CirTran Corporation (CIRX)

[OTC_Pink_Picks]

Look at the potential massive dilution with this already bloated 2B O/S piggy

NOTE 10 - STOCK OPTIONS AND WARRANTS

Stock Option Plans - As of September 30, 2012, options to purchase a total of 146,800,000 shares of common stock had been issued from the 2012 Stock Option Plan, out of which a maximum of 403,000,000 can be issued. The Company’s Board of Directors administers the plans and has discretion in determining the employees, directors, independent contractors, and advisors who receive awards, the type of awards (stock, incentive stock options, nonqualified stock options, or share purchase rights) granted, and the term, vesting, and exercise prices.

During the nine months ended September 30, 2012, the Company issued to consultants five-year options to purchase 72,200,000 shares of common stock, exercisable at $0.0001. These shares were exercised during the nine-month period. The fair market value of the options aggregated $55,411, using the following assumptions: five- year term, volatility of between 167.01% and 419.61%, and a discount rate of between 0.04% and 0.10%.

------------------------------


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8944261