Replies to post #32807 on CirTran Corporation (CIRX)

[MFlores]

Definitely applicable

Cirtran’s 2013 10K states:
“Playbev reached a settlement with Playboy that would have provided for a new license conditioned on bankruptcy court approval of PlaybBev’s reorganization plan, PlayBev’s payment of $2.0 million to Playboy, and other provisions, but PlayBev was unable to obtain the funding needed to pay Playboy the initial amount or otherwise implement the reorganization plan, so that plan was abandoned and the settlement agreement and the new Playboy license did not become effective.”

As upheld in PlaySafe vs UMD, "when there is no existing enforceable contract, a cause of action for tortious interference with contractual relations will not lie."