Replies to post #30196 on VirTra Inc (VTSI)

[ztect]

weeblewobble, there seems to be some disagreement as to whether or not a listing is easily obtainable. So for the sake of your argument, "....We qualify for everything right now except some of the corporate governance requirements and the share price...," may you kindly back this up with the actual language from NASDAQ for listing requirements as well as links to the sources cited.

thanks :-)

[stormer]

I think billpr has made a very good case for OTC over Nasdaq. It seems easier and would be more of a bird in the hand kind of thing, instead of its in the mail kind of thing. Though the corporate governance in Nasdaq is a have to have feature. Does OTC require the same?

[dlewisfl]

weeble: How so?

The CG requirements wouldn't take to long to get in order.

Do you realize how poorly VTSI compensates directors?!? Now we all know via the CC that Don is here for his personal entertainment and not financial reward, as evidence by his paltry share ownership of VTSI and Bob's need to defend it. Do you REALLY think it's going to be easy to find at least FOUR independent directors, with the financial background to form the necessary audit committee, given VTSI's current compensation package? Don't think so....

You're looking at more dilution as the ID's are usually compensated in stock. And it won't be nickel and dime stuff if you want anyone that's any good. This is where billpr's notion of staying on the OTCBB right now makes sense. Bob's not even willing to pay to audit financials, you think he wants to compensate four ID's on top of that? He'd also be seriously reducing his control on the company. Not likely..