If you read the most recent 2014 filing, the stated par value is $.001. The notice for a recommended reverse split states the par value to be at $.001. The per unit par-value is not impacted or changed with the reverse-split since Cirtran has determined to keep the $.001 the same.
Par value is an arbitrarily determined number that means the stock will not be issued lower than that price. It is not the same as the market price or the actual issue price. The par value is only a portion of the total share price.
The total market price of shares is impacted by the reverse-split.
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