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Now that we’re on the Nasdaq our net is much bigger.....time to get the story out!
Let’s look for more frequent press releases.....I’d bet they’ve been waiting for the up list to announce. I certainly would have!
New product and service announcements
Attendance to investor conferences and here’s one in 8 days.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjkwOTc3fENoaWxkSUQ9NDAxNjgzfFR5cGU9MQ==&t=1
Finally Nasdaq is upon us....and decided not to raise capital and dilute value.
Congrats to all that stuck it out
Nasdaq listing alone won’t but news tied to a Nasdaq listing will....up or down.
Earning is a crap shoot....no way to gauge....hoping for 4+ mil
not sure what your looking at but it's identical, 3 separate awards for $4.6 mil
FAAC/Arotech/Milo - all the same
After today I found that the info on these sites are not always correct. Usaspending and govtribe both have todays award going to FAAC on 3/13.
Updated the IHUB with some links I use for government spending
Contract - Websites
https://www.usaspending.gov/#/keyword_search/virtra
https://buyandsell.gc.ca/procurement-data/search/site/virtra
https://www.tenders.gov.au/?event=public.advancedsearch.keyword&keyword=virtra
https://www.defense.gov/News/Contracts/
https://govtribe.com/vendor/virtra-systems-inc-tempe-az
https://www.fbo.gov/index?s=opportunity&mode=list&tab=list
http://www.peostri.army.mil/
New award to Pakistan $4.6 mil
the royalty structure may have changed since they are being installed in a third party venue but am not sure.
Item 1.01Entry into a Material Definitive Agreement.
On August 23, 2017, we entered into a Standard Location Agreement (the “Agreement”) with Lucky Strike Albany, L.L.C. and Lucky Strike Jillian’s, L.L.C. (each, an “Initial Location” and collectively, the “Initial Locations”), pursuant to which we will permit the Initial Locations, as well as any future locations added to the Agreement, to operate our shooting lounge simulators (the “Machines”).
Pursuant to the terms of the Agreement, during the initial two-year term, each Initial Location will pay us a percentage of Gross Revenue (as defined in the Agreement). Following the initial term, the Agreement will automatically renew for one-year periods.
The Agreement is subject to revenue commitments, based on the Gross Revenue of each Initial Location, and exclusivity provisions, based on the number of Machines at each Initial Location. We will bear the costs of procuring, installing, and maintaining the shooting lounge equipment and accessories to operate the Machines. The Initial Locations will bear the costs of infrastructure, furniture, and operating the lounges within their facilities.
https://www.sec.gov/Archives/edgar/data/1609319/000156459017018157/ck0001609319-8k_20170825.htm
from what I know it's a revenue share on the sims only....roughly 15 sims in the lucky strike Albany. MR is no longer filing with the SEC so we're limited to how they are doing....most likely stop filing due to the expense and them burning cash.
Another MR opening soon - Lucky Strike Social Somerville Mass.
http://www.luckystrikesocial.com/locations/somerville
Great news Gregg! Monday, back up we go....earnings will be the kicker....hopefully their solid.
Update: Trump Trumped us! Economic adviser Gary Cohn resigned today and @AC360 is covering that. Our piece will air tomorrow night on CNN Anderson Cooper. @realDonaldTrump
From Twitter
CNN Alert heads ups!!!! @ofallonpolice Department and #VirTra will be included in a segment tonight on #CNN Anderson Cooper 360 @AC360
It will air tonight between 8-10 pm ET/6-8 pm MST. #VTSI #BetterPoliceTraining #Activeshooter training #DeEscalation training
FYI VirTra on cnn tonight- Anderson 360 between 8-10pm est.
We're seeing a lot more news channels covering Simulation training as one possible solution to help officers better prepare themselves. In the DC, MD. VA market ive seen four different networks showing the VirTra.
https://www.facebook.com/Fox8NewsCleveland/videos/10160314229635294/
Well, I shouldn’t say that and am jumping to conclusions...haven’t read it yet.
That’s great news! No cap raise!!
No blood just a much larger market than in the past....Meggitt investing dollars is a good thing. It wouldn't surprise me to see training programs on the federal level rather than local .....waiting to see more detail on the 18/19 budget.
I also have thought Meggitt jumping into the 300 degree market was a good sign. Meggitt focuses mostly on the MIL market so they must see potential Tenders on the horizon.....VirTra already has strong relationships with DHS, USSS, CBP ect for these systems....so we have an advantage IMO
About a year ago bob holding were reduced because he gifted roughly 4-500k shares to his kids or it may have been a trust....would need to go back and check the filing.
From what I know he’s never sold a share
Ponch-
What do you mean bob has been stealthily selling stock? Haven’t seen or heard that before. Please advise
WH says Trump would sign the House FY18 defense appropriations bill that's headed to the floor tomorrow.
https://www.whitehouse.gov/wp-content/uploads/2017/11/saphr695hr_20180129.pdf
highly doubt it.
Hey Fish,
I think it's going to be a couple more weeks before virtra receives approval(or Denial) on the 1A/A filing and become an SEC filer. From that point I would expect them to start a press push out to the community....I believe your right that it's a good time to be buying...
CLICKOM most likely the new distributor that facilitated this award
http://www.clickom.ca/serv_vtv300.php
This confirms my question a few months back on twitter
Clickom?
@Clickom
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Clickom and VirTra join forces to develop business in Central Africa. Great news!!
2:35 AM - 17 Oct 2017
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Replying to @Clickom
Virtra systems?
$1.38 Million Sale by VirTra to African Country
New Sale Means VirTra is Now Represented in 24 Countries Worldwide
https://globenewswire.com/news-release/2018/01/09/1285942/0/en/1-38-Million-Sale-by-VirTra-to-African-Country.html
You find I the timing of this odd? It was loaded today and It’s been a month since the conference.
Anyone on this board know what the share structure is? New here....sent an email it IR but have not heard back....
If they do push this back because they didn't meet their intended price target to raise I applaud Bob for waiting this out.
sounds right to me ;)
If I was CEO of VirTra, I wouldn't rush the uplist by the end of the year......December can be a bad month for microcaps because of tax selling and low liquidity....I'm betting for an early 2018
VirTra Launches Training Simulator Cartridges for TASER
Patent Pending, Less-Lethal Training Simulator Cartridges for TASER X2 and X26P Expand VirTra’s Offerings
https://globenewswire.com/news-release/2017/12/05/1229076/0/en/VirTra-Launches-Training-Simulator-Cartridges-for-TASER.html
TEMPE, Ariz., Dec. 05, 2017 (GLOBE NEWSWIRE) -- VirTra, Inc. (OTCQX:VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced a new series of training cartridges for the AXON X2 and X26P TASER handles. The VirTra® less-lethal training accessories utilize patent pending, state-of-the-art electronic sensing technology that enhances the safety, durability, and maintenance of the cartridges and addresses the full and accurate deployment of training points within VirTra’s virtual reality training simulator.
“Almost every law enforcement officer trains with a TASER or similar conducted electrical weapon (CEW), less-lethal option for de-escalation training which is a vital portion of the training program,” said Jason Mulcahy General Manager of VirTra. “Real training goes beyond the daily spark test to learning to manage target distance with a cartridge’s 8-degree spread. VirTra prides itself on providing the most accurate and realistic training system, with the goal of saving lives and supporting law enforcement officers around the world, and bolstering our product line improves our ability to meet this important goal.”
The newest non-lethal force options in the VirTra product offering, the training kits for the X2 have cross link arcing, arcing of two individual characters, and re-arc capability features. These cartridges interact dynamically with the new custom VirTra training scenarios recently released and newly created interactive characters.
The cartridges use an officer’s own X2 or X26P handles, have patent pending electronic sensing and filtering and employ rechargeable batteries. There is no on-off switch to worry about. Instead, an embedded smart motion sensor automatically turns the unit on when picked up, puts it to sleep when stationary, and turns the unit off when inactive for extended periods of time. The new, user-friendly RGB LEDs let the trainer know the status of the batteries, mode of operation, and indicate charge status. All of this technology combines to provide a trainer-friendly device that is easy to operate, prolonging training times between charges, and making the cartridge easy to maintain. The internal rechargeable battery and charging circuitry has been selected to provide years of training activity, uses a standard micro-USB charger that is supplied as part of the kit, and is also designed so that the end user could use almost any standard micro-USB cell phone charger if needed.
The VirTra cartridges are factory aligned to match the AXON X2 and X26P TASER handle’s red laser dots that aim onto the screen for real life training similarities. The quality of the laser components and factory alignment process improves precision, accuracy, and reliability within the VirTra software. The lasers are class 1A (<0.850mw) skin hazard from direct beam and eye hazard when viewed directly. Each TASER laser or ECW device can be assigned a unique ID, to individually track and score each cadet or officer.
The kits are more durable than ever for the training realism covers verification of cartridge readiness, transitioning rapidly to other force options and re-loading without fear of harming the VirTra cartridges. The VirTra technology enhancements solve today’s industry training issues by enhancing the safety, durability and maintenance of taser training, while addressing the full and accurate deployment of training points.
quite the install at Lucky Strike Crossgates.
All good points Fish.....One could assume that with revolutionary products and services to be PR'd at some point in the future, would or could the $VTSI story become more Dynamic.....the story could change very quickly to the investment community.
on another note....I hope the Executive team, BOD and VTSI employees participate in the raise.