VirTra Inc (VTSI)

[LeGoose]

Just so I'm clear - Don is suggesting that these are 3 recs that VTSI is potentially bidding on and these clients are said to care what stock price VTSI is trading it?

They don't care anything about market cap, corporate debt, VTSI being an un-audited, non-filing Pinksheets company?

Gander has committed a much higher value, long term contract to VTSI and managed to get beyond an .08 share price. They have much more to lose if VTSI can't fulfill their end of the deal.

Just so we're all clear, the only thing that will change with this reverse split is that VTSI will trade at 100x the share price that the stock was the day before the split takes effect.

Liquidity will be nil and it will be difficult to buy or sell.

We'll still be on pinksheets, we'll still be un-audited and we'll still be non-SEC filing. These are the items potential clients should be concerned about.


I'm still finding it hard to believe that any potential client would consider solely a vendor's share price.

IMO - the ideal situation is still the following:

1) un-gag the TA
2) become SEC reporting (whether on the Pinks or OTC) Ferris was correct in saying that the MMs of many OTC companies have stopped quoting on OTC which trigger the company to automatically get listed on Pinksheets where it's cheaper for MMs to operate (IMSC for example) Those companies still file with the SEC and remain SEC compliant.
3) have all quarterly and annual reports audited
4) appoint independent board of directors to pre-comply with nasdaq requirement
5) keep on moving the company forward
6) announce a R/S with a simultaneous nasdaq uplisting