Why would the fact that the PDR was completed, thanks to $5.4 million in funding from XERI, mean that XERI would NOT receive any equity in exchange for its investment? That makes no sense at all! However, it would make sense that XERI (as a form of collateral) maintain control over the transfer of the TriFan IP until such time as XERI received it's agreed upon equity in XTI /XTIA. And that's not including any ADDITIONAL compensation XERI would be due for helping orchestrate the merger of XTI and INPX.
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