Replies to post #6971 on VirTra Inc (VTSI)

[SirFelix]

OT: weo, you are not even discussing the company anymore and you have resulted in attacking KP:
"My God KP, you are a lunatic."

If you continue to do this you are contributing to bringing down this board. As I said before, ignore KP.
I've never had to ignore a poster on the Ihub, but you may be the first.

[berstein]

weo, the CXN history is quite encouraging for most VTSI longs, IMO. CXN's recent 10K shows that they have been in red financially for a while. The weighted average number of shares is ~ 26+ million shares for 2003 and 21.6 million for 2002. There was no R/S from 2002 to 2003. They went on to AMEX and the pps have risen from the grave to a high $ 8 this year. The CXN annual revenue is merely ~ $659K for 2003($489K for 2002) and there are plenties Form 4s. CXN posted a $3M proforma net loss for 2003 and $5.0M loss for 2002. CXN currently employs 10 FT and 1 PT employees. CXN's debt must be somewhat high but I cannot locate that number.

From CXN's filing:

"WE HAVE A HISTORY OF OPERATING LOSSES AND CANNOT GUARANTEE PROFITABLE OPERATIONS IN THE FUTURE. ANY FAILURE ON OUR PART TO ACHIEVE PROFITABILITY MAY CAUSE US TO REDUCE OR EVENTUALLY CEASE OPERATIONS. We reported a net loss of $3,188,690 for the twelve months ending December 31, 2003 and a net loss of $3,587,684 for the twelve months ending December 31, 2002. At December 31, 2003
and 2002, respectively, we reported accumulated deficits of $20,082,234 and $16,484,550. If we continue to incur significant losses our cash reserves may be depleted earlier than currently anticipated, and we may be required to limit our future growth objectives to levels corresponding with our then available cash
reserves."


The only thing I can think of is that CXN has a good story and an excellent potential. They have some real products ready to be marketed. The investment community caught on and it has graduated to a larger exchange. Is this what Kelly was saying in the CC? What makes CXN an interesting comparison to VTSI is that both involve equity funding with Dutchess. CXN has a $20M equity funding arrangement with Dutchess.

I think we should look into VTSI's 2004 potential revenue to see where we are at. VTSI can become the next CXN?

Thanks to Buddyholy for bringing CXN up for the sake of comparison. VTSI and Kelly might want to look into CXN's leap of faith. It is product and market potential at the right time. VTSI might do the same, imo