VirTra Inc (VTSI)

[ByloCellhi]

Debt Debt Debt - Little or no revenue

The debt info at the end is copied from your post. The company cannot survive without revenue. I posted months ago about Dutchess and OTCFN and most everything they touch goes south. The reason is companies go to Dutchess when they are completely desparate for $$$ at a very high cost. IMO Dutchess shorts the stock and plays both sides and then there is dilution, dilution, dilution. The stock is the company's main asset it seems and is the only vehicle to attempt to fund the business and it becomes a death spiral without sales and positive cash flow to fund the business.

Revenues for the second qtr were "$80,858 up 167% compared to $30,283 with lossses of ($527,785)" My guess is all the people they are "hiring" are consultants and not full time salaried people. Up 167%??? - sure there is a large % increase when they are compared to next to nothing...

As I have said before it's tough for someone in the brewery business to now be in the Homeland Security business.
Good luck you sure are going to need it.

Not a shareholder - never will be - just have been lurking. Off BB stocks forever and have been for the last few years. My $$$ is now in Fidelity stock funds last year bond funds and making an of avg 8% return and happy. The BB stocks are most all corrupt IMO and be sure this is $$$ you are prepared to lose all.

VTSI debt....

As of June 30, 2003 our liquidity position remained precarious. However, our recent increase in revenue from custom applications for the advertising/promotional market has given us some breathing room. As of June 30, 2003 we had current liabilities of $9,457,513, including $5,634,130 in obligations under the lease financing for the virtual reality systems formerly utilized in our amusement applications, $1,185,180 in accounts payable, and short-term notes payable of $848,411, some of which were either demand indebtedness or were payable at an earlier date and were in default. As of June 30, 2003 there were only $41,699 in current assets available to meet those liabilities. We will be able to continue operations only if holders of our short-term notes and lease obligations continue to forebear enforcement of those obligations.