VirTra Inc (VTSI)

[fishhunter]

That is likely the smart way to look at it and I suspect you are correct on your overall take. I had never run across a company with two CEOs before and it still disturbs me.

The other thing I don't like is why it is taking so long to publish Q4 and Q1 results. I was with Honeywell when they implemented Oracle and with Greenheck when they implemented SAP and so I know it is a painful, cumbersome, difficult transition that ALWAYS takes longer than expected for any company, especially if resources are a bit limited. But I also know that for Q4 the audit could have been separated from the ERP implementation. Even for Q1, it could have and should have been separated. VirTra ships a very limited number of "SKUs" and limited volumes and small number of customers. They also have very few physical sites and likely only 1 or 2 main "money in", "money out" accounts. So in terms of scope and difficulty it seems to me that an audit of VirTras numbers should be relatively easy and quick. 2022 is now half over, no real excuses remain.

One silver lining (for me) is that I have been able to buy back in in a significant way at what I believe to be a decent price, another silver lining is that this snafu has elevated VirTra and put the on the radar of several activist firms.