Replies to post #23852 on VirTra Inc (VTSI)

[imawswami]

AKFish, was studying that when you posted!

There must be some sort of psychic link here between us....lol

Here is the statement from the 10Q
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"On September 30, 2008 VirTra Systems, Inc. entered into a Settlement and Release Agreement with Dutchess. The agreement
states that VirTra agrees to pay Dutchess $550,000 in stock or cash without a prepayment penalty. No interest shall accrue on
the Principal Settlement Amount. This agreement supersedes and clears all prior obligations with Dutchess. As of June 30,
2009 the total amount owed to Dutchess was $450,660."
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The thing that i was looking into was how much it cost Virtra to eliminate $76,244 from our debt to Dutchess, thus reducing us to the $450,660 figure above.

Turns out that when Virtra bought the 5M Dalby shares from Pine Springs Capital, it was at .013 @ share. Virtra used 2.401M of those to eliminate $76,244 of our debt to D.

So, math says Virtra paid .013 but "converted/sold/whatever"
them to Dutch at .03175 @ share.

So on the good side Virtra saved a grip of money, but since they chose to pay D. in stock rather than cash it is causing this dilution we are currently seeing in the stock price. Dutch dumping shares....that what it seems to me at least.

AKFish, hope that helps,

pete