VirTra Inc (VTSI)

[ByloCellhi]

Headnorth

Positive fluff PR's mean zero. Read the SEC filing - the real information about the company.

http://www.edgar-online.com/bin/cobrand/finSys_main.asp?nad=&formfilename=0001162327-04-000035&a...

Kelly can attempt to spin financial progress but this is an aircraft carrier in a pond not the ocean.

Check out some additional Legal Proceedings in Item 3 - Q4 was very busy. More people wanting their $ through the courts.

The current liabilities of $9.6M including $6M lease obligations is the albatross for this company and negative cash flow.

The only real asset - stock will continue to be used so more dilution - dilution - dilution.

Outstanding shares now 50M - 3/25/04
Outstanding shares 12/31/03 - 42M - increase of 8M in 3 mos
Outstanding shares 12/31/02 - 35M - increase of 7M in 1 yr


A reverse stock split coming? Yes they can spend $25,000 on touts and stock promoters? Is that $ well spent?

Go to #2 in the Notes Section - Going Concern Considerations

First # is as of 12/31/03 and the second # is as of 12/31/02

Net Loss $(1.6M) $(2.7M)
Negative cash flows $(829K) $(639K)
Negative working capital $(9.2M) $(9.1M)
Accumulated deficit $(13.3M) $(11.7M)
(The $lost or made since company inception)
Stockholders' Deficit $(8.9M) $(8.6M)
Negative net worth

This is reality.
Good luck