Replies to post #38369 on VirTra Inc (VTSI)

[weeblewobble09]

We only get 5 or 10% right? But we would stock future locations. I think it could be a hit if done right. I guess if there's tons of locations it could be substantial. One or two locations, not very significant.

[TEEROY]

bill,

My two cents; we know very little but I like the concept and the founders add credibility. I think VirTra negotiated a very strong deal recieving 5% equity(up to 10%) and 7% royalties on all gross sales with a minimum royalty payment. I've seen pictures and videos of the interiors and it's impressive!

Top golfs revenues are broken down 80% food and beverage and 20% golf....I think thats a strong argument on why this has a better chance of being a "hit" compared to Gander mountains demise. Top golfs locations are averaging between 3.5mil and 6mil per year and are adding 9-12 locations per year. Modernround plans on adding additional locations in early 2017 possibly vegas and austin texas then 3-4 a year after that. I think "if successful" they can average 2.5mil-3.5mil per year per location.

MR has pretty ambitious plans and think that could hurt them regarding the capital requirements it will need to build these future sites. I think this leaves them very little margin for error and they must do everything right.

[fishhunter]

My guesses:

If Modern Round is a hit (I give it a 50/50 shot) then VirTra will benefit greatly simply from the money they will receive quarter after quarter. I would view it as frosting on top of the cake. Sort of a nice "kicker" each quarter.

The Gander Mtn thing never worked out because it wasn't a good fit for either company. Gander Mountain is in business to sell guns. That is the only thing they sell that they make money on (really!). VirTra's systems never had a chance there because they didn't help GM sell guns. Simple as that. VirTra AND Gander Mtn should have been smart enough to figure that out before even starting down that path.

Now my real wild speculation.....If Mod Round is even a little bit successful, they will do an IPO and become a public company on a major exchange. Then VirTra will merge into Mod Round and all our liquidity, valuation, uplisting issues are magically solved....and we all laugh all the way to the bank!

Have a great weekend Bill. (I am sort of serious about my last paragraph.)

[Schneidku40]

Honestly, I'm not that excited about it.