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No way any merger is happening - no financial benefit to any major player. They could care less about an additional product - they already have their established products. No upside for them - only for CIRC and anyone looking at CIRC will know to stay away.
From day one CIRC has had no distribution and as a result never met required sales targets. No wonder Playboy went looking for a better situation. CIRC never has delivered. Never will.
Cirtran his little chance of being anything but irrelevant - no distribution channel.
Distribution channel
Red Bull Red Bull
Monster Coca Cola / Anhesuer-Busch
Rockstar Pepsi
AMP Pepsi
NOS Coca Cola
Full Throttle Coca Cola
Not likely ... keep dreamin.
Cirtran has already squandered millions of dollars trying to market a well-recognized brand. Little chance Cirtran will be successful without one.
Who wins when CIRC loses the rabbit head trademark?
CIRC could not market the product with the playboy trademark. They certainly will not be able to do it without it. They have no distribution.
Mr. Iehab will squander any funds like he has in the past. ABS, Playboy, etc.
If the trademark license agreement is terminated, is it still a win?
This could easily end up similar to the Starbucks Kraft dispute.
Both the Board and YAG would be in favor of increasing the number of available shares. YAG wants to get paid in shares at such low prices and the Board wants to be able to have shares available for option exercises. It is likely the two own a majority of the outstanding shares. It would not matter what the rest want.
YAG and the Board of Directors (12% of shares) likely hold 50%+ of the shares outstanding so a favorable vote would be likely.
Good catch - my bad.
CIRC has issued 20% more shares than it has available, so it needs to authorize more shares. Simply means dilution.
"During 2013, royalty expense related to Playboy Enterprises was $0. In 2013, expenses were recorded as incurred. "
Looks like there is no trademark agreement in place, since CIRC is not paying royalties to Playboy.
LOL " ... running leaner and more efficiently with better bottom line outcome." CIRC had losses from operations of ($1,015,316) in 2013 as compared to losses from operations in 2012 of ($375,813). The operations are not more efficient - the cost of sales dollars and percent increased in 2013. That is not a sign of being more efficient. Only because of the settlement of debt was CIRC able to report any net income. Less debt is good but is not a sign of the business operations being more efficient. Less sales and more costs in 2013 than 2012. Not a good sign.
Loss from real operations was ($1,015,316) as compared to ($375,813) in 2012. Only the settlement of debt created net income in 2013.
Still no real distribution network.
Cash and earnings keep a pps sustainable for more than a few months. Without it, well - just look at CIRC.
Why do you think Circ is dragging the issuance of the 10K?
MOD - can you sticky post my message please - it is important for investors to know the real story about this company.
Losses Cash Used
2007 $(4,801,900) $(4,260,618)
2008 (4,205,916) (4,594,742)
2009 (4,342,761) (485,406)
2010 (2,972,488) (688,240)
2011 (7,043,410) (320,115)
2012 (1,787,643) (165,897)
Like in Dec 2012 any run up will be short lived since this stock is not sustainable - there is no domestic distribution. Still do not know if the rabbit head trademark will stay. Mr. Iehab will squander any and all settlement funds. YAG and MM's will make the money.
Why hasn't the 10k hit? With supposedly such great news why wait?
The 2013 10K is late, which was due April 15th. Not talking about the 10Q. Not the same thing.
The 10Q for 2014 is due 45 days after the quarter end, with 5 days additional if it cannot be filed on time. Circ never files on time.
B. Attacks, verbally or otherwise, any other user, the website, any non-public figure, or any agents or employees of iHub;
C. Victimizes, harasses, degrades, or intimidates an individual or group of individuals on the basis of religion, gender, sexual orientation, race, ethnicity, age, or disability;
Stop doing the above and you will will not get restricted.
You are right - my pop up blocker was blocking it. Circ information shows up now.
Sparky - what should we expect next?
OTCBB Symbol Directory and Company Contact Information
No Match Found
No match found for 'Cirtran'
from: https://www.otcbb.com
Settlement with no trademark - not much good in my opinion.
go to https://www.otcbb.com Type in CIRC for the symbol. What comes up? Nothing.
OTCmarkets.com still only lists it as OTC Pink Limited Information. Not sure how long it take to add the "E". CIRC is not listed on the OTCBB.com
Facts - same losers
LOS ANGELES, May 2, 2013 /PRNewswire/ -- This past Monday April 29th, a Santa Monica jury returned a unanimous verdict in favor of United Medical Devices and against Playsafe, LLC. United Medical Devices had retained Playsafe as a distributor for brand condoms in various territories around the world, including among others the Middle East, Eastern Europe, Russia, the Ukraine, Australia, and New Zealand.
After an unproductive year, during which Playsafe achieved no sales to a single consumer, United Medical Devices terminated Playsafe's contract. Playsafe sued for breach of contract and fraud, seeking $10.5 million in damages. United Medical Devices also sued Playsafe, seeking $700,000 due under the contract.
Following a two-week trial, the jury found 12 to 0 against Playsafe on all its claims and awarded United Medical Devices the full $700,000 sought on its claim. United Medical Devices' principal Jimmy Esebag expressed his gratitude for the verdict: "Justice prevailed. The jury clearly saw through the story concocted by Playsafe's principals Iehab Hawatmeh and Fadi Nora. For this we are grateful."
Iehab Hawatmeh serves as the Chairman, President & CEO and Fadi Nora is a board member of CirTran Corporation.
United Medical Devices will seek its attorneys' fees, which should push the judgment to over $1 million.
More facts
"E" Added To Stock Ticker Symbol
When a company that trades on the Nasdaq Stock Market or the Over-the-Counter Bulletin Board (OTCBB) falls behind in its reporting obligations with the SEC, the letter "E" is appended at the end of the company's stock ticker symbol. New York Stock Exchange-listed companies that are late in filing required reports to the SEC have the initials "LF" added to the end of their stock ticker symbol.
Markets have different approaches to companies that don't file required reports in a timely manner, or that file incomplete reports. For instance, on the OTCBB, after the "E" is added, the company is given a "grace period" to submit a complete report, typically 30 calendar days for U.S. companies and 60 calendar days for most U.S. banks and non-U.S. companies. If the company files complete required reports during the grace period, the "E" will be removed; if it does not, the company's stock symbol will be removed from trading on the OTCBB.
Just read the SEC filings. That is where the information is found. However, you do not want to read the filings because you do not want to know the facts and reality.
Royalty expense going down while sales go up? Makes no sense.
Beverage Sales Royalty Expense
2007 $- $ (93,104)
2008 1,500,713 (827,813)
2009 1,784,028 (745,121)
2010 7,712,492 (2,257,582)
2011 2,943,921 (2,142,765)
2012 4,177,624 (614,721)
2013 ytd $2,623,204 $(37,494)
No wonder PB wants to get rid of Circ.
Here are some facts:
Losses Cash Used
2007 $(4,801,900) $(4,260,618)
2008 (4,205,916) (4,594,742)
2009 (4,342,761) (485,406)
2010 (2,972,488) (688,240)
2011 (7,043,410) (320,115)
2012 (1,787,643) (165,897)
Look at my posts - based on SEC filings, facts and reality. If you do not want facts and reality, that is your problem.
Still watching .....
Court filings my *ss. CIRC pissed away millions of dollars long before court filings. Read the filings. It is all about no distribution and lack of management skills. No wonder Playboy wanted to go elsewhere - CIRC was not meeting minimum sales targets. That had nothing to do with court filings.
Circ is small time. Look at it's history. Look at it's CEO. 6 employees? This company does not have what it takes to compete in the big leagues. No distribution in the US. None.
2013 Estimates Distribution channel
$3.4 Billion Red Bull Red Bull
$3.1 Billion Monster Coca Cola / Anhesuer-Busch
$821 Million Rockstar Pepsi
$239 Million AMP Pepsi
$274 Million NOS Coca Cola
$104 Million Full Throttle Coca Cola
Circ is the ball boy wanting to play so badly but just is out of its league.
Whatever funds Circ gets will be squandered, just like always.
In 40 countries - how many countries have repeat sales? Only a hand full each year. Looks like it is generally one and done.
No distribution in the US - the key market.
What reasonable Judge will award $500 million to a company which in it's peak of promotion has does less that $10 million a year? CIRC has developed no distribution network to merit anything close to such an award.
What is taking so long?