Replies to post #29357 on VirTra Inc (VTSI)

[jmodified]

"I am beginning to smell a plan to take this company private or sell out to a friendly party at the expense of the small shareholders"

That would be my concern. If that is the case though, or appears to be the case to most investors, the question then is what happens if the vote fails?

[billpr]

"smell out a plan to take this company private". Unfortunately for us that makes perfect sense for the magnitude of this R/S..He know that the PPS will crash, the market cap will be substantially reduced, it will be much, much cheaper to him to dump all the shareholders at a reduced cost and go private. Hope you are wrong, but does seem like the only logical explanation..

[Pinks]

Excellent point! I had forgotten that SOX suggests/requires a finance committee headed by outside directors.

In looking at these amendments, we longtimers should remember history. We've witnessed the breakup of a divided board when Bob tried once before to sell the company's assets. This would eliminate that problem.

[weo1998]

Funny you say that. I think that is the reason Kelly Jones resigned in the first place cause Bob went behind his back to agree to sell as I recall. I also remember the deal wasn't so good for shareholders either when it became known. I am guessing with the reduction of officers and votes needed that that's exactly what might be coming. Looks like they want all the power to approve whatever deal may be coming. From past history with these bozo's I am guessing this deal will not be in our best interests. Just a guess