That is a very good questionTEEROY. I believe the answer lies in the fact that the company WILL do a reverse split at some point in the future to gain an uplisting. In Nevada a reverse split can be done by board consent as long as the issued and outstanding shares are split in equal measure. So given that there will likely be a reverse split to accomplish an uplisting then the company can do the reverse and still have enough authorized shares available for an acquisition or subsequent financing. Of course just because shares are authorized to be issued does not mean they will be issued. CEO Ferris has been very conservative in his use of the treasury to finance the company's growth. Hopefully this will continue.
To your point Bob has treated shares like gold with almost no dilution over the last four years. If VirTra does do a reverse split of 10-1 the O/S become 125 million which in the scope of things seems small in scale.
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