VirTra Inc (VTSI)

[ByloCellhi]

L Kelly

You said" "For Bylo and the others, from my perspective, even 16 months after my ouster, there's still nothing inherently wrong with Dutchess' financing. However, with Dutchess (or any other convertible debenture), the company is betting on performance, market emergence, growth, AND AN INCREASING SHARE PRICE to "stay ahead" of the conversions if the cash flow doesn't sufficiently materialize."

Agree - the company was betting on performance and ROLLING THE DICE ON THE COMPANY CHANGING HUGE DEAL which never happened. Dutchess type deals are only good for very short term financing and then paying them off quickly. Which obviously. History with Dutchess deals on the OTCBB for companies succeeding are very rare. If the debt is not paid off quickly it becomess PYTHON financing and strangles a company with massive dilution.

It is still a desparate senior mgmt financing move and if the the company was on the verge of turning the ship around more company friendly financing could have been secured.

Where are WE today? With the current share price the SHARE PRINTING PRESS IS WORKING OVERTIME. The lack of volume is inhibiting the # of shares Dutchess can convert and as volume picks up more shares can be converted. Lower price more shares...

Price now at $.02 - it gets worse from here. The sells should have been made to bail at $.05 - $.04 - $.03 and now $.02 to get "sonething" or you get left holding the bag and a complete tax writeoff.

Time will tell