Paul

Here is the balance sheet - quarterly and yearly. Read them for yourself and make your own conclusion:

http://finance.yahoo.com/q/bs?s=VTSI.OB

http://finance.yahoo.com/q/bs?s=VTSI.OB&annual

Resolving the debt has to be a priority or the alternatives you state would need to be considered. Current Assets $302K and Current Liabilities $9,846K - which is why they are in default of the debts referenced in their SEC filings

Negative Net Worth ($9.3M)
Retained Earnings (14.4M)- the amount of losses since business inception

What do you think?

Bill

I agree - the company has a big debt hole to dig out and large, profitable contracts are the only way to resolve the situation. Profitability is more likely in 2005 assuming the contracts and the company needs company friendly funding (not shylocks like Dutchess) to turn this ship around. IMHO

Sir

I agree - as we have discussed before resolving the debt will mean dilution but improving the balance sheet and positive cash flow will be a very positive step.

Price predictions as of 12/31 I see so far are:

Sir Felix $.65
Bylo $.25
Paul P $.29
Gemmerling $1.00
Charlie2 $.50

Be well

George

It was organized by a poster in mid Sept

http://www.investorshub.com/boards/read_msg.asp?message_id=4029427

Thanks for the spellcheck

George

Lighten up - I don't work for the CIA or the SEC. I was just looking for the Alias names here and their prediction for 12/31 not the names on the certs - lol

Shareprice on 12/31 is relevent as it is usually better for the price line to go higher...don'tcha think?

George

I replied to a message from you on a public board. Private message???? What are you talking about????

So what was your prediction?

GB

Where are they?

12/31 Predictions

On 9/14 the price was $.35 and the board was asked to provide price predictions for 12/31. Now on 10/25 the price is still $.35

My prediction on 9/14 was a range of $.25 to $.50 and a 12/31 price of $.25 due to end of year tax selling.

Greg's prediction was $1.00
Sir Felix - David's was $.65

What are other predictions - please go on record so in a couple months we can see who was closer.

Headnorth, Weo, Weeble, Troutworld, Billpr, Grryhound, Paul P, Balcknight, Georgebrennet, Ceres, Domen, Robotech, and others let's hear from you

Greg

Are you on record that the company will be profitable in Q4 based on your conversations with Kelly? Are you still confident on $1 share price by 12/31.

Take care

Bill

$1M in sales for Q4 will not bring profitability in Q4 based on the current debt service.

It's 10/25 and the expectation from Kelly in August was a settlement on the lease debt would be by 9/30????

Any update?

Weo

You must have your life savings in this penny stock

LMAO at you!

Another possible seller?

The US Financial Network charges each client $10,000 in cash for news distribution may have an equity position of up to 4.9% in the companies mentioned herein and may buy or sell the stock any time.

David

You said: "And even worse, they are releasing news about it with VTSI's name all over it! Jesus, one or both of these loser promoters needs to be fired over this mess. How is this good business? How does this help Virtra's stock price? It makes Virtra look like a cheap, pumped stock, instead of a successful, money-making company that it is."

Successful, money-making company??? I have not seen a profitable qtr yet....

Guilt by association - you are measured by the company you keep. Unfortunately issues like this scare away the new investors the company is attempting to attract.

Take care

David

It is called "pump and dump" - they put out the releases and emails for their gain. As they say looking out for #1. Outfits like Subway and Dutchess are in the business to make $ and you have to chew through their stock before the PPS will rise and stay there IMHO. They are not in the business to lose $ and have no patience as many here request and have their hand on the sell trigger to get their $ on news and increases in the PPS.

Keep in mind their cost is their promotion service cost - email, faxes etc as the stock is their payment for the service.

Dutchess provides funding and gets discounted shares so their cost basis is low.

All IMHO

Take care

Russ

In one word - Dutchess

Weo

Sales are always good news...load up the wagons.

Buy Buy Buy

Paul

Discussions for some reason are not part of this board. If you are not a pom pom waiver, say Kelly is god and willing to continue to have patience then they try to run you off the board.

Paraphrasing here ....Kelly is going to restructure the debt in the best intersest of the shareholders. Well what do you think he is going to say he is going to do? Have Greg, Weeeble and Weo pass the Koolaid so we all can have blind faith - lol

I was reviewing the posts today and someone said wait another 2 years? Nice strategy - lol

Charlie

Where are all the press releases? Where are the announcements about revenue? I guess the gunpowder got wet.

The quarter ends tomorrow as we all know. If the company had news they would release it.

IMHO silence is not golden for a public company.

Everyone got excited about being added to the GSA order list. From I interpreted their application to the GSA was approved which my guess is any company can apply - no indication orders were forthcoming just would shorten the order process for orders under $1M if they came.

As John Wayne would say sure is quiet out there - too quiet - lol

Take care

Yo Weo

Another master of a post - you really are a frustrated person. Oh yeah you bring alot of value - what are you Greg's - Luca Brasi. LMAO

Spice

As I have said before with low volume - thinly traded stocks -it is very difficult to sell a large position without affecting the price downward.

Greg

Let it go man - you were the one who posted the press release dated 9/17 and made the statment. All knowing one???? I wish -

Defensive as usual...

Greg

I think you are delusional...lol

Other posters agreed with my assessment and were kind in their replies. The press release was true - "most" companies they follow are liquid - VTSI just doesn't happen to be one of them. I just think it is criminal that they play on words to mislead potential investors and lump VTSI an OTCBB company with with 3 NYSE companies.

Take care

Greg

You posted it "to liven up the board"? No your post is below and made the statement "VTSI - One of Wall Steet's most liquid companies..." obviously incorrect.

Just to set the record straight Mr Rather...

My guess is they still have some shares to sell or are still under contract or else they would not have put out the release IMHO.

Your post:

VTSI - One of Wall Street's most liquid companies...

VisiTrade" Network Offers Trading For Mattel, May Stores, MBIA, VirTra Systems
Friday , September 17, 2004 00:31 ET
Sep 17, 2004 (financialwire.net via COMTEX) -- (FinancialWire) VisiTrade", a unique mechanism to enable individual and institutional traders alike to buy or sell any sized blocs of stock anytime, 24 hours a day, for a single transaction fee, regardless of volume or price, has debuted at http://www.visitrade.net.

Equities traded through VisiTrade, Ltd. include those of most of Wall Street's most liquid companies, including Mattel (NYSE: MAT), May Dept. Stores (NYSE: MAY), MBIA, Inc. (NYSE: MBI) and VirTra Systems (OTCBB: VTSI).

http://www.knobias.com/individual/public/news.htm?eid=3.1.c13f8d1f72aabea6b094e3fb676d543fbada648e8d....

Greg

This is without a doubt one of the most misleading statements I have ever seen!!! Please do not become the Greg "Dan Rather" Gemmerling.

Equities traded through VisiTrade, Ltd. include those of most of Wall Street's most liquid companies, including Mattel (NYSE: MAT), May Dept. Stores (NYSE: MAY), MBIA, Inc. (NYSE: MBI) and VirTra Systems (OTCBB: VTSI).

Liquidity is an indicator of the extent to which a company can pay current liabilities without relying on the sale of inventory and without relying on the receipt of accounts receivables. The formula is Cash and Cash Equivalents divided by Current Liabilities

The emphasis in the bolded statemment is most as VTSI is far from liquid and as we know from their SEC filings cannot meet their current obligations. Visitrade has the audacity to put VTSI an OTCBB company with 3 NYSE companies - amazing.

Mattel - NYSE - Revenue $5B 12/03 and $1.2B in cash
May Dept Stores - NYSE - Revenue $13B 1/04 Revenue and $564M
MBIA - NYSE - Revenue 12/03 $1.7B and Cash & Short Term Investments $1.2B

Now VTSI as of 12/03
Revenue $1M
Cash $27K
Current Liabilities $9.6M

This is a trick of promotional companies as they lump an OTCBB company in with established NYSE companies and people get misled IMHO.

I realize you search and post items on the thread regarding the company. Faith is one thing but blind faith is something else.

Take care

Billpr

The #'s are from the very busy header Greg maintains and updates on this thread. It is from the investor report 12/03. Here is the post

http://www.investorshub.com/boards/read_msg.asp?message_id=2062830

New Virtra Investor Fact sheet on Virtra's Investors Page.

http://www.virtrasystems.com/downloads/InvestorFactSheet.2004.pdf

http://www.integratir.com/homepage.asp?ticker=vtsi

Software & Technology:

Virtual Reality / Promotion / Simulation / Training
VirTra Systems, Inc.
(OTCBB: VTSI)
CORPORATE SNAPSHOT

VirTra Systems (the “Company”) is a leading producer of turnkey immersive virtual reality™ systems for the advertising/promotion and training/simulation markets, providing 360-degree, interactive photorealistic environments utilized in event marketing promotions and firearms training simulators. Since 1993, the Company has utilized advanced technology to produce virtual reality experiences. The Company has developed “immersive virtual reality™” products that include a completely immersive, panoramic 360-degree environment, incorporating the sensations of motion, touch, sound, and smell for Fortune 500 companies such as General Motors and Pepsi. Innovative virtual reality experiences have also been created for Shell/Pennzoil, Buick, Chevrolet, Red Baron Pizza, and the US Army, as well as a diverse international client base. The Company has successfully entered the training/simulation market, with two announcements of sales of its advanced training simulators within the past 90 days.

Products

The Company is currently offering products in these markets, based on its “immersive virtual reality™” technology:

Advertising/Promotion

The Company developed a new method of incorporating real-life 360-degree photorealism into a virtual environment. The Company’s first project in this market was a revolutionary virtual reality test-drive promotional program for General Motors completed in 2000. The Company has since completed a virtual reality ski-jump experience for Chevrolet in conjunction with the “Olympic Torch City Celebration Tour,” and a virtual reality bi-plane experience for Red Baron® Pizza. The Company recently completed a $1 million interactive virtual reality promotional system for Shell Oil Product’s Pennzoil division, and is currently renewing the Red Baron’s Flight Club™ experience and the 3-D mobile theatre for the Red Baron® 3D Flying Adventure™ for the 2004 season. In addition, VirTra Systems is also creating a helicopter virtual reality experience for the US Army Recruiting Command, which is scheduled for national deployment in the first quarter of 2004.

These promotional virtual reality systems give visitors a multi-sensory “experience” with much greater message retention than more conventional advertising means.

Training/Simulation

The virtual reality concept in the area of training recreates a real-life scenario of a particular environment and/or sequence of events which tests trainees’ reactions or solutions to specified situations, without the training organization incurring the cost of creating the actual physical environment. Virtual reality applications can be developed for a wide array of events, ranging from defense training (training soldiers in virtual war games or training police officers to use appropriate force) to even sports and medical training. Based upon input from repeated meetings with numerous federal agencies, the Company unveiled its first advanced training system in December, 2002, and has just recently begun sales of its new projection-base product line of highdefinition firearms training simulators, the IVR™ series.

VirTra Systems’ creative design staff develops a customized training curriculum based on the specific operating procedures and policies of the customer. When research shows changes in the customer’s training curriculum are necessary, updates of original scenarios can be accomplished without re-shooting the entire scenario, and keeps soldiers and law enforcement officers training in the most up-to-date scenarios available.

VirTra Systems recently announced its initial two simulator sales in this market to an unnamed, international training center, and also to the City of Chihuahua, Mexico. The Company expects these initial sales to launch accelerated sales in 2004.

December 1, 2003
$0.37
Price on 12/1/03: $0.37
52-Week Price Range: 0.05 to 0.47
Market Capitalization: $17.85 Mil
Shares Outstanding: 48.2 Mil
Public Float: 23 Mil
Fiscal Year: December 31

SIGNIFICANT DEVELOPMENTS

12/03 VirTra Systems Announces Red Baron® Museum Project
10/03 VirTra Systems Announces Simulator Sale to Chihuahua, Mexico
10/03 VirTra Systems Awarded US Army Project
9/03 VirTra Systems Announces Initial Training Simulator Sale
9/03 VirTra Systems Announces Helicopter Virtual Reality Project
3/03 Pennzoil® Hits the Road with VirTra Systems’ Promotional Attraction

FINANCIAL HIGHLIGHTS

2001* 2002 2003E 2004ERevenue $2,463,064 $2,280,484 $1,200,000 $6,500,000Gross Profit $888,665 $962,365 $650,000 $3,250,000Operating Income ($1,555,027) ($1,156,864) ($750,000) $2,500,000Net Income ($2,954,576) ($2,692,755) ($1,400,000) $1,500,000Earning per Common ShareBasic ($0.09) ($0.08) ($0.03) $0.03Diluted ($0.09) ($0.08) ($0.03) $0.03Gross Profit Margin 36.1% 42.2% 54.2% 50%Operating Profit Margin N/A N/A N/A 38.4%Net Profit Margin N/A N/A N/A 23.0%


* Based on the combined historical pro-forma results of GameCom, Inc. and Ferris Productions, Inc.

INVESTMENT CONSIDERATIONS

• Diversified Revenue Model: The Company currently has developed products for the advertising/promotion and training/simulation markets. The Company plans to develop additional virtual reality products for the education and healthcare fields.

• Tremendous Market Potential: The event marketing sector of the advertising/promotional industry is currently over $132 billion, and the visual simulation/virtual reality segment of the training/simulation market will “surge to $36.2 billion in 2002,” a 29.9% increase over 2001. (CyberEdge Information Services).

• Exciting “Immersive Virtual Reality™” Technology: The Company’s “immersive virtual reality™” technology incorporates the senses of sight, sound, touch, and smell. The technology is based on nine years of research and development.

For More Information, Contact Steven Haag at VirTra Systems’
Investor Relations (817) 261-4269

Sir David

You said: BC, I think some of your post can be considered a realist's view. Some of them do have a hint of bitterness, but I understand and respect your opinions.

I too believe there are too many shares in the float, but if Kelly can do what he thinks can be done then we might see a decent run. How long it will stay up is all up to the interest by investors. I'm tapped out. The MMs wont see another dime out of me.

Whats your opinion on Virtra's furure? You must agree that it looks bright and merits a successful PPS in the future. Give me your outlook beyond 12/31.

I posted where I put the majority of my investment $$$ in a previous post and I am satisfied with its performance - the OTCBB is just like putting $$$ on BetonSports.com and is basically gambling $ - high risk/high reward. With that said Virtra has upside. It is hard to sign on to "you must agree that it looks bright and merits a successful PPS in the future". The bright future hinges on the debt resolution and revenue generation. I believe Kelly has said that is under negotiation and should be resolved by 9/30. If it gets converted to stock with minimal dilution that would be a good thing IMO.

I know the company provided revenue estimates in 12/03 for 2004 of $6.5M and Net Income of $1,500,000 which probably will not be met.

2004E Revenue $6,500,000
Gross Profit $3,250,000
Operating Income $2,500,000
Net Income $1,500,000

We need mgmt's new proforma estimates for Q4 04 and for 2005. In order to make an informed investment decision that info is needed or else it is throwing $$$ at a dartboard. Unfortunately their estimates did not come to fruition but they are only onces who have the information on the future course.

Orders and profitable revenue will solve many of the company's issues.
When will breakeven be attained?
Positive cash flow needed to fund the business
Equity funding needed to finance the expected orders otherwise the company will not be able to meet demand (assuming the orders come). The govt does not pay cash in advance in my experience and actually pay upon acceptance and not delivery which impacts cash flow. My realist view fyi...

Good luck
Bylo

Greg - OT

The key is to watch and turn them around quick to get your money's worth. My kids are older 17 and 20 so they only watch them once and return...not sure on the $36/mo as their flat fee is $22. No matter off to bed to start another day at 5:30 am.

Greg

You said: "I was a member of Netflix for a year but cancelled recently to cut costs. I think they have a good service. However if VTSI would have put out news like this you would be all over them. What a double standard you have Shame Shame.."

Laughable - you cancelled your Netflix membership that costs $22/mo for unlimited DVD's, no shipping, and can have up to 3 out at a time to cut costs? Things must really be tough. If you rent 5 DVD's per month it pays for the service and there are 4 in my household so we make good use of it plus the selection is outstanding. They have over 25,000 titles.

Netflix went from $10 in 5/03 to $40 in 2/04. They recently missed their street profit # which was the reason for the class action suit and the stock falling. The stock is still at $16. It was a VG winner for me. I would be all over them you say if this was VTSI. What did you want me to do post the missed profit target here to let you know? lol

I am still in the black on it...more competition and slimmer margins - tough to keep up the pace it was doing.

My portfolio is doing just fine thanks!

Take care

KS

There is no need to post on threads like this in Stocks I own in mutual funds such as the Fidelity - Contrafund and Equity Income (avg return has been 10%/yr) as well as individual stocks such as:

Best Buy (BBY) - doing very well
and
Netflix (NFLX)- great concept - unlimited DVD's per month no shipping. Been a member since May 03 and purchased the stock a little over $10 - took some profits off the table early 04 and now playing with house $. It took a hit recently now at $16 but great concept and company. Check out Netflix.com

I remember Peter Lynch saying investing in companies you see are doing well and like, excellent business model and pass the financial test. ie. when I go into Best Buy there is always plenty of activity and I use Netflix and their membership has grown and many of my friends have joined after I informed them.

Greg

Yes - I do own a number of stocks

Sir

There will be a lot of stock to chew through in order to reach $.65 by 12/31 - JMHO

Good luck

Trout

That explains why you are so highly invested here...

Good luck!

Greg

If you actually read my posts and digest the facts I try to say pro and con.

Smith's post was right on and my response below advised IMHO what was needed and it was not negative. Exchanging the debt for stock at reasonable dilution would be a good thing as stated in the message you copied. I again provided some analysis unlike many who post here....

----------------------------------

Smith

Great post!!! Some real analysis for a change...

You said: "Then the share price is being held down by the Company ie Dutchess selling."

I have said for many months now some of the selling pressure is the Dutchess equity arrangement with the company getting their working capital there. Plus Dutchess sells stock ongoing when they can so they can can make $$$ and are not left holding a large position should the company fail. A very real risk with the low revenue and high debt.

I agree the company cleaning up the balance sheet will be a huge plus if it occurs.

But the real kicker needed is profitable revenue to make the company cash flow positive so they do not continue to go in debt, have to continue to sell stock and start to make $$$.

Greg

I'll eat it if I am wrong. I basically said $.25 to $.50 and pinned at $.25.

I find it funny you and the others never say they are wrong - it is what it is and I am just trying to be a realist and when others state the facts as well they get run out of town.

Sorry I don't wave pom poms and say all is well all the time like you

Smith

Great post!!! Some real analysis for a change...

You said: "Then the share price is being held down by the Company ie Dutchess selling."

I have said for many months now some of the selling pressure is the Dutchess equity arrangement with the company getting their working capital there. Plus Dutchess sells stock ongoing when they can so they can can make $$$ and are not left holding a large position should the company fail. A very real risk with the low revenue and high debt.

I agree the company cleaning up the balance sheet will be a huge plus if it occurs.

But the real kicker needed is profitable revenue to make the company cash flow positive so they do not continue to go in debt, have to continue to sell stock and start to make $$$.

My 12/31 estimate $.25

Bylo

Greg

It's gotta go up soon to reach your magic $1.00 by 12/31. I'll say it doesn't hit $.50 by 12/31.

Overall market up again - this has been dead $ for quite some time...

Take care

Greg

IMHO MM's make $ like most sales organizations - by transactions. If there is no demand or people willing to buy at $.35 then the bid will be lowered until there is buying activity and a price people think the stock worth.

Just like when I said put a buy in for 100,000 shares and see the ask price rise....

Greg

There is no conspiracy. I just do not understand your comment "Looks like the MM's want to walk the stock down very badly". The MM's do not want to do anything. They move the price based on supply and demand.

Put a buy order in for 100,000 shares and let's see what happens to the price -lol.

No post Trexpo bounce - kind of like the Kerry campaign.

Take care

KS

They probably need to pump it up so they can sell more shares for working capital.

Now if I would have posted these facts I would have been attacked by weo and Greg!

Good luck

Greg

"Coverage is free?" $25K and a million shares that's a new definition of free.

368% growth rate qtr to qtr talk about #'s being your friends -it's easy to grow 368% when there was basically no revenue. $375K is nada with their cost structure...

Sounds like no profits for 2004 like they said in 12/03 - now it moves into 2005...

Take care