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Yiannis Katospiti posted an update 8 years ago
Who do we think controls all their PATENTS?
Interesting game huh? Guns no guns . Who makes all the money and maintains much of the control. https://www.zerohedge.com/news/2018-03-26/cerberus-takes-bath-americas-oldest-gunmaker-files-bankruptcy Remington announced in February that it would reduce its $950 million debt load in a deal that will transfer control of the company to creditors. It plans to wrap up its bankruptcy as soon as May 3, according to CNN.
The company’s announcement came just two days before 17 people were killed at a high school in Parkland, Florida, on Feb. 14 – a massacre that sparked an intense campaign for gun control by activists.
Remington plans to keep on making guns. The company said, when it first announced its plan to file for bankruptcy in February, that operations “will not be disrupted by the restructuring process.”
Founded in 1816, Remington is one of the oldest and best-known gun makers in the world.
Remington is headquartered in North Carolina. It makes handguns, shotguns and rifles at its 19th-century factory in Ilion, NY, and is a cornerstone of the region’s economy.
While Cerberus has been wiped out, Remington’s creditors might have reason to be optimistic. With the “March for our Lives” attracting hundreds of thousands of Americans, pressure on lawmakers to crack down on gun sales is growing. And any sign of an impending crackdown will likely send gun sales soaring again.
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