VirTra Inc (VTSI)

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Reverse Split, Revisited

Back in March/April of 2011 when Virtra proposed a reverse stock split the PPS was trading between 7 and 10 cents a share, a level not seen since. Presently we are down to 4 to 5 cents, and unless we can get more eyeballs on the stock its likely to remain there indefinitely, if not fall some more.

Like it or not most investors don't even look at stocks selling for under a dollar a share. I have a cousin that manages $300 million who would like to recommend VTSI to his clients but can't, as he is not allowed to even mention anything that sells for under a dollar a share. How many others out there are also constrained by the PPS?

Today we are heading for two years of audited financials but that's not going to mean much on the pink sheets. We need to get back onto the NASDAQ, and we cannot do that at 5 cents a share.

So how about we call for a 1 for 40 reverse split, and instead of looking at why that might fail, we look at why that might succeed?

As someone posted earlier, two other companies that did this benefited, the shareholders came out ahead. Are there other successful reverse splits? Is there an optimal ratio that works best?

We've all been sitting on this board and complaining about how they don't do anything for us. Maybe we have it all wrong. Maybe its what we can do for the company that enables us to finally make money on this investment. I've been a shareholder for longer than I want to remember, and all I ever read about on this group is how awful management is doing and why don't they do something different?

Well maybe we should do something different.

Can anyone see that doing nothing gets us nothing?

Andy