CirTran Corporation (CIRX)

[MFlores]

Hopeful for a reasonable judge and jury that will recognize – what Cirtran has already acknowledged – that the contract ended when Playbev did not meet the stated requirements following bankruptcy.

Cirtran’s 2013 10K states: “Playbev reached a settlement with Playboy that would have provided for a new license conditioned on bankruptcy court approval of PlaybBev’s reorganization plan, PlayBev’s payment of $2.0 million to Playboy, and other provisions, but PlayBev was unable to obtain the funding needed to pay Playboy the initial amount or otherwise implement the reorganization plan, so that plan was abandoned and the settlement agreement and the new Playboy license did not become effective.”