A regular reader writes:
I’ve been following the rockethub.com funding of 80 percent lowers for some time now. [ED: 80 percent lowers are the unfinished lower receivers which recipients complete to create a legal, unregistered firearm.] A LOT of the projects have turned into complete crap storms. Multiple projects have gone way, way over what they were trying to fund (i.e. trying to fund $10k, make $220k) and nobody has gotten anything. There are now rumors amongst funders and on forums that Rockethub is pulling 80 percent firearms projects due to the complete failure of most of the projects. Reading the “conversations” tabs on the projects – click here, here or here – is like watching a train wreck in slow motion. If you do some more Googling on these companies, the amount of excuses and “next weeks” is astounding. It seems that only one company has really been able to actually deliver the goods, albeit slowly, Precision Arms Manufacturing… incidentally, also the one I threw my $90 into the mix for an AR-10 lower.