Replies to post #30159 on VirTra Inc (VTSI)

[billpr]

Based on your profile, I'd have to guess Convicts with their license plate earnings..LOL

[magicatlast]

You have something to share or just avoiding answering the question?

Magic

[LeGoose]

Obviously no one is buying this past week or so.

Management is obviously stumped at this moment because they're minority owners of the stock, they inherited a botched charter (good for shareholders, bad for management) and Texas law prohibits them from issuing super-voting preferred shares to themselves without an amendment to the charter specifying the characteristics of those preferred shares - that of course requires a resolution and shareholder vote.

http://law.onecle.com/texas/business-corporation/2.12.00.html

The items on the proxy require either a 2/3 or 3/4 vote Yes. They will all be voted down.

Personally, I'm looking for a better deal for shareholders.

VOTE NO - FIGHT THE POWER!