Replies to post #24443 on Xeriant Inc (XERI)

[bluechipjohn]

Lowered expectations

[quester614]

I doubt if we hear any more about TMF. Duffy will find it hard to bring anybody else into this SCAM with XERI. They will be clearly on SEC radar from Auctus investigation. What has been GAINED from the extensions Duffy agreed to. This from "Keith Duffy has over thirty years of experience in investment banking, management, finance, strategic planning and operations, and has been a principal in a number of start-up companies." So the question becomes was he working with Auctus or that BAD of an investment banker????

If you are an officer or director of a corporation, you have fiduciary duties to the corporation and to the shareholders (including to minority shareholders).
https://www.rpepperlaw.com/fiduciary-duties-of-corporate-officers-and-directors-utmost-good.html#:~:text=are%20a%20fiduciary.-,If%20you%20are%20an%20officer%20or%20director%20of%20a%20corporation,(including%20to%20minority%20shareholders).

WHAT WAS GAINED
What became of XTI JV?? Worthless until it closes (if it ever does) and XERI are awarded stock. What was GAINED from the millions in R&D money they got???

What became of MovyChem JV??? Worthless at this point in time since NO product can be made with it. What was gained from the hundreds of thousands in R&D money they got???

While Duffy and his partners made money the retail investor has LOST THEIR ASS.

TIC toc

[Smartypants2]

If it was easy to develop an "industrial scale" production method for NexBoards, Movychem probably would have figured it out a while ago. Apparently the technique they were using in Eastern Europe was fine for creating a limited number of test samples, but not for cost-effectively producing them in the quality and/or quantity necessary to meet projected market demand.