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Sorry Twister I think you needed to put a ?? after your sentence.
IMO management sucks. all need to be replaced
It would be nice if VTSI would separate a true backlog vs a STEM rental backlog
it depends how they go about funding it. As an FYI that is what I do in my business. I own a computer consulting business and I put systems into offices no money down with complete service contract. all they pay is a monthly fee and I repair any issues. I finance the systems personally.
I might have mentioned that concept at the annual meeting when i went there a few years back
my guess is there is a loss this qtr they will probably start looking into borrowing money or even do a secondary offering as they will use there STEP program as the reason as there back orders are increasing due to the STEP program and they will have to finance it one way or another. I hope they use debt and traditional financing but my guess they will screw us either with a convertible debt to stock and even offer it to the BOD. if they do that WE MUST STOP THEM
He does not belong on the BOD nor his cronies. He is a pompous A-hole and does not know how to run a growing company.
he is very smart and knowledgeable and should stick with his strengths of developing products and put the company into a competent CEO.
I hope Ferris is taken out.
i am still here. have not sold any shares but when it hits $7 I start
ME too
As a FYI if I am not mistaken. Anybody that did not send in there proxy it’s voted as yes vote.
I did not go this year. I will only go to a meeting if we can all get together and elect our own board member.
Ferris is a pompous a-hole and if I go to a meeting all that would accomplish is an argument and i probably would be thrown out of the meeting.
we need to take over the board. not just 1 person. we need at least 3 even inexperience board member - as long as we get 1 knowledgeable member to guide the other ones
Now I make my comment. If this is what they wrote we as shareholders are basically screwed. If we do not get together NOW we should kiss our money goodbye.
what i see happening large insider getting stock at a low price, maybe through a loan to the company or other tricky means and then either selling the company below market value or issuing more stock and they will cash out.
With that statement he basically said FU shareholders. we should lawyer up and throw out the whole board and management - including Ferris - Everybody is replaceable Everybody.
need to know what it was last quarter (March) and the quarter before (December). so I can make a statement
Can someone tell me how much the backlog was 6 months, 3 months ago and how much it is now.
thanks
I will be - all board members
i have about 1.25 % of the company and I would give you my proxy.
I think last year we counted approximately 2-2.5 million shares
fishhunter
You are correct that it is difficult for us to agree on exactly what we want to accomplish.
Ferris will never become a great CEO - He is a great CTO.
The board is "lame duck board" and needs 1 large outside shareholder which Ferris should give us without a fight but will not (one of the reasons he is a bad CEO).
the other issue is if we do join together with a 15% shares outstanding we need to hire a lawyer and file with the SEC
I was not planning on attending this year as I think I would be out of hand the Ferris. He is an *ss and a genius as I see it.
I will attend if we start a push if we can get a board seat - even a write in, otherwise I will not attend because its a pure waste of money
I was not planning on attending this year as I think I would be out of hand the Ferris. He is an *ss and a genius as I see it.
I will attend if we start a push if we can get a board seat - even a write in, otherwise I will not attend because its a pure waste of money
i have not sold a share. i am just sitting in the background until shareholders want to finally go up against the board and ferris.
Sorry to inform you but we cannot make a formal nor informal group unless we register with the SEC. We would need to hire a lawyer.
As a LOL - you should not worry about getting delisted. Ferris will do another reverse split. He is a pure moron as a CEO
I have thought about it for a long time. I am meeting with a lawyer this week to go over the by-laws and figure out how I can nominate myself to be a board member. If somebody already knows what needs to be done let me know
I think we should put up a few names.
the 90- 120 day windows starts next week
Have a nice weekend
volume now 23 stongg and stock not falling. here comes the good times. LOL
BUT LOOK AT THE BRIGHT SIDE VOLUME 13 BUT WE ARE UP .04
Forgot to mention my feelings about the 3mil in sales and back order of 9mil.
Sales sucks as they are based on delivery of systems and if VirTra can only make $3 mill in sales units they are way over employed. I know if I had orders I would stay up all night and deliver my system.
Ferris should be ashamed and embarrassed of his performance. He should layoff workers and voluntarily resign from CEO of the company.
let me start by explaining what I have learnt from last year from attending the shareholders meeting.
Ferris has a stick up his ass and does not care about his shareholders. If we want to get anybody on the board we should go for at least 2 positions as if we win one we will win both.
I asked him last year at the board meeting will he allow a shareholder who has 25-30% backing of shareholders votes would he back that person up and he point blank said NO.
If you want to be put on the ballot you need to notify them 120-90 days before the annual meeting - based on last years meeting date - at least that is what I understand
Now what I learnt from before the meeting:
We can get 2.5-3 million shares backing our fight but once we join together we must file with the SEC, if my memory serves me correct after 5%. Also everybody in that group would have to follow SEC rules on buying and selling.
We also have to be careful if we informally make a group as we might have to follow SEC rules
We must hire a Arizona lawyer using our own money but VirTra can fight use with company money.
Cost to hire a lawyer probably $10,000 starting but can go up very fast.
I would serve on board if nobody else would step up or as a 2nd board member.
if we all put in .01 per share we own we can raise $25,000 - $30,000
I do agree we need a $400,000 CEO plus top sales people. I also would change the incentive plans and bonus structure. Its time to clean house
Ferris is a good engineer and he should stay keep him on with some title but l believe everybody is replaceable.
I will write my response in a few hours and will rehash what I have learnt from last year
I am still here and still believe Ferris has a stick up his A__. If we are bought out we will get screwed as Ferris will get a big contract with the buyout company. We need to get rid of the profit sharing - or modify it to be based on the increase of profit from the prior year and executive share option that the company voted on 1.5 years ago should be taken away.
My thoughts about the seller.
It’s not a person it’s a brokerage house buying and selling in house and picking up a few hundred shares a day from weak hands. I do not know if it’s legal or not but that is my gut feeling.
Regarding Salesian’s think it’s will be nothing spactacular or that bad, just a average quarter.
Ferris SHOULD BE REPLACED AS THE CEO, no ands ifs or buts.
I would love to be on the board but it will never happen.
not me
you could buy the company for nothing out of your pocket. when we added up all the shares last year we had over 2.5 million. if we all from a group we can get a loan from the bank for the rest of the control.
The Press release IMO was BS. Ferris has to go as CEO. Told us nothing new except the buyback increase Big F ing deal.
I hope they retire the shares but probably will not - will probably give them to the BOD as bonuses for such a great job they are doing (lol).
Bob and the board can be derelict of there duties as it would cost shareholders a six figure dollar amount to start a lawsuit. I would be willing to a couple of thousand dollars into a fund to start a lawsuit but remember he gets to defend the lawsuit with out shareholder money.
If we try to join forces then we have to file with the SEC. again we lose.
we just have to hope one day this stock climbs up.
Bob is a pompous a__ like I said when I meet him at the annual board meeting.
have you tried this place
http://www.koshertampabay.com
He wants the stock to go down so when they get the stock incentives that past by 2% last year there cost is low. He not an idiot he is a f-ing genius. He screws us all. His employees get a 15% bonus on profits no matter what the stock price is.
We need to change the stock incentives and employees bonus structure.
We are the idiots
I think your math is wrong. if you paid .29 for your shares. pre-split. that means your current breakeven is $5.80 (.29x20).
But if they do an other reverse split, we can get a higher share price - maybe one of Ferris's financial Advisors should recommend that to him
LOL
I have a feeling they did some buyback today, or will be doing so in the next few weeks just to show shareholders they are buying some shares back.
Billpr
FYI - I learnt many years ago "everybody is replaceable".
He never said VTSI is undervalued. But I agree he is not a CEO. The board are just pawns of the CEO.
Takeover is the only way to get our value up.
If you know anybody who wants to do a buyout. if they purchase 10% of the shares outstanding the can basically purchase the company for $5 mill and the 44% that voted no for the Board members would vote for the takeover it would be a cheap buyout with a bonus of $4-5mill in cash that VTSI has. almost a no brainer.
no mention of what he want to do with the money. He is opening himself for a takeover. with the stock price where it is, cash in the back, no debt, perfect target.
I am shocked he did not introduce a poison pill to protect from a buyout. my guess is that the board has no skin in the game so no need for one yet. if the board does start to purchase shares - lookout -
If we can convince a company to do a hostile takeover they would only need to purchase 10% of the shares, approximately 4.5mil and the disgruntled shareholders will vote on there side and the cash on hand is the value of the shares they purchased. a no brainer. if we only new a company that needs/wants the technology.
Ferris has no idea what could happen - he has no financial smarts