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GregginAZ

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GregginAZ

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Thursday, 07/28/2016 8:14:50 PM

Thursday, July 28, 2016 8:14:50 PM

Post# of 53784
It is plainly obvious that the company is taking steps to be able to provide for better governance in the future. As is well known VirTra has been unable to achieve shareholder quorum for many years and this makes any fundamental action impossible to implement as shareholder consent cannot be obtained. In seeking to move to NV the company is proposing to adopt a VERY shareholder friendly set of governing documents that shifts a significant say back to shareholders. If any of you take the time to read the current TX Articles and By-Laws you will find that they are typical of a closely held private corporation and would NEVER pass muster for uplisting to a National Exchange.

The NV Articles and By-Laws are very much in line with the qualitative requirements of NASDAQ and NYSE Mkt.

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