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Begin seeking past performance from previous adventures!
Gather sentiment from other message boards of their previous worth when first dumped upon VirTra's doorstep. Share their inaction and weakness when they are dumped upon others. This could become the norm on message boards and save a lot of investors a lot of money. Beyond the cherry-picked resume; nowhere to hide.
Meeting listing requirements, for cheap and fogging a mirror seem the only requirements outside of rubber-stamp proficiency. Currently creating value remains both an inconvenience and afterthought.
Successful companies employ, encourage and empower dynamic vision and experience.
Unfortunately, VirTra is led by someone that solely and mistakenly already knows it all.
Hoghead7, thanks for all the great informative links!
As an investor, I seek/read FCEL information and make my own decisions.
Continuous 'why and what-if' back and forth really dilutes the factual input you provide.
I am not happy with the delayed progress by FCEL, but still question them directly for answers.
Thanks again for sharing so much DD!
No good way to spin consistent fails!
Improved earnings rather than good intentions mark successful management.
Continued excuses overshadow any positives the company may have achieved.
Share price plunge expected given poor earnings and lengthy timeframe for improvement.
Greatest concern remains management showing little regard to wasting both time and money.
Finding some kind of share-price bottom remains as elusive as improved management performance
Merry Christmas shareholders.
Nice report, thanks!
Sheep or shill??? Real confidence booster she be!
"...to continue the Company’s strong track record of financial performance."
Company reality descends into deeper denial. What color is the sky in the world of VirTra.
Corporate cronyism continues to fester.
Note market excitement expressed by today's volume.
Maybe they report next 2or3 as a batch!
Got to keep it close to the vest...
Performance???...!
Shareholders deserve who/what/how they vote.
Another 5 months of close-to-the-vest; another 10 years.
What's everything green, goes up and doesn't start with 'V'...???
Huge potential remains compromised only by gross mismanagement!
Expectation remains for some sort of learning curve progress or changed management.
That will likely require Givens getting the other losers to finally get out of the way.
Sole source supply could finally land a whale, or two, or three very soon.
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And then pigs fly...
Failed CEO continues killing shareholder value!
Failed CEO took nearly 1/2 million dollars in compensation for last year.
Failed ERP transition, failed accounting and failed timely move into new building.
Wasteful expenses continue to mount needlessly supporting overhead for three buildings.
Inept CEO requiring a Co-CEO for filling void, thus additional huge compensation package adding to expenses. A competent BOD would have replaced rather than propped-up a failed CEO. Instead, the BOD spent their efforts initiating an additional compensation bonus plan.
Justified current share price hit would be even worse with more volume.
Abrupt financial officer departure following extended late filings compounds fails.
This organization continues to completely lack in basic professional operational direction.
All while aimlessly cast adrift in a perfect storm of swelled governmental spending nearly everywhere.
Toxic Bob and crappy BOD strike again!
At some point moron shareholders will finally vote NO...
But how many more failed accounting employees and firms?
Demand bonanza created by government entities remains squandered.
So many fails, so much lost opportunity...
So many shareholders remain oblivious to reality.
Incompetent management continues to drag down success.
About any fair buyout offer would be a blessing.
Competent management unlocks our shareholder value.
Your shares, your vote!
But I respectfully disagree with that thought process.
Chairman, BOD, unnecessary given his additional failed Co-CEO and President titles.
Sales model having customers 'sell themselves' and send cash is never my first choice.
Order takers save pennies but cost dollars by failing to boost year over year bottom-line profits.
6,000 shares trading volume says it all...
Voting for Ferris odd, given his continued failures!
- His rubber-stamp crony directors
- His gross disregard for shareholder value
- His multi-failed Modern Round loser adventure
- His constant/multiple failed accountant revolving door
- His absolute failure to focus on exceptional sales performers
- His refusal to set milestones and hold himself accountable for failures
- His disinterest in even allowing a shareholder-friendly director for voting slate
- His double-dipping special bonus reward package after years of failed performance
- Etc., etc., etc.
SKYE revisited??? Gregg Johnson up for new director!
Comments from investor groups or anyone else already familiar or doing some DD most appreciated.
Or perhaps this is a different person/association only sharing a common name.
VirTra squandered precious resources into Modern Round fiasco!
Failure. Then doubled down, squandering even MORE resources into failing entity.
And of course, all while increasing management compensation.
Keep drinking the Kool-Aid; and be happy!
Yes... Perhaps yet another failing bottom-line profit producer!
Using technology from another company does not make a leader or insure profitability.
It certainly does assure additional expenses into yet another pig in a poke.
Shhhh... And better keep it very, very close to the vest!
Modern Round fiasco still burns.
Breakthrough technology??? How about some breakthrough bottom-line profits!
Tweedledee and Tweedledum team up for another venture into increasing expenses.
Not even a mention of increasing profitability by this seemingly not-for-profit management.
Alas, yet another new suite of expenses to fund, piled onto already ever-increasing expenses.
Until efforts shift to bottom-line profit and shareholder value, this equity remains but an exorbitant hobby.
Competent aggressive sales programs remain something deferred to the customers' initiative and responsibility.
Lots of fun, technical stuff. So cool... Backed by a crappy board of directors and crappy management.
Return on investment remains of little concern in the hobby world offering a dream job for life.
Gig work, without all the responsibility and stressful performance demands.
Technical bounce likely. Shareholder Value concerns remain absent!
A value proposition turned trading opportunity by failed management performance.
Outrageous bonus for harvesting low-hanging fruit falling into their baskets.
Zero accountability for increased expenses consuming revenues.
Cut compensation for failed quarters with less than 20% bottom-line profit growth.
That made retroactive... Then, perhaps, a bonus for exceeding performance.
Coincidentally, lumpy paychecks solve the lumpy quarter profit problem.
Management's failure to assure credible financial accounting was gross incompetence.
Unconscionable management/board was focused instead on increasing bonus.
VirTra falling into the sea of government inspired sales from simply answering the phone.
The company has little choice but to score huge, albeit very unwarranted rewards.
Trade strategy would now seem to be in play, although over long term maybe not so much.
Failure to perform kills reputation. Destroys shareholder value!
FCE's failures compounded by repeated delays screams incompetence.
Failure is never equated with success in the real business world.
FCE's failures wasted time. The devil they know!
They want the project work done. They have not changed.
Delay after delay may still bring a quicker completion.
Starting from scratch would bring more delay.
Not a good option, but their best option.
Complete do-over would then question their own competence.
Making the best of the situation does not mean liking it.
FCE getting a pass doesn't negate their failures.
No 'Fail to Perform Ok' in the contract!
There was no 'Best Efforts' or 'Try Your Best' or 'Participation Trophy' in the contract.
Repeated time-extension approvals would not have been necessary.
No excuses, they failed to perform on the contract.
Over promising and underperforming became routine!
FCE knew the requirements and accepted the completion terms.
Your attempt to place fault on the job is truly, truly bizarre.
FCE would sound like fools, unaware of the scope of the project.
They accepted the project, now continue failing to perform.
Excuses expose weakness and only serve to highlight the failure.
Prioritize the completion. Performance and credibility matter!
Routine failed completion/extensions never good!
Huge RED FLAG continues to smother required contract performance goals.
Ongoing fails surrender value to missed completion dates and performance specs.
Most troubling remains their lackadaisical / cavalier acceptance of lengthy delays.
Efforts should focus on timely solutions, not smoothing failure & increased expenses.
Much of their good continues to be squandered away by this bad. Reputation does matter.
VirTra Receives $9.0M in orders from Federal Agencies!
https://www.globenewswire.com/news-release/2022/09/07/2511448/34563/en/VirTra-Receives-Orders-Worth-9-0-Million-from-Two-U-S-Federal-Agencies.html
Other Info:
https://riverheadnewsreview.timesreview.com/2022/09/112408/featured-letter-proposed-firearms-facility-to-provide-benefit-to-law-enforcement/
Price reversal in play... Their honesty remains issue!
Still wonder if they learned anything or if they even care.
Losing trust cost a lot. Time and box is the answer.
Lawsuits never bode well for confidence.
$3.555
Expected overreaction to FED... Now the reversal up!
FCEL is just caught up in the overall market hissy.
The FED made it clear rates are going up to curb inflation.
No surprise there and to be expected until employment starts to fall.
FuelCell Energy needs to update investors of project timelines and progress.
Excellent... Givens obviously demands performance and accountability!
Definitely not just another contented lackey celebrating mediocrity.
Selection of new independent director will provide confirmation.
Absolutely amazing.
VirTra unleashed.
Blowout earnings report... Well done, Lynas!
Solid management and solid efforts yield solid results.
https://finance.yahoo.com/news/australias-lynas-posts-record-profit-225114030.html
Notate their huge percentage bonanza taken per $500,000!
This bonus in ADDITION to their other compensation and bonus received.
And mostly due to market increased demand changes rather than their own efforts.
Could just be ambulance chasers...Or not!!!
That's why squandering shareholder trust was so stupid and remains disruptive.
Years of trust intentionally destroyed by absolute business incompetence.
The threat of legal action may prove to benefit all shareholders.
A learning experience regardless of how it is resolved.
So much potential has been placed at risk.
Management must be held accountable for whatever facts are finally revealed.
Huge earnings miss...Massive hit to management credibility!
Absolutely shocking, with zero reason to trust ANYTHING they say in the future.
Some price recovery remains in order, but from here success requires results rather than words.
'Expeditious' efforts should also highlight new USA expectations!
I hope FCEL doubles down and maximizes on-time completion efforts.
They need to show what timelines are possible and then do it.
Price and earnings like 7 years ago too!
Incompetent / lazy leadership cannot even get out of their own way.
Even a complete jackass learns something after 10 yrs OJT.
Their biggest success remains self-enrichment.
Meaningful year over year bottom-line EPS increases remain only a mirage of high hopes.
Crappy BoD solution was to pay another position instead of eliminating the problem.
Trapping customer orders as sole provider is not the same as sales success.
Low hanging fruit proved difficult; now reduced to gathering off ground.
Earnings, not hope, is what supports share price. What a mess.
9) Proven... Clean, efficient, competitive; 24/7 long-term viability!
Questions only allowed from mindless/clueless shill analysts!
Continued CEO failures with multiple accountants will remain mute.
CEO chooses the caped super-hero image for failing to do his job on time.
Arrogance of furthering self-enrichment during a year of gross mismanagement also mute.
Failed quarters dismissed a lumpy with a share price about where it was 4 years ago celebrated.
Increased revenue without consistent 30% increased bottom line profits will remain only hopeless dreams.
Finally showing some minimal earnings after 10 years learning/masquerading as CEO is someone to be fired rather than rewarded.
Eventually trapping some of the endless money thrown about by multiple government entities remains far from heroic.
Forward guidance, how the hell are they supposed to know???
They are still trying to figure out what they did LAST year!!!
The hot mess continues...
Someday... And you just never know!!!
https://www.yahoo.com/finance/news/ford-adds-battery-capacity-lfp-134004293.html
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https://www.yahoo.com/finance/news/ford-ev-manufacturing-rate-lithium-iron-phosphate-battery-131424727.html
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https://www.yahoo.com/finance/news/ford-announces-series-deals-accelerate-113223544.html
......Ford's decision to use lithium-iron batteries in its best-selling North American EVs is the latest sign that lithium iron's lower cost - Ford said the chemistry can cut material costs by 10-15% - is worth the trade-off in range. Tesla is offering LFP batteries in some lower-priced Model 3 sedans sold in the United States. Electric truck and van maker Rivian also has said it intends to use LFP batteries.
Drake said Ford wants to secure more batteries and battery materials from North America, but cautioned: "I wouldn't say that we have 100% confidence that all of these can be localized...It's hard work."
Ford said it also has agreed with CATL to explore using the Chinese company's batteries in Ford vehicles sold in the United States, Europe and China.
CATL said in a statement "the two companies plan to leverage their respective strengths to jointly explore new business opportunities worldwide," involving lithium-iron and other battery technologies.
Lazy bums figure do nothing, do nothing wrong!
Well, the misfits certainly did nothing this time and we saw how that has worked out.
Even worse than being out of regulatory compliance is their refusal to accept any responsibility.
It appears board's main focus was deciding on more ways for doling even more compensation.
External forces created the additional demand while the lazy losers want even more.
They operate like this public company is their own private ATM.
There is something to be said for paying for performance.
No guidance, lumpy quarters speaks to their failure.
Order taking is very distant from functional sales.
And how many more accountants will they burn through?
Finally, they still remain absent a rubber-stamp lacky for the board.
It's 'new' but was posted 2 days ago!
Good on you for searching and looking...
Someday VirTra may grace us with what their revenue was for last year.
They may also delight us with increased expenses eating away bottom-line profits.
But I really don't expect much from the company before they lock-in their cheap bonus shares.
Likely the biggest thrill will be if they actually do finally file last years required 10-K filing. And the missing 10-Q.
And then the 2nd quarter 10-Q on time. Crap CEO and BOD will likely call for even more bonus shares; high-five all around.
Doing their job remains 'above and beyond' in their lazy, greed ridden minds.
External events like cop's-killing outrage requiring additional police training and the full military training reset with $$$ falling into VirTra's lap should account for the blind VirTra squirrels scoring some big bucks as those affected entities stumble into finding the new-to-VirTra big-building door.
Imagine what competent management 'could' have achieved given a similar situation.
Givens and taketh; round and round the Ferris wheel!
So, pay me now or pay me more, later, proprietary service/update 'sales' no heroic bonanza???
And even after being obliged to answer those pesky and bothersome phone inquiries.
You should know this sales effort is the culmination of new strategy and marvelous efforts.
Oh yea, and diligence. Always lots of diligence, second only to their accounting.
Best reasoned excuse; burning through 3 accounting firms!
Question being what items were/are being massaged and what future issues may now ensue.
And will the filings provide legitimate solutions for long-standing problems or simply offer further neglect as the remedy.
From 2020 10K: ------------------------------------------------------------------------
If we are unable to implement and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our Common Stock may decline.
As a public company, we are required to maintain internal control over financial reporting and to report any material weaknesses in such internal control. Further, we are required to report any changes in internal controls on a quarterly basis. In addition, we are required to furnish a report by management on the effectiveness of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”).
We will design, implement, and test the internal controls over financial reporting required to comply with these obligations. If we identify material weaknesses in our internal control over financial reporting, if we are unable to comply with the requirements of Section 404 in a timely manner or assert that our internal control over financial reporting is ineffective, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of the Common Stock could be negatively affected. We also could become subject to investigations by the stock exchange on which the securities are listed, the SEC, or other regulatory authorities, which could require additional financial and management resources.
-------------------------------------------------------------------------------------------
Management’s annual report on internal control over financial reporting
Our management, including our principal executive officer and principal financial officer, is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our management, with the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our internal control over financial reporting as of December 31, 2019. Our management’s evaluation of our internal control over financial reporting was based on the 2013 framework in Internal Control-Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our management concluded that as of December 31, 2019, our internal control over financial reporting was not effective.
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From 10-Q 9-30-21
Based on this evaluation, our
principal executive officer and principal financial officer concluded that as of September 30, 2021, our disclosure controls and procedures were not
effective. The ineffectiveness of our disclosure controls and procedures was due to material weaknesses, which we identified in our report on internal
control over financial reporting contained in our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 29,
2021.
---------------------------------------------------------------------------------------------------
8-K 11-22-21
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116282519&type=HTML&symbol=VTSI&companyName=VirTra+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2021-11-24&CK=1085243
Important enough to make comment on by prior accountants:
"During MaloneBailey’s engagement, the Company disclosed the ineffectiveness of its internal control over financial reporting due to the following material weaknesses which it identified in its internal control over financial reporting: (i) the lack of multiple levels of management review on complex business, accounting and financial reporting issues, and (ii) the failure to implement adequate system and manual controls."
Not saying and not knowing is quite different!
Microsoft is not about public service.
Entity agenda remains key.
Appear a bit antsy...