Why did Duffy opt for a lawsuit instead of Mediation/Arbitration??? Once started it would be completed. Much more control of what is disclosed in a lawsuit. I said the back and forth references muddle the understanding of the JV. I'm here waiting for the lawsuit to settle like everybody else. If it settles that will answer lots of questions. If it's dismissed we may only know the truth if XERI ever received anything. If it's not court ordered I expect they won't. Does anybody know what the conversion rate is used or when this conversion date of the R&D money was established??? Surely this would have happened by June 4 2022
The Agreement was effective on June 4, 2021, with an initial deposit of $1 million into the JV. Xeriant’ financial commitment is $10 million, contributed over a period of less than one year, as required an aircraft development timeline and budget. https://www.sec.gov/Archives/edgar/data/1481504/000147793221003919/xeri_8k.htm
Do you understand that a 1:100 reverse would cut (divide) the total overall share count by 100, yet would concurrently increase each and every share price by a factor of 100. Same basis. Same valuation. If the stock then tanks, as it did, that is another matter. Per the JV Agreement, Xeriant would have had to be provided the XTI Aircraft share prior to enactment if the merger and reverse split.
News 
Market Data 
Discover 
