VirTra Inc (VTSI)

[magicatlast]

Dear Mssrs. Ferris and Andrus;

Good character is one of the most important attributes a person can achieve in their lifetime. If I have learned anything in 60+ years, it is that you will always continue to make mistakes in life, hopefully smaller ones as you get older, wiser, and more experienced. In fact, mistakes are just what makes you wiser. That is, of course, if you have learned how to deal with them when they occur.

One of the greatest indicators of good character is recognizing your mistakes, promptly admitting them, and taking whatever action is necessary to correct/mitigate them. You have such an opportunity before you right now. Whether due to bad advice, poor judgment, inexperience, or whatever, clearly the proposal that is being offered to shareholders contains some elements that are just plain wrong.

Please take this opportunity to demonstrate your good character and withdraw this proposal in its entirety. You have brought this company to the brink of major success through your hard work and attention to the fundamentals of the products, along with your ability to market the products very successfully. Punishing the shareholders who financed this endeavor by continuing to pursue the current proposal would certainly not be an indication of good character, and would not be in the best interest of the company going forward.

Your serious consideration of this suggestion would be very much appreciated.

Magic