VirTra Inc (VTSI)

[dougjohnson]

weeble: If Bob is taking it private he wouldn't be paying himself to get the shares that he already has.

I would expect that he would want to reduce the PPS from say .08 to .0008 and buyout the remaining owners at that price. With a 1 for 100 R/S and the PPS falling back to pre-reverse levels the equivelant shareprice, pre-reverse, would be .0008. 1,580,000 shares at .0008 is a little over $1,000. Once the company is owned privately the new owners keep all the profit. They don't have to share it with the current owners (shareholders).

Don't get me wrong, I HOPE that Mgt. is not attempting to go private without a reasonable offer to buy-out the current OWNERS.

The company appears to be doing quite well but the stock is not.