Wednesday, October 18, 2006 8:38:43 AM
It seems to me that managers of small companies are getting away with activity that is criminal even if it is not punished as such. Fiduciary responsibility is not always fulfilled, and the judicial system is not responding, which means that shareholder control is even more important than if (a) integrity was commonplace and (b) the judicial system punished evil-doers instead of rewarding lawyers.
You are not responding to what I've actually said. Instead, you are setting up a straw man and setting him ablaze.
Let me help you. Begin with a softening statement that strokes the other.
"Ellington, you are correct [Ahhhhhhh...] that other companies have pulled the wool over the eyes of shareholders. However, Virtra is different. [Oh?] First, the company has an actual business, is not vapor. Second, the company is led by a man of integrity whose every interest is to be successful. Third, the merger is in a late stage of negotiation, and the firm probably intends to give details that will remove at least the depth of your concern. Fourth, I don't think that a failure of this proxy will have devastating consequences, so we need not be so focused on ensuring that the company knows that it has an uphill battle. Worse comes to worse, they will re-issue the proxy in time for a decision in early 2007. Fifth, although it is possible that the Board was trying to sell a significant portion of the company's assets at fire-sale prices, we do not know the details and may be able to learn them at a conference call."
You may want to improve those points to reflect your perception and to otherwise respond to the real and appropriate concerns that are being expressed.
Recent VTSI News
- VirTra Sets 2024 Annual Meeting of Shareholders for Monday, October 21, 2024 • GlobeNewswire Inc. • 09/19/2024 09:18:22 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/06/2024 08:05:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 10:24:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 01:54:23 AM
- VirTra to Participate in the 2024 Gateway Conference on September 4-5 • GlobeNewswire Inc. • 08/22/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:28:58 PM
- VirTra Reports Second Quarter and First Half 2024 Financial Results • GlobeNewswire Inc. • 08/12/2024 08:26:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/12/2024 08:26:20 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:05:29 PM
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