Someone out there will fill the nitch they left behind sooner or later, let's hope they do it a bit better for all concerned parties.
lets not start sending money to the same guys under a different name.
Not out of business
Were not out of business, we've just scaled back as we no longer sell parts or guns. We are a major contractor for a large manufacturer and only manufacture one product the 50 round drum for the .308 rifle. We liquidated all of our gun parts to one of our owners and he is handling the sales of those through gunbroker. After the sale of which and the discontinuation of our firearm products there was no need for a full time office staff. Our phone lines will be off for the next two months while we move our office back to our shop and set up service for repairs on existing guns and their warranties. All guns will be extended on their warranty by two months because of this. We've never screwed anyone, we just couldn't meet deadlines. Everyone has either gotten their product from us or a refund. Primarily this is the reason why we are only handling two products now. One demand and prediction of which will be manageable, production and parts logistics will be manageable, and customer support will be mangeable, really we just an easily manageable business. When you get to many coals in the fire it becomes uncontrollable and were done beating our heads against the wall trying to make things right. Just do it right and don't worry about it . When things slow down we can scale back for which.
One more note, our website will be back up again, those antigunners at homestead.com took down our site as their terms of service changed and became antigun...
the BS or MALARKEY is getting deep here.
James Malarkey don't try to BS me after you tried to rip me for $271. AA is in bankruptcy. this info came from det Fuller of the Columbia county sheriff's office. he told me that after talking to the Columbia county DA "no criminal charges can be filed because they are protected by the bankruptcy court".
if anyone needs Det. Fuller's phone number PM me for it.
looks like they are doing what many have predicted, restructuring under chapter 11 bankruptcy. they will screw everyone and come back as a leaner meaner company now having no debt.
We liquidated all of our gun parts to one of our owners and he is handling the sales of those through gunbroker
this is how it works. you have 1 million in parts, they are sold (liquidated) for a fraction of the value (lets say $10,000) to pay this months bills. the 10 grand is paid to the creditors. now you file your bankruptcy.
what has happened when the creditors come to collect? there are no assets (parts) left to sell. they have now been screwed for $500,000 $600,000 they might have gotten for the parts and somebody has a million dollars worth of parts to start a new business.
it's a fine line. as long as one says "I sold the parts to make good on my current debt" this is bad business but not illegal. if you are stupid enough to say "I sold them so the creditors would not get it and I would have a good start when we claim bankruptcy and restructure. then we will buy the parts back for $10,000 and have a great start for the new business". now that's illegal.
James Malarkey answer me this. AA took my order on 9/11 and 9/12 charged my card. again let me quote you.
We liquidated ALL of our gun parts to one of our owners and he is handling the sales of those through gunbroker
I believe based on dates, type of parts and location these are the parts on gunbroker.
seeing that the seller registered and started listing parts on 9/10 he had to have purchased ALL the parts before 9/10.
HOW DID AA SELL ME SOMETHING THEY NO LONGER OWNED ON 9/11 AND TAKE MY MONEY ON 9/12?http://www.gunbroker.com/Auction/ViewUserFeedback.asp?User=1452898http://www.gunbroker.com/Auction/ViewItem.asp?Item=139766245