Replies to post #30908 on CirTran Corporation (CIRX)

[rut2k9]

Insiders have to report shares they are selling. There is no evidence the insiders are selling. The company is simply using the shares to pay bills.

You clearly don't understand.

Insiders may not be selling. They don't need to. They earn ridiculous salaries. The CEO earned total cash compensation of $518,029 in 2013. That's more than 1/7th of the total revenue of this company with no profits. He doesn't want any stock. The stock is worthless, and becoming increasingly worthless every day. He wants half a million in cash. Every. Single. Year.

So, to do this, to cover his salary, and those of his family and friends who also draw salaries, the company issues new shares (diluting your shares) and sells them, at a discount, with warrant coverage that further dilutes your shares.

Now, they have realized they have too many shares out, and too low a share price, but they want/need to issue more, so they are going to do a reverse split, screwing you directly, so they can issue more shares, and keep paying themselves an absurd salary.

Ask your self this: what has the CEO done to earn a $50,000 salary? Let alone one 10 times that large.

The answer is not one damn thing.