CirTran Corporation (CIRX)

[Pure_Greatness]

The Hon. Kathleen M. Pantle dismissed all claims brought by Playboy against CirTran Corporation, and personally against CirTran President Iehab J. Hawatmeh and fellow senior executive Fadi Nora. Judge Pantel’s ruling focused on Playboy’s inability to plead facts sufficient to state a claim against these parties under Illinois law. She allowed Playboy the opportunity to file an amended complaint if Playboy can honestly assert facts that would allow Playboy to pierce the corporate veil.

The Judge's ruling is all that matters and so far PB doesn't have a leg to stand on. So whatever evidence the Judge allows PB will not leave untouched. As far as accounting practices I don't think Iehab wants to piss off the longs that have stood with him this long I really don't think it would be in his best interest. Besides all one has to do is look at how he has rewarded shareholders in the past when times were good. He hasn't done a RS yet so only time will tell how he will treat shareholders but I don't think he wants any of the longs pissed off IMO.