VirTra Inc (VTSI)

[gemmerling]

KP - See bold.

OT-Greg~I don't quite understand the reason for this post?

it is not CRGQ it is CXN now a big board stock

1) I understand AMEX to certainly be *bigger* than otcbb <g> but each his own as to what a big board stock it... to a pink listed company the otcbb would be "bigger"

I guess I call any board above the OTCBB the big board because they are real exchanges. I should have said major exchange.

2) I understand CRGQ is now CXN. I first looked at CRGQ's past filing with the hopes of understanding the share price relative to a possible RS speculation.

I was looking at it to see how close their financials matched VTSI

3) in so looking I scanned that filing quickly and saw penny warrants everywhere which prompted my comment; "Then what they are trading for? Go figure. Not one I was interested in investing in. To each their own, I guess"

My mistake I thought you looked over their filings and were surprised that they obtained an AMEX listing based on what you read.

Greg- you posted; I say: What does that say about financials playing a big part in getting on a Big board? Sounds like if you are a good story stock you can get on the AMEX.

Greg, with all due respect you have been saying that for YEARS so one *might* draw from that .... that VTSI might not be the great story stock you think it is? That there are other reasons VTSI can not make the jump? That Kelly is intentionally keeping the share price depressed due to on one hand saying he knows the jeopardy to the shareholders in remaining on the OTCBB while on the other hand is not making the hypothetical move to a better exchange (if that were even possible)?

I will keep saying it until it happens. Kelly's words. Fehrenbach: That’s encouraging. Kelly, also one more thing, then I’ll back off here and give someone else a chance. You also stated the company plans to move away from the Bulletin Board to an exchange, and we’re actually running ahead of our plans. What does running ahead of our plans imply? Is there a target date, and what is it?

Jones: No, there’s really no target date, Dennis. We want it to happen, and we want it to happen sooner rather than later. I can only relate what people have told me, because I’m certainly no expert on getting a company to an exchange. I’ve been told that we could be on the AMEX now, if we wanted to. The AMEX, from what I understand, is fairly aggressive about inviting new companies to be on the exchange. They have the old quantitative standards which are, I think it’s six different alternatives, where if you have X-number of shares and X in the float, and a certain share price -- there’s a number of different factors, and there’s several different scenarios that you can qualify under this one or that one or that one. They also have the qualitative standards, where they review your company independent of those quantitative standards, and make a decision whether to accept your company or not. We feel that the time to do that, Dennis – it almost gets back to my theory of how I think a public company should be run, at least one like ours.

I’m certainly not criticizing Jack Welch at GE, who I understand focused on the share price. No doubt that’s the largest company in the world, and a mature company, and could we say, just a little different from VirTra Systems. At a company like ours, I think the focus should be on the company. Sure I wish the share price was higher, and I wish it wasn’t artificially lowered by the former insiders selling, but we’re not a mature company. If we focus on building the company, if we build the products, put the team together, develop the technology, take care of our financial situation, if we build the company, I sincerely believe the share price will follow. I think the appropriate time for us to contemplate and move to the AMEX, or maybe NASDAQ Small Cap -- I’m not curtailing that opportunity -- is once we have begun to penetrate, once we can convince, we can demonstrate and convince, the investment community that this company is for real, we have revolutionary technology, we are entering new markets, and we are beginning to deeply penetrate those markets, I think that’s the appropriate time.


Greg, what are you saying?

I have spent a good deal of time looking back over September and October posts (2002) in which we discussed the potential of this company... ie the 2Q missed profitability, the potential to be profitable in that 4th Q, the great news of a CC was coming, then your understanding of what YOU heard in that call, and that a move to the AMEX was possible within a year!

It didn't happen, did it?

Did you read this post yet about the back stabbing employee's? It might answer a lot of your questions or maybe not.

http://www.investorshub.com/boards/read_msg.asp?message_id=2815212


Will it happen this time around? Well things are certainly better than they were at the point of the last CC.

Like religion, it all comes down to faith and hope IMhO

I wouldn't still be holding my long core position if I didn't have any hope that they might pull it off. I must add I don't have the "faith" to the degree that I find most here do.

IMO it will happen and most longs appear to agree. Companies have setbacks now they have a good sales staff and the best training product in the world lets see what they do with it.
best!
kp