Replies to post #30703 on Xeriant Inc (XERI)

[quester614]

This seems to answer the question about converting the warrants!! Also clears up the question about if XERI was in DEFAULT to Auctus

Auctus may elect to convert the Note into shares of our Common Stock, or seek a judgment against the Company for amounts due under the Note, as amended. In that event, our shareholders could experience substantial dilution, or the Company could lose substantially all of its assets.

The increase of $111,609 was primarily due to recording the Auctus default interest in the current period.
https://ih.advfn.com/stock-market/USOTC/xeriant-qb-XERI/stock-news/93279156/form-10-q-quarterly-report-sections-13-or-15d#I2

[StockItOut]

100% that Auctus does not convert.

https://alphabetastock.com/sec-files-charges-against-auctus-fund-management-and-co-owners-for-operating-as-unregistered-securities-dealers/299783/

https://www.law360.co.uk/articles/1683800/boston-fund-s-debt-to-stock-plays-broke-rules-sec-says