Replies to post #45044 on VirTra Inc (VTSI)

[Ruffieruff]

Did you see this today about one of our BOD.


Smith & Wesson parent company defends directors, contributions to NRA
9/6/18 3:53p ET
By Ross Kerber BOSTON, Sept 6 (Reuters) - The parent company of gunmakerSmith & Wesson on Thursday defended its directors and itscontribution disclosures ahead of a proxy vote that will testhow far leading fund firms will press their concerns aboutfirearms safety. In a filing with the U.S. Securities and ExchangeCommission, American Outdoor Brands Corp <AOBC.O> responded toproxy adviser Glass, Lewis & Co, which on Tuesday recommendedinvestors withhold their support from half of the company's 10board nominees and backed a call for a safety report. American Outdoor's Sept. 25 shareholder meeting will likelyspotlight just what role the financial industry should playoverseeing firearms companies. After a gunman wielding a Smith & Wesson assault-style riflemassacred 17 people at a Florida high school in February, somebanks restricted firearms lending, and asset managers includingBlackRock Inc <BLK.N> and Vanguard Group said they would speakto gunmakers about the safety of their products.[nL3N1R4599] The Florida shooting, one in a decades-long series at U.S.schools, colleges and workplaces, spawned a nationwide youth-ledgun control movement. BlackRock and Vanguard, which together hold about 20 percentof American Outdoor's shares, must decide how to vote at theshareholder event, to be held only online. In recommending votes be withheld from five directornominees, Glass Lewis cited how the company had not disclosedthat director Mitchell Saltz also sits on the board of policetraining services provider VirTra Inc <VTSI.O>, a potentialconflict of interest. The lack of disclosure was due to "an inadvertent omission"by Saltz, American Outdoor said in its filing, adding that itdid not matter because "there is very little, if any" overlapbetween VirTra's services and a Smith & Wesson training academy. The company also reiterated arguments the safety report isunnecessary, saying among other things that the "smart gun'technology proponents would like reviewed "is not commerciallyviable or reliable." American Outdoor also said its policy didnot require it to disclose contributions of $1.5 million it hasmade to groups including the National Rifle Association, the politically influential gun rights advocate. The proxy adviser noted criticism by a shareholder activistgroup, Majority Action, that the company should have reportedthe money. BlackRock and Vanguard representatives declined to say howthey will vote. In May, both backed a call for a safety report at rivalgunmaker Sturm Ruger & Co <RGR.N>, but backed all directors. BlackRock said it voted for a safety report at one gunmakerbecause it barred talks with shareholders.[nL2N1VL1W9] Via e-mail, American Outdoor Vice President Liz Sharp said"We do respond to engagement requests from our investors." (Reporting by Ross Kerber in Boston; editing by Grant McCool) (([e-mail]; [phone]; ReutersMessaging: [e-mail]

[Ruffieruff]

Buying continues this Am. Finally the price is appreciating a little. This should get fun.

[dlewisfl]

fish: Current chart pattern is a bullish ascending triangle. When it gets to the 5.85- 5.90 resistance, that will be a key level. If it can break through and hold it that should become a new support level. I never paid much attention to charts on stocks like this since the volume is so low. If the volume continues to increase the chart will have more meaning, IMO. Breaking through 5.90 with high volume will be a good sign.