CirTran Corporation (CIRX)

[MFlores]

Authorized shares = 4.5 Billion

What is important is the number of shares that are authorized. In the Sep 2012 10-Q the authorized number of shares was listed as 4.5 billion, with 1.95B issued and outstanding.

This is significant because it allows Cirtran to continue to issue shares as needed up to the 4.5 billion authorized limit. So if Cirtran needs to pay YAG with shares because it has no cash, there are sufficient authorized shares to do so. YAG knows that.

That is a problem.