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Tuesday, June 18, 2013 10:48:04 AM
From the Cirtran10-K:
“We continue to have the right, subject to the consent of YA Global, to pay all or any portion of the payments listed above in common stock, with the conversion price to be used to determine the number of shares being equal to the lowest closing bid price of our common stock during the 20 trading days prior to the payment date. “
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