Let's take the dilution matter a step further......
Facts from the recent Q:
principal owed Dutchess $ 470,117
(this debt matures next year)
accrued interest owed Dutchess 515,495
accrued director compensation 249,153
Total $1,235,965
At 3 cents per share, that represents 41,198,833 shares needed in the next year to meet these present obligations. Add another 5,000,000 shares to settle Jones & Cannon matter and we're looking at a total share count in a year of over 154,000,000.
Let's say for the sake of analysis, VirTra looks to make $500,000 on a forward twelve month basis then. Let's say the market gives it a P/E mulitple of 15. You're still looking at a stock price below a nickel a share. If the market in irrational exuberance attaches a P/E of 30, the stock price is still south of a dime then.
One can only guess what sales level would be needed for the company to net $500,000. They can't seem to get any leverage on expenses judging by widening losses on increased sales.
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