xeriant's likely return on its XTI investment.
"XERI has repeatedly informed us that they have been in continuing and active negotiations with Auctus regarding the loan -- which was primarily used to fund XTI's development of the TriFan 600. In the interim, "pre-sales" of the TriFan exceeded $7 BILLION. In effect, those pre-sales are a form of collateral that demonstrate XERI is looking at a handsome return on its investment in XTI."
Oh, ok. So now, Auctus would send a notice of default even though they are in negotiations with Xeriant?
It's like one idea is making up the mind of the other idea doing the same to another or the same idea. Ya get one big Fukd up idea.
"If Auctus was really concerned about XERI defaulting on the loan, they would have sent XERI a notice of default and XERI would have had to inform the public of such a notice in its SEC filing(s)."
.
News 
Market Data 
Discover 
