VirTra Inc (VTSI)

[gemmerling]

From OTC Journal...

VirTra Systems (OTC BB: VTSI)

I chose to lead off with VirTra Systems, because I believe this situation presents the most exciting opportunity of the three.

I expect the stock to trade poorly for the next several weeks due to an excess supply of stock having nothing to do with the fundamental progress of the company.

Mr. John Aleckner was one of the original founders of the company. He left the company some time ago and resigned from the board. Aleckner had been awarded over 2 million shares as compensation for a substantial loan to the company. Aleckner is now divorced, and his wife received half the shares in the divorce settlement.

VirTra Systems recently attempted to block the sale of these two million plus shares in a Texas court in an attempt to protect its shareholders. VirTra lost the motion. During the proceedings the former Mrs. Aleckner stated her intention to immediately sell her shares as soon as they were registered to trade freely. Based on the way the stock is drifting down, I believe Mr. Aleckner has already begun selling his shares. This event was disclosed in a 8-K filing with the SEC.

As a result of this temporary excess supply of stock, I expect shares of VirTra Systems to trade down in the near term.

VirTra delivered outstanding results with it's new Judgemental-Use-Of-Force training simulators in the second half of 2003. I believe this company will take their business to the next level in the first half of 2004. I can't say how low the stock might trade, but in this particular case the short term glitch should be viewed as an exciting opportunity for those who have not established a position or would like to add to their holdings.

http://www.otcjournal.com/archive/listserv/20040129-1.html