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Re: bacchus17 post# 22417

Thursday, 01/31/2008 6:56:15 PM

Thursday, January 31, 2008 6:56:15 PM

Post# of 53844
I talked with steve last night. I asked him what stage the SB-2 filing was in and he said he did not think they were going go through with it. didn't go into the who, whats and y's but....I think the original reason was to secure money for future orders. I believe if they do get a large order they will secure private funding with the help of GSA commitments. I previously found on the web a Incubator/consulting company that mentioned virtra looking for funding with the help of GSA commitments....although I can't find the link anymore.

We talked about the patent applications and what stage they were in.....he wasn't sure and said technology is consistamtly changing in this industry and wasn't sure if they would hold merit. I asked him if the threat fire belt could be liscenced to other systems and he said their has been interest from other companies.

We discussed the prime contractor relationships and said they are still in the hunt for orders....raytheon is not one of the primes.

micheal kitchen left the company months ago.

asked him about Afaq consulting group and said he could not talk about that....he sounded suprised when I brought that up.

He sounded positive about 4qtr and year end financials and we could be in the black as General Dalby has been alluding too.

Hope that helps B17. I'm glad your onboard you offer good insight/info regarding the defense sector and to that I thank you

Teeroy
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