Replies to post #31703 on Xeriant Inc (XERI)

[StockItOut]

"the financing arrangement with Xeriant through the Joint Venture
is liability classified since the obligation must be settle by issuing a variable number of the Company’s equity shares."

dumb f**k


As to JV Agreement clause: "Furthermore, the Company considered ASC 815, Derivatives and Hedging, and determined the obligation should be recorded at fair value and marked to market periodically."
You're off base on your understanding. Try again. Or again just go at it exactly like SmartyPants2 and just make it up.

[StockItOut]

And why will Xeriant get "a small cash reward" as "around $300,000" for the approximately $5.4 Million it provided to XTI Aircraft through Eco Aero, LLC?

XERI might get a small cash award. Didn't Killa say way back XERI might be around $300,000