BREAKING NEWS: Colt to File Chapter 11 Bankruptcy

[JoeGuns 14]

It was coming for a long time!

[High Exposure 5,670]

Link?

[JoeGuns 14]

http://www.thefirearmblog.com/blog/2015/06/14/breaking-news-colt-to-file-chapter-11-bankruptcy/

[diamondd817 828]

See ya.

[checko 180]

I'm selling my 1911 for $3500 if anyone's interested

 

Sent from my SM-G900V using Tapatalk

 

 

[Malsua 1,422]

Too bad it's not Chapter 7.

 

Colt pissed all over the civilian market forever by charging too much, supporting the Brady bill and whatever came down the pipe as gun control in the 90s as well as other Shenanigans along the way like the Small hole colt lower, lower sear block etc.

 

Eff 'em

[jm1827 284]

We all saw this coming.

[TokenEntry 293]

Interesting that Armatix is filing for Chapter 11 also. If you scroll down the page more, you'll see it with the other links just below this article.

 

- TokenEntry

[tuktuk 16]

with the name like that ... not being able to make money ... that's just stupid ... fire the entire management team

[tony357 386]

Interesting that Armatix is filing for Chapter 11 also. If you scroll down the page more, you'll see it with the other links just below this article.

 

- TokenEntry

The smart gun that was not so smart..

[Blacksmythe 71]

Over priced rubbish. Did they think they were going to be lush in Government contracts for ever? They got their wish. No better type of gun control than a  gun compant going out of business.

[1LtCAP 4,264]

they must've had some genius people managing their business, first off due to their name. that alone should've been able to keep them going. secondly......these past 6 or 8 years have really been the best for the firearms industry, as virtually every time the jackwagon opens his mouth, people panic, and buy everything in sight.

[mikeyjones 88]

They still have $500m of assets and $500m of debt. I think they'll be able to restructure and either get bought out or come out as a new company.

[WhiskeyTangoFoxtrot 358]

Good riddance.  This is what happens to a "socially conscious" or politically correct gun company.

[mipafox 438]

Buy AR-15s now while you still can!!!

[jm1827 284]

Someone will step in and acquire them for pennies on the dollar.

[T Bill 649]

Just another speed bump in the road. They'll still be around.  Happen before, didn't disappear then as predicted.

[mipafox 438]

The Connecticut Curse.

[1LtCAP 4,264]

Buy AR-15s now while you still can!!!

aaww jeeze!! the panic's gonna start again?

[High Exposure 5,670]

Just another speed bump in the road. They'll still be around. Happen before, didn't disappear then as predicted.

This.

[ogfarmer 138]

Those of you who know Marcus Max and fact he just finished gunsmith school. he posted today on FB that Colts not going anywhere and in fact they just offered him a Job today in CT and he starts right after Independence Day.

[mipafox 438]

I do want them to survive, but nobody can predict what will happen. And the past does not make it more likely they come out again this time whatsoever. They are what they are right now. Best thing they have is the name.

[302w 83]

I should clean my dad's Series '70 tonight.

 

I hope they don't get acquired by Freedom Group or some nonsense. It would be nice to be able to buy more Colt kool-aid though.

[magnawing 5]

Coming soon...Colt by Beretta.

 

 

This signature is AWESOME!!!

[Avalanche 42]

Probably not the sharpest move to take a job with a company in chapter 11. 

[tuktuk 16]

how ironic >> I'm watching American Genius: Colt vs Wesson on national geographic ....