VirTra Inc (VTSI)

[ByloCellhi]

Avocado - Interesting

This was from the 12/13 PR of the Debt Reduction.

The company reasonably expects acceptance from holders of another eight percent, which, if received, would result in a 91% acceptance for a total reduction of $7.2 million, or 71%, of the company's debt. Further, the company is still attempting to locate another four percent of its debtholders.

"The proposal offered more shares if the debtholders agreed to contractually 'lock up' their shares for as long as 18 months, thus protecting our current shareholders," commented L. Kelly Jones, VirTra Systems' chief executive officer.

"We were gratified that the overwhelming majority, 86%, of the electing debtholders expressed their confidence in the company's long-term future. Of 5.06 million shares to be issued, only 215,280 will be immediately free- trading, while over 4.5 million will be locked up for 12-18 months.

The 12/13 PR says $215K of the 5.1M were to be free trading - looks like the people who signed up as the additional 8% opted for the free trading route. This is not alot of shares to chew through in 2 mos IMO as you stated as well

If this is the case what will happen when the other 5M become free trading?

Is this Dutchess selling off some of their position to attempt get some of their $ back and reduce their position?

Plus no news to speak of...awful quiet - too quiet to coin a phrase.

Excuses so far ----

Naked shorting
Govt on holiday
Troops not available to train
Key mgmt sick - Jerry get well soon
Previous disgruntled directors selling
BB market sucks - this one is true
It's the market makers but they are running out of inventory
others to add soon

Make more Kool aid!!!! Sorry couldn't resist...

Looking forward to the filing by 2/28