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By then, the stock will no longer be trading and it won't be relevant.
And if they lose, as I think they will, or it is further delayed, it's game over for all shareholders. The stock is worthless and impossible to sell.
It will take another 9 months to get filings caught up and more on than $100k. The law suit decision on march 28/29 is number 1 priority. A favorable decision there could mean a reason to accelerate filings. Finding new products and new partners who want to have Publically traded presence are the next steps. It is a big hole but not impossible. The rewards will be huge if we get there.
The lawsuit wouldn't prevent them from filing their 10Qs and 10Ks. They haven't had the money to pay an auditor, that won't change, and 10 days won't be enough for a satisfactory answer. They are YEARS behind.
Cirtran still has 10 days to explain the issue that they have been tied up in court for an extended period of time. This may force all parties, including the judge to get it over with. IMO
This is what happens when you follow the advice to "just hang on", dealing with delay after delay and loss after loss. No company can survive forever without a business, without revenues (let alone profits), without a business plan, without leadership, and without filing its quarterly financials. The clock has (finally) struck midnight.
CIRC SEC Suspension for severely delinquent Financials / Filings:
https://www.sec.gov/litigation/suspensions/2017/34-80144.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-80144-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-80145.pdf
Yes and that's all you need to know, beware March 29!
Any positive news today
To do nothing but suggest "potential" positive results, and not include the most likely scenario, is flat-out misleading propaganda at its best.
Good idea - let's just wait to hear the next public news releases. I am all in if you are.
I would appreciate it if you would continue to keep the board updated on happenings with CIRC since you seem to have a lot of insight into what is going on.
SF I appreciate all your info. I prefer to be positive than being negative. I would like to hear good news for a change it has been a long time.
I am done Bantering back and forth with Mflores. Since no one else seems to care , I will let any of you to post new research or news worthy to Cirtran.
The more likely scenario is that the Judge will uphold the jury verdict over which he presided.
The judge has the power to vacate the verdict and award a judgement in favor of Cirtran Bev and Playbeverage, so a mistrial and retrial is not the only possibility??
We are days away from a judges decision on mistrial
Lot of activity on Wednesday. Today may be a decision day of some sort
I'm gonna hold till I'm told the stock is in the Grey and needs to be dump for tax purposes.
It's likely over, but you might as well ride the wave at this point even if the wave is long over. No point in selling now.
Mr. Iehab and his accomplice Fadi Nora appealed the Playsafe vs United Medical Devices and lost each one of the multiple appeals. So much for confidence.
"The judgment is affirmed. The postjudgment order adding Iehab Hawatmeh and Fadi Nora as additional judgment debtors is affirmed."
Cirtran attorneys knew that a reasonable jury would find in favor of Cirtran and the jury did not. So obviously, the attorneys have been wrong before.
Our attorneys know this trial was one sided in favor of playboy and know an appeal court will overrule the existing judges rulings but in good faith are giving Him an opportunity to recognize his fails. Our attorneys are loaded for bear. And hopefully Friday we will get a positive signal.
Don't forget that Cirtran investors YAGLOBAL have a lot to lose and are probably kicking in.
....Sparklefarkle... maybe?
Much of Cirtran's short-term liabilities were related party short-term notes. Probably they are footing the bill because if they don't they have no chance of getting their money out.
Perhaps the attorneys are working for minimal fees with the arrangement that they will get 50% of any settlement.
So how is Iehab paying for the legal fees? Out of his own pocket or from the Cirtran coffers from when they were selling stock?
The Company is not selling stock - if so, the Company would have to file that they are doing so.
Mr. Iehab is not selling stock - if so, he would have to file that he is selling - and he has not filed anything (unless he is selling his own stock and not filing required paperwork).
Does anyone know how Mr Iehab is paying for all of these legal costs? It would seem to me that the money brought in from selling stock would have been used up by now.
Mr. Iehab has nothing else so of course he is going to fight tooth and nail because he as no other options.
Everyone knows the appeal process - that is nothing new
The facts are the facts, and a respectable Judge or group of Judges will see through Mr. Iehab's bs, just like in the Playsafe vs United Medical Devices case. These two cases, in which Mr. Iehab lost both on all counts, clearly show what kind of character Mr. Iehab possesses.
Mr. Iehab cannot accept that he does not know how to manage. So he sues to try to get what he could not earn.
So if this judge does not issue a mistrial I know Iehab from many years ago that he will not stop here. He is like a dog on a bone. He will take it to the appellate court and have a jury of judges rule on his decisions which will certainly rule in our favor. Read my lips............, this is not over. I told you that when we got the ruling in favor of playboy when others on this board said it was final.
What do you think?
Loss from Operations
2016 ?
2015 ?
2014 ?
2013 (1,015,316)
2012 (375,813)
2011 (7,043,410)
2010 (1,015,316)
2009 (5,814,653)
2008 (3,911,212)
2007 (7,232,524)
2006 (2,854,369)
2005 (527,708)
2004 (658,322)
2003 (2,910,978)
2002 (2,149,810)
2001 (2,933,084)
2000 (2,791,888)
1999 (3,768,905)
Pure speculation, just like before the jury trial.
Of course the case is going to be taken under advisement. The Judge has to determine if there is evidence for a mistrial. Doubt it. The facts were presented. The facts remain the same. Mr. Iehab did not perform. The license ended. Mr. Iehab violated the license. Mr. Iehab lost, just like in the PlaySafe vs United Medical devices. Mr Iehab owes big time.
From the last report back in 2014, Cirtran had more than $21 million in CURRENT liabilities - current bills that need to be paid.
There are no new products. Flat irons, grills, exercise equipment? There is nothing.
You have had your day, and lost.
i invested in 2 energy drink companies, this one Cirtran and RMH. The latter got me a Supercharger finally for my Mustang! Now, awaiting on news from Cirtran to buy a clutch to support the power! its not too much to ask! All i need is the pps to rise 1 digit! :)
And your vulgarity explains your ignorance.
Thanks SF. I've waited this long what's a little longer gonna hurt.
Right again Mflores, way to go! Have you been going to the courthouse?
New info to surface in next 2 weeks from court docket regarding the mistrial. All this blabbering is old news. I will let you know Friday morning after Thursday court date. It may continue to The following week Feb 2. I expect to hear this case is taken under advisement. If we can get it turned around and win a settlement , maybe not $25 million but enough to make Cirtram a going concern, announce new products, I will have my day. Remember it is not the critic who counts but the man who stands in their arena whose face is marred by those who are those cold and timid soles who neither victory or defeat but most the obvious after the fact. Gooday, Chicago Center!
Don't be fooled by playboys injunction and Cirtran value. This is just the continuation of the jury verdict about to get overturned, if I am reading the tea leaves correctly.
And your vulgarity explains your ignorance.
Agreed. The press release is not clear and seems to be a waste of time.
The statement "In the injunction order, the Court agreed with the jury's findings....." Is this a new court order or simply old news of the original injunction based on the original jury verdicts?
What matters is the judge's decision as to whether there is a mistrial. Doubt there will be - given the facts - but that decision is what matters.
The October court ruling is what is on the record. That ruling remains in effect until some other ruling is made relieving the injunction. So if there is no court order for mistrial or an appeal overrules the jury verdict, then the injunction stands-forever. The judge can not relieve the current injunction because of deliberations that are now ongoing as to mistrial. My reading of this press release is that the injunction stands for the time being, but it says nothing about the current deliberations on the potential of mistrial or appeal. If there is mistrial, the injunction will be relieved, at least temporarily. IMO
Well your wrong again
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