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Old 10-23-2020, 10:02 AM #1
gspn
 
 
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GI Press Release - KORE

Shell Game ?

GI defaults on debt, goes in to receivership -
Receiver sells to KORE.
KORE is comprised of..... GI's management team, and Richmond Italia.

(cue circus music and juggling clowns)

Except from the Press Release" -
"The main purpose of the receivership proceedings is to complete a sale of the business (the “Transaction”) to Kore Outdoor Inc., an entity that will be owned by the Companies’ majority shareholder, Fulcrum Capital Partners (“Fulcrum”), and shareholders that include members of the management team and Richmond Italia. The Companies’ existing management team will continue to guide the Companies’ operations during the receivership proceedings and will lead the business upon completion of the Transaction. Motions to approve the Transaction are scheduled and, subject to approvals, the Transaction is expected to close on or before November 30, 2020.

Full release here.

https://myemail.constantcontact.com/...id=qlJhPpbRFYw


And in Non-Paintball and AMAZINGLY COINCIDENTAL news...... wait... WHO???

https://www.cnyhomepage.com/news/rem...a_xtOKImeLeUCM
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Last edited by gspn : 10-23-2020 at 10:28 AM.
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Old 10-23-2020, 06:36 PM #2
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Old 10-23-2020, 07:27 PM #3
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yup retarded circus, somehow the main guy behind a company that manages to loose $29M is still rich.
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Old 10-23-2020, 08:14 PM #4
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Wait, can Canadians even own guns, never mind a gun manufacturer ?

I hate to see how he is going to mess up Remington....
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Old 10-24-2020, 01:34 PM #5
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Quote:
Originally Posted by going_home View Post
Wait, can Canadians even own guns, never mind a gun manufacturer ?
Yep, we can. We have more gun owners per capita than in the U.S. and the standards to acquire what we call a non-restricted gun (like a shotgun or a hunting rifle) are actually a bit les stringent than in the U.S. However, where we get short-changed are where transportation and storage regulations are concerned, and also for what we call 'restricted' guns (handguns and semi rifles... I refuse to call them 'assault rifles').

That being said, there's talk here of banning Airsoft guns (based on the fact they're replicas) and that may affect certain paintball guns. I wouldn't be surprised if down the road they start some retarded Australia-like licensing and storage scheme for all paintball guns.

Back to topic, yeah if I were a Remington employee out of furlough I'd be worried...

Last edited by Calculon The Great : 10-24-2020 at 01:38 PM.
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Old 10-24-2020, 03:29 PM #6
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Quote:
Originally Posted by going_home View Post
Wait, can Canadians even own guns, never mind a gun manufacturer ?

I hate to see how he is going to mess up Remington....
Remington filed for bankruptcy twice in 2 years....
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