VirTra Inc (VTSI)

[KauaiPI]

holybull~tftr~sounds like we are in more agreement than might meet the eye...

the proof will be in the pudding, so we wait.
I've never denied the fact of the debt, and I've stated it is certainly nothing to sneeze at, but I will hold and let it unfold.

I agree that there is not much to do but now wait. I too have not denied the debt and feel it is certainly nothing to sneeze at as well. Likewise I am holding and letting it unfold.

Kelly did mention that Dutchess is a friendly debt holder, and they could be our "partner" well into the future. I'd be willing to bet that there is a good chance you don't believe that, but that is more speculation on my part

You are right on all counts. Kelly did state that he didn't feel Dutchess was the reason for the selling pressure, that Dutchess could be a "partner" well into the future and if you are saying I don't believe Dutchess in NOT selling they you would be right again... because I DO believe they are selling. If the conversion shares are restricted I would be wrong. If they are not, and they got them at .075/share average, why would you think they would not be selling off a portion of the 2+million shares they got for their funding? They are in business to make money, are they not? So why would you think they would not be selling? I do. If it were me, I would. It is that simple.

When the transcript is available you can check the actual wording but I believe Kelly said he had had "dialog" with them in regards to a secondary financing arrangement. What does that mean to you? To me it means new money in (where does Dutchess get their money from? I assume my selling shares from past deals and reaping the profits then plowing them back in to another financing deal with the same or different company) ... (cont.) new money in and a secondary means to me issuing treasury shares as in a secondary offering ie dilution.

It just seems that if you have so little trust in him, I don't understand why you would be a holder.

This is a little harder to discuss. First, it is not that I have "so little faith in him" (if you are referring to Kelly) and if you have *read* my previous postings you will see time and time again I found him to be sincerely trying to be successful, that he is both emotionally and financially invested in Virtra. You may not be as cynical as I, so perhaps you believe every word that he says? I seldom take that far a leap of faith. You may tow the company line without questioning while I prefer not to. I don't distrust him. I just don't place him on such a high pedestal. I believe, even with the likes of Kelly, you should, as SirFelix says in his posting signature, question authority.

Why do I maintain a position in VTSI? I believe they have a better mouse trap. I do not hold the amount of shares that most of you do. I have said this over and over again. IMO With a speculative venture such as this, with the known risks and the unknown domestic market penetration, coupled with the high debt and the legal proceedings, a large position, in my mind would be foolish. Secondarily, I have a position here with the hopes of making money, as do you, I suspect. In fact I have made money and am holding shares free and clear. I am not embarrassed to admit and disclose that fact and have done so publicly here on this board.

I hope that answers your question.

best!
kp