VirTra Inc (VTSI)

[ByloCellhi]

Lewis/Con Call

The inference in the con call - see page 8 - was PO Financing was the priority to be used and "issuing equity was least of our preferences" - here's the rest of the story"

"As far as how we are going to finance these, we are not too worried about that. We have had a number of dialogues - a number of discussions with people in the purchase order financing business - and once we obtain some contracts of a larger size, we can finance those through purchase order financing at a discount which we think is much more attractive than issuing equity. We can always issue equity to gain capital if necessary. However, that is probably the least of our preferences, and the least of our alternatives as far as avoiding shareholder dilution."

http://www.virtra.com/downloads/CCtranscript_6_30_2005.pdf