My impression of the CC was that they had discussions on where to go from here and decided that a RS should be the first step towards a possible uplisting. And it eliminates the perceived barrier of a penny stock company going after foreign orders where the stock price might make a difference.
I do not think the management is all that up on how to run a company from the perspective of "proper procedures". But then I'm not investing in VTSI with the expectation of anything other than the operating side, figuring that when they started accumulating real resources they could address some of these other issues later.
Keep in mind that the company almost went under a few years ago. At one point in 2008 the market value was all of ~$260,000.
I think Bob has done a wonderful job of bringing it back from the grave. Today's value is almost $12,000,000.
If some shareholder's expectations are too high for what Virtra can do then maybe they should sell out and invest in something they are more comfortable with.
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