Xeriant Inc (QB) (XERI) News

The Auctus $$$ was NEVER, EVER supposed to be for the XTI merger! You're the only one who claims that! XERI got $4.7 million net after Auctus and Maxim received their fees and paid XTI $5.4 over 12 months. XERI raised additional $$$ from F&F investors to make the first few monthly payments before the loan was consummated. Your conspiracy theory is as full of sh#t as you are!

MORE OF YOUR LAME BULLSHIT. So then where did the $6 mil Auctus money go. If it didn't go to the merger like it was slated for where did it go??? You continued to say that it was part of the JV R&D money before. When there is NO record of this contribution toward the merger. Who's pockets got filled?????

You are not officially delusional! I've never claimed or implied that the lawsuit was about or involved the JV, only that there was probably a legitimate reason why XERI has yet to agree to accept XTI's offer of the company's shares it was due as a result of its $5.4 million investment in the JV's development of the TriFan 600.

So you finally admit the lawsuit has NOTHING to do with the JV. That means as you say it is no longer in effect. Meaning any compensation that was to be awarded from it has already been fulfilled. The lawsuit is specific to the merger agreement outlined in the TERM SHEET agreement both parties signed in Dec 2021.

You still have no defense then to the fact the terms of the JV agreement are no longer in effect. Meaning all terms were settled including settlement.

So you finally admit the lawsuit has NOTHING to do with the JV. That means as you say it is no longer in effect. Meaning any compensation that was to be awarded from it has already been fulfilled. The lawsuit is specific to the merger agreement outlined in the TERM SHEET agreement both parties signed in Dec 2021.

You still have no defense then to the fact the terms of the JV agreement are no longer in effect. Meaning all terms were settled including settlement.

The lawsuit essentially revolves around XTI's breach of the letter agreement, not the JV agreement which is no longer in effect.

Do you understand that the JV agreement had an Arbitration clause making a COPILOT question about ignoring such a clause and filing a lawsuit is as relevant to contract factual information as you can get?

Don't know why I am even asking. You have proven it is clearly NOT. With a lack of understanding a multitude of different things.

You are asking Copilot a GENERAL QUESTION rather than a specific one based on the relevant factual information...Once again, proving how little you understand about the situation OR proving how deceptive you're willing to be in trying to support your argument.

Where is YOUR PROOF OF VERIFICATION. You said that had already been done so where is it at???????? SUCH TYPICAL LYING BULLSHIT

This is NOT my legal opinion but your famed COPILOT saying that IF Duffy ignored the Arbitration clause in the JV agreement it could lead to DISMISSAL.

Just call The Basile Law Firm's NY office. Ask if they are, in fact, representing XERIANT in its appeal.

See my previous post below. Your "legal analysis" is devoid of even the most basic understanding of the law, the legal process, and any pretense of analysis.

Where has Basile been verified at. Then SHOW where I can find this verification. LAME BULLSHIT
Not Securiteslawyer101.com or a repost of SIO stupid typed BULLSHIT buy real PROOF.

Let's hear from COPILOT some more. We KNOW that Auctus chose to have a jurisdiction clause and XTI had an Arbitration clause. We have seen Duffy IGNORE the Jurisdiction clause. This resulted in the Auctus case being dismissed by lower courts because of the Jurisdiction of State law.

What does COPILOT have to say about how Duffy NEGLECTED to follow the terms of the JV Arbitration agreement. Keeping in mind that I have continued to say the lawsuit has NOTHING to do with the JV or XERI's compensation from it. (IE XTIA shares). Why was none of the actions described by COPILOT taken by the courts if there was this clear breach of the JV contract?????
BTW Jurisdiction is still a problem with the XTI case also.

BECAUSE THE LAWSUIT HAS NOTHING TO DO WITH THE JV JUST MORE STALL DISTRACTION for DILUTION.

You may have erroneously inferred that, but I neither said nor implied it. I simply pointed out there are legal precedents and relevant case law that support my position. At this point, it's obvious that you are psychologically and intellectually incapable of engaging in any informed discussion of the legal issues surrounding XERI's appeal. Your refusal to accept or verify the fact that The Basile Law Firm is now representing XERI in the appeal -- and that the comprehensive and well-written article in SecuritiesLawyer101.com raises any legitimate points -- are just further proof of your total inability to objectively comment on this matter.

SCAMBOARDS DON'T AND NEVER WILL EXIST!!!

HOWEVER, SAVEBOARDS DO ACTUALLY EXIST!!!
https://www.saveboard.nz/

LOOKS AWFULLY LIKE SCAMBOARDS WILL HAVE AN ISSUE WITH INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS...

they(LYING GRIFTERS) CAN'T JUST COPY SOMEBODY ELSES PRODUCTS AND CALL IT theirs.....

YOU DID SAY THAT. Your statement clearly IMPLIES that because of the previous cases where toxic lenders loan agreements were deemed null and void that would mean that the Jurisdiction clause would also be null and void. Without having a court make that decision on Jurisdiction.

More of your cheap insults. Do I need to remind you FELL FOR THIS SCAM.


"And in those cases, the toxic lenders were stripped of their ill-gotten gains because their entire convertible loan agreements were deemed null and void. And that would mean that any jurisdictional clause in the Auctus Note would also be null and void!"

The only thing that will disappear is you...(and, hopefully, Q)...once NEXBOARD passes that certification test and XERI starts collecting those signed sales agreements.

I DID NOT SAY THAT! The quote you lifted from my post neither directly stated nor even vaguely implied anything of the sort! But in all fairness, I will take back anything I've ever what said about your level of reading comprehension. Apparently I've underestimated the severity of your condition. It's much worse than I ever imagined. (Do you have difficulty understanding STOP signs?)

LOLOLOLOL....

IT WILL GO DOWN BELOW .01, THEN DISAPPEAR, FOREVER............

BTW, SOMEONE IS LYING TO you. EVIDENT BY THE HUNDREDS OF MILLIONS OF "RESTRICTED" SHARES THAT HAVE BEEN(AND CONTINUE BEING) DUMPED FOR YEARS NOW!!!!!!!

ENDLESS DILUTION CONTINUES AS SHILLS COME HERE IN A SAD ATTEMPT TO DISTORT THE TRUTH!!!

NOTHING BUT A POS SCAM RUN BY LYING GRIFTERS!!!!

ZERO VALUE HERE!!!

Do you not even understand what you say???? You said your POV is it will invalidate the Jurisdiction part of the contract because the Auctus agreement will become NULL AND VOID WITHOUT GOING TO THE APPEAL COURT EVEN THOUGH THE LOWER COURT DISMISSED ON THOSE GROUNDS

A court determines that it is Null & Void not the determination of a previous case.

"And it will invalidate any issue of jurisdiction related to the Auctus Loan Agreement, since the Auctus agreement will become null and void."

I didn't say the decision in the SEC v Auctus case would automatically make Auctus guilty in XERI's appeal case. (Once again, you misquoted me!) I simply offered an educated POV that an SEC victory would set a precedent that could be very helpful in XERI's lawsuit. Then I pointed out that SEC has won similar cases against toxic lenders. And in those cases, the toxic lenders were stripped of their ill-gotten gains because their entire convertible loan agreements were deemed null and void. And that would mean that any jurisdictional clause in the Auctus Note would also be null and void!

I didn't say the decision in the SEC v Auctus would automatically make Auctus guilty in XERI's appeal case. I simply offered an educated POV that an SEC victory would set a precedent that could be very helpful in XERI's lawsuit. Then I pointed out that SEC has won similar cases against toxic lenders. And in those cases, the toxic lenders were stripped of their ill-gotten gains because their entire convertible loan agreements were deemed null and void.

As for Trump's 34 felony convictions, THEY WERE ALL BASED ON UNANIMOUS 12 to 0 GUILTY DECISIONS. Once again, your understanding of the law is based on conspiracy theories that defy logic.

Let's put it this way: I'm not selling and no one I'm close to and/or care about is selling. Neither are we worried or even mildly concerned. Interpret that any way you like.

UNBELIEVABLE STUPIDITY to think that a decision in one case is automatically going to make Auctus guilty in any other ongoing APPEAL case. You really think this is the way our law systems work??????? Why did they even have those other similar cases????? Still with the idiotic thinking that the contract JURISDICTION CLAUSE can be declared null & void before it goes court, Shows your ridiculous BULLSHIT. Maybe that's why you think 34 bogus felony convictions with NOT 1 of them having a unanimous 12 jury decision mean SOMETHING.

BTW 1 week left in this month. Better tell your BOSS to get off his ass and get a BULLSHIT PR out so you have new MATERIAL for your XERI comedy of errors TOUR.

You have absolutely no f-ing idea what you're talking about! You just babble on and on about payments that you believe were never made. Why don't you hire a professional accountant to follow the money trail and make an unbiased report addressing how funds were spent? Oh wait, that's already being done every quarter because XERI is a publicly reporting company!

Hey Smarty has Duffy mentioned if they ever have real positive news to release instead of the usual fluff they will actually let it run??? Or will they dilute it to death like they have done with all previous organic runs that were attempted???

Relentless dilution continues.

Way to DISTRACT from the $5 mil merger payment that was NEVER MADE. NOTHING BUT MORE LAME BULLSHIT!!!!!!!!! What was the Auctus money used for???????

Where is the money trail for the MERGER. There is none, meaning XERI had FAULT in the merger not completing from early on.

Of course XTI denies owing XERI any compensation. If they admitted it, they would be testifying against themselves. And, once again, the XTI lawsuit has NOTHING to do with the shares XTI has set aside for XERI as a result of the $5.4 million that almost everyone else understands was invested in the TriFan's development! Even XTI agrees with that!

That's really FUNNY!!!!! Of course you are correct because that is right out of the lawsuit.
What else that's in there is that XTI denies owing XERI any compensation. That's why XERI is suing XTI. DUH That would include the lost shares that you claim they are holding.

This is more proof that Duffy failed to deliver. We have been told that the Auctus loan was used for the JV. NOWHERE in XERI filings is there any record of this $5 mil payment toward the MERGER was made. The BEST BULLSHIT they had was that it was represented in the R&D which most of it came before the Auctus loan even had happened. That R&D money was always contended to be for the JV with NO MENTION of a merger payment because the Auctus loan was for the merger that at this point looks like XERI NEVER PAID meaning another DEFAULT from the BEGINNING

The best is that Duffy and CREW continued to lie saying the Auctus money went to the JV now saying he knew it was not viable but still took the $6 mil Auctus Note in Nov 2021 which has NO PROOF of it was allocated toward the MERGER. FACT Maybe Duffy and CREW Pocket change LOLOLOLOL


31. At the conclusion of September 2021, Xeriant had invested $2,761,006 in the development of the TriFan 600, as outlined in the Joint Venture Agreement. Exhibit B, §§ 4.3.1, 4.3.2.

32. By this juncture, it became evident that XTI lacked commercially viable engineering drawings or designs for the TriFan 600. The designs possessed by XTI were insufficient for implementation at any scale, let alone for the creation of a proper prototype capable of flight.

57. On September 9, 2021, XTI and Xeriant formalized their intention to merge by executing a Letter of Intent, which mandated a financing commitment of $5 million. See Exhibit C, Letter of Intent to Merge.

59. Maxim secured funding commitment from Auctus Fund, LP (“Auctus”) to fulfill the funding obligation specified in the Letter of Intent.3

60. On December 5, 2021, XTI and Xeriant executed a Term Sheet regarding the merger.
https://cdn.yahoofinance.com/prod/sec-filings/0001481504/000147793223009096/xeri_ex991.htm

One of the key legal arguments (SEE #1 BELOW) that XERI is making against AUCTUS (ie, that they were acting as illegally as an unregistered broker/dealer) is IDENTICAL to the argument the SEC is making against Auctus (SEE #2 BELOW). So if the SEC wins (as they have in similar cases), they will have proven a big part of XERI's case! And it will invalidate any issue of jurisdiction related to the Auctus Loan Agreement, since the Auctus agreement will become null and void.

#1)
https://www.securitieslawyer101.com/2024/xeriant-inc-fights-toxic-funder-auctus-fund-in-appellate-court/
#2)
https://docs.justia.com/cases/federal/district-courts/massachusetts/madce/1:2023cv11233/257794/63

Here's the question I just asked Copilot. (COPILOT AGREED WITH ME!) Why don't you ask Copilot the same question?

YOU: Regarding XERIANT's $500 million lawsuit against XTI. Am I correct that it has to do with: 1) XTI's failure to pay XERIANT fair compensation for its non-Joint Venture-related activities (ie, orchestrating the merger between XTI and INPIXON) and 2) numerous other damages which XERIANT claims it suffered as a result of XTI's unethical and fraudulent activities -- beginning BEFORE it's JV with XTI was formed and continuing up to (and possibly after) XTI's merger with INPX?

Also, if XERI accepted XTI's current offer of shares as fair compensation for its investment, is it possible they could compromise some or all of its claim for damages?

That's how little you understand about legal precedent!

You better post it on STOCKTWITS now. It means NOTHING in the XERI APPEAL case. More of your LEGAL NONSENSE.

I showed my question and answer. Your as much of a fraud as buddy SIO. All you did is put your own BULLSHIT THEN try and pass it OFF as a COPILOT answer to your FICTITIOUS question you NEVER ASK.. MORE REALLY LAME PATHETIC BULLSHIT.

YOU want the question answered? So ask it the right way! I'm not your assistant.

SEC's CASE AGAINST AUCTUS GOING FORWARD! https://www.reddit.com/r/XERI/comments/1eazrrb/big_news_secs_case_against_auctus_fund_is_going/
Should have major positive impact on XERI's lawsuit against Auctus!

NO I ask the question I wanted answered. Why don't you screenshot your question that you ask COPILOT like I DID. Show your question that you SAY you ask that produced the resulting BULLSHIT you gave. My question showed that the XERI/XTI lawsuit HAS NOTHING to do with the SHARES that were to be awarded from the BULLSHIT JV. There has been NO 8-K filed to show ANY shares of XTIA was ever awarded to XERI. Your fraudster buddy SIO isn't here to screenshot BS then claim they came from 8-Ks. Showing his ignorance saying they would get $5.4 mil. worth of XTIA. That stupid BULLSHIT was shown to have been settled already in cash already. This means that XERI will NEVER have any XTIA shares because it's already been settled.

SILLY SHILLY...LYING GRIFTERS WON'T GET SHIT!!!

You asked Copilot the wrong question! XERI's lawsuit has to do with XTI's failure to pay XERI fair compensation for its NON-JV-related activities (ie, orchestrating the merger between XERI) and and numerous other financial damages (totaling $500 million, when triple damages for fraud are accessed) XERI suffered as a result of XTI's unethical and fraudulent activities -- beginning BEFORE the JV was formed and continuing up to (and possibly after) XTI's merger with INPX. If XERI accepted those XTI(A) shares as fair compensation for its investment, it's very possible they could compromise some or all of its claim for damages. It's even possible XTI might require XERI to sign away its rights to additional compensation and/or damages if it accepted those shares as payment.

According to YOUR trusted COPILOT. The lawsuit doesn’t directly relate to XTI shares being awarded from their joint venture agreement. After reading the 9 counts there is NOTHING that refers to XTI owing any shares to XERI. So prove that the lawsuit in SOMEWAY has anything to do with these LOST shares that you say are being held. We have been over multiple times.
STILL MAKING SURE TO PUT THAT BIG IF IN THERE. LOLOLOL
Are you trying to say that XERI has been awarded these shares????
Maybe you can SCREENSHOT BS like your fraudster buddy SIO then claim it's from an 8-K which would have to be filed when XERI received these shares. SO PROVE IT.
Or is XTI being nice to XERI since they sued them and are just holding them till the lawsuit is over???

Just need to ask COPILOT the right questions and in the right way.

Wouldn't matter just WEASEL out AGAIN anyway

Maybe the 3rd times a charm first two attempts clearly didn't go well.

You can't just make up your own rules. Right now the XTI shares are assigned to XERI-- and only to XERI! But, because of the lawsuit, XERI doesn't believe it it is in their best interest to accept those shares while the case is still in limbo. When and if the shares are accepted by XERI, then we'll see who was right. And that's when we'll declare who won the bet. Not before.

You have LOST the CERTIFICATION bet which had the SAME WAGER. As of right now the MERGER completed and XERI has NO SHARES of XTIA but if they ever do then I will leave and you can come back. It's not a bet but to PROVE more of your lies. If you think you've been honest then agree. If I prove you lied will you leave????? Of course everybody knows you lied about leaving if you LOST the BET so what good does that do. Especially when you would only stay anyway. FACT

Nexboard is as FAKE as XERI. No CERTIFICATION of NFPA 286 that was supose to happen last year.

XERI was assigned the shares and they are simply waiting for the lawsuit to go forward. You didn't win yet and I didn't lose yet.

What will you do if you don't find a post that says that? (Because there isn't any.) A bet only works if both sides have something at stake.

MY side is told in the simple bets we made that you lost.The merger has completed and XERI has NO SHARES of XTIA stock. PLUS no CERTIFICATION OF NEXBOARD HAPPENED by the OCT 31 2023 DEADLINE. STILL too complicated for you to UNDERSTAND.