Below is some email correspondence I recently had with The Miller Group. Please take it for what it's worth and probably look at it as light reading. Start reading from the bottom and work your way to the top.
I respect your request and opinion.
You have the press release and 2013 audited results.
The company posted a record year, etc.
VrTra has stated numerous times in previous press releases that sales orders which turn into deliveries/booked revenue affects quarters up or down depending on timing.
The best measurement of VirTra in my opinion regarding the company's progress at its current size is annual Year End Results, though quarters are certainly important.
THE MILLER GROUP did an 18,000 email campaign using the year end press release of our firms confidential list plus VirTra shareholders ...we have built this list over many years and it is constantly updated comprised of high net worth individuals we have worked with, small cap institutions, retail stockbrokers,market makers and shareholders in a number of our various private investments we are and have been involved with as advisor/investor.
Miller is also investors,lenders/advisors to a fast growing cutting edge private digital media company certified by Google and Yahoo as a digital NEWS organization. Legal Broadcast Network through Sequence Media Group.
So we understand that space and SEO/social media.
If you look at MILLER's website you will see were early stage investors and advisors in Scottsdale , AZ based NJOY, which is now one of the top E-Cig Vapor company's in the world.
Though the company is not public at this time however according to the New York Times article the in Feb.2014, investors invested $70 mil at a BIllion $ valuation.
We have maintained a substantial shareholder position in this company.
Also we introduced management
to a key investor who came to the recent LV show to see the company's training simulators.
Your comment concerning VirTra's technology is becoming obsolete
Is not accurate from my perspective.
Virtra has a long term contract with an international customer over a number of years who required more than VirTra's standard product line technology, the company is not at liberty due to contractual obligations to make comments about the contract.
Regarding losing sight of NASDAQ,
VirTa doesn't qualify currently and the company commented publicly the board is not going to file to become a public reporting company with the SEC at this time.
You want something to Chew on.
Winning contracts, making Sales presentations,pricing, driving the product and technology is the Key at this moment in my opinion!
Also I will recommend the company beef up their website with additional information for you to chew on and see if we can get some additional articles about the company and its cutting edge products out on the web more frequently.
You know when you can't get more than 25% of the shareholders to even vote to be able to get a quorum for an annual meeting and only 6 people show up.. is out of the company's control. Very disappointing.
I always respect the rights of shareholders, this is America. NO one makes a person buy,sell or hold a stock. We all choose to do what we want.
I still believe in the company and its technology but you have to produce the RESULTS bottom line.
Rudy
NOTICE: This message and any attachments hereto are intended only for the use of the addressees named above and may be privileged. If you are not the intended recipient please immediately notify the sender. In addition, you are hereby notified not to disseminate, copy or take any action in reliance thereon and to delete this E-mail message from your computer system.
-----Original Message-----
From:
Date: Fri, 20 Jun 2014 00:11:47
To: Rudy Miller<rmiller@themillergroup.net>
Cc: Bob Ferris<bferris@virtra.com>; Matt Burlend<mburlend@virtra.com>; Mark Skidmore<mskidmore@virtra.com>; Kristina Caylor<kcaylor@themillergroup.net>
Subject: Re: How's VirTra?
It's not necessarily that we already know Virtra will continue to provide investors with audited financials and stuff, but I'm sure you and Bob are aware of a number of concerned shareholders who want to see periodic updates and more visibility.
I understand certain transactions are confidential, but investors still need to know the company is strong...especially a company as small and volatile as VirTra. They need something to chew on. They also need to know they have not been forgotten. This side of the coin is NOT happening. I'm not asking you to hype the stock to inflate the price, but to give investors a fair chance to invest. How can Virtra attract more investors when there is nothing to read other than a really negative message board on iHub. Is that where you want potential investors to go for information? A letter from Bob to the shareholders would be of benefit.
As far as the investors are concerned, they think VirTra has lost sight of the Nasdaq. They also feel sales are drying up and Virtra's technology is becoming obsolete. Is this true? How can you help investors regain their confidence?
Thanks
Sent from my iPhone
On Jun 19, 2014, at 4:56 PM, Rudy Miller <rmiller@themillergroup.net> wrote:
The company does press releases when it has material news that it is permitted to make public. Of course, VirTra is pursuing numerous opportunities, worldwide in scope, at any given period of time.
There are various lead times from customer selection of VirTra to transaction completion. In some cases the sales cycle is less than a year in other situations it can be 2-3 years before consummation of a contract.
The number one objective is to build the REVENUE and PROFIT base. The company has excellent products, it needs to grow larger and continue to build its current base of customers along with its growth in the international marketplace. Also, realize even with excellent products it doesn't mean the company will win every single contract in their market.
The burden is on the company and management to accomplish this objective. Last year as you know the company posted a record revenue year of approximately $10 million in revenue which is a good step in the process, but the market is much larger than that with many opportunities to grow.
All the press releases in the world won't change the FACTS regarding the essentials of revenue and profit. The company understands its obligation to shareholders, and the best way to serve their interests is to focus on growing the fundamental value of the company, we will continue providing certified audits, quarterly reports and material news events as they occur and can be reported.
Rudy
NOTICE: This message and any attachments hereto are intended only for the use of the addressees named above and may be privileged. If you are not the intended recipient please immediately notify the sender. In addition, you are hereby notified not to disseminate, copy or take any action in reliance thereon and to delete this E-mail message from your computer system.
-----Original Message-----
Sent: Wednesday, June 18, 2014 11:14 PM
To: Rudy Miller
Cc: Bob Ferris; Matt Burlend; Mark Skidmore; Kristina Caylor
Subject: Re: How's VirTra?
Rudy,
I could really use some information to chew on. Can you tell me if a pr is scheduled out soon or even a letter from the pres to bolster up the shareholders. Help me understand why VirTra is so quiet and doesn't communicate to its shareholders. It's rough.
I just heard Meggitt won a very large simulation contract that I was hoping VirTra would play a part in. That's depressing as well.
Please convince me why I should remain invested in this company.
Thanks
