That was a good question the host asked. Why is Ferris incapable of saying anything smart? It was a great question but a big fat softball that he should have whacked.

Just say….”Several years from now we expect to be a company with a robust Military business, a thriving LE business and a rapidly expanding training business. It is expected that each will be of similar size and growing rapidly. I will have failed as CEO if we are not ramping up and over $300million at that time.”

Or even the truth….”Sometimes we grow at 20% per year, sometimes at 5%, so 3 years from now we should be close to $30million in sales.”

What a clown show.

They literally CANT schedule the annual meeting now because it would require them to list the day, time, and place. One of those is apparently a problem.

Listen to the video at about the 10minutes mark. Bob explains perfectly why he should be removed as CEO. Crystal clear. It explains everything. He cannot fathom why customers and politicians are not flocking to VirTra like moths to flames!!!!!! Unreal.

He still has that “if we build it they will come mentality”. Sit back, wait for the phone to ring.

Meanwhile Axon is crisscrossing the country with 3 semi trucks doing demos everywhere and selling $100mil plus of simulators and training every quarter.

Please reread what I posted. I did not bash anything. I think VTSI is a great stock over the next 6 to 12 months. I do not think that over the long term, 5+ years, that they can compete with Axon.

Thank You!

One of THREE Axon semi-trailer trucks rolled into Green Bay yesterday for all day demos for police and media. De-escalation this and de-escalation that. It is a multi-million dollar rolling sales demo. Hi end everything. They blew away the PD and media and everyone else with their headsets. Can you imagine THREE of these criss-crossing the country! Well done Axon.

VirTra is being out worked and out-sold. Axon is SELLING product, establishing relationships, developing the brand. By the way, they also have non-headset products that compete DIRECTLY with VirTra.

This is not all bad, brings awareness to the market and helps VirTra's feeble efforts. VirTra still small enough that a few Axon crumbs can feed them. But long term (5 years), VirTra is dead.

Where do you see the $24.5mil number?

Certainly a good point regarding WRAP. But WRAP is valued that way due to the near certainty that Acon buys them at some point. CEOs are bros!

You sell, I buy.
Let’s check the score on Christmas Day.

Maybe it’s time we believe what Ferris actually says and does, not what he implys or teases.

He said they did the 18mil direct offering because they could, because there was an opportunity to do it (the direct offering). Simple as that.

Does anyone here honestly believe Ferris would significantly dilute himself if they were on the cusp of a big military thing? Not a chance I say.

Of course a “savvy” lawyer would ask or suggest…..”Shouldn’t the company have known it was likely or even common practice for the receiver of the information to act on it?”
It’s an interesting topic.

Not that I care anymore. Other than a very tiny position I am now out of the stock!

Not quite correct bborden. What is illegal/wrong is to trade or invest based on insider knowledge. Any company can tell anyone or any entity whatever they want. Generally No crime in that. However, if the receiver of that insider info makes trades or invests based even in part on that info then that is the crime.

There are exceptions and caveats to the above and arguments to be made but the overall gist of the above is more right than wrong.

Think about it this way. A company interacts with many outside entities each day in the normal course of business. Quoting, working to define orders, shipping, logistics, customer development, penning PRs,vendor quotes, and on and on. Many of these interactions involve insider info. The company has done nothing wrong.

Big winner is the CEO. We now have zero hope for an activist. All the shares are distributed.

In my opinion it is very simple. I believe they new in advance that the direct offering was coming. That is the only thing that mattered. They new a day or two or more ahead of time. They also knew they would be buying 1mil shares at $6. And they knew the hour it would happen. That knowledge alone provided the opportunity to spike the shares, short 1mil or more at $10. They knew that worse case they could cover at $6. They did better! Covered at sub $5. Then sold all their shares at $7 and $8. All just my idiotic opinion of course.

Sabby is savvy. Likely made over $10 per share in only a few months.

Hopefully he is asked about the annual meeting.

Making hay today and lots of it. See you in the 50s in a couple days.

For now, sell near term covered calls. Wash, rinse, repeat.

They are grossly undervalued and company is now in top tier condition. Will hold for another year or two.

Bought a lot more last week:)

Makin money today!
Based on the just reported quarter there is hope! They got a good shot.

It is nice to have the institutional support that prevented and prevents the free fall that is justified. It tells you exactly to what degree VirTra sold its souls to the likes of Roth, Lakestreet, Maxim. For them to ask the softball questions tells you all you need to know. Wall Street is still plenty slimy.

In private though I bet there are some pretty big really ticked off shareholders.

Well said! Cigars for you and Crown Royal Vanilla for me.

I just dialed in and listened to the replay. If you haven’t heard, please do yourself a favor and DO NOT listen to it. It is disgusting and nauseating. All Ferris does for half the call is look backwards while simultaneously using both arms to Pat himself on the back. I puked twice.

He has zero grasp of how to sell product. Does not even understand his customers much less shareholders. I think tomorrow I dump the rest and buy a camry.

Actually I will keep my shares. He does imply Q3 and Q4 will be really strong. But who the F knows what that means.

Bought my first shares in 2009 and kept on buying for many years. I have made enough money on the stock but they have so underperformed relative to their potential that it is almost a crime to have owned for as long as I have.

I still have too many shares, of course right now even 100 is too many.
If Bob was fired and a real CEO hired this would triple in 3 seconds.

I did you one better, I sold a few shares at 8.40 in the last 3min of the day and a few more after hours at 8.10 and 8.15.
Still sucks though.

We are all kicked in the reared yet again by the master chef.
Lemons from lemonade.
Underperformance quarter after quarter, year after year.

If Q2 isn’t over $10mil, Q3 will be. Just my guess.

My expectations for today’s Q2 release are high. Perhaps the best I have ever felt just ahead of a report. BUT I have also been disappointed so many times by Ferris that I almost expect him to turn a slam dunk into a clanker off the rim.

Of more interest will be the stocks reaction. And of even more interest will be when that reaction happens. Remember after Q1 report and cc? The stock did nothing in that after hours session. It was the next morning when the powers that be decided to spike it.

There are many more eyes on it now and some deeper pockets. So again, I will remain optimistic until Ferris serves the lemons.

My attempt at humor failed miserably, my apologies to all.
24 hours from now should prove interesting!

I am not on redit

I suggest you pick up your phone and call a couple VirTra board members. I assure you that if you do so you will agree that the BOD is at the absolute rock freaking bottom. Phone numbers for several are publicly available. I have spoken to three over the last couple years. After each “conversation” I wanted to kill myself.

They are all hands off, took zero ownership, and could not fathom why a shareholder was asking them questions and was so pissed off.

The funniest call I had was with COO Burlend. I cold called him via the main VirTra number. Simply called and asked for Matt Burlend. I was pretty pissed off at the time and was likely a bit unprofessional. He said little, same as if you meet him in person.

Greene was another. He has an accounting business in Phoenix. That call pissed me off the most. He was just flabbergasted a shareholder had called him. Had zero grasp or knowledge of anything having to do with VirTra.

My guess is concern that COVID will slow or stall operations.
But I’m pretty clueless about these sort of stocks

This board is sorta fun now but we shouldn’t become too jaded. There is still a decent chance VTSI stock blows up, way up in the very near future. This week, next week, or within a couple months. I will not say it will necessarily be for the right reasons, but who cares.

Hey relax man…”if someone wants to buy our product they will give us a call.”

I am tickled pink to have added shares below $7. Unreal. Book value holding firm and big rate increases to be felt soon.

Have you looked at the revenue growth over the last 5 or 6 years?
Have you looked at the erratic Eps numbers over same time?
Should we talk about Gander Mtn, Modern Rnd?
How about directors that own about zero shares?
And COOs that own none?
How about a sales force incapable of selling product?
Then there is the CEO who has no experience hiring top talent or even knowing what talent is available?
And a CEO who directs Manny the laundry guy to try to talk shareholders out of their shares?

Look, stuff happens, people screw up, it happens. CEO Ferris is fundamentally a decent CEO for a tiny company but the problem is that he does not know what he does not know. His record at VirTra over the trailing decade is also poor as judged by growth.

I truly believe he and VirTra could benefit GREATLY by a top tier and active BOD. But he is too insecure to have a great BOD. Current BOD does not even have performance objectives or deliverables for the CEO.

The stock is still worth owning though due to who now owns 2+ million shares AND because WRAP might take them (VirTra) out in hostile fashion. It is being discussed….by me!

This has become a big position for me. I absolutely love it at this multi-decade low price. Well run, financially solid, Book value over $15. Buy now, hold for a couple years. Easy.

Had they insisted on a seat they would not have gotten the shares.

5 of us had over 1.2mil shares a couple years ago but even back then we all couldn’t get on the same page.