Replies to post #31276 on VirTra Inc (VTSI)

[Pinks]

K, I still don't think they need a proxy vote to effectuate a reverse split. I haven't reviewed VirTra's articles of incorporation, but most corporation's articles grant this power to the directors.

[SirFelix]

Klinkerhoffen, I posted this April 20th and still stand by it.
"IMO, Ferris should cancel the proxy, let the stock price rise during the tradeshow/high season (Oct-Jan). Then, after the mass exodus of profit-takers, re-issue a new RS closer to the relist, eliminating short term stockholders via "as of" date."

It's easy to be an armchair CEO. We may never know why Ferris and company decided to pursue this proxy to a point of failure. Most likely they already spent the money and wanted to see it through.

We can only hope Virtra learned from this experience and hopefully plans these things out better in the future. Right now they need to keep building the company.