The other important point is they saw no need to issue preferred stock which has priority over common stock in distribution of assets, for example in bankruptcy.
Other point is they could use the new treasury stock to buy other businesses that could grow Cirtran Corporation that might find it beneficial to be traded publically.
We are at a cusp of a new era for Cirtran that may not be dependent on playbev. The favorable court outcome could go a long way in strengthening the balance sheet.
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