Hi weo. Interesting opinions you have. My opinions disagree with most of yours. The split ratio has nothing to do with trading liquidity. You can see that today in crystal clear terms since the company has 158mil outstanding shares and daily volume is essentially zero. The problem is not the number of shares or the performance of the company. Read that last sentence again because it is important to understand. The company's track record over the last 8 years is really good, current performance is spectacular, outlook has never been better. The reason the stock is at 22cents and not 60 cents is because funds and institutions and money managers cannot buy it. They cannot buy it for mostly 3 reasons.
First, the share price is well below $5 or $2 or $1. Many institutions/funds can't touch such a stock.
Second, the stock is not listed on a major exchange. Many institutions/funds therefore cannot touch it.
Third, the company's market cap is sub-$500mil or sub-$100mil or sub-$50mil. Many institutions/funds cannot buy a stock in a company this small.
Getting it listed on the OTC or Nasdaq via improved BOD/SEC reg/reverse split will solve the first two problems. The third problem will get taken care of by the first two problems being solved and ultimately over time via company performance.
There is no uncertainty. No CEO is ever going to put out a detailed milestone plan with dates. Ferris outlined the path in crystal clear terms yesterday in more detail than most companies would provide. They are obviously committed to carrying out this plan. I disagree with you regarding an insider posting on this message board. I have read every post on this board for over a year and have yet to read anything close to insider info.
Whether RS makes the share price $2.50 or $5.00 will not make a ton of difference. That said, it is easier to make a stronger case why a $5 price will result in more daily trading volume than a $2.50 price.
I own 4 or 5 other stocks that have revenue in the $50 to $200mil range yet have total outstanding shares in the 3mil to 8mil range. Each of these have trading volumes that average about 1% of outstanding shares per day. That is a healthy volume and I believe that one way or another it is going to happen for VTSI as well. I have also been through 5 or 6 reverse splits over the years and even though none were done for reasons as good as VirTras, every one worked out extremely well. EMMS is the latest example. HSKA was one of the best as was OTIX.
