Do IR communications build value? I don't need VirTra management to give me a peep talk or write me long emails asking me to buy more shares. They are an emerging company within their market and they SHOULD focus on grabbing market share. They do need to build sales regardless of what some people are saying.
I've reviewed more information on VirTra than I care to admit and some comments posted here have no evidence in fact, contradict the facts or just don't make common sense.
Talk is cheap and VirTra doesn't seem to waste time trying to coax someone to buy $500 worth of stock- well good for them! Build a company that justifies someone to buy $1,000 or more of its stock.
Unlike some here, I'd be upset if they focused on IR communication instead of focusing on more sales - I guess they can't please everyone. If you send VirTra an email asking questions to get an informational advantage over the rest of us in the market, you shouldn't get any information. Also, VirTra shouldn't telegraph their plans to their competitors in the name of 'good IR communication'. The professional investors I know are far more interested in track record of results then they care about IR communication. However, a penny stock just by the nature of being a penny stock (having too many shares outstanding) is off limits too many investors, which brings us to the fact VirTra actually made a recent attempt to correct this problem with the proxy.
As part of my due diligence, I asked a SEC lawyer to review the proxy and he said that much of the proxy was trying to change the bylaws to have reasonable proxy requirements for a company the size of VirTra, and it is actually what he would have recommended if VirTra was his client. Ironically, the exact problem the proxy would have fixed ended up presented itself in the proxy vote, large numbers of shareholders did not even vote - but those who felt strongly enough to vote, actually voted FOR the proxy BEYOND A MAJORITY (but due to bylaws that don't match the size and composition of VirTra shareholders; democratic rule failed: despite a vast majority of voted shares, it still didn't pass).
At the end of the day you must answer: Are the best days of VirTra ahead of it or not? To me, that's easy.