AshOnSnow Posted March 26, 2018 Share Posted March 26, 2018 Not so much airsoft news as such, but just read this in the news. Remington’s going bust. http://www.bbc.co.uk/news/world-us-canada-43540708 Link to comment Share on other sites More sharing options...
Root Admin proffrink Posted March 26, 2018 Root Admin Share Posted March 26, 2018 This is what happens when your sales are driven by people stockpiling guns because 'Obongo's comin' for 'em'. There's a big slump for all retail weapons manufacturers right now allegedly, so this might not be the last one we see. Link to comment Share on other sites More sharing options...
Immortal Posted March 26, 2018 Share Posted March 26, 2018 Remington's going bust?! That's a shame, I like my "Fuzz Away"... Link to comment Share on other sites More sharing options...
Supporters Tackle Posted March 26, 2018 Supporters Share Posted March 26, 2018 Blast from the past Link to comment Share on other sites More sharing options...
Supporters Lozart Posted March 27, 2018 Supporters Share Posted March 27, 2018 They've filed for Chapter 11 bankruptcy. That way they'll stay in business while they try and pay of their creditors. Reading the story though it seems like they've been the victim of horrific mismanagement for a while! Link to comment Share on other sites More sharing options...
Duff Posted March 27, 2018 Share Posted March 27, 2018 2 hours ago, Lozart said: They've filed for Chapter 11 bankruptcy. That way they'll stay in business while they try and pay of their creditors. Reading the story though it seems like they've been the victim of horrific mismanagement for a while! Chapter 11 basically protects the creditors investment. Link to comment Share on other sites More sharing options...
Root Admin proffrink Posted March 27, 2018 Root Admin Share Posted March 27, 2018 It does actually mean they can go back to trading if they're able to pay them off though. Link to comment Share on other sites More sharing options...
Duff Posted March 27, 2018 Share Posted March 27, 2018 1 minute ago, proffrink said: It does actually mean they can go back to trading if they're able to pay them off though. Yeah it's kinda like an IOU for realzy type thing that reassures the creditors. Link to comment Share on other sites More sharing options...
Supporters Samurai Posted March 27, 2018 Supporters Share Posted March 27, 2018 They would probably be very happy in case of a terrorist attack somewhere there... Link to comment Share on other sites More sharing options...
Root Admin proffrink Posted March 27, 2018 Root Admin Share Posted March 27, 2018 Democrats take back their congress during the midterms and all these rallies for more gun control; it'll all be back to normal with plenty of idiots spending more money than they need to on guns. Link to comment Share on other sites More sharing options...
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