VirTra Inc (VTSI)

[RStevens]

At the bottom of Page 14 of the most recent 10Q outlines their compensation.

Essentially what it reads is that if an Executive resigns, they are paid out triplicate of their annual salary. If a Change of Control occurs, and an Executive is fired for any reason other than cause, then they are paid out quadruple their annual salary. A major deterrent that shows Management is more interested in keeping their jobs, than increasing the wealth of their shareholders. Who here wouldn't love to resign, go get a new job, and get paid out 3x your annual salary from the previous company?!

Their cash compensation is not egregious, but the fact that Ferris gets 100k options every quarter, Burlend gets 75k options every quarter (if you look the change in shares owned between Q1 & Q2, that was literally the only increase in the amount of shares Bob owned for the quarter), shows he is not investing any personal capital in VirTra.

This tight lipped, ultra conservative management style can not continue indefinitely.