CirTran Corporation (CIRX)

[okwife]

sold 860k @ .0004 next sell is 1m @ .0024 !! let her rip!! go cifrx found money!!! Convertible Debentures



We currently have an amended, restated, and consolidated secured convertible debenture with Tekfine, LLC, an unrelated entity, with a maturity date of April 30, 2027, to the extent not previously converted. The amended debenture had a total outstanding principal balance of $2.4 million, with accrued interest of $1.3 million as of June 30, 2019. We also have a $200,000 convertible debenture with a maturity date of October 20, 2018 and a $25,000 convertible debenture with a maturity date of June 3, 2020, unless earlier converted. Each additional convertible debenture is with Tekfine. The convertible debentures and accrued interest are convertible into shares of our common stock at the lower of $0.10 or the lowest bid price for the 20 trading days prior to conversion. As of the date of this report, we are unable to convert this debenture because we have insufficient authorized but unissued shares to issue upon conversion.

IS IT GOING TO 10 CENTS?