InvestorsHub Logo

GregginAZ

02/13/18 5:42 PM

#43171 RE: fishhunter #43169

Social Media types -- you mean the people that typically place buy/sell orders electronically (with no broker involved) and are otherwise quite savvy with technology? I count that number as being quite significant - myself and many others known to me are just a few examples so the answer is certainly not zero. The trend towards the use of social media is new, but it already has significant traction. The whole process began with Elio Motors using social media only to raise $19 million from over 6,800 of the people you claim do not translate into buyers?

I won't argue with you, but I do believe that VirTra is using a new and increasingly used method to attract more interest and investors. I think ANY such efforts should be welcomed by us shareholders.

As for VirTra's ability to sell, I would comment that the sales growth is indicative of the FACT that your supposition as to the company's inability to sell is factually untrue. I listened very carefully to Bob over the last several calls, and I am very much of the belief that VirTra is in-tune with the difficulties of selling a CAPEX budget item to a municipality or government department (which I fully understand having been a Mayor of a substantial municipality). That fact was specifically addressed by Mr. Ferris when he spoke about alternative sales approaches that could include SaS (Software as a Service), Leasing and a push to provide a sales process by which clients can have access to current software and software updates. To me this is indicative of a management team that has conducted a thorough SWAT (Strength, Weakness, Opportunity & Threat) analysis to determine methods by which barriers can be broken to achieve not only more sales -- but less lumpy results.

I would be remiss if I didn't point out that shareholders have been calling for these steps to happen for some time. I am buoyed by the fact that Mr. Ferris has publicly tipped that this analysis is happening and perhaps a process implemented to do so some time soon?

Schneidku40

02/14/18 10:53 PM

#43190 RE: fishhunter #43169

Not entirely true. I'm in a penny stock for a gamble/flip trade and the company's CEO is very active on twitter and the stock has moved on his tweets. Searching the hashtag of the trading symbol brings up dozens of individuals retweeting or commenting on the stock's movements each day. Penny stocks are in a different world, certainly, where even mere becoming-current financials can triple a stock overnight even if the company has no operations. But there are a lot of retail investors, not institutions, that have started using social media as an information tool.