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You remain entirely wrong about almost everything!
Your statement 'business risk is not increasing' is mindless, beyond absurd.
Proven so even by your own tin-foil 'financial fraud virus' lunacy.
Even the perception of a fraud would increase risk.
Businesses opening back up? Lacking demand, it's just survival.
Consumer demand has & continues to evaporate w/ rising unemployment.
This is a far bigger mess than the US. The entire world financial system is imploding.
Don't confuse FED & fiscal helicopter money driven into overvalued markets with real demand.
As for Virtra, it's decision time, again. Cut your losses, hold or buy into the unknown future.
Simply assigning blame may provide satisfaction, but never resolves anything.
Once again, ongoing hollow words of some shareholder uprising.
Boarded ship long ago; direction and destination unknown!
Additional financial tools are now available and allow but don't guarantee positive results. The S-3 may or may not prove useful as their need and beneficial application currently remains unclear to shareholders. Used properly, the S-3 provides a very good option to have in play.
As business risk increases, both survival and excellent new opportunities may hinge on a strong balance sheet coupled with the ability to raise additional funds on very short notice. Their ability to go 'all in' remains a strong statement of commitment; the rub being to who or what and everything that may entail.
I support the company retaining their strong cash position during the current worldwide crisis. This cash cushion may prove extremely important and even essential as worldwide political and economic conditions continue to crumble and deteriorate without any economic solution in sight.
The S-3 Filing, released without explanation after market closing and before a long holiday weekend, presented mostly as a stun grenade rather than reasoned forward looking planning. Current shareholder value now appears to be subject to a potential 'gotcha' registration being filed in the future.
Yes, it is possible this could be good!
Additional cash necessity could follow great news.
This would allow most efficiency for multi-raise events.
Allows quickest registration for timely investment $$$ raises.
Two year time window to seize opportunities if and when they arise.
Poor... Sales, operation efficiency and forward guidance raises trust issues.
There may be good uses for additional funds, including:
Board member raises.*
New beneficial acquisition(s).
Develop a major new product line.
Performance money for huge contract.
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* ===> ;)
Investor(s), investment group(s), merge, buyout, etc. Wide open!
Could just be opening the door for future possibilities.
Not necessarily setting the stage at this time.
Same old story... Nothing to do but wait!
In any case, it remains a very powerful statement.
Mixed shelf offering up to $20m is not just routine busy work.
Or a welcome note with an Axon pen?
Could be anything... or nothing.
But definitely makes a powerful statement.
You'll feel better now; all shares(potentially) on block!
But nothing about being bought out.
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"Unless otherwise indicated in a prospectus supplement, the net proceeds from the sale of the securities will be used for general corporate purposes, including, but not limited to, working capital, acquisitions, and other business opportunities.
In the case of a sale by a selling stockholder, we will not receive any of the proceeds from such sale. To the extent the options are exercised for cash, if at all, we will receive the exercise price for the options. We are required to bear the expenses (other than underwriting discounts) incident to an offering by our selling stockholders."
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Name of Selling Stockholders Number Percentage Be Offered Number Percentage
Robert D. Ferris (1) 447,219 5.7 % 447,219 — —
Jeffrey D. Brown (2) 49,193 * % 49,193
Mitchell A. Saltz (3) 29,167 * % 29,167 — —
Matthew D. Burlend (4) 63,750 * % 63,750 — —
Judy A. Henry (5) 5,935 * % 5,935 — —
David L. & Nancy J. Ferris(6) 167,162 2.2 % 167,162 — —
Anissa Ferris (7) 125,000 1.6 % 125,000 — —
Antonio Ferris (8) 117,350 1.5 % 117,350 — —
* Represents beneficial ownership of less than one percent.
(1) The number of shares beneficially owned by Mr. Ferris includes: 362,219 shares of our Common Stock presently outstanding and options to purchase 85,000 shares of our Common Stock at prices ranging from $0.84 to $5.88.
(2) The number of shares beneficially owned by Mr. Brown includes: 9,193 shares of our Common Stock presently outstanding and options to purchase 40,000 shares of our Common Stock at prices ranging from $0.80 to $5.40.
(3) The number of shares beneficially owned by Mr. Saltz includes: 20,000 shares of our Common Stock presently outstanding and options to purchase 9,167 shares of our Common Stock at per share prices ranging from $3.76 to $5.38.
(4) The number of shares beneficially owned by Mr. Burlend includes: options to purchase 63,750 shares of our Common Stock at prices ranging from $0.84 to $5.88.
(5) The number of shares beneficially owned by Ms. Henry includes: 5,935 shares of our Common Stock presently outstanding.
(6) The number of shares beneficially owned by Mr. David L. Ferris and Ms. Nancy J. Ferris includes: 167,162 shares of our Common Stock presently outstanding.
(7) The number of shares beneficially owned by Ms. Anissa Ferris includes: 125,000 shares of our Common Stock presently outstanding.
(8) The number of shares beneficially owned by Mr. Antonio Ferris includes: 117,350 shares of our Common Stock presently outstanding.
Form S-3 filed today!
Worth your time to read and understand how it may affect your investment.
Perhaps a deep dive into the foggy and ever-expanding abyss.
http://archive.fast-edgar.com//20200522/A822M62CZ22RBZOZ2U292ZY2I8GQHZ22Z222/#a_007
$20,000,000
VIRTRA, INC.
Common Stock, Preferred Stock, Warrants, Rights,
Debt Securities and Units
and
1,004,776 Shares of Common Stock for Resale by Selling Stockholders
We may offer and sell, from time to time in one or more offerings the following securities:
?
shares of common stock, par value $0.0001 per share;
?
shares of preferred stock, par value $0.0001 per share;
?
warrants to purchase shares of our common stock, preferred stock and/or debt securities;
?
rights to purchase shares of our common stock, preferred stock, warrants and/or debt securities;
?
debt securities consisting of senior notes, subordinated notes or debentures;
?
units consisting of a combination of the foregoing securities; or
?
any combination of these securities.
We may offer and sell up to $20,000,000 in the aggregate of the securities identified above from time to time in one or more offerings. This prospectus provides a general description of the securities that we may offer. However, this prospectus may not be used to offer or sell our securities unless accompanied by a prospectus supplement relating to the offered securities. Each time that we offer securities under this prospectus, we will provide the specific terms of the securities offered, including the public offering price, in a related prospectus supplement. Such prospectus supplement may add to, update or change information contained in this prospectus. To the extent there is a conflict between the information contained in this prospectus, on the one hand, and the information contained in any prospectus supplement, on the other hand, you should rely on the information in the prospectus supplement. You should read this prospectus and any applicable prospectus supplement together with additional information described under the headings “Where You Can Find More Information” and “Information Incorporated by Reference” before making your investment decision.
These securities may be sold directly by us, through dealers or agents designated from time to time, to or through underwriters or through a combination of these methods. See “Plan of Distribution” in this prospectus for additional information on methods of sale. We may also describe the plan of distribution for any particular offering of our securities in a prospectus supplement. If any agents, underwriters or dealers are involved in the sale of any securities in respect of which this prospectus is being delivered, we will disclose their names and the nature of our arrangements with them in that prospectus supplement. The net proceeds we expect to receive from any such sale will also be included in the prospectus supplement.
In addition, certain selling stockholders to be identified in a prospectus supplement may offer and sell up to 1,004,776 shares of our common stock from time to time, in amounts, at prices and on terms that will be determined at the time the shares of our common stock are offered. Of the shares of common stock being offered for resale by selling stockholders, 806,859 are presently issued and outstanding and 197,917 are issuable upon exercise of stock options held by selling stockholders. We urge you to read this prospectus and the accompanying prospectus supplement, which will describe the specific terms of these securities, carefully before you make your investment decision. We will not receive any of the proceeds from the sale of the shares by the selling stockholders. To the extent the options are exercised for cash, if at all, we will receive the exercise price for the options.
Our common stock is quoted on the Nasdaq Capital Market under the ticker symbol “VTSI.” The closing price of our common stock on May 21, 2020 was $2.18 per share.
As of May 21 , 2020, the aggregate market value of our outstanding common equity held by non-affiliates, or public float, was $18,350,813 based on 7,752,530 shares of common stock outstanding, of which 7,355,183 shares are held by non-affiliates, and a per share price of $2.49495 based on the average of the bid and asked prices of our common stock on the Nasdaq Capital Market on April 13, 2020 (within 60 days prior to the date of filing). Therefore, as of May 21, 2020, the aggregate market value of our common equity held by non-affiliates was less than $75,000,000, as calculated in accordance with General Instruction I.B.1 of Form S-3. As of the date of this prospectus, we have not offered and sold securities pursuant to General Instruction I.B.6 to Form S-3 during the 12-calendar month period that ends on and includes the date hereof. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities in a public primary offering with a value exceeding more than one-third of our “public float” (the market value of our common stock held by our non-affiliates) in any 12-month period so long as our public float remains below $75,000,000.
An investment in our securities involves a high degree of risk. See the sections entitled “Risk Factors” included in our most recent Annual Report on Form 10-K and in any subsequent Quarterly Report on Form 10-Q, which are incorporated by reference into this prospectus, as well as in any prospectus supplement related to a specific offering we make pursuant to this prospectus. You should carefully read this entire prospectus together with any related prospectus supplement and the information incorporated by reference into both before you make your investment decision.
Your simple request not so simple!
Investors in these markets will likely become losers during the next year.
My risk tolerance and portfolio balance is likely different than yours.
Your 'don't want to lose' a non-starter to be in these markets.
My investment here is where I want it and changes upon circumstance.
Changed prospects or pricing is reevaluated by me as necessary.
The world, country, and the markets, are in uncharted waters.
Whatever risk you acknowledge is grossly understated.
Companies with strong balance sheets a necessity.
Here, near $2 would suit me fine IF I was going to add shares at this time.
Product offerings excelled... Revenue/profits, yet another huge miss!
At the cusp and poised for breakout success, but petrified.
VirTra-First Quarter Earnings Call-Tuesday, May 12 at 4:30p.m.ET
VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, will hold a conference call on Tuesday, May 12, 2020 at 4:30 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2020. Financial results will be issued in a press release prior to the call.
VirTra management will host the conference call, followed by a question and answer period.
Date: Tuesday, May 12, 2020
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
U.S. dial-in number: 844-369-8770
International number: 862-298-0840
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.
The conference call will be broadcast live and available for replay here and via the investor relations section of the company’s website.
A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through May 26, 2020.
Toll-free replay number: 877-481-4010
International replay number: 919-882-2331
Replay ID: 34580
About VirTra
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.
Investor Relations Contact:
Matt Glover or Charlie Schumacher
VTSI@gatewayir.com
949-574-3860
Play the fool here, Tuesday or any other day!
My being a private investor limits my concern regarding your schemes.
Your fantasy/delusion of imagining me as someone I'm not remains your own problem.
Pathetic how fishhunter rambles on and on, endlessly!
Sounds like you got in way over your head, financially.
"Man's just got to know his limitations' -Harry
You're stuck; and nothing you can do.
More to the point, go fish.
VirTra Awarded $1.6 Million Contract for Use-of-Force Simulators and Police Driving Simulators
TEMPE, Ariz., April 09, 2020 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has been awarded an indefinite delivery/indefinite quantity (IDIQ) contract from the Department of State for the Republic of Mexico with a value of $1.6 million.
Under this new contract, the company will deliver VirTra Driver Training Systems (V-DTS) and use-of-force simulators with drop-in weapon recoil kits to numerous state police academies and correctional facilities in Mexico. This order, which is expected to be completed by the end of 2020, follows the successful delivery and installation of 11 driving simulators previously purchased for the Republic of Mexico in March 2019.
“VirTra is already known as an industry leader among domestic law enforcement, and with this award, we’re continuing to expand and strengthen that reputation internationally,” said Jason Mulcahy, General Manager of VirTra. “Once this order is completed, VirTra simulators will be in an additional 10 states in Mexico, and in total, we’ll have 77 simulators deployed across the country. Given the current global social and economic challenges brought on by the COVID-19 pandemic, we're particularly proud to provide state of the art training to our foreign allies in the Republic of Mexico at this time.”
About VirTra
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly-effective virtual reality and simulator technology.
Learn more about the company at www.VirTra.com.
Investor Relations Contact:
Matt Glover or Charlie Schumacher
VTSI@gatewayir.com
949-574-3860
https://www.globenewswire.com/news-release/2020/04/09/2014663/0/en/VirTra-Awarded-1-6-Million-Contract-for-Use-of-Force-Simulators-and-Police-Driving-Simulators.html
https://www.virtra.com/simulator/law-enforcement-v-dts/
https://www.virtra.com/virtra-launches-driving-simulators-for-u-s-law-enforcement-at-the-iacp-conference/
Guessing Military version offered in the future!
Perhaps the Authoring feature already provides limited adaptability for the Military.
They could already be working on some custom Military scenarios prior to a Military version offering additional functions and vehicle types.
Gold currently not so precious... It's the dollar!
Gold and the dollar will always cycle like everything else.
Gold-bug notion to always buy gold remains absurd.
Buy what's in favor and hold until it isn't.
Something is always working.
Shares/ownership changes possibly come with director changes!
There is nothing about the possible S-3 filing that holds any certainty.
Share/structure changes, if they even happen, could also bring about these or other changes.
Use some possible outcomes for your own consideration prior to, rather then a surprised action, so you have a plan in place.
Knowing why you buy a stock and at what price as well as knowing what your sell points are in the future.
Planning ahead for possible outcomes, rather than emotional panic buying or selling without giving due consideration..
Edit: S-3 not S-1 regarding post 48150
Also, to clarify 48148, this is what I posted:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154532620
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154601168
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154601009
Enjoy your imagination in your tin-foil world!
You seem very troubled... It's only 15% for the first step/stumble.
Put your big-boy pants on and just buy the whole thing. LOL
S-1 may/may not even happen. Form 4's filed!
Already self-evident to those of rational mind!
Valid points. Purchased shares definitely display/promote confidence!
Adding a director supported by shareholders could be very positive.
Finding/placing/retaining a qualified, stable addition remains extremely unlikely.
Potential S-3 action at least renders the possibility, however remote, for a new director protecting actual invested resources.
Improvement, rather than compounding the problem is desired!
Hadn't noticed any similarity... Perhaps education and reason!
There's talk... And action. You can't and won't!
Do you ever tire of such irrational, mindless drivel???
Fishunter, wrong again. And clearly lacking financial acumen!
Struggling for 15% foreshadows the fools errand you envision.
VirTra shareholders would wisely dispatch/dispel your whimsical fantasy.
A deliberate and measured Board remains the clear choice over erratic and emotional storms.
The tide comes in; the tide goes out. As your raft of high hopes and notions drifts aimlessly out to sea.
Wrong again, And again... Rinse; repeat!
Your wheelhouse remains talk, rather then action.
Seems to be a common occurrence today.
And then trying to assign blame.
Your inability to garner even 15% support for a special VirTra election remains your continuing failure and not mine.
Your latest failed effort highlights that no change sometimes remains preferable to unsupported and erratic talk about change.
ARZ, obviously you have lost your mind!
The momentum is up, with some volume!
I expect something sooner rather than later.
My thoughts buy/hold, rather than selling.
We'll see, maybe something next week.
Money men/groups don't jump in at the highs!
They're looking for a sure thing that may prove to be even better.
------------------------------
From the 10-K:
In March, 2020, at a regularly scheduled meeting the Company’s Board of Directors unanimously approved the filing of a Form S-3 registration with the US Securities and Exchange Commission subsequent to the completion of its 2019 annual audit.
No bottom line profit; EPS tells the story!
Confirmed using any time frame, either in months or years.
I focus on the last 3 months, last 3 years, aided by NASDAQ listing.
Three months of silence given the world crises was absolutely irresponsible.
I expect new shares to come out, raising the degree of difficulty for change moving forward.
Virus/perception based indecision??? Better the devil you know!
Lost my votes in a flash.
Plus a steady hand on the wheel.
We go wherever/however Bob decides to take us.
New 'outside' buying may/may not begin soon!
Most likely related to the S-3 if it happens.
If 'inside' buying; things that make you say hummmm.
Would aslo explain lack of regard for the share price destruction.
Out... Maybe make that a hold next time!
No reason to be greedy; for now.
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~$152.925
The Tweeter that cried hoax...Now too little, too late!
Inaction has truly compounded the crises.
Lies over leadership was(is) no cure.
Finally, thoughts of ventilators.
Market bottoms remain only dreams for now.
Medical stabilization is necessary before any recovery.
Compounded if Hoax-boy really lets current 15 day isolation expire.
Printing endless money is no medical or financial cure.
Unfortunately, it does lead to financial disaster.
People are basically stupid...Competing without understanding the game!
Fools and their money soon parted. Rinse, repeat.
Question being, what happens when the casino cashier closes.
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But I completely disagree with your analogy.
Time to buy gold (GLD) again... ~$139.50!
This time likely to hold, rather than just another easy trade.
FREE UNLIMITED IHUB PRIVATE MESSAGING THROUGH APRIL 3rd!
Connect with fellow posters, current and past - 'View Posters' tab.
View their last posting date for current relevance.
Even discuss 'Off Topic' current events.
All for free... And private.
That's it... That's the perfect tone to take!
You will rightfully come under some increased scrutiny.
Hopefully, not as some crazed cowboy/outlaw.
Change is only change without results.
Just sayin...