VirTra Inc (VTSI)

[Schneidku40]

Didn't I see somewhere the details of the agreement? Does anybody know where that is? What I can find is just that MR can exercise their warrants for 5% stock in Virtra once they have paid Virtra $2,000,000 in royalties or have a location open for a year. I thought I saw somewhere how the royalties work out exactly. It was like Virtra gets $70,000 for the first $2m in MR revenue, something something etc.

I don't mind the royalty setup because it potentially gives Virtra a much bigger payoff if MR is successful. Give up pennies in profit now by installing the screens at cost but potentially get multiples of cost in return if MR is successful. If MR is not successful, Virtra doesn't get much. But I think it shows pretty good long-term thinking by Ferris to get a royalty set up like this. Sucks to give up potentially 10% of Virtra to MR, but hopefully it's worth it.