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#1
06-14-2015, 08:40 PM
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Colt to file Chapter 11
http://www.wsj.com/articles/colt-def...day-1434310925
http://www.thetruthaboutguns.com/201...ptcy-tomorrow/
__________________
NRA Life Member Wilson Combat CQB Kimber Tactical Pro II S&W J-Frame .38 ect " I don't own the clothes I'm wearin', and the road goes on forever "  There's a gator in the bushes, and it's calling my name... COTEP #523 
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#3
06-14-2015, 09:32 PM
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whoops
__________________
NRA Life Member Wilson Combat CQB Kimber Tactical Pro II S&W J-Frame .38 ect " I don't own the clothes I'm wearin', and the road goes on forever " There's a gator in the bushes, and it's calling my name... COTEP #523
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#4
06-14-2015, 10:30 PM
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Colt restructured their debt recently......the company is dead and forgot to lay down. They need to move to a non union state and stop depending on government contracts. Maybe bring bakc the Python. Company is in bad shape with executives cashing out.
__________________
CBOB0716 "The most basic right that we have emanates from our Creator and it is that unalienable right to life. We stand firmly on the principle that from conception until the last breath is drawn, life is sacred.” Political Correctness is a doctrine, recently fostered by a delusional, illogical minority and promoted by a sick mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of shit by the clean end!
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#5
06-14-2015, 10:37 PM
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This is an interesting read about the sad state of affairs at Colt, and what they COULD but WON'T do to turn things around. Read the comments...especially the one by the guy who works in the industry...
http://www.thetruthaboutguns.com/201...nother-python/ Colt is KAPUT.
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Jim CBOB0497 "That rifle hanging on the wall of the working class flat or laborer's cottage is the symbol of democracy. It is our job to see that it stays there." - George Orwell
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#6
06-14-2015, 10:52 PM
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Colt has been mismanaged from way back, sad to see the latest round of owners have sucked the life/money out of the company and left it out to dry ...
__________________
Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti.
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#7
06-14-2015, 11:23 PM
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Chapter 11 is reorganization as opposed to Chapter 7..Colt is going nowhere. Someone wither buys them out or they renegotiate with lenders. The govt will most likely have to bail them out for parts they have to buy. Either way they will be around for a long time.
__________________
"Arms in the hands of citizens may be used at individual discretion in private self defense." - John Adams "The Constitution shall never be construed to prevent the people of the United States who are peaceable citizens from keeping their own arms." - Samuel Adams
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#8
06-15-2015, 07:24 AM
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Quote:
Maybe you should have stated that the name will be around for a long time.
__________________
CBOB0716 "The most basic right that we have emanates from our Creator and it is that unalienable right to life. We stand firmly on the principle that from conception until the last breath is drawn, life is sacred.” Political Correctness is a doctrine, recently fostered by a delusional, illogical minority and promoted by a sick mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of shit by the clean end!
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#9
06-15-2015, 08:21 AM
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Definitely not a place to be working right now knowing the owners are just looking for the next cash infusion to suck up .... sad situation
indeed !!
__________________
Rich COTEP #762 A gun is a tool, no better or no worse than any other tool: an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that. And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee, and teeming with souls shall it ever be. In nomine Patris, et Filii, et Spiritus Sancti.
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#10
06-15-2015, 04:00 PM
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So don't sell my Python?
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________________________ CBOB696 Lifetime NRA Member The biggest pain in the a** you'll probably ever have to deal with watches you from the mirror every morning. Good judgment comes from experience, and most of that comes from bad judgment. If you find yourself in a hole, the first thing to do is stop digging.
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