Monday, April 17, 2017 10:11:46 PM
You are also very wrong about Las Vegas. It will open. The owner of Modern Round can either pony up more money himself or raise it externally and I am sure this has already happened. And yes, the result might be to dilute VirTra's stake a bit but I would argue that is ok. And dilution might not be allowed due to the leverage.
There are also some pretty promising signs with Modern Round if you read the 10k. I also believe the most promising sign is that they were/are smart enough to study and tweak what is happening in Peoria so as to improve results at the upcoming new locations. In other words they are being very cautious in their rollout. But it is proceeding.
My only point is that it isn't all gloom and doom though if Mod Round stock was freely traded I would not be a buyer.
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