VirTra Inc (VTSI)

[fishhunter]

At this point any and all speculation on Ferris’ motives are in play.

Think about the mechanics of what is involved to fully audit a tiny company like VirTra with $20mil in sales from a very limited product line and literally a hand full of orders each month. It is SIMPLE! One single person could EASILY complete this in 80 hours of work along with the cooperation of the company finance/accounting personnel.

So it is fair to speculate on the game Ferris is playing. I used to think he was smart and just a little “mad scientist disorganized.” But I do not think that is the case. His actions as CEO suggest an inability to recognize and focus on what is important. An inability and lack of desire to grow the company aggressively. And because he installed a BOD filled with spineless jellyfish no one holds him accountable.

He must be removed as CEO.