In the latest turn of events in the Freedom Group bid situation, grandviewoutdoors.com reports that they’ve obtained an internal Remington memo from George Kollitides to all Remington employees. In a bid to calm internal nerves, the CEO called GDSI’s bid nothing more than an underfunded “publicity stunt” that’s barely worthy of their time . . .
“A small, unknown investment entity publicly announced its desire to acquire the Remington Outdoor Company,” the memo obtained by Grand View Outdoors says. “If this wasn’t disruptive to our employees and customers, we would not acknowledge the news and recognize it for what it is: a publicity stunt from an agenda-driven group with no credible financing options.”
And George doesn’t think much of GDSI’s strategic vision, either.
“Further evidence of [Global Digital Solutions’] misguided agenda is all over the entity’s website that displays logos of every major firearms maker and lays out a mission to introduce smart gun technology to the industry; something the consumer doesn’t want,” Remington’s internal memo says.
We’ve since spoken to GDSI CEO Dick Sullivan who called what was said in the Remington memo “disappointing.” He also pointed out that despite the company’s small market capitalization (about $100 million) given the people involved at GDSI and their resources, he isn’t worried about financing.
Sullivan said he sees Remington as a “great company” and a “wonderful icon brand,” one which GDSI can help build even further.
Stay tuned.
I knew Peirrson has beaten me to the comment already, cause Im a slow boat. HOWEVER, this is the first picture with out a scary black rifle in it right? Time to show off them wooden guns 🙂
Well duh. Houses are selling for ONE DOLLAR in Gary,Indiana. My home value is down 80percent. Pretty EZ to pay cash for a house in “marginal” area…especially if you got an Uzi on your hip. LOL
What do I want in my firearms? I want a distinct lack of anything that can be exploited to remotely disable it.
Seems nice. does it use proprietary mags? I expect someone will make an Uzi mag cobversion.
It’s weird to see curved magazines for a straight-walled cartridge. But whatever… I think they look nicer. I do love me a 9mm carbine!
Look up their stock. They trade at $0.90 (and that’s up $.10 – apparently on this announcement) with a projected EPS of -$0.09. Their market cap is $84.25M. I doubt they can come up with the financing if their offer is accepted, and if they do they are going to be heavily leveraged. This looks like it’s just a stunt to get their name out there and maybe pump the stock up so some folks can dump it (idle speculation, not financial advice).
I wouldn’t get excited about this. If by some feat of accounting shenanigans it goes through, the only way they will be able to sell “smart guns” is if there are laws mandating their sale. Even then, no one says you have to buy one. I suspect the market will sort this out shortly.
And that children is how drugs and money cause problems in the inner city
For many years now, I have used an Eotech 512 and sold a lot of them out of the store. I have no experience with the high-end Aimpoints, so I can’t address them. I have had considerable experience with low-end red dot optics — all ranging between unsatisfactory and terrible.
I have one 512 that I have had for over five years. The first rifle it was mounted on was a Saiga 7.62 x 39 with the sporter stock. With this rifle, I regularly shot golf balls at 100 meters using Wolf and Tula ammo. I cannot fault the accuracy of the Eotech in any way.
Now that same 512 resides on a 10.5″ upper for our 5.56 machine gun with a newer 512 on the .300 Blackout upper for the same select fire lower. Both perform completely to my satisfaction. We usually demonstrate the 512 by allowing customers to sight in on an abandoned house about 500 yards away from the front door of the store. They are amazed that they can sight in on an upstairs window and the center dot doesn’t cover but a few inches of the pane.
Several of our customers own several Eotechs and we recommend them without reservation for any black rifle. All I can say is that if there were a suitable mount for our .30 carbine and our Russian SKS and our select fire UZI, we would have Eotechs mounted on them.
Interesting, but I don’t know that it would be my first choice were I to be in the market for a pistol-caliber carbine.
Up next: GDSI announces potential acquisition by Apple to bolster their secretive rumored iGun efforts. GDSI stock surges to nearly $1/share on the rumor.
Wow. Lot of detail that hasn’t been offered up anywhere else, that I know of. Conn. SP and the mainstream media generated more questions than answers in their handling of the horror.
Growing up on a farm, my father would subject me to a stern lecture if I was ever caught without my pocket knife. The reason was simple: Always carry a pocket knife because you never know when you’ll need one.
Being prepared to defend ourselves and others needn’t be a public display. Like the color of our underwear, it’s just not useful information for other people to have.
All I want is enough inexpensive 9mm to feed it.
I’m with Dr. Kleck. I think the preferred method of carry should be open. It is a reminder to the less honest that attacking someone is dangerous business. Emotionally, I prefer the covertness of concealment but once I am in a OC environment I get comfortable with it.
Absolutely not. What I have or do not have on my person is really none of your business. The 2A establishes that arms are an inherent right, therefore why would I give anyone special notice of my having one? Do I need to inform persons that I have a smart phone, or am wearing a crucifix, for example? What about an ink pen, for utilizing free speech capabilities?
The idea that others have some “right” to be informed of my business is preposterous. Sounds like the 4A may have some bearing on that.
I don’t think so.
….this just in, I’m down here at sxsw and Come And Take It (Austin) just open carry marched down 6th St. Awesome.
Sales to LEOs – caliFARCIA law enFARCMENT “officers”?? Here in caliFARCIA, the cops are arrogant
killers who walk into a gunshop and Demand SemiAutos marked: “for law enforcement only”. Expecting manufacturers to “comply” with the sacramento Looney List, rep harris and the OTHER politically EXPEDIENT opportunists who dream up these “laws” to justify their “tenure” is asking the manufacturers to go Over the Line. A sacramento politician costs the taxpayers $210,000 per year to dream up these “laws” which are an affront to Citizens Rights as well as 2A, while they WASTE $10,000,000,000 (BILLION) Per Year for “illegal immigrant essential services” including ALL “anchor baby” related costs. Get real, these fraudists, including”gov” jerry brown, aren’t about citizen rights or preserving 2A, They are about a cushy job with NO Reponsibility for Life.
My problem with the p22 was that it was not a desirable firearm, yet auto post after auto post on my favorite web site tried to tell me it was. With the ksg, I am interested. Not only do I want to know who wins, I’d like to know how many entries the winner had to submit.
What do you mean armed? I don’t see a gun! I didn’t hear a bang!! If a gun was there… well, it would have just “gone off”!!! Besides, isn’t there a permanent gun free zone within three feet of Shannon…see, no guns there.
Thats just one of the local meetings. Check gunssavelife.com for the other locations and times. We’re a strong group thats growing and doing our part to stand up for our God given rights recognized by the constitution.
113 views? How many views did the Glock 42 videos get?
The point of the smart gun idea is to move one more step closer to making all guns illegal for civilians. Once they show even smart guns don’t work to end crime it’ll be a quick skip and a hop to ban all guns, one category at a time. The handgun segment is the hardest to ban because they have self-defense uses, this smart gun idea can change and give them a chance to ban that segment. Then they think it will be easier to find illegal guns because every civilian gun will be illegal.