VirTra Inc (VTSI)

[RoseBowl]

E pluribus:

Dutchess' shares? I can't figure that out. I don't know how they're paying Dutchess with apparently unregistered shares, unless they've made some type of post-default agreement with Dutchess to accept restricted shares. I know that Dutchess is highly regulated, and I see no reason they'd want restricted shares of this company.

I also do not understand the current expense aspect of the directors' compensation. Please allow me to clarify, however, that VTSI has not been accruing directors' fees "all along," as the directors were not compensated prior to May of 2006.

Candidly, the stock option grant disappointed me. I have no problem conceptually with granting options to management for excellent performance or for incentive purposes, but the timing seemed a bit off, especially in light of the continuing share price decline. It ruined what otherwise might have been an encouraging report.

Anyone else getting tired of hearing how hard they're working "building shareholder value?" Perhaps they're trying to build a company, but in light of the stock chart over the past year, they're certainly not "building shareholder value."

--RoseBowl