Replies to post #19523 on CirTran Corporation (CIRX)

[MFlores]

Interestingly they forgot to mention that the validity of the license remains in dispute.

As recently as April 20, 2013, the Company stated the following in its 10K:

PlayBev reached a settlement with Playboy that would have provided for a new license, conditioned on bankruptcy court approval of PlayBev’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 the plan was abandoned and the settlement agreement and the new Playboy license did not become effective.

On December 6, 2012, the bankruptcy proceeding of PlayBev was dismissed, freeing PlayBev and, in turn, us to pursue our beverage distribution business without court supervision. However, the validity of the license from Playboy under which we conduct these activities remains in dispute.

Playboy has sought to terminate PlayBev’s license to market Playboy-licensed energy drinks and has fought vigorously to obtain a judicial determination that the current license has been breached and is no longer in effect. We cannot assure that Playboy’s current aggressive pursuit of such a judicial determination in our pending Illinois litigation will not continue.

If the Playboy licensing dispute is not resolved satisfactorily to us through a negotiated settlement or the recently filed litigation, PlayBev would be required to terminate its beverage distribution activities, which are currently the principal source of our revenues. Such termination may require us to cease our activities and seek protection from creditors.

[Mcamp21]

Worries me a little. The very end of the article, it says "I" would approach with extreme caution

[MONEYMADE]

,,,,,,,IN A NUTSHELL...ITS A PONZI SITE ENLISTED TO PUMP THE ENERGY DRINK THROUGH A MLM PYRAMID SCHEME RUN BY BLUE BIRD...IS EXACTLY WHAT IT STATES. THE GIFT THAT KEEPS GIVING

“DON'T MISS OUT! CLICK HERE TO REGISTER NOW” http://purenrgfx.com/

HERE IS THE COMMISSIONS SCHEME:

The PureNRG FX Compensation Plan

PureNRG FX offer affiliates a primarily recruitment orientated compensation plan, offering retail and matrix based bonuses and commissions.


Retail Commissions

When PureNRG FX affiliates sell Playboy energy drink to retail customers, the company pays out what appears to be a flat-rate $15 commission.

I’m not 100% sure on this so I’m including the PureNRG FX retail commission diagram below, taken from the company’s compensation plan material:

retail-commission-chart-pureNRG-fx

If I’m reading the correctly, $15 is paid out on each order with $10 (BV) going into the matrix residual commissions. I have no idea what the “Total” figures are on the bottom or how they are calculated.


Recruitment Commissions

PureNRG FX affiliates are paid a commission on the recruitment of new affiliates, paid out down three levels of recruitment.

Affiliates personally recruited fall on level 1, affiliates recruited by level 1 affiliates fall on level 2 and affiliates recruited by level 2 affiliates fall on level 3.

How much of a recruitment commission is paid out depends on which membership option a new affiliate signs up for and what level of recruitment they are on relative to the affiliate qualifying for the commission:

Starter ($99) – $25 on level 1, $15 on level 2 and $10 on level 3

Super ($159) – $50 on level 1, $25 on level 2 and $15 on level 3

Platinum Club ($1500 annually) – $250 on level 1, $150 on level 2 and $100 on level 3


Matrix Commissions

Residual commissions in PureNRG FX are paid out using a 3×9 matrix. A 3×9 matrix places an affiliate at the top of the matrix with 3 legs directly under them (level 1):

SOURCE:
http://behindmlm.com/companies/purenrg-fx-review-a-playboy-branded-energy-drink/

[MONEYMADE]

,,,,,,,MORE ON THE SCAM PONZI SITE: BLUEBIRD AKA http://purenrgfx.com/


Is Your Upline Lousy?

READ ALL ABOUT THEM AT THIS WATCHDOG SITE:
http://www.mlmwatchdog.com/MLM_Watch_SCAM_LIST.html

WEIRD...SURELY THE CEO HAD TO KNOW????????????????????

[stressfreeliving]

Thanks for sharing the link JustStartingOut.

:)