VirTra Inc (VTSI): I couldn’t stand the silence, so….. R...

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fishhunter

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Tuesday, 08/30/2022 9:50:01 PM

Tuesday, August 30, 2022 9:50:01 PM

I couldn’t stand the silence, so…..

Remember a week or two ago when I was wishing the POWW CEO Fred would buy VirTra? Well, since then he did something incredibly stupid, he announced his intention to split Ammo, Inc into two companies. It really is a stupid idea and as a result the stock has tanked by 40%.

The reason I bring it up is because one of the POWW directors has decided to go after control of the company to halt the split. Just a day or so ago he put forth an alternate slate of 7 directors! I didn’t know that a sitting BOD member could do this. Pretty ballsy move, though he is the biggest shareholder at 17%.

Makes me wonder why a guy like Givens or Richardson didn’t try this sort of approach? Maybe simply because without being a big shareholder it would be an impossible path? It also makes me wonder if Givens promotion to CEO was driven by Givens….or maybe Richardson?