Replies to post #41197 on VirTra Inc (VTSI)

[billpr]

I don't think SCAM was the proper word, but they are not going to buy-back 5-10% and the effect of the plan they have in mind will be very short lived. As I posted, I don't know what to do with our money, but my gut feeling is neither does our Management.

[fishhunter]

Isn't the entire approved buyback program only for $1million max? That would only be 400-500k shares or about 3%.

I do think they should buy simply to support the stock price and as long as they retire the shares bought, I would be happy with it. Buy 10,000 shares a week, every week. Please.

I would also love for them to make some sort of accretive splashy smart acquisition for maybe 15 - 20 million. Put the cash to use and get some debt. Debt is still silly cheap if you are strong....and VirTra is strong. Companies/stocks never get credit for cash.

[dlewisfl]

RStevens: In VTSI's case, it wouldn't be a scam. But the perception in pinksheet land is when someone announces a buy-back, it's a ploy to get you to buy stock when they never intend to buy anything back. I've never seen a pinksheet company buy back any shares after announcing one. That's not to say some haven't, from what I've seen it's rare.

It seems Ferris is content with the current PPS and will only buy back if there's a significant collapse which could hurt the chance of uplisting, IMO. For the long term, the cash could be used for better things (e.g. acquisition). Given the current float of 13.7M, they couldn't even afford to buy 5% at current PPS with what was authorized (up to $1M IIRC), let alone 10%.