bob.243 7,532 Posted March 26, 2018 Report Share Posted March 26, 2018 https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwj6p96F8InaAhWLDOwKHQWkCiAQqUMIKjAA&url=https%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fworld%2Famericas%2Fremington-bankrupt-gun-maker-rifles-us-oldest-gun-control-florida-shooting-a8273751.html&usg=AOvVaw2nCyAaACrHKeLujDozQmZC Quote Link to post Share on other sites
ChrisJones 7,973 Posted March 26, 2018 Report Share Posted March 26, 2018 Poor job from The Independent. They focused the article on the aftermath of the Parkland shooting and only paid lip service to the fact that Cerberus Capital Management saddled them with a billion in debt since they took over in 2007. The Florida shooting took place two days after they announced they were planning to file. 3 Quote Link to post Share on other sites
Blackbriar 8,568 Posted March 26, 2018 Report Share Posted March 26, 2018 Could they be filing to protect themselves from creditors claims, which could bring about actual bankruptcy ? It's a common accounting practice in big business. The Donald has been bankrupt a couple of times, I believe............. Quote Link to post Share on other sites
ChrisJones 7,973 Posted March 26, 2018 Report Share Posted March 26, 2018 2 hours ago, Blackbriar said: Could they be filing to protect themselves from creditors claims, which could bring about actual bankruptcy ? It's a common accounting practice in big business. Further reading into it and looks like it's a debt restructuring move. Cerberus Capital Management will relinquish control of the brand but it doesn't look like Remington is going away anytime soon. They do have lawsuits pending and this will delay but not remove as is my understanding. 2 hours ago, Blackbriar said: The Donald has been bankrupt a couple of times, I believe... Six. Quote Link to post Share on other sites
Meece 1,957 Posted March 26, 2018 Report Share Posted March 26, 2018 Poor ole Victor kiam will be turning in his grave. 1 2 Quote Link to post Share on other sites
Blackbriar 8,568 Posted March 26, 2018 Report Share Posted March 26, 2018 13 minutes ago, Meece said: Poor ole Victor kiam will be turning in his grave. Very good. This will be wasted on a lot here ! Quote Link to post Share on other sites
dytkos 17,536 Posted March 26, 2018 Report Share Posted March 26, 2018 "Loved it so much, I bought the company" Cheers, D. 1 Quote Link to post Share on other sites
Meece 1,957 Posted March 26, 2018 Report Share Posted March 26, 2018 22 minutes ago, Blackbriar said: Very good. This will be wasted on a lot here ! I edited it to add a smiley. Bit of a close shave that one was. 1 Quote Link to post Share on other sites
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