Monday, May 06, 2013 3:24:01 PM
Cirtran has lost money each and every year for more than 10 years under the current CEO's leadership. If it was not for the closely held board of directors and his poison pill severance package, he should not be the CEO.
Playboy does not want to be associated with Playbev/Cirtran. Playboy might have messed up and could possibly have to settle but unlikely Playboy will continue license with Playbev. Cirtran did not meet required sales objectives.
So even though Cirtran might get some cash, with no Playboy license, Cirtran has no business operations.
No business operations, no Company.
A possible short-term settlement play; long term = only losses.
Recent CIRX News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:11:02 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:37:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:12:01 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 06:47:40 PM
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