Hey guys,
New around here. Board has really been on fire with alot of vitriol.
Usually a reverse split is a kiss of death, I agree, but in our case I feel pretty good about it. The Gander Deal is likely 35 million plus over 3-4 years, as a conservative estimate.
I think another thing that noone talked about is subscription fees. As Gander expands their service, they will want new scenarios. These subscription fees will become the lifeblood of Virtra in 3-5 years. Great source of income, and not cost intensive(see netflix). Keep an eye on additional income aside from simulator sales, my guess is that we will see a growth in that number from quarter to quarter.
I wouldn't be overly concerned about nefarious purposes of Managment. As far as the board of director issues, I am fairly sure that they likely got that advice from their attorneys. (As stated in the conference call). If they were attempting to run the company into the ground to somehow buy it cheap, they are doing a terrible job. In a situation where a successful growing company gets run into the ground by management and then management buys it up cheap there is one inevitable outcome. Lawsuit. Class actions for shareholders are big money makers, and even taking the business judgment rule into account, this action would constitute a likely fraud as well as a breach of fiduciary duty.
Price hasnt caught up to the fundamentals on this bad boy. Probably will have a reverse split, price will likely drop short term, and I will likely buy the dip.
We have a rarity here, a fuctioning, growing penny stock that is turning a profit. Would not want to be caught shorting this one.
All of this is my opinion, not worth much as I am anonoymous and noone knows my true intentions.
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