VirTra Inc (VTSI)

[ByloCellhi]

SF

Are you kidding me???

This is your full post:

"As of March 15, 2007 these are the total shares owned by: Kelly(7M), Ferris(7.8M), Wells(5.5M) and Dalby(4M).

Its nice to see Dalby has a vested interest in the company. Dalby's salary is also fairly low, 2006 was $87,500.
Dalby's salary is performanced based:

"We have an employment agreement with General Dalby which expires in June of 2008. Under that employment agreement General Dalby is entitled to a salary of $150,000 per year, and to receive compensation of $10,000 per quarter while a member of the Board of Directors. Both the salary and the compensation for serving as a director may be paid in stock, cash or stock options. In addition to the salary and director's fees provided for in the agreement, if we report a profitable year of at least $100,000 in net profit, the General is to receive 7.5% of net profit in the form of cash or stock. Further, he is entitled to stock options under which he may purchase up to 2,000,000 shares of our common stock at a price of $0.035 per share upon achievement of the following goals:
500,000 shares if our stock price averages $.10 or higher for one quarter an additional 500,000 shares if the stock price averages $.25 or higher for one quarter an additional 500,000 shares if the stock price averages $.50 or higher for one quarter, and an additional 500,000 shares if the stock price averages $1 or higher for one quarter."

So I guess he has some motivation to see this company succeed

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You claim you posted this "
I said, for the 3rd time, Dalby's 2006 base salary was $87,500. Add in the 2006 options of $5,000 and his total salary was $93,500. Much less then the last CEO.

We don't know the details of the employment salary incentives other then what I posted from the filing. So, its safe to say that we do not know what his salary will be for the fiscal year 2007. The word "entitled" is a subjective one, so I'll wait and see what the 2007 10K has to say about the matter.

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Anyway all is well with the world - the Red Sox are up on the Yankees by 10 1/2 games lol