Posted on May 18, 2018
Remington Outdoor Company Successfully Emerges From Chapter 11
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This is good news.
Remington Outdoor Company Successfully Emerges From Chapter 11
Posted from ammoland.comPosted in these groups: 
Firearms and Guns
Firearms and Guns
Posted >1 y ago
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PO3 Steven Sherrill
Jurassic park clip where Dr. Ian Malcom says, "Your scientists were so preoccupied with whether or not they could that they didn't stop to think if they shou...
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TSgt Larry Johnson
PO3 Steven Sherrill - Downside is that Bank of America loaned them $43 Million to get them out of Chapter 11, and they have stated they will not give money to any company that manufactures "Assault Weapons". Not sure they can dictate that, but we will have to wait and see. Depends mostly on what the stockholders think as to what happens next. Hit BoA int he pocket book is my best answer.
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PO3 Steven Sherrill
TSgt Larry Johnson - I left Bank of America because they were a shitty institution. Maybe if they focused on banking instead of making political statements, I would have had better customer service, and not left them.
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TSgt Larry Johnson
PO3 Steven Sherrill - Same here. They even had my mortgage on my house, and I refinanced to get a different bank. I too thought there were bankers and not political pundits.
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It is good news. Now, take a minute and read what I posted below. WHO gave them money? Chas and BoA among others. Think back to who was monitoring customers purchases of firearms. Who is holding who hostage? Who is dealing off of the top and the bottom of the deck? Guns are bad, but there is money in it! LOL
Something to think about.
Remington creditors including JPMorgan Chase and Franklin Advisors will take ownership stakes in the company. Bank of America and six other banks extended $193 million in loans to the arms maker.
Something to think about.
Remington creditors including JPMorgan Chase and Franklin Advisors will take ownership stakes in the company. Bank of America and six other banks extended $193 million in loans to the arms maker.
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