Xeriant Inc (QB) (XERI) News

Duffy has done nothing but pimp your mouth out to BULLSHIT for XERI. First he took your money then convinced you to keep selling your BULLSHIT for him. Then he coned you out of more money while telling you it will get better. You're the one that refuses to accept FACTS and buries your head in the sand. You don't even understand what a tool you've become for Duffy or do you??????????? He has used the rush you got from seeing XERI shoot to .58 to keep you addicted to the idea of becoming a XERILLIONAIRE. SO PATHETIC

STILL JUST A BUNCH OF LAME HOPEFUL BULLSHIT

I'm as frustrated as anyone. I've got a nice chunk of change invested in XERI that could have been put to much more productive use. The big difference is, I've known Duffy for about 8 years...I tend to give him the benefit of the doubt...and I truly believe that NEXBOARD is the real deal. Even if it only lives up to a fraction of its potential, the effect on the current share price should be significant. I'm not just talking about 5X or 10X...But 50X...or more. And from what I gather, the use of a non-dilutive green bond fund could address everyone's concern about dilution -- since they could potentially fund their entire network of "strategically located" production facilities without issuing more shares.

Actually, I am hoping for an update on NEXBOARD pretty soon.

The only thing that has gone on behind the scenes that is visible to shareholders is the ridiculous failures and mess that Duffy has got us into. We lost a merger fact. Every company that attempted to do business with us in last 3 years is gone fact. No publically released proof on how to fulfill nexboard orders fact. Took toxic loan fact. In 2 public lawsuits fact. Zero communication to shareholders fact. Zero advertisements or marketing regarding nexboard fact. Relentless dilution for 3 years fact. SHARE PRICE FROM .58 TO UNDER .02 IN THE DUMPS FACT!!!!!!! How can you continue to defend him?? Do you know how ridiculous you look? Believe me nobody wants a turn around for us shareholders more than me but fuck look at his track record.

JD, I've never said or implied that the lawsuits were anywhere as important as NEXBOARD. And I'm not trying to deflect attention away from anything. You've been trying to insinuate that I'm somehow reporting to Duffy, but -- if anything -- he's reporting to me, as one of his oldest and most investors. On the other hand, the lawsuits should help us understand what's really been going on behind the scenes and how much it has affected the share price. Unless you really don't want to know -- and would prefer to keep taking cheap shots at XERI.

Yes, it does and with my track record they'll probably release a PR tomorrow.

Agreed they are probably more likely to go dark and continue the relentless dilution while they have smarty continue to defect everyone's attention to the lawsuits between failed companies. These lawsuits are a blessing for Duffy. He's using them as smoke screens for the horrible shitshow he has gotten shareholders here in. Don't let smarty deflect from that likes he's trying desperately to do. Imagine the pressure Duffy would be in if he couldn't use these lawsuits as an excuse for his failures. Nexboard certification and contracts are the only thing that can save this no matter what Smarty says. We have zero proof even if it's certified tomorrow that XERI can even produce these at any scale to fulfill an order.

WHAT A STUPID RESPONSE!!!
DO you ACTUALLY EXPECT SOME MORE BULLSHIT IN NEXT 2 DAYS???

MAMALUKE!!!

4+ YEARS OF LIES=NOTHING THESE LYING GRIFTERS OR SHILLS SAY IS TRUE!!!!!

"End of month"???Gee, I always thought July had 31 days. Is 2024 some kind of reverse leap year?

Gee, I always thought July had 31 days. Is 2024 some kind of reverse leap year?

End of month and no word on phase 3. As expected. We probably won't hear anything until later September or October. And I'd bet it still won't have the 286 fire test done by then.

The "ACTUAL TRUTH" is: 1) NEXBOARD IS VERY REAL..2) MOVYCHEM screwed up...and 3) XTI and AUCTUS really did screw XERI over (big time) -- which should all come out in XERI's lawsuits. Just let the process play out a little longer -- and see for yourself (unless you're incapable of overcoming your anti-XERI bias).

LOLOLOLOL...EVERYONE KNOWS THE ACTUAL TRUTH DESPITE WHAT you SAY!!!!

ALL THE BULLSHIT PR'S THAT NEVER AMOUNT TO ANYTHING SPEAKS THE TRUTH!!!

Seems you wouldn't be expending all your time on the Xeriant board defending the company from slurs of it being a scam, if it wasn't and you were sure that Nexboard will be produced and Xeriant thrive because of it.

Except that XERI is NOT a scam and it's only being defended against unfair accusations. If some people didn't let their frustrations get the better of them, they'd realize that NEXBOARD is literally on the verge of certification and commercialization. But it's so much easier to create an all-purpose conspiracy theory that offers a simple explanation for everything: It must be a scam!

ONLY PATHETIC ONES ARE THOSE TRYING TO PUMP THIS POS SCAM RUN BY LYING GRIFTERS!!!

SHILL POSTS NOTHING BUT NONSENSE TO DEFLECT THE TRUTH ABOUT THIS BEING NOTHING BUT A POS SCAM FAILED COMPANY RUN BY LYING GRIFTERS!!!

NO they(LYING GRIFTERS) WON'T BUY ANYTHING. SCAMBOARDS WILL NEVER GET ANY CERTIFICATION!!!

"The customized production equipment will be ordered AFTER NEXBOARD is certified"

You clearly have supported Duffy's conspiracy to DEFRAUD the retail investor with a multitude of SCAMS. You are nothing more than a BOTTOMLESS pit of BULLSHIT. What product does Duffy have that qualifies for Green Bonds.

Why is the Nexboard TEST piece round????? What kind of equipment was used to produce this shape and why when they need 4x8 sheets???? When XERI have stated before that they had made 4x8 sheets already???????? Was specialized equipment purchased just to make round pieces????????

XERI clearly laid out its production plans in recent press releases. They are using a contract manufacturer for its pilot production of full-size, 4'x8' NEXBOARD panels -- and will use the third pilot production run for certification. The customized production equipment will be ordered AFTER NEXBOARD is certified! XERI even provided information about how it plans to pay for a strategically-located series of production facilities in the US using tax-free "green" bond funds!

STOP SPREADING MISINFORMATION ABOUT XERIANT. You claim to have the best interests of investors in mind, but your anti-XERI bias has blinded you to accept any facts that contradict your preconceived narrative.

There are no "LOST" shares! XTI set aside shares that are due XERI for its investment in the JV. This has been well documented. The rest of your post is just more of your misinterpretation of reality.

In the last 10-Q we see that XERI still has NO specialized manufacturing equipment to make Nexboard. NO PILOT plant to start manufacturing any Nexboards.
NO CERTIFICATION until FORTH Q of fiscal year 2024 which was the end of JUNE WHICH DIDN'T happen. Duffy couldn't even bother to get the office remodeled in 5 years. Hasn't delivered on any business that has a real product. He does have a friend for a MOUTH PIECE that disputes facts with the stupidest BULLSHIT. Only capable of just deny, deny, deny with no substance.

HALO - FICTITIOUS EVTOL
EXERIANT - SRO- FICTITIOUS NANO LUBE
MOVYCHEM - FICTITIOUS RETACELL
DUREVER - FICTITIOUS NEXBOARD
How can XERI move forward with NO NEXBOARD NO CAPITAL NO REVENUE

After a series of research and development fire tests, the Company is now pursuing the final fire test certification of NEXBOARD, expected during the Company’s fourth quarter of fiscal year 2024. Subject to available capital, the Company is planning to build manufacturing facilities in the United States for the production of NEXBOARD in order to meet market demand, or alternatively license the technology and process. The Company has identified potential sites for near-term contract manufacturing, a pilot plant, and larger manufacturing facilities, received bids for specialized manufacturing equipment, developed timetables related to the action plan, and hired a managing director with decades of experience to oversee the projects.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793224002829/xeri_10q.htm

PROVE that XERI didn't accept these LOST shares. This is just your LAME BULLSHIT. The merger has completed even though those shares may have been allotted to XERI the merger has completed. Nothing in the lawsuit declares the shares are owed to XERI. It is XTI that didn't transfer these shares. XERI has been trying to SCAM XTI since the beginning. NEVER did fund the JV fully and have stated they owe XERI NO COMPENSATION of XTIA SHARES. A adjusted cash settlement was shown to be awarded in satisfaction of its obligations.

In satisfaction of its obligations the Company will issue 5.4% of its fully-diluted shares to Xeriant in exchange for Xeriant’s interest in the joint venture.

The Company considered ASC 480-10, Distinguishing Liabilities from Equity, and determined 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. Furthermore, the Company considered ASC 815, Derivatives and Hedging, and determined the obligation should be recorded at fair value and marked to market periodically. Accordingly, the Company recorded a $330,501 fair value adjustment (resulting in an income gain) to the obligation for the year ended December 31, 2022. The Company also recorded a fair value adjustment (resulting in an income loss) to the obligation of $309,672 for the year ended December 31, 2021.
https://www.sec.gov/Archives/edgar/data/1638850/000110465923080673/tm2317519d2_partii.htm

L

NO ONE BELIEVES ANY OF YOUR BS. You're more pathetic than Q. At least he occasionally sounds sane. Not often. But at least occasionally.

The XTI(A) shares WERE awarded -- and then set aside for XERI and XERI alone! They just weren't accepted by XERI, most likely due to the pending lawsuit -- as discussed here many times. You've been declaring victory about this prematurely.

You weren't even involved. And you're one of the most biased XERI bashers here, so your opinion is worthless.

It didn't replace the other bet you PATHETIC LOSER. It was a different bet you agreed to that ENDED on Oct 31 2023 when you LOST. You agreed to BOTH bets which at this point in time makes you a 2 time LOSER Where does it say it replaces any bet. JUST Your made up lying BULLSHIT.
The merger has COMPLETED and you LOST that bet also. NO SHARES OF XTIA have been awarded to XERI.

quester614
Re: Smartypants2 post# 26882
Thursday, August 31, 2023 9:08:47 PM
Post# 26885 of 33156
HEY SP2 I'll stop posting here IF XERI gets any XTIA stock if you stop posting after the INPX/XTI merger happens and they DON'T. This is the part of this SCAM where I drew the line over and got out. So I will admit I was WRONG and leave this board, SP2 will you agree to this and do the same. Your big chance to put up or shut up.

Smartypants2
09/01/23 7:57 AM
#26893 RE: quester614 #26885
It's a deal!


Smartypants2
Re: meitze post# 28195
Monday, October 02, 2023 3:29:17 PM
Post# 28196n of 33156
Correct. But I doubt XERI will be send out a separate PR announcing that the samples have been received. That's hardly a newsworthy event.


quester614
Re: Smartypants2 post# 28196
Monday, October 02, 2023 11:11:37 PM
Post# 28201 of 33156
NOW that's some HILARIOUS BULLSHIT. Why would Duffy prove SCAMBOARDS are actually being tested for CERTIFICATION by a NAMED accredited LAB. NO WAY IN HELL will that EVER happen.

The merger is going to be DRAWN out till the EOY. HOW about the same wager ONLY I SAY there WILL BE NO NEXBOARD CERTIFICATION of NFPA 286, or the ASTM E84 test by the END OF THIS MONTH (OCT 2023) PUT UP OR SHUT UP since you say the samples have already been sent out.

Smartypants2
Re: quester614 post# 28201
Tuesday, October 03, 2023 7:35:40 AM
Post# 28203 of 33156
You're on!

TOTAL SCAM BY BOTH PARTIES IN ORDER TO FOOL NAIVE RETAIL AND DILUTE MILLIONS OF SHARES!!!

SOME GARBAGE CAD DRAWINGS DIDN'T COST $6M. THESE LYING GRIFTERS MOST LIKELY SPLIT THE $ AND DIDN'T DO SHIT!!!

ACCORDING TO you THAT'S NOTHING BUT A CONSPIRACY THOUGH....MAKES you THE ONE WITH EGG SPLATTERED ALL OVER your FACE....ESPECIALLY WHEN THIS POS DROPS UNDER .01 AND GET DELISTED!!!

NO!!! THE BET you ACCEPTED AND LOST!!!

WELCHER!!!!

You mean the bet that was invalidated when Q tried to replace it with another bet, or the other bet that still hasn't been decided yet?

LOLOLOLOL.....

THAT WILL NEVER HAPPEN!!!

you ALREADY LOST your WAGER AND AREN'T MAN ENOUGH TO HONOR IT...

ONLY PERSON HERE WITH EGG ON THEIR FACE IS you!!! LOSER!!!

It'll be even funnier when NEXBOARD is certified, goes into mass production, and you're left with egg on your face.

OMG! Auctus gave XERI the money in one lump sum -- but the JV only required XERI to cover the monthly expenses on an as-needed basis. (ie, as the bills came in.) I don't know if any of the other F&F investors who participated in funding the JV were paid back in cash (plus interest) OR if they chose to convert their loans to common shares, as I did. I also don't know (or care) about the other points you raise, but you're welcome to obsess over them all you like. I have no intention of wasting my time going down the rabbit hole with you.

WRONG the $5.4 mil had been paid by the end of DEC.2021 NOT over a 12 month period as stated in XTI filing. SHOW where the $6 mil Auctus loan taken in Nov 2021 is accounted for??????
Were F&F paid back like you stated before?? If so where is this buyback shown in filings. If so you lied about never selling shares. If F&F weren't compensated WTF happened to the $6 mil Auctus money??
Duffy is worse at remembering his LIES than you are.
Why does Duffy claim in the lawsuit that $2761006 had been paid while the XERI filings shows that only $2340575 was R&D cost. Does R&D truly represent the JV contributions , if so why the inconsistencies???? Which you contend is the JV contributions?????
XERI only contributed $5057429 to R&D through Dec 2021 when you take the MovyChem SCAM money. While XTI reported $5407508

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.
https://cdn.yahoofinance.com/prod/sec-filings/0001481504/000147793223009096/xeri_ex991.htm

Research and Development Expenses
Expenditures for research and development are expensed as incurred. The Company incurred research and development expenses of $2,340,575 and $0 for the three months ended September 30, 2021 and 2020, respectively.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793221008723/xeri_10q.htm

Research and Development Expenses
Total research and development expenses were $5,200,219 for the six months ended December 31, 2021 compared to $0 for the six months ended December 31, 2020. The research and development costs were related to the development of an aircraft through our Eco-Aero joint venture and $142,790 expenditure to Movychem, a Slovakian limited liability company for research and development in advanced materials and chemicals.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222000865/xeri_10q.htm

1K from XTI 2021
(iv) May 31, 2023. As of December 31, 2021, the Company received $5,407,580 in funding from the JV.
https://www.sec.gov/Archives/edgar/data/1638850/000110465922079294/tm2213173d2_partii.htm

Auctus included default terms that penalized XERI if their efforts to merge with XTI and then uplist failed -- since that would significantly reduce the value of the warrants Auctus could opt to convert into shares. (That's why it's called a Convertible Note) That DOES NOT MEAN that the note was meant to to pay for the merger. The $5.4 million that XERI paid to XTI on a monthly basis over the course of 12 months was accounted for in numerous filings. You just refuse to acknowledge it.

If the Auctus loan was for the JV why is there no requirements concerning the JV. There are 2 clauses that will cause a default to occur. Both of which are related to the MERGER TERM SHEET that both parties signed. This makes the AUCTUS loan tied directly to the MERGER.

BTW there is no evidence that the Auctus money went toward the JV or the MERGER.

ARTICLE III. EVENTS OF DEFAULT
3.19 Failure to Uplist. If, at any time on or after the date that is eight (8) calendar months after the Issue Date, the Company’s Common Stock ceases to be listed for trading on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing).

3.20 Failure to Acquire XTI. The Company fails to acquire 100% of the equity interests of XTI on or before the date that is eight (8) calendar months after the Issue Date.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_ex41.htm

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.

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.