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Makers of the "smart gun" file letter of intent to buy Freedom Group (Read 5832 times)

Bota-CS1

Makers of the "smart gun" file letter of intent to buy Freedom Group
« on: March 12, 2014, 05:56:43 AM »
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SpeedTek

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Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #1 on: March 12, 2014, 06:02:17 AM »
I dont know why but I smell a RAT!

Already FFL dealers are not allowed to buy directly from the "The Freedom Group"
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2aHawaii

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Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #2 on: March 12, 2014, 07:13:23 AM »
I've been trying to find what the Freedom Group was valued at. The best info I can find is that it was bought by Cerberus for about $150M and they were looking to sell in 2012 for around $700M-900M.

Here's a link to the press release:
http://online.wsj.com/article/PR-CO-20140312-909125.html
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macsak

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #3 on: March 12, 2014, 07:30:12 AM »
Quote from: SpeedTek on March 12, 2014, 06:02:17 AM
I dont know why but I smell a RAT!

Already FFL dealers are not allowed to buy directly from the "The Freedom Group"

it could be a publicity ploy by the "smart gun" makers too
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Bota-CS1

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #4 on: March 12, 2014, 07:31:59 AM »
Quote from: SpeedTek on March 12, 2014, 06:02:17 AM
I dont know why but I smell a RAT!

Already FFL dealers are not allowed to buy directly from the "The Freedom Group"

Is what you're saying that retail pricing was increased because a middle-man takes their cut too?
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Bota-CS1

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #5 on: March 12, 2014, 09:40:25 AM »
Quote from: macsak on March 12, 2014, 07:30:12 AM
it could be a publicity ploy by the "smart gun" makers too

That could very well be too.  If they did file the form 8K and misrepresented their finances - the SEC will come down very hard on them.  If they say they're going to but don't actually file they'll still get into trouble. 
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macsak

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #6 on: March 12, 2014, 09:42:05 AM »
Quote from: Bota-CS1 on March 12, 2014, 09:40:25 AM
That could very well be too.  If they did file the form 8K and misrepresented their finances - the SEC will come down very hard on them.  If they say they're going to but don't actually file they'll still get into trouble.

well then maybe not
no one really wants to run afoul of the SEC
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Bota-CS1

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #7 on: March 12, 2014, 09:48:30 AM »
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Bota-CS1

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #8 on: March 12, 2014, 10:10:29 AM »
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2aHawaii

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Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #9 on: March 12, 2014, 03:50:37 PM »
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SpeedTek

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Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #10 on: March 12, 2014, 04:02:12 PM »
My concern is this company with Smart Gun Tech is planning to ram this crappy technology down the throats of the American people.  Oh yes it is safer. but for who?  Who controls the "Master Button"?

Plus they can GPS the gun anytime. How can that be good?  You know criminals will be able to use this info against the law abiding and also will the Govt.

I dont want a firearm that is able to be controlled by anyone! Do you?
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I collect M1 Carbines, PM me if youre selling!
& Bolt Action 308s also 10/22 Rugers.
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Q

.
« Reply #11 on: March 12, 2014, 05:03:57 PM »
.
« Last Edit: December 12, 2016, 10:35:18 PM by Q »
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Bota-CS1

Re: Makers of the "smart gun" file letter of intent to buy Freedom Group
« Reply #12 on: March 12, 2014, 07:59:38 PM »
I think this whole thing was shibai on GDSI's part.  They filed with a lowball offer knowing Cerberus wouldn't call their bluff so to speak and make them open up their books.  Freedom group had 1.2 B in sales last year. 
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