VirTra Inc (VTSI)

[Portguyofva]

I don't recall where I saw it, maybe last annual report, I will look on the weekend; but I'm pretty sure the exercise price on the majority of the outstanding warrants is well above the current share price. That would account for the outstanding share balance remaining relatively constant the last several months. With regards to no Form 4s, Virtra is not obligated to submit Form 4s as a non-reporting company. I suspect BF did acquire the additional shares on the open market and/or through a stock transfer.