quester614
16 hours ago
Here we see 2 more 8-K filings where a total of 50 mil shares of common stock at the exercise price of $0.09 per share which = $4,500,000. This was ALL BEFORE the lawsuit was FILED. The loan was paid off before the lawsuit was brought making the appeal meaningless. Especially since Duffy already confessed his guilt.
This was the penalty for just the 2 defaults on top of the $6 mil
Item 1.01. Entry Into Material Definitive Agreements.
Effective December 27, 2022 (the βEffective Dateβ), Xeriant, Inc. (the βCompanyβ) entered into a Second Amendment to Senior Secured Promissory Note (the βSecond Amendmentβ) with Auctus Fund, LLC (βAuctusβ) pursuant to which the parties agreed to amend the Companyβs Senior Secured Convertible Promissory Note in the principal amount of $6,050,000 dated October 27, 2021 (the βNoteβ) issued to Auctus. The Amendment (i) extended the maturity date of the Note, the obligation to uplist to a national securities exchange and the acquisition of XTI Aircraft Company to March 15, 2023, and (ii) extended the date to file an S-1 registration statement to uplist the Companyβs common stock to a national securities exchange to January 15, 2023. In consideration of the Amendment, the Company agreed to (i) grant to Auctus a new Warrant to purchase 25,000,000 shares of Common Stock dated December 27, 2022 (the βNew Warrantβ) at an exercise price of $0.09 per share; and (ii) make two pre-payment installments of $50,000 on January 15, 2023 and February 15, 2023.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222005599/xeri_8k.htm
Item 1.01. Entry Into a Material Definitive Agreement.
Effective August 1, 2022 (the βEffective Dateβ), Xeriant, Inc. (the βCompanyβ) entered into an Amendment to Senior Secured Promissory Note (the βAmendmentβ) with Auctus Fund, LLC (βAuctusβ) pursuant to which the parties agreed to amend the Companyβs Senior Secured Convertible Promissory Note in the principal amount of $6,050,000 dated October 27, 2021 (the βNoteβ) issued to Auctus. The Amendment (i) extended the maturity date of the Note to November 1, 2022 and (ii) extended the dates for the completion of the acquisition of XTI Aircraft and the uplist of the Companyβs common stock to a national securities exchange to November 1, 2022. In consideration of the Amendment, the Company agreed to (i) grant to Auctus a new Warrant to purchase 25,000,000 shares of Common Stock dated July 26, 2022 (the βWarrantβ) at an exercise price of $0.09 per share; (ii) make a prepayment of the Note in the amount of $100,000; and (iii) cause a director of the Company to cancel his 10b-5(1) Plan
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222009572/xeri_8k.htm
quester614
3 days ago
IMO Duffy had lined up his own massive PR campaign . The Reg A offering was going to be their big SCORE but the market started to cool!!! They struggled to keep interest even with all the previous BS of multiple LOIs like with Movychem. Even adding the XTI JV did little. Original seed investors like Ruth and Randall/ Fuller that are now gone wanted out When the HALO case started Sept 01 2021. IMO this was the driving force for the Auctus loan. A lot of time and money went into this SCAM and some profit is better than NO profit.
Xeriant Preparing Regulation A Offering to Accelerate Development of Next-Gen Aerospace Technologies
The Company takes a key step towards assembling a broad portfolio of disruptive technologies in aerospace and related industries
March 03, 2021
https://www.globenewswire.com/news-release/2021/03/03/2186205/0/en/Xeriant-Preparing-Regulation-A-Offering-to-Accelerate-Development-of-Next-Gen-Aerospace-Technologies.html
BTW Ruth was part of the Currency Tracking Technologies SCAM that was the plan just 8 months prior to XERI
Fuller CCT and American Aviation Technologies, LLC
https://www.sec.gov/Archives/edgar/data/1689361/000166516019001085/offeringmemoformc.pdf
CTT PEOPLE
XERI PEOPLE
Brian Carey, CFO Pablo Lavigna, CTO Fred Rustmann, Jr., Advisor Barbara Higgins, Ph.D., Advisor Lisa Ruth, Advisor
Ms. Elena Fuller has control and dispositive power over Misha Holdings, LLC and is the beneficial owner of Misha Holdings, LLC.
Alberto Silva has control and dispositive power over Micha Holdings, LLC and is the beneficial owner of Micha Holdings, LLC.
StockItOut
4 days ago
"upon conversion of the Note and/or exercise of the Warrant,"
Didn't happen on Oct. 27, 2021. Only set-up as Purchase Warrant for such conversion and/or exercise to occur.
We're all curious here, your next round of fake bullshit, misread, error-ridden insult-laden, and fraudulent claims.
Gosh, next you'll say Duffy didn't work as CEO of a company that went nasdaq.
meitze
4 days ago
Market was booming last time he was in office, then the plague hit and corruption, illegal shorting, MM manipulation and off exchange buying suppression destroyed the markets. Now that he's back i expect, in a short time, we'll see the markets start to flourish again. And with that could also come a resurgence of Xeri's share price. Glta.