CirTran Corporation (CIRX)

[mike306oh]

Re: "Report within the next week or will Cirt file for an extension?"

Speedracer,

Last year they had the 3-rd Q filled on 11-22, one week after the NT was filled. Yes, indeed, CIRT has a history of late fillings, so they might late this time as well.

This is not a short-term play in my books. It would take a while for any significant up movement, IMO.

Let's see:

1. Last 2 Q's results:

30-Jun-05 31-Mar-05
Total Revenue 4,309 2,920
Cost of Revenue 2,392 1,950
Net Income 466 (202)

http://finance.yahoo.com/q/is?s=CIRT.OB

2. We already know the 3-rd Q revenue will be about the same as the 2-nd Q. This hould move the PPS, but not by much, IMO. It all depends on the trend of the net revenue.

"Iehab J. Hawatmeh, founder, president and CEO of CirTran, said his company projects sales of approximately $4,300,000 for the third quarter of fiscal 2005, an increase of more than $1.7 million, or approximately 64% over the $2,626,770 for the same period in fiscal 2004."

3. The long-term trend looks much better:

"For the nine months ended September 30, he said CirTran expects to report revenues of approximately $11,500,000, an increase of approximately $6,300,000, or some 120%, over the same period a year ago."

4. Once the China production (they yet need probably to set it up) starts showing more of the already contracted $80MM, then the revenue (net revenue), and along with it the PPS should start gain significant strength, IMO.

"CirTran generated more than $80 million in new business and is about to close more, becoming recognized as a significant new player in the manufacturing of products for the sold-on-TV/direct response marketplace."

5. My take on CIRT:

Per above, to me this is a good long-term bet. I still accumulate in the deeps, and hope to be rewarded sometimes starting with the next Q.

PS: You folks should also take a look at GDVI (another good long-term bet), and VFIN. Check them out!

Mike