InvestorsHub Logo

Smartypants2

03/02/24 9:48 AM

#31086 RE: meitze #31083

I've gotta believe we'll be hearing a lot of good news from XERI once the NexBoard certification process is complete, which (according to their 10Q) should be before the end of March. (That's not to say they wouldn't update us prior to that on the start of pilot production and/or the certification process.)

As for the XTI lawsuit, I believe XTI has until 3/13 to respond to XERI's Second Amended Complaint. Fortunately, the complaint is being adjudicated within the jurisdiction of the Federal Court in the Southern District of NY, which should put it on a faster track than if it were filed in NY State court. In addition, XTI is probably under pressure to get this settled, as they obviously can't afford to lose $500 million -- and INPX's ever-declining, pre-merger share price appears to reflect the market's concern over the looming threat posed by the lawsuit.