CirTran Corporation (CIRX)

[NASCOW]

CIRC Funding and paying th bills have mostly relied upon th selling of free-trading common stock. Usually a co that depends on this type of unpredictable, unreliable source of funding to generate the operating cash to pay th bills runs into trouble before achieving profitability.. What shareholders should be leery of from this point on is th probability that CIRC might decide to resort to th well known sub penny excuse to find financing, a R/S ...so that they can say they need to solicit legitimate institutional investors who have the deep pockets and patience to ensure a stable, sufficient supply of operating capital …. Legitimate Institutional investors will not invest in companies with sub-penny stock prices and billions of shares of stock outstanding or authorized

PlayBev worked subsequently as debtor-in-possession to propose and confirm a plan of reorganization based on a new license agreement with Playboy that was to become effective as part of a court- and creditor-approved plan of reorganization, subject to obtaining requisite financing. In addition, CBC entered into agreements with PlayBev to resolve intercompany advances, settle claims, and transfer CBC’s beverage distribution assets to PlayBev. CBC was to receive equity and an ongoing share of revenues from the reorganized debtor. Since the required court and creditor approvals and financing were not obtained, none of the foregoing agreements became effective.”