Replies to post #26787 on Xeriant Inc (XERI)

[quester614]

In 4.3.2 it states in accordance with the budget. The budget states that in June-$953448, July-1,256,261,and August-1,516,914, Sep-1.608,994, Oct-1,652,974, Nov-1,718,194, and Dec-1,798,060 were expected payments.
By the end of Sep XERI owed XTI $4,204,977. When did XERI actually go into DEFAULT??

Are shares owed for money paid while in DEFAULT???? NEED OUR legal EAGLE on this one?????

NEVER did make the full contribution.

Section 4.3.2 and the Budget, then Xeriant, at its sole discretion, may contribute to the JV any shortfall in the full Intended Contribution,

Total research and development expenses were $2,340,575 for the three months ended September 30, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793221008723/xeri_10q.htm

Total research and development expenses were $2,859,644 for the three months ended December 31, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222000865/xeri_10q.htm

[Smartypants2]

XERI had the OPTION of investing UP TO $10 MILLION. They were never in default to XTI. The JV still owns the TriFan IP -- and XERI controls the JV! XTI's debt to XERI didn't just disappear! Any assumption to that effect is absurd! Your ability to accurately interpret contract language is severely compromised.

In other words, YOU HAVE NO IDEA WHAT YOU'RE TALKING ABOUT!!!