CirTran Corporation (CIRX)

[mike306oh]

"...the banking which seems to be out to put them in a lowly position"

Can't agree more. I see Cirtran came up with yet another SEC filling for yet another $1.5MM, this time with Cornell (rather than its Bermuda arm, as in Dec. 20's). Otherwise, the same conditions apply. Cornell can convert at the lowest PPS (over a period of 20 days). This is how they make the money. They (somehow) force the price drop to the level they are willing to pay, then they re-sell the shares at a higher price. This is the most perverse way of shorting the stock.

Today news (adding an additional $22MM to the already booked $80MM last year) are good news. But, IMO, this stock will go where it belongs only after they get rid of the poisonous Cornell financing, and significantly reduce the OS. Why in the world can't Citran find an alternate to Cornell financing it's beyond me.

Mike