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rut2k9

11/18/16 11:12 PM

#33018 RE: Sparklefarkle #33017

For example a high tech company supplying components to HP or Boeing or Tesla or Shell Oil, get the drift?



Why would one of these companies go public using Cirtran's shell, with the awful capital structure and debt?

There are better, cleaner shells out there.

And if these companies are truly growing fast with these great customers, they can go public through more traditional means, like an IPO, without any of Iehab's baggage.

This is really, really a stretch. We've moved from "silly" to "absurd" now.

MFlores

11/19/16 2:05 AM

#33019 RE: Sparklefarkle #33017

Regardless of the lawsuit outcome? Mr. Iehab owes $7,000,000. Playbev is bankrupt if the lawsuit is sustained (which is likely). Without the drink, Cirtran has no other source of revenue. None.

Cirtran owns what manufacturing? Mr. Iehab sold the electronics equipment (read the 10k's). Mr. Iehab stated that the focus was on the beverage with higher margins (in otherwords, he could not be profitable in the electronics business).

Mr. Iehab has not made a profit ever (check the history if you do not believe me). Does not matter what the product. Mr. Iehab = More Losses.