VirTra Inc (VTSI)

[Carter10]

If the proxy was handled properly: ie If Bob conveyed the Nasdaq intentions from the get-go, Virtra did due diligence to realize that a 1:100 split is overkill and not generally acceptable by investors, and they made a prior effort to communicate with investors frequently to establish a relationship, then people would have voted yes. Not voting is the equivalent of "No"...and the above reasons are why most voted no by not voting.

Look how many companies get measures passed through proxy's. It's very possible to do with investors, it just requires an effective process from the company to make it happen. It is fully the responsibility of the company to lead investors down the path properly...and Virtra/Bob is hopefully learning.

You are crazy if you think investors won't vote if Virtra says we are going to Nasdaq on Jan xx, 2011, we are doing a reverse split to meet minimum nasdaq guidelines (not overkill), we have the BOD requirements met, all Nasdaq requirements are met and we have the audits complete or scheduled for completion on XX date? Now that is one way for the company to handle the proxy...but the opposite of how Bob handled it....so yes it's squarely on the shoulders of Virtra that people did not care enough to vote.

See the difference and why people might vote "no" or not vote at all to show their no vote?