Not sure how I feel about this.
The Good is that there is a lot going on with the company. They are able to attract some talent and seem to have some sort of vision forward. One could also argue that the fact they are compensating people with shares is a bullish thing for all shareholders.
The Bad is that there is a lot going on with the company. It seems to me that VirTra is not confident in what they have done and the results they have produced over the last several years. It is as if they are afraid to see it through and grow it BIG (ala Taser). Instead they want to go after "new stuff" and "unproven stuff" and do so at the expense of shareholders. Sure, a company has to pay to get talent but why not pay in cold hard cash instead of taking a piece of the company directly from loyal shareholders and giving it to newbies who haven't done a thing.
I would feel much better if I start to see some of these guys buy shares in the open market. Of course, if someone were going to give me piles of shares then I probably wouldn't want to pay for them either.
And then there is this. VirTra is not alone in how they approach this stuff. Why cant they simple issue a PR in conjunction with this proxy and state in English why they are doing what they are doing and how they hope it will impact the future.
I sure hope no one has an early flight out on Oct 6th. I will have about 100 questions to ask.