You have to consider why shareholders can vote on these amendments. Voting against what management wants isn't evil. Should this stock ever get uplisted to Nasdaq, there won't be any chance of passing amendments that take away power from shareholders. A reasonable RS after an audit and definite plans to uplist would likely pass, but not the other amendments -- especially an amendment that would prevent Virtra from uplisting to where they plan to go.
Right now, I haven't a clue what to make of this stock, although the company has improved in the ways you stated.
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