Xeriant Inc (QB) News - XERI | ADVFN

Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.

Get Started

Home
Investing
Stocks
USA
USOTC
Xeriant Inc (QB) (XERI)
Xeriant Inc (QB) (XERI) News

Xeriant Inc (QB) (XERI)

0.022

0.0021

(10.55%)

Closed April 29 4:00PM

Delayed by 15 minutes

Get an advanced news scanner tailored to your needs by ADVFN

Enhance your trading experience

Form SEC STAFF ACTION - SEC Staff Action: ORDER

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 8-K - Current report

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

Form 8-K/A - Current report: [Amend]

Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405

Form 8-K - Current report

Quarterly Report (10-q)

0001481504false--06-30Q320230.0000150000000003819331443652390010.000010.000011000000001000000003500000100000010000007811327693951000000100000000.00...

Notification That Quarterly Report Will Be Submitted Late (nt 10-q)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 COMMISSION FILE NUMBER 000-54277 ...

Quarterly Report (10-q)

0001481504false--06-30Q220230.0000150000000003769331443642390010.000010.000011000000001000000003500000100000010000007811327698951000000100000050000...

Securities Registration Statement (s-1)

0001481504falsetruefalseNon-accelerated Filer0.0000150000000003656961440.000010.000012928159600.000010.000011000...

Current Report Filing (8-k)

0001481504false00014815042022-12-272022-12-27iso4217:USDxbrli:sharesiso4217:USDxbrli:shares UNITED STATESSECURITIES AND EXCHANGE...

Quarterly Report (10-q)

0001481504false--06-30Q120230.0000150000000003656961440.000010.000011000000001000000003500000100000010000007811327801321000000100000000500005000002...

Annual Report (10-k)

0001481504false--06-30FY20220.0000150000000002928159603652390010.000010.00001100000000100000000350000010000001000000788270760132100000010000000000g...

1
Next

quester614

quester614 1 hour ago

You're right PRs come and go but don't create REVENUE or results, what they do create FOMO. What else has this SCAM produced, surely not results. Typical PUMP and DUMP. That's right DUMP by adding 430+ million to the OS which is 7X where it started with ZERO revenue.

Smartypants2

Smartypants2 3 hours ago

When that info was posted, it was both timely and relevant. And FYI: PR's don't produce revenue, they inform the public of newsworthy developments.

quester614

quester614 6 hours ago

I'm sure they're hoping that posting old irrelevant info helps their bottom line. Isn't that the purpose of 60+ PRs that produced ZERO revenue????

Smartypants2

Smartypants2 7 hours ago

Maybe XERI has more important things to do that constantly updating their website every time NNC makes another change that may or may not impact their bottom line.

quester614

quester614 8 hours ago

I questioned him before about his wife selling with no response. I believe that may all be part of the "STORY" anyway. I'm thinking that there might be more than one that posts for him. Sometimes it seems he doesn't know what we had just covered or he/she said a day or two ago. Would the general know the password????

StockItOut

StockItOut 9 hours ago

Why? I think SmartyPants2 is confused realizing Duffy has failed and taken he and his wife's investment for a ride. Of course, I'll bet his wife as secondary investor already knows, and knows that her husband continues his story fabrication as Major Denial, she the General.

StockItOut

StockItOut 9 hours ago

An old EquityNet page? Funds raised already, they're done? Seems so with British financiers even funding NNC's manufacturing plant, clearly not Xeriant's, countering Xeriant's previous financials that claimed Xeriant was searching locations to build a Nexboard manufacturing plant (nice, considering Nexboard has yet ever been produced!)

quester614

quester614 9 hours ago

That's what everybody here has been waiting 2 years for. Why does XERI keep old non-relevant info on their website like the XTI JV that concluded May 31 2023 or update the 39000 housing project. Just more of your stupid BULLSHIT.

Smartypants2

Smartypants2 10 hours ago

Maybe they're just waiting for the official certification. But the fact that it's mentioned on EquityNet cannot be ignored. If the new NNC team members had a problem with NexBoard, why would they keep it in their EquityNet investor pitch?

quester614

quester614 11 hours ago

Once again why is there NO MENTION of Nexboard being used now on the NNC website. Their NEW updated website shows 3 new members on their team being added. Since there was NO Nexboard mention maybe the NEW members realize that if XERI can't even get Nexboard certified in 2 years or are yet to get a manufacture to produce these fictitious products how could they ever meet the supply demands of a $4 billion project. A company responsible for such a huge part of the project would have to be DEPENDABLE. That is something that Duffy/XERI has failed miserably in doing.

Mathias DeKouassi is NNC's Ivorian Joint Venture Partner.
Jerry Washburn, CPA, Finance and Compliance Officer
Abdoulaye Sambou, MBA, NNC Laison Officer to Senegal,
https://www.nextnewconcept.com/team

BTW WHY IS XTI JV BS STILL IN THE XERI NEWSLETTER?????????

Smartypants2

Smartypants2 12 hours ago

Once again: $4 billion is the total value of the project (all phases) including the land! $250 million was the original estimate of the revenue XERI would generate from the sale of NexBoard to NNC.

quester614

quester614 22 hours ago

Why do you keep referring to old info. The NNC site says it's 4 billion now. Is that all you have since XERI hasn't put anything out in 3 months.

A cording to the Equity net website they still have to build the production factory to produce the homes. Wasn't this originally suppose to start building in early 2023.

NNC (USA) - $3B Contract to Manufacture & Build 29,000 Modular Homes in AFRICA for AFRICA.

Our Ivorian joint venture partner pledged their 2,700-acre development property to secure a $100 million credit facility from a British international finance company. Funding includes NNC’s plant located on a 62-acre set-aside within the development, manufacturing equipment and working capital.

How far behind is this project. Just like XTI this BS project will never fly.

Smartypants2

Smartypants2 23 hours ago

That $250 million number probably won't change too much since it was based on the amount of NexBoard-related building materials required for the initial phase of the home building project -- and the larger, upgraded designs require more materials. That should more than make up for the fact that they've reduced the number of homes from 35,000 to 29,000.

If you go to https://www.equitynet.com/c/next-new-concept-inc and scroll down to "Products & Services," you'll see a direct reference to "NEXBOARD™ from 100% recycled materials for walls, ceilings, sub-floors."

quester614

quester614 23 hours ago

FYI: I already covered the 29000 change. The post you cite is reference to the old BULLSHIT on the XERI newsletter. That's where you got the $250 mil contract. That is old info on XERI newsletter. I noticed that NOWHERE on the updated NNC website does it mention anything about Nexboard, Durever, OR Xeriant anywhere I could find.
BTW How many smartypants post here???? Sometimes it's like you don't know what we have just covered.

quester614
Re: Smartypants2 post# 31437
Saturday, April 27, 2024 2:14:07 AM
Post# 31496 of 31509
Speaking of old news. Why is this newsletter about Nexboard recent developments still referring to 35,000 homes being built. That changed to 29,000 some time ago. Really impressive the homes being built for PPL with such little income. NNC and XERI need to build in the US to solve our homeless problem

(THIS FROM THE NNC WEBSITE)
NNC's new 260,000 square foot manufacturing facility in Yamoussoukro, Côte d'Ivoire, with a capacity to supply 5,000 homes per year is sold out through 2030, supplying 29,000 homes for the EBURNEA CITY ONE development.
EBURNEA CITY ONE is a joint venture between NNC and the largest private landowner and real estate company in Cote d'Ivoire. The project value exceeds $4 billion.
https://www.nextnewconcept.com/copy-2-of-invest

Smartypants2

Smartypants2 1 day ago

FYI: If the total number of homes in NNC's Ivory Coast project is 29,000 and if XERI is still projecting $250 million in revenue from the initial phase (since many of the homes will be larger than originally planned), that would come to over $8600 per home. If XERI is providing most of the building materials, that seems pretty affordable. I have no idea what the $4 billion figure is about. Maybe that' includes the value of all the land -- and encompasses more than just the initial phase?

StockItOut

StockItOut 1 day ago

quester614

quester614 1 day ago

Your BULLSHIT DD is a joke. Here are just 3 of the NNC house designs I found on another website. Maybe we should add the French into this International Scam. Who would ever think they are still taking advantage of the Ivory Coast after leaving.

https://www.maisonsbonneville.com/en/fiche-virginie/

Smartypants2

Smartypants2 1 day ago

The recent update in NNC's Ivory Coast project only confirms how massive it is. Only an off-the-wall conspiracy theorist would claim that the amount of work and level of detail required to create those model home designs would somehow be proof of "how lame it is."

John Doe 2024

John Doe 2024 1 day ago

Still crying?? 😢

StockItOut

StockItOut 2 days ago

StockItOut

StockItOut 2 days ago

Yeah, that's average $138,000 USD per house revenue just for Xeriant.
I discussed this months back, yeah, all those rich Ivory Coast folks are wanting to live stacked in a development right next to each other, and 29,000 families all paying well in excess of Xeriant's revenue take of $138,000 USD per house.

Uh huh,.... right!

.

prolly, any ol' john doe schmuck will fall for that Xeriant bullshit as some feel good confirmation that Xeriant is right on track.

StockItOut

StockItOut 2 days ago

Wow! That fire retardant paint will take the $1 Trillion global construction home building industry by storm! These new Xeriant products are a maze zing! Go Xeriant!

quester614

quester614 2 days ago

You can't even take the time to check your lame BULLSHIT. Just proves how lame it is. Doesn't make you look like a Smartypants but then again NOTHING can help that once you start talking.

Smartypants2

Smartypants2 2 days ago

Thanks for the update! So now, according to you, the scam is so complex, they've actually created a bunch of different phony home designs and tested them in phony focus groups! This right up there with the so-called phony moon landing in 1969! Of course, it never occurred to you that the most logical explanation is simply that the whole thing is totally real...That NexBoard is real. That NNC is real. That the mega-project in Ivory Coast is real. And your whole international conspiracy is anything but real!

quester614

quester614 2 days ago

You really need to update your BULLSHIT. There are at least 6 different designs for these fictitious NNC homes.

https://www.nextnewconcept.com/gallery

Smartypants2

Smartypants2 2 days ago

Gee, maybe it was 35,000 homes at the time the newsletter was published. However, as I've noted previously, it appears the total number of homes in the initial phase of the Ivory Coast project was scaled back a bit after NNC and its partner(s) decided to offer 2 additional, upgraded versions of the original home design. As for whether XERI will be supplying NEXBOARD to build homes here in the US, it would appear that they plan to do exactly that -- based on their previous announcements regarding the US-based home builders they've been in discussions with and the US production facilities / factories they've been considering.

quester614

quester614 2 days ago

Here NNC states they will use eco-friendly flame-retardant-infused paint. I pointed out in the past that fire retardant paint is nothing new. These off the shelf products have been around for years and can be applied to products in order to pass NFPA 286 corner test.
Watch the test done on plywood. Putting it on a non-flammable piece of drywall could produce an impressive video.

FIRESHELL® (F10E) is a proprietary, non-flammable, intumescing (expands up to 2000%) interior coating that provides oxygen starvation to fire. It is a non-toxic, water based, drain safe, no fuming GREEN product. FIRESHELL® passes full scale room corner tests over foam, NFPA 286 and E84 class A certified.

NNC’s project is a 35,000-unit residential development in Africa and the 5-year project is anticipated to start in 2023. The LOI proposes the purchase of NEXBOARD™ and additional building products, including doors coated with eco-friendly flame-retardant-infused paint, valued at over $250 million in revenue for XERI.
https://www.xeriant.com/news-and-media/newsletter

quester614

quester614 3 days ago

Speaking of old news. Why is this newsletter about Nexboard recent developments still referring to 35,000 homes being built. That changed to 29,000 some time ago. Really impressive the homes being built for PPL with such little income. NNC and XERI need to build in the US to solve our homeless problem

NNC's new 260,000 square foot manufacturing facility in Yamoussoukro, Côte d'Ivoire, with a capacity to supply 5,000 homes per year is sold out through 2030, supplying 29,000 homes for the EBURNEA CITY ONE development.
EBURNEA CITY ONE is a joint venture between NNC and the largest private landowner and real estate company in Cote d'Ivoire. The project value exceeds $4 billion.
https://www.nextnewconcept.com/copy-2-of-invest

https://www.nextnewconcept.com/gallery

Average Salary in Ivory Coast (Côte d'Ivoire)
In Ivory Coast, a person typically earns around 4,043,600 West African CFA francs (XOF) per year. This is equivalent to approximately $7,032 USD per year
https://www.timecamp.com/average-salary/ivory-coast-cote-divoire/

StockItOut

StockItOut 3 days ago

Where was this fire test performed, and how do you know this actual fire test has anything to do with Keith Duffy and Xeriant other than shown with overlay Durever logo on Xeriant's website?

meitze

meitze 3 days ago

I agree about the video, although, i wish they would have shown the back of it so we could see that there was no transfer of heat to the other side. Taking them at their word has been a recipe for disaster in the past. But, i believe it is what it looks like.....a potential industry changing product.

StockItOut

StockItOut 3 days ago

They did same/similar test for the revolutionary Retacell infused-Nexboard.

What a score, for Xeriant to get U.S. and world marketing and distribution rights for Retacell and all Retacell products.

And yet Xeriant defaulted on its years long promoted relationship with Retacell with Movychem, lying that Movychem defaulted because it couldn't produce already announced "successfully developed" 4X8 Nexboard, which in fact was Xeriant's contractual requirement to make, not Movychem's; the same efforts Xeriant claims to now be attempting having magically developed its own revolutionary fire retardant... which sure looks like IP theft... and/or the entire thing a ruse, the Xeriant/Movychem relationship fabricated,,, and on....

The crying is you mthfkr, denying mountains of facts in order to create your 'Xeriant can only be 100% legit' narrative, when your denied facts establish a reality narrative quite different than the Xeriant 'dream' you cozy up to as 'without-a-doubt' real.

quester614

quester614 3 days ago

That's right NOTHING!!! The only thing they have created is a FICTITIOUS STORY about an imaginary product lines. Just like Nano Lube and Retacell, Retacell® was as fictitious as the ® that NO link was ever provided to prove it was truly registered.

StockItOut

StockItOut 3 days ago

There is-no-evidence to show Nexboard has been created, much less a Xeriant or Durever product line.

StockItOut

StockItOut 3 days ago

There is-no-evidence to show Nexboard has been created, much less a Xeriant or Durever product line.

Smartypants2

Smartypants2 3 days ago

JD, you're 100% correct! Except that there may be a myriad of reasons why XERI isn't providing us with a constant stream of PRs -- such as not wanting to unnecessarily and/or prematurely provide the Drywall/gypsum industry with competitive information about NexBoard.

John Doe 2024

John Doe 2024 3 days ago

They don't need to update us until they are ready. I used to feel differently but the video clearly proves they have been working and making moves. That video clearly shows that nexboard and the technology behind it is way better than we all expected. They don't owe otc investors with maybe couple grand invested PR's whenever they demand them. The video shows that after thousands of degrees there is barely any heat transfer on something that is a 1/4 inch thick. They also stated they got the weight down considerably over standard rock. That is a big deal. Cryhard Stock???

meitze

meitze 3 days ago

Seems like we're not gonna get any updates until the next filing is due. A PR before that would be nice though. Tired of this silence when there's clearly some progress with Nexboard.

Smartypants2

Smartypants2 3 days ago

"Nothing"? Except for creating a product line (ie, Durever/NexBoard) with the very real potential for transforming the entire construction materials industry which is valued at well over $1 trillion

quester614

quester614 4 days ago

So then Duffy has added 430+ million to the OS. Have a negative stock holder equity of $23+ million and have made NO PROFIT in 4 years from the 60+ PRs that have amounted to nothing. HILARIOUS SCAM🤣🤣🤣

Smartypants2

Smartypants2 4 days ago

FYI, Q: The numbers in parenthesis -- ie, "($$$$)" -- represent negative amounts. So if you're trying to imply that Duffy & company are reaping large profits from "retained earnings," think again.

StockItOut

StockItOut 4 days ago

Strange you blame everything other-than-Xeriant for Xeriant's failure. Very magadem, placing blame elsewhere.

$0.02 in reality is very over priced for:

1.) a years long company never actually producing the products it says are always just down the road or around the corner,
2.) a company with no revenues,
3.) defaulted debt of $10M,
4.) two defaulted JV Agreements,
5.) a failed merger promised years ago was proceeding,
6.) and weak to empty lawsuits as its supposed only game for access to:
-- a) multi million dollar construction supplier deals, and
-- b) IP that its terminated JV Agreement clearly established it never had rights to, and that terminated its access to when that JV terminated.

.

John Doe 2024

John Doe 2024 4 days ago

Good thing we use computers to count our votes lmao.

meitze

meitze 4 days ago

Our markets are full of corruption guys, everything red everywhere, everyday must be the motto of the stock market, housing market and crypto markets for the past 4 years!!! No wonder XERI is at .02. Almost impossible for any small, emerging company to get anywhere. Surprised it's at .02 to be honest. Only one place to blame for all of the corruption. Our America dream has become an American sedation.

quester614

quester614 4 days ago

Even though this POS has made ZERO revenue it's not like Duffy and Crew haven't profited!!!! Look how much profit the company has made. Funny that from the start it was stressed that no dividends would be paid out.

What is meant by retained earnings?
Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders. This represents the portion of the company's equity that can be used, for instance, to invest in new equipment, R&D, and marketing.
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/retained-earnings#:~:text=Retained%20earnings%20are%20the%20amount,equipment%2C%20R%26D%2C%20and%20marketing.

Fiscal year ends 6/30 | Values in 000s USD

https://www.otcmarkets.com/stock/XERI/financials

John Doe 2024

John Doe 2024 5 days ago

Can't argue that. Track record is trash.

StockItOut

StockItOut 5 days ago

That's exactly it. It's all only "apparently" from Duffy and Xeriant.

Xeriant seems to think its "most viable initiative" is its legal pursuits.

Nexboard appears to be yet another ongoing Xeriant tease, Xeriant yet to deliver on any if it.

StockItOut

StockItOut 5 days ago

Hey, something honest from you.

Some here think most likely, based upon Xeriant's years of non-delivery, along with Xeriant story building PRs that result to not ever deliver, that Nexboard is yet another Xeriant fabrication.

StockItOut

StockItOut 5 days ago

Let's consider: my posts repeatedly discuss and cite facts.

You: create a limited positive narrative based on ignoring multiple glaring facts, where instead you focus on Xeriant press releases that make only unsupported claims. The facts show unsupported claims is Xeriant's modus operandi.

So, with your intent to create a rosy picture, based on unsupported facts, you know your conclusions to be lame. To cover for your unsupported shaky ground FAKE narrative with lame conclusions you resort to slinging insults. You think your barking is the end all, but that further establishes your presence as lame and your Xeriant narrative as unfounded.

Smartypants2

Smartypants2 5 days ago

Once again, you're ignoring the recent developments with NEXBOARD and focusing on efforts that XERI put on hold in order to focus on the most viable initiatives. Also, it appears that their relationship with XERIANT EUROPE soured when XE couldn't deliver on its promises, forcing XERI to fly to Eastern Europe during the pandemic to meet with Movychem.

quester614

quester614 6 days ago

DUH FOOL ME ONCE SHAME ON YOU. FOOL ME TWICE SHAME ON ME. Why believe ANYTHING Duffy and CREW say. That includes YOU.

Xeriant Projects Significant Revenue Through Acquisition of European Operations
December 30, 2020

XERI Nanotech Lubricants Produce Initial Sales
January 13, 2021

XERI Brand Nano-Lubricant Generates Initial Sales in Australia Following Successful Product Test
January 28, 2021

XERI Nano-Lubricants Demonstrate Dramatic Anti-Friction Effect in Initial Automobile Testing
February 03, 2021

Xeriant Publishes Videos of Movychem’s “Green” Fire Protection Abilities
April 27, 2021

Xeriant Completes Critical Pre-Certification Testing of Retacell® Flame Retardant on Synthetic Fabrics
May 26, 2022

Retacell® Composite Panel Developed for Construction Applications
June 08, 2022

Xeriant announces First Major LOI for Retacell®-based Wall Panels and additional Building Materials, with potential value at over $250 Million
September 06, 2022

Xeriant Eyes U.S. Production for NEXBOARD™ in the NY Tri-State Area
March 02, 2023

Xeriant Finalizes Proprietary Manufacturing Process for NEXBOARD™ Green Building Material
July 11, 2023

Delayed Upgrade Clock

Support: 1-888-992-3836 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions