Obtained via Public Records requests, Guns.com analyzed the California DOJ’s assault weapon list of some registered 145,253 firearms, as well as the politics of the ban. Read more
Third time’s the charm? Colt Defense extends the deadline for creditors to exchange notes or vote in support of a pre-packaged plan for bankruptcy.
Standard & Poor’s downgraded both Colt’s debt rating and corporate credit rating to a “D” from “CC,” the rating service said in a statement Tuesday. Read more
The plan to exchange old bonds with new ones needs 98 percent of investors to participate, but only a small percent has been accounted for as of last night. Read more
An Army whitepaper released Monday questions a plan sending as many as 100,000 “untraceable” 1911s to the Civilian Marksmanship Program. Read more
Colt Defense extended the deadline today for bondholders to decide to either accept or reject a plan that would change the rate of bonds issued by the ailing gun maker.
More bad news for the ailing gun maker Colt as the company nears the deadline for bankruptcy, it may have to give up on its Florida home. Read more
An add-on to the upcoming National Defense Authorization Act that passed committee includes a plan to transfer the U.S. Army’s remaining stock of .45 ACP 1911A1 pistols to the Civilian Marksmanship Program. Read more
Ailing Colt Defense is trying to dig itself out of the hole, and while its charted for bankruptcy, it’s trying to make the process as painless as possible. Read more