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"Talking" is always easier than "doing", in case you haven't noticed. And that's all there will ever be from this bunch: talk.
You're beset by lysdexia, perhaps ?
Shouldn't your Point #5
1) un-gag the TA
2) become SEC reporting (whether on the Pinks or OTC) Ferris was correct in saying that the MMs of many OTC companies have stopped quoting on OTC which trigger the company to automatically get listed on Pinksheets where it's cheaper for MMs to operate (IMSC for example) Those companies still file with the SEC and remain SEC compliant.
3) have all quarterly and annual reports audited
4) appoint independent board of directors to pre-comply with nasdaq requirement
5) keep on moving the company forward
6) announce a R/S with a simultaneous nasdaq uplisting
be Point #1 ?
If you had your priorities straight, of course.
Fair or not, like it or not, in today's virtual world......
perceptions are reality.
And that unfortunately includes "perceptions" about things such as a stock's relative price.
99% of the human race has the IQ of a squirrel and the attention span of a gnat, and that unfortunately includes people who sign P.O.'s for millions of dollars of product and are being influenced in their purchase decisions by exogenous factors completely un-related to the quality or suitability of the product they're purchasing.
As they say in the circus, "Play to the grandstand!"
It's 99% a news-driven stock. No news, no trading; simple as that.
I had to deal with exactly that sort of nonsense in the I.T. world when I was buying and IBM was competing against other vendors for my I.T budget's dollars.
IBM single-handedly spawned the acronym "FUD" - Fear, Uncertainty, and Doubt - in the 1960's when they wiped the I.T. floor with 5 other mainframe competitors, several of whom had much better products than IBM's.
The saying back then was "Nobody ever got fired for buying IBM."
You bet I had to be on my game when I was in the CEO's office up against as many as a dozen G/d LIARS - oops, I mean "sales representatives" all wearing "IBM" pins in their G/d pin-striped lapels.
And guess what ? NOTHING HAS CHANGED !
Bottom line: "They" want this badly, so figure they're going to put as much lipstick on this pig as they possibly can in the days between now and the Meeting Date.
And use that to your advantange, if you deem it desirable.
"How could a competitor use their stock price against them?"
You've apparently never had to be in business against some desperate competitor willing to resort to any sort of aspersion to disparage you.
We take you now to the Office of the Purchasing Manager of any large metropolitan Police Department:
Competitor: " Aw, c'mon. Sure, VirTra's simulator is 100 times better than ours, but their stock is only $.08! You're gonna tell Hizzoner The Mayor you're buying a product from a company whose stock is only $.08 ? Yeah, yeah, I know.. we've been all over that, their product makes ours look like Pong from 1976, but c'mon, their stock is only $.08. You want to train your men on a product from a company whose stock is only $.08, even though they'll get better, more realistic training on VirTra ? Are you crazy ? "
You like being Reverse Split Roadkill, eh ? Hey, Party On, 'Sparky !
"Reverse Split Inevitable"
Foregone conclusion; the only remaining question being "how big?" or maybe a better way to put it, "how bad?"
I'll say 100,000-into-1
Anybody else ?
It's having the desired effect right now; i.e. scaring out the less-than-ten-thousand-share lot holders. That's why you're seeing all those small share trades going through.
Why < 10,000 shares, you ask ? Because 10,000 / 100 is ... 100 and less than 100 is an "odd lot" and even in this day and age people don't like to hold "odd lots".
If the R/S does get approved - at whatever ratio - there won't be any meaningful price drop. Why ? Because, as pointed out already, VirTra is a real company with a real business. There'll be plenty of price support at $7, $8, $9 ... wherever and at whatever the price starts after the Reverse. Some people here need to hit themselves over the head enough times that it finally sinks in this is not the usual R/S done just to crank up the Share Blizzard Machine again. It's being done for the right reasons but in the wrong way.
Great, they'll get to be the laughingstock of Mexico, as well. The Mexicans would probably enjoy some free entertainment and something to laugh at, given their problems back home.
There doesn't seem to be any end to the stupidity of this "company". Scheduling this demo on April 1st and then trying to make a light-hearted joke of that fact is an invitation to absolute disaster if anything - and I mean ANYTHING - goes wrong.
They'll be the laughingstock of Arizona and rightfully so. This armour will never see the real world, anyway, for all the reasons previously discussed and hopefully don't need to be again.
Only one thing to do then, right, 'Weo ? Sell every share 'ya own on the open tomorrow. Make it a "market order", that way you'll be sure to get filled.
That's right, 'kurt.... sort of like the sign on the wall in the local tavern....
"Free beer...... TOMORROW !"
It's entirely possible this was a carefully planned "Trial Balloon" for the express purpose of seeing what sort of response it would elicit from the Shareholder community.
I've seen this movie before, it just now struck me what I was watching.
If they're watching, I hope they're paying attention.
The Perps always engineer some wash sales and ratio trades about this time of day to butter up the NewBOBs* for the blowtorch.
Then, the HypaPumpADumpAScamARamaShareBlizzardMachine gets cranked up to Redline RPM, the bids get pulled and another load of NewBOBs* is left wondering "What happened?"
*NewBOBs = New Bunch Of Bagholders
You're making the mistake of expecting the worst because that's what usually happens with a R/S.
But how many times do I have to repeat this ?
This is not - repeat, not not not not not not not not not not not not not not not not not not not not the "usual" R/S company or situation.
A 100-into-1 is TOO MUCH ! Right now, 40-into-1 would suffice and the float would still be SO SMALL there would be PLENTY of support for the price, if the Company keeps hitting them out of the park the way it is right now.
Well, the good news already is that all the "scared shares" seem to be bailing en masse on the open. After they're finishing barf'ing, we'll get a read on the real direction. I think... up.
"who or what will convince the investment community to not punish the PPS? "
Well, that's the easy part, 'Felix. This is, remember, a real company with a real product and real - indeed, enthusiastic - customers, and real prospects.
We've all been burned by R/S's; once burned, twice shy.
Nothing will change with any of the aforementioned once the R/S is effected.
Nothing !
It'll still be debt free. It'll still have GM and LM and whatever else is in the pipeline we don't know about. They aren't hiring all those people just to have a body count.
The only thing wrong with this picture is the size of the R/S ratio. That's all ! And if they're the least bit receptive to the input of Shareholders, they'll listen to us and reconsider that faux pas .
And, if they won't listen, then they need to be whacked upside the head with a Proxy 2x4 that has "NO!" painted on it in the biggest letters possible, meaning "NO!" to EVERYTHING ON THE PROXY !
They're doing the right thing at the right time, 'Felix, they're just using a howitzer to kill a mouse when it isn't necessary.
Somebody has given them some incredibly bad advice on the ratio of the split.
If they can be dissuaded from that 100-into-1, the rest all makes sense.
Not in your pocket; out voting "No!", and not just "No!" but "He11, NO!"
I really don't have a problem with the split, per se, or any of the other proposals. Just the ratio of the R/S; but I'm going to vote it all down because they need to understand in no uncertain terms just how badly they've been misled and ill-advised about the sizing of the split ratio.
Due to the mechanics of a Reverse Split of this size, leaving as small a Float and Outstanding as will be left, this could...................... also be some sort of ploy to induce a short-squeeze.
Tomorrow will be "interesting".
@lawyerboy: Tell them "25-into-1" MAX ! They can amend the Proxy with minimal effort if they care to do so.
No defence from me on this one, if true. A 25-into-1 would be more than adequate to achieve the intent sought.
100-into-1 will make the float too thin, and the price too volatile. They'll realise this quickly enough, of course, and a forward split will be not far behind the R/S to correct that.
The only good news here is that this will be one of the few successful R/S's.
No, I only listen to the conclusions at which my mind arrives after having processed the sensory inputs of my eyes and my ears.
In other words, I think for myself, not have it done for me by some babbling idiot on a radio show. Thanks for your concern, though.
City sale ! Henderson NV
http://finance.yahoo.com/news/VirTra-Systems-Firearms-iw-2449400540.html?x=0&.v=1
Seems quite "clear" to anyone with adequate reading comprehension skills. It was merely an observation about how the mind of a forger would work in a given situation.
When and as enough forensic evidence is obtained to unequivocally and incontrovertibly establish forgery, then and only then will any accusations be made. And they won't be from me, of course, they'll be from the appropriate regulatory authorities and law enforcement agencies.
As the U.S. devolves ever quicker into a banana republic-style police state, there are those who would argue that a citizenry better-armed and better-trained than the police who will be harassing them, oppressing them, and - yes - even murdering them might not be such a bad thing.
Love the way they timed that, right on the close; Monday morning is going to be Shortageddon
Won't ever be going to 0,01 in your lifetime or mine, 'kurt, without a Reverse Split of some kind. Sorry if that doesn't suit your expectations, but it is what it is, which is just another Whiz-Bang Pump_And_Dump penny scam some Perps play with every once in a while.
Any half-skilled forger is always going to add elements to a document that will enhance the aura of authenticity and, thus, create the illusion of validity.
So throwing in some mention of "Preferred Shares" with some out-of-the-hat number will certainly fool a few. Hopefully, only a few and thankfully that appears to be the case, given the further attrition in the share price as it collapses to its true intrinsic value of Zero.
Ok... still on track for a 7-1-2011 closing. Very responsible of them to keep us updated.
Now... the $64 Question: who's the shell ? Would be useful and advantageoue to know . There will undoubtedly be sudden, mysterious volume of The Lucky Serendipitite during the last week of June, because "somebody" always "knows". But there should be clues beforehand.
Informed suspicions and wild-eyed SWAGs both welcome.
Everything GSRE or any of their SockPuppets have ever presented has turned out to be a verifiable lie. So why should there be any surprise over forged documents? But it does convey a real sense of the desperation that must be rampant there in the "Instant Mogul Office Suite" there on the North Dallas Tollway BoilerRoom GoldCoast, luckily right next to the fast-getaway Addison Airport, but unfortunately there won't be enough time to load the rent-by-the-hour Lambos and Ferraris to take with them to their waiting no-extradition haciendas in Sunny South America.
Especially now that it's crashed into the Trip-Zeros and ready to collapse to the final Trip-Zero-One ignominy.
It's always been a scam; it always will be. Next question that shouldn't need asking, but will be anyway ?
Next news will do it; this is spring-loaded right now, just needs something to bump the trip-wire.
Usually the signature of some "black box" trader whose algorithm thought it had spotted something it could take advantage of.