VirTra Inc (VTSI)

[fishhunter]

Awesome post Gregg and very helpful. At this point I really don't see the capital raise as being difficult or any type of hurdle to overcome. I think they said $5mil min and $10mil max. At $3, that is only 1.66mil to 3.33mil shares and the company balance sheet and book value will improve by that amount.

I also do not believe the capital raise will necessarily happen either prior-to or in-parallel to the Nasdaq listing. In other words, I believe the capital raise might never happen or might happen weeks or months AFTER VTSI begins trading on Nasdaq.

The vibe I got during the recent shareholder meeting is that the company does not want to be issuing shares at $2 or $3 or even $4/share but would prefer that if they must do it that it happens at a higher price. But maybe that is me just hearing what I wanted to hear.

Of course the counter argument to what I just outlined is that NO ONE who has been "pitched to" by Hayden and Ferris have bought any significant number of shares. What are they waiting for? Perhaps the secondary at a lower price? I sure hope that is not the case and I think Ferris tried to assure all of us that this wasn't the case when he used the words "open market buy" during the formal portion of the shareholder meeting during the Q&A. But again, just might be wishful thinking on my part.

I know that during the post-mtg lunch at Mod Round several of us definitely voiced our thoughts regarding what we would think of being undercut while we have been so supportive of and loyal to the company for a decade.