Replies to post #41796 on VirTra Inc (VTSI)

[Schneidku40]

Agreed. What capital do they need to raise with a growing $4.2 million in cash? They can easily fund additional engineers for more R&D and more salesmen for a more aggressive sales strategy that they talked about with that money. The only thing I can think of is they're planning to open an overseas office. I know a lot of Europe could use our simulators, and we've already sold a lot to the middle east.

That profit margin sure is spectacular though. Maybe I missed it, but they used to have a NOL carryforwards. Have they used it up? They somehow avoided taxes with all the profit. What am I missing?

[weeblewobble09]

Virta is good at taking the wind out of their sails. Like when they proposed a 100 - 1 rs

[billpr]

Nevertheless, it is still a victory.

I think this A+ offering has something to do with their "new" financial advisors, further it sounds like there is some thinking of an IPO, if that's possible or makes any sense. As far as the BOD is concerned he or she would still be outvoted 4/1.

What Schneid suggested sounds reasonably feasible.

All in all, a good Qtr.