Replies to post #30459 on CirTran Corporation (CIRX)

[Pure_Greatness]

Thanks it would be nice if you did make an appt.

He needs to be held accountable I'm getting sick of the bs. There is no excuse in this day and age. People can believe what they want but explain to me why he can be out having a nice time and not interact with shareholders? I wonder who paid for the hookah?

Iehab we see you.....


Put the hookah down and interact with your SHAREHOLDERS before you have none. IMO

[MFlores]

Katana is not owned by Cirtran.

From the 2013 10K:

In an effort to operate more efficiently and focus resources on higher margin areas of the Company's business, on March 5, 2010, the Company and Katana Electronics, LLC, a Utah limited liability company ("Katana"), entered into certain agreements (collectively, the "Agreements") to reduce the Company's costs. The Agreements include an Assignment and Assumption Agreement, an Equipment Lease, and a Sublease Agreement relating to the Company's property. Pursuant to the terms of the Sublease, the Company agreed to sublease a certain portion of the Company's premises to Katana, consisting of the warehouse and office space used as of the close of business on March 4, 2010. The term of the Sublease was for two months with automatic renewal periods of one month each. The base rent under the Sublease is $8,500 per month. The Sublease contains normal and customary use restrictions, indemnification rights and obligations, default provisions, and termination rights. Under the Agreements signed, the Company continues to have rights to operate as a contract manufacturer in the future in the U.S. and offshore. On July 1, 2011, Katana had assumed the full lease payment, and the Company agreed to pay Katana $5,000 per month for the use of office space and utilities. The Company had no Sublease income for the years ended December 31, 2013 and 2012. The Company recorded a rent expense of $55,000 and $60,000 for the year ended December 31, 2013 and 2012, respectively.

If the Companies were related the 10K would have to disclose such a relationship and would disclose such a situation as being consolidated in the numbers, which appears not to be the case.

In looking online at the Utah Business license website, the registered Agent for Katana Electronics is: Shaher Hawatmeh, the former COO.

The 2010 10K states:

"Mr. Shaher Hawatmeh resigned from the position of Chief Operating Officer of the Company on March 5, 2010."

Katana has taken over the lease of the building and Cirtran rents "office space" from Katana for the 3 full time employees. So apparently, Cirtran has no operations at that location.

When you have your meeting with Mr. Iehab, having him show you Cirtran's "office" space.