VirTra Inc (VTSI)

[fishhunter]

It is amazing how some can have views 180degrees from the truth. Due to the info in the proxy we now know there are no roadblocks to prevent VirTra from becoming a Nevada corp and uplisting the stock within the next 3 to 9 months. With that, the value will be unlocked.

Just think about what VirTra and VTSI will likely look like 1 year from today. It is super easy to visualize and obvious.

Total shares outstanding=15.8million
FY17 revenue=$25million
FY17 net income=$5million
Net cash on balance sheet=$5million
3 Modern Round locations up and running, success appears likely.
VTSI trading on a national exchange, likely OTC.

So, based on that snapshot, where will VTSI be trading? EPS will be 32 cents per share. At a market PE of 20 which is also about VirTra's longterm growth rate, the stock will be at $6.40. If you like PS or EV better, then use a multiple of about 3.5 and you get $5.85.

Now start to think about what happens when VTSI is discovered and gets hot and funds want in and they see EPS going from 32 cents to 50 cents and suddenly drive it to a still reasonable PE of 30 and peer-like PS of 5 or 6. People selling VTSI today at the equivalent of $2.40 per share are being rather short-sighted.