CirTran Corporation (CIRX)

[mike306oh]

Yes, the company has accumulated deficit (and we all knew about it), but look at the bright side. Because of it, for the next several Q-s no taxes are due, which for sure will bring the net income (EPS) substantially higher. For now, important is that for the first time in CIRT's history the company has posted a positive EPS (more precise EBIDTA - which in this case is the same as EPS as no taxes are due), and positive shareholders equity.

The (i) already signed contracts of $60MM (out of which last Q only counts for some 5%), and (ii) the Asia connection for sure will bust the revenue, and net revenue (EPS) quite a bit over the next few Q's. Another good thing (that I didn't know about) is that the OS is only some 450MM (about the same as MOBL). Over the RB MB, some bad guy was spreading the word that it was close to 600MM. With increase net income, there will be no need for additional dilution, which is good.

Just finished reading the 10-Q SEC release, and I'm quite pleased with it (even compared with the not long ago 10-K release). This company is a must keep as, IMO, it will do very well in the near future.

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001010924%252D05...

Mike