Replies to post #30147 on VirTra Inc (VTSI)

[magicatlast]

"We could easily add the requisite number of indpendant directors and complete a full SOX audit in a quarter"

So why do it in reverse order? A RS can be done in a month if the audit and governance requirements are in place. A RS with an immediate uplisting plan in place would be MUCH more palatible to those of us who are voting NO under the present circumstances. But asking for a RS while at the same time degrading the governance status, and no stated plan for audited financials smells to high heaven to me. Bad judgment, at best.

Magic

[ztect]

"..If the R/S fails, and If I were management I would annouce an audit, buyback of shares (10 million), wait 6 months, then try another reverse split with price support."

Wow! You're a genius...but wait this is what I proposed they do about a week ago.....along with having Don get off his ass an buy a few shares (ie. insider buying)...and stated they should have done before even announcing an r/s to reduce the OS and get closer to the price listing requirements.

An r/s now means a higher ratio, and very low illiquid OS
A r/s post the moves we concur on would likely raise the PPS prior to any r/s necessitating a much smaller r/s ratio and a more tradeable OS

Management put the cart in front of the horse which screws current shareholders

IMO the horse needed to be put in front of the cart to maintain and build current shareholder value.

Voting down the R/S allows for the horse and cart to be properly realigned

[billpr]

"this is no way for a long to live". I, Sir Felix, Ztect, weeblewobble, avocado ,Al, Magic, etal have beenliving like this for years. Not because we haven't had earnings, new contracts, a new building, etc., IMO Management made a decision based on costs that the PINKS was the place for us.. IMO even mentioning NASDAQ in the discussion is just as stupid as doing nothing.. If we go through all the gyrations that the pros and antis suggest we would still be a 6-?M company with 40? employees.. WE DON'T BELONG ON NASDAQ... We could achieve the desired visibility and respect (re: losing sales B/S) on a lessor exchange, with lower PPS requirements, less stringent rules and a hell of a lot faster. Using your cash projections, money is no longer an obstacle.. Why did Mgt. consciously destroy the obvious MOJO that was building with the GM announcment with this Proxy?? Further with the onus of this R/S hanging over us, 1st Qtr earnings, due out 5/15 are, even if sensational, largely negated to the so what pile.. 1:100 IMO, REALLY DUMB!! #3 #5 REALLY SINISTER!!!

One more thing, I guess you can tell from the tone of my Post that I am more than slightly pissed. While I admire your writing ability and obvious intelligence I am also pissed at the fact that you arrived 3 days ago and are taking such a vocal position in support of Mgt. when your knowledge of this company is minimal at best..JMO