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Re: sharpchicity post# 52183

Wednesday, 05/11/2022 9:37:44 PM

Wednesday, May 11, 2022 9:37:44 PM

Post# of 53671
I preface this with every disclaimer possible. It is all just pure guesswork on my part, Just as likely to be wrong as correct.

Burlend- he goes way back with Ferris, they traveled together frequently during VirTra early days, they trust each other and Burlend will ALWAYs defer to and agree with Ferris. Burlend will walk off a 1000foot cliff if Ferris asks him to. Burlend adds no value as a director. At best he is an average engineering manager, not qualified in any way to live up to his titles.

Richardson- Ferris got to know him when VirTra tried to buy his company NaturalPoint but VirTra lost out to a China based company that offered more $. They came to be friends via the buyout negotiations and Ferris asked Richardson to be a director….only one catch….Richardson may have had to agree to never try to take control of VirTra.

Brown- Local Phoenix guy who did some accounting work for VirTra and Ferris going way back a couple decades. While he is a director he is 100% completely hands off and does not stand up for shareholders or anyone else. He is a pure rubber stamp, just occupies a chair. When I spoke to him several years ago his attitude stunk, he did not care about shareholders, couldn’t fathom why anyone (me) was calling him to ask questions and to go to bat for shareholders.

Givens-No idea. But perhaps (I hope) this was a major mistake by Ferris and he actually picked someone willing to grow the company and take down the arrogant insecure emperor. While that is my hope, I think this pick was Ferris way of buying some key military contacts.

The one thing I have never understood is why Richardson has not taken over the company. I also believe that for Greene and Burlend to be on the BOD is asinine.
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