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Re: SirFelix post# 20420

Wednesday, 11/08/2006 7:47:17 PM

Wednesday, November 08, 2006 7:47:17 PM

Post# of 53917
Disagree Felix:

Voting "no" is like kneeling down.

Voting no is telling the BoD that they don't need 500M shares authorized to run Virtra successfully. I think the General knows, given sentiments expressed on this board and the CC, that many more shareholders would be more likely to vote YES if the number on the proxy was 200M or 300M.

This proxy is not do-or-die for the future, IMO. If the vote is close and it fails, they can file another proxy with a lower A/S and it will most likely pass. That will get the General his ~40M to retire debt, get product out the door and enable VTSI to continue selling more simulators. I also think a NO vote would raise the PPS, especially if a new proxy with a lower A/S is drawn up quickly and sales keep moving along the way they have been recently. Then it may be possible for the General to get rid of this debt with less than 40M shares.

Again, all my opinion.
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