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Re: guntherfd post# 40019

Monday, 11/14/2016 7:58:22 PM

Monday, November 14, 2016 7:58:22 PM

Post# of 53784
MR Q3 out. 500k gross sales and 1 mil loss

https://www.sec.gov/Archives/edgar/data/1609319/000119312516767796/d276680d10q.htm

On October 26, 2016, VirTra exercised its warrant received under the Co-Venture Agreement dated January 15, 2015. With the exercise, VirTra will be issued 1,676,747 shares of Modern Round common stock in exchange for $0.20 per share. The proceeds of $335,349 are being offset by the accounts payable balance owed to VirTra by Modern Round, resulting in a net cash inflow of $288,550. We are in the process of issuing the shares with our transfer agent.
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