Tuesday, March 18, 2008 1:53:50 AM
Teeroy,
On top of the existing strength in sales, Virtra's participation in the European version of itsec could not come at a more opportune time for international buyers.
The Euro is currently $1.57 to the American dollar. If a European entity is interested in buying into Virta, I believe it would cost them 63 cents on the dollar. That's a 37% discount for them to buy American. Please correct me if I am wrong.
Currently the American dollar is down and out, but historically it won't stay there for long. It is an attractive time to appeal to foreign budgets.
Kudos for Virtra's participation in this event.
b-17
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