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Alot of attention coming, should see a nice move monday, started with about 6,000 reads friday after close, up over 19,000 now.
BMs have doubled as well...
Great news coming, i see update and foward looking statement as of plans of things to come as well as lawsuit update/info.
IMO
IMO i dont see it happening, for atleast 2 years in which during that time frame, i am sure CIRC will make Playboy plenty of money, in which they can save the hassle and just let it continue to flow by extension.
Think of a product let a lone a drink, that has been out in the market for 4+ years and now customers go and buy it and it has a completely different taste... easy way to lose $$$/customers.
Thats why Playboy is being sued, They hired a top notch lawyer, they are gonna go for an injunction to force Playboy to extend the contract due to the breach of contract that forced them to lose business/sales and time.
What if game can go on all day, Clearly CIRC isn't stupid and hired great lawyers and know what they are doing. Hence PLAYBOY getting kicked to the curb. Big name Big business doesnt give you the right to run over the smaller companies.
GOOD LUCK with your What ifs.
lol, if they wanted to dilute they would have started back in APRIL they could have unloaded the rest of the 2.5bil but they havent, your game plan is clear. GL
Judge Joel T. Marker rejected a motion by petitioning creditors, led by the same three creditors who first put Play Beverages into involuntary Chapter 7 bankruptcy in April 2011. The judge’s ruling takes Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.
Based off what i found i would say this would be the one:
not 100% sure, but imo
Civil Section
Richard J. Daley Center
50 West Washington Street
Chicago, Illinois 60602
Smart Investors, Dont take my word for it, look the info up yourself, you will see many posters telling you about this and that but always fail to show you the links/proof of where they are pulling this information. Do some DD and come to your own conclusion.
Enjoy
getting lunch on phone, will post info when i get back home.
Yea, I see a negotiation taken place, if we can get even around ~15MIL in damages. CIRC could easily turn this around BIG TIME..
Pay off some debt, Share buyback, expand/add new drink/flavor
What the Bashers will post:
"Despite its best efforts," Play Beverages acknowledges it failed to meet the minimum net sales required by its licensing agreement.
The italic/bold is what bashers will post, and try to highlight on it but the facts are plain as day, PLAYBOY Failed to Void agreement when they learned about this, instead they were trying to circumvent PlayBev/CBC by doing dealings with others and trying to force them into bankruptcy.
PlayBev/CBC claims PlayBoy knew this, but chose not to declare it in default "because Playboy appreciated that PlayBev had made significant progress in developing the market for the Playboy Energy Drink." Must have rang true since the JUDGE through them out on the steps.
Yea, i agree, I have a feeling that is what it will come to, Playboy doesn't need any more bad PR...
CIRC/PLAY BEV. 1 KO
VS.
Defendant(s) 0 Got knocked Out
COOPERSMITH, RON
ESEBAG, JIMMY
FZE REDI
LEVIN, PAUL
PLAYBOY ENTERPRISES INC
RLC PARTNERS LLC
UNITED LICENSING GROUP
CIRC .0018 Playboy Sued by CIRC/Play BEV. Check it out!! Great entry before court date!
court date jan 3 2013.
Those being sued!
Defendant(s)
COOPERSMITH, RON
ESEBAG, JIMMY
FZE REDI
LEVIN, PAUL
PLAYBOY ENTERPRISES INC (Yes the playboy with the playmates/bunnies in that dirty magazine :)
RLC PARTNERS LLC
UNITED LICENSING GROUP
Play Beverages, LLC, et al. v. Playboy Enterprises, Inc., et al. - In October 2012, our wholly owned subsidiary, CirTran Beverage Corp., and PlayBev joined in filing a lawsuit in Cook County, Illinois, captioned, Play Beverages, LLC, and CirTran Beverage Corp. v. Playboy Enterprises, Inc., et al ., Case No. 2012L012181. In their amended complaint, the plaintiffs allege that Playboy breached, and that all defendants conspired to breach and aided and abetted Playboy’s breach, of the previous product license agreement and interfered with the plaintiffs’ established distributorship network. The plaintiffs seek compensatory and punitive damages, an injunction against termination of the previous product license and continuing interference, and other equitable and ancillary relief. Playboy and the other defendants have not responded to the lawsuit.
More info here
yea, settlement outside of court! bad publicity for playboy they dont need it...
lol done digging for the night, GO CIRC im ready for some zzz and to watch some football games tomorrow!! Enjoy the weekend!!
SAMM=Severely Addicted to Madd Money $$$$
This is money in the bank!
chea boi!!! I love me some Christmas presents!!
GOT EM!! WE HAVE A COURT DATE!!!!
Date: 1/3/2013
Court Time: 0930
Defendant(s)
COOPERSMITH, RON
ESEBAG, JIMMY
FZE REDI
LEVIN, PAUL
PLAYBOY ENTERPRISES INC
RLC PARTNERS LLC
UNITED LICENSING GROUP
Play Beverages, LLC, et al. v. Playboy Enterprises, Inc., et al. - In October 2012, our wholly owned subsidiary, CirTran Beverage Corp., and PlayBev joined in filing a lawsuit in Cook County, Illinois, captioned, Play Beverages, LLC, and CirTran Beverage Corp. v. Playboy Enterprises, Inc., et al ., Case No. 2012L012181. In their amended complaint, the plaintiffs allege that Playboy breached, and that all defendants conspired to breach and aided and abetted Playboy’s breach, of the previous product license agreement and interfered with the plaintiffs’ established distributorship network. The plaintiffs seek compensatory and punitive damages, an injunction against termination of the previous product license and continuing interference, and other equitable and ancillary relief. Playboy and the other defendants have not responded to the lawsuit.
CLICK FOR LINK
Case Information Summary for Case Number
2012-L-012181
Filing Date: 10/25/2012 Case Type: CONTRACT
Division: Law Division District: First Municipal
Ad Damnum: $50001.00 Calendar: J
Party Information
Plaintiff(s) Attorney(s)
PLAY BEVERAGES LLC GRIPPO ELDEN
111 SOUTH WACKER DR
CHICAGO IL, 60606
(312) 704-7700
CIRTRAN BEVERAGE CORP
Date of Service Defendant(s) Attorney(s)
COOPERSMITH RON
ESEBAG JIMMY
FZE REDI
LEVIN PAUL
PLAYBOY ENTERPRISES INC
RLC PARTNERS LLC
UNITED LICENSING GROUP
Case Activity
Activity Date: 10/25/2012 Participant: PLAY BEVERAGES LLC
CONTRACT COMPLAINT FILED (JURY DEMAND)
Court Fee: 567.00
Ad Damnum Amount: 50001.00
Attorney: GRIPPO ELDEN
Activity Date: 10/25/2012 Participant: PLAY BEVERAGES LLC
CASE SET ON STATUS CALL
Date: 1/3/2013
Court Time: 0930
Judge: EGAN, LYNN M.
Activity Date: 10/25/2012 Participant: PLAY BEVERAGES LLC
CASE SET ON INDIVIDUAL CALENDAR
Activity Date: 11/6/2012 Participant: PLAY BEVERAGES LLC
EXHIBITS FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/6/2012 Participant: PLAY BEVERAGES LLC
NOTICE OF MOTION FILED
Date: 11/19/2012
Court Time: 0930
Attorney: GRIPPO ELDEN
Activity Date: 11/6/2012 Participant: PLAY BEVERAGES LLC
PROOF OF SERVICE FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/6/2012 Participant: PLAY BEVERAGES LLC
MOTION FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/6/2012 Participant: PLAY BEVERAGES LLC
MOTION SPINDLED
Date: 11/19/2012
Court Time: 0930
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: PLAY BEVERAGES LLC
EXHIBITS FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: CIRTRAN BEVERAGE C
EXHIBITS FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: PLAY BEVERAGES LLC
AMENDED COMPLAINT FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: CIRTRAN BEVERAGE C
AMENDED COMPLAINT FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: PLAY BEVERAGES LLC
NOTICE OF MOTION FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: CIRTRAN BEVERAGE C
NOTICE OF MOTION FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: PLAY BEVERAGES LLC
MOTION FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: CIRTRAN BEVERAGE C
MOTION FILED
Attorney: GRIPPO ELDEN
Activity Date: 11/9/2012 Participant: PLAY BEVERAGES LLC
AMEND COMPLAINT OR PETITION - ALLOWED -
Judge: EGAN, LYNN M.
Activity Date: 11/14/2012 Participant: PLAY BEVERAGES LLC
EXECUTE OR PERFORM - ALLOWED -
Date: 12/31/2012
Judge: EGAN, LYNN M.
Activity Date: 11/19/2012 Participant: PLAY BEVERAGES LLC
TRANSFER CASE TO PRESIDING JUDGE WITHIN DISTRICT/DIVISION
Judge: EGAN, LYNN M.
Activity Date: 11/20/2012 Participant: PLAY BEVERAGES LLC
ORDER CASE TRANSFERRED FOR TRIAL TO CHANCERY DIVISION
Judge: MADDUX, WILLIAM
Activity Date: 11/27/2012 Participant: PLAYBOY ENTERPRISES INC
SUMMONS SERVED - CORPORATION/COMPANY/BUSINESS
Date: 11/20/2012
Court Fee: 60.00
Microfilm: LD000000000
CIRTRAN BEVERAGE CORP. subsidiary 100% owned by CIRC
As of December 31, 2011, CBC owed PlayBev royalties of $7,187,360 under the manufacturing and distribution agreement, and PlayBev owed CBC $14,780,201 for the repayment of advances, for a net of $7,592,841 due by PlayBev to CBC.
CIRC .0018 great money maker in the weeks to come, calling it a 10 bagger imo.. see below
HUGE LAWSUIT now CIRC can PURSUE!!
U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses
By Business Wire | More Articles | Save For Later
December 7, 2012 | Comments (0)
U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses
SALT LAKE CITY--(BUSINESS WIRE)-- Play Beverages, LLC announced today that the U.S. Bankruptcy Court for the District of Utah has ruled in its favor and vacated its bankruptcy, freeing it to take legal actions to protect the product license granted for its Playboy Energy Drink.
Judge Joel T. Marker rejected a motion by petitioning creditors, led by the same three creditors who first put Play Beverages into involuntary Chapter 7 bankruptcy in April 2011. The judge’s ruling takes Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.
Not just PLAYBOY (yes the one with the playboy bunnies aka playmates) EITHER: Play Beverages and CirTran Beverage Corp. sued Playboy Enterprises International, brokers United Licensing Group and RLC Partners, and distributor Redi FZE in Cook County Court. They also sued individual broker Jimmy Esebag, RLC principal Ron Coopersmith and Redi FZE principal Paul Levin.
News about lawsuit
$$$$$ $MONEYSHOT$$$$$$$
The Bankruptcy Court’s ruling also reject the motion of the U.S. Trustee overseeing the bankruptcy case to convert the case to Chapter 7 or to have it dismissed. If converted, a trustee would have been appointed to liquidate Play Beverage’s business to repay creditors.
The dismissal followed a two-day evidential hearing, with Play Beverages stipulating to an order of dismissal, saying it did not need bankruptcy protection.
“The ruling by Judge Marker to take Play Beverages out of bankruptcy, allowing the resumption of normal business activities, is the end of a nightmare,” said Iehab J. Hawatmeh, CirTran’s president. “Now, after 18 months of seeing every aspect of our business impacted negatively, we can move forward to hopefully regain our momentum and resume growing our beverage business.”
Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation (OTCBB: CIRC) under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world.
lol that was caused by the lawsuit in 2011... do some more research before posting false accusations.
I would look @0.001 and under for a day trade. confused... that looks like a Motive...
HUGE LAWSUIT now WE can PURSUE!! the answer was within the news we got, we all just over read it lol... not knowing of the lawsuit!!
U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses
By Business Wire | More Articles | Save For Later
December 7, 2012 | Comments (0)
U.S. Judge Takes Play Beverages LLC, Debtor to CirTran Beverage Corporation, Out of Bankruptcy, Free to Take Action to Protect Playboy Energy Drink Licenses
SALT LAKE CITY--(BUSINESS WIRE)-- Play Beverages, LLC announced today that the U.S. Bankruptcy Court for the District of Utah has ruled in its favor and vacated its bankruptcy, freeing it to take legal actions to protect the product license granted for its Playboy Energy Drink.
Judge Joel T. Marker rejected a motion by petitioning creditors, led by the same three creditors who first put Play Beverages into involuntary Chapter 7 bankruptcy in April 2011. The judge’s ruling takes Play Beverages out of bankruptcy, enabling it to continue its action in state courts against Playboy Enterprises and others to protect its license to produce and sell Playboy Energy Drink.
Not just PLAYBOY EITHER: Play Beverages and CirTran Beverage Corp. sued Playboy Enterprises International, brokers United Licensing Group and RLC Partners, and distributor Redi FZE in Cook County Court. They also sued individual broker Jimmy Esebag, RLC principal Ron Coopersmith and Redi FZE principal Paul Levin.
above info taken from link here
[/color] $$$$$$$MONEYSHOT$$$$$$$
The Bankruptcy Court’s ruling also reject the motion of the U.S. Trustee overseeing the bankruptcy case to convert the case to Chapter 7 or to have it dismissed. If converted, a trustee would have been appointed to liquidate Play Beverage’s business to repay creditors.
The dismissal followed a two-day evidentiary hearing, with Play Beverages stipulating to an order of dismissal, saying it did not need bankruptcy protection.
“The ruling by Judge Marker to take Play Beverages out of bankruptcy, allowing the resumption of normal business activities, is the end of a nightmare,” said Iehab J. Hawatmeh, CirTran’s president. “Now, after 18 months of seeing every aspect of our business impacted negatively, we can move forward to hopefully regain our momentum and resume growing our beverage business.”
Introduced in 2008, Playboy Energy Drink is manufactured and distributed exclusively by CirTran Beverage Corporation, a wholly owned subsidiary of CirTran Corporation (OTCBB: CIRC) under a product license from Playboy Enterprises to Play Beverages, and is currently available in more than 20 countries around the world.
I cant say 100% for sure, im waiting on some documentation, but i feel the office is closed and may have to wait until monday to recieve it. As soon as i get it i will post it up. Most likely yes, they filed around the 30th so they must of known they were gonna win the bankruptcy b/s.
those 14s only consisted of 365,000 shares... so i dont think he passed on em, didnt get filled. great consolidation at 15-18 levels. going higher.
From what i have watched over the years with alot of penny stocks, it doesnt play to big of a factor until your 2-3 days trading above the 70 marker... then you will have some pull back with consolidation. Penny land is always different when trying to read charts and see whats gonna happen. The random few that 4-5 days in a row, above 70 RSI... Just depends on news/development and MOMO
All in all, IMO were just getting started...
Lol good luck
Distribution cert for China, Hong Kong, & Macau
DISTRIBUTOR CERTIFICATE FOR DISTRIBUTION IN CHINA, HONG KONG, & MACAU
take 7mil do a buy back get roughly 1.4bil+ retired, + .01 cash divy?
take rest of $$ clear debt/development.
Yea, for sure, fresh clean slate, with current structure/distribution in place, and some extra development money and to help expand already massive market distribution... $$$$$
yea, shoot, had i know about this stock back in the day, i would be LOADED to the gills following up. especially if i was heavily invested to begin with!
CIRC 10 Bagger... PLAYBOY SUED by Energy Drink Licensee
check the new DD OUT!!
PLAYBOY Sued article
Check the credentials of they lawyer... He is a fellow of the American College of Trial Lawyers and is listed in Chambers USA: America’s Leading Lawyers for Business (2008-2012). Since 1991, he has been selected for inclusion in The Best Lawyers in America® in the field of first amendment law* and has been selected for inclusion in the Illinois Super Lawyers® lists (2005, 2007-2012). Only five percent of the lawyers in the state are named by Super Lawyers.
[url]
www.foley.com/michael-m-conway/[/url][tag]More Credentials[/tag]
Whats crazy awesome is that hasn't even been PR'd... Maybe we can get an idea of figures/out of court settlement negotiations...
$$$$$$ Great article to read... was written oct 29 2012, (and saw no flux in stock price during that time.)
:) :) :) :) all the way to the BANK$$$$$
Yea, for sure... cant sleep so started reading up on it... looking better and better the more i dig...
link to add to the board, whoever is updating,
Playboy Sued by Energy Drink Licensee
Someone Posted the info, just didnt see a link (more proof)
Linked info below:
CHICAGO (CN) - Playboy wrongfully severed a licensing agreement with the company that makes and sells the Playboy Energy Drink and tried to cut it out of the distribution network, Play Beverages and its distributor claim in court.
Play Beverages and CirTran Beverage Corp. sued Playboy Enterprises International, brokers United Licensing Group and RLC Partners, and distributor Redi FZE in Cook County Court. They also sued individual broker Jimmy Esebag, RLC principal Ron Coopersmith and Redi FZE principal Paul Levin.
In 2006, Playboy allegedly granted Play Beverages (referred to as "PlayBev" in the complaint) the right to manufacture and sell the Playboy Energy Drink. A year later, Play Beverages struck a distribution deal with CirTran.
"During the last four years, PlayBev and CirTran have successfully grown the network to a point where they have launched the product into more than 30 countries and have obtained distributors for more than 80 countries," the lawsuit states. "Last year, PlayBev and CirTran sold more than a half million cases of the Playboy Energy Drink worldwide."
The companies say Playboy knew that some of the distribution agreements extended beyond the initial five-year license term, and that Playboy "represented to prospective distributors that PlayBev's license was in good standing."
"Despite its best efforts," Play Beverages acknowledges it failed to meet the minimum net sales required by its licensing agreement. It claims PlayBoy knew this, but chose not to declare it in default "because Playboy appreciated that PlayBev had made significant progress in developing the market for the Playboy Energy Drink."
It claims Playboy's vice president of global licensing represented that minimum net sales "would never be an issue from Playboy's perspective as long as PlayBev continued to develop its territory and expand its distribution network."
But when a new management team took over at Playboy last spring, Playboy almost immediately began searching for a replacement licensee, the beverage companies claim.
"Playboy began working with Mr. Jimmy Esebag and Mr. Ron Coopersmith during the spring of 2011 in order to cut PlayBev out of the energy drink distribution network," according to the lawsuit.
"Playboy did not disclose to PlayBev that it had entered into negotiations with alternative licensees, and did not disclose to PlayBev that its brokers were attempting to secure an alternative licensee. To the contrary, Playboy actually encouraged PlayBev to invest additional funds and resources into its distribution network in order to better position itself for the next license renewal period," the complaint states.
"Playboy was simultaneously asking PlayBev to make an additional royalty payment of approximately $1.8 million, even though Playboy planned to declare PlayBev in default once one of Mr. Esebag's alternative licensee placed its sufficient funds into escrow to demonstrate its commitment to the proposed deal."
Playboy started negotiating with Redi FZE while Play Beverages was still under contract, despite the contract's non-circumvention provisions and against the advice of Redi FZE's counsel, Play Beverages claims.
"Playboy also began working closely with Redi FZE, in order to assist that distributor in breaching its distribution contract," the complaint states.
On July 14, Playboy allegedly notified distributors that it Play Beverages had defaulted on its licensing agreement, and that Playboy was in the process of terminating it.
"Playboy's communication was unsolicited and intended to disrupt the distributor network by creating unnecessary concern and uncertainty among the distributors," Play Beverages claims.
The plaintiffs seek an injunction barring Playboy from terminating the license agreement, and unspecified damages for breach of contract, breach of good faith, tortious interference and promissory estoppel.
They are represented by Michael Conway with Grippo & Elden in Chicago.
yea, easily... haha and i was just following some great momo this morning. didnt know the whole story :) glad i got in.
Looks like after doing some calculations, i would say the range of 9mil-20mil in damages/loss of sales. (conservatively)
we got one of the best!!
Mr. Conway has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system. He is a fellow of the American College of Trial Lawyers and is listed in Chambers USA: America’s Leading Lawyers for Business (2008-2012). Since 1991, he has been selected for inclusion in The Best Lawyers in America® in the field of first amendment law* and has been selected for inclusion in the Illinois Super Lawyers® lists (2005, 2007-2012). Only five percent of the lawyers in the state are named by Super Lawyers.
Some of Mike Conway's credentials... More Credentials here
Practice Description:
Mike Conway's practice focuses on commercial litigation matters, encompassing a wide variety of substantive areas ranging from patent and intellectual property to antitrust. Mr. Conway's recent case load includes a trial victory in a shareholder derivative action, commercial fraud and breach of contract litigation involving a $1.6 billion supply agreement and the ongoing defense of financial institutions in several class action lawsuits.
In addition to his commercial litigation practice, Mr. Conway has an active sports law and employment practice. He has handled grievance arbitrations, salary arbitrations and licensing and antitrust litigation for the NHL Players' Association. Among Mr. Conway's victories for the NHLPA is the highest salary arbitration award on record. Mr. Conway also represented WGN in two antitrust trials against the NBA stemming from the NBA's efforts to block WGN from telecasting Chicago Bulls games. Mr. Conway won an arbitration victory in a nationally publicized retaliatory discharge case involving the U.S. Women's soccer team.
Mr. Conway has practiced and participated in trials in state and federal courts across the country. In addition, he has extensive experience in arbitrations before the American Arbitration Association and independent arbitrators, as well as administrative proceedings before the National Labor Relations Board.
Mr. Conway has been recognized as an Illinois Leading Lawyer and Super Lawyer, two lists of top business litigators generated from surveys of Illinois attorneys.
You make me laugh, this stock is so bad, and yet your here, saying how terrible it is, with no motive at all what a upstanding citizen to save me from the doom of pinkies!!
GO CIRC
(as the momo puts his bid in at .0014)
Still retail, this started at .0006 just people trying to sell all at once instead of profit taking on the way up/attempt to make people like you think its dumping to make them shake down so they can get more. (not once have they been bought.)
same idiot, bringing it down scare tactic.