wow, WTF.
wonder what this is all about. Hopefully more info comes available soon,
looks like MGT needs another AR manuf. now to deal with.
I wonder what will happen to their warranty?
Any other supporting info?
I wonder if this has anything to do with it.
"In December of last year, Aerospace Manufacturing Services of Colorado filed suit in the U.S. District Court for the Middle District of Tennessee claiming that it is owed $1.05 million for 2,400 .50-calibre machine gun firing bolts."
If they are siezing assets from a FFL and those assets are guns and gun parts so the ATF has to be involved.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
-- Samuel Adams
Hoser was it Cav Arms or the CEO at fault? So far I understand there is no actual reason given.
I wasn't asking about Cav Arms,{that is old news},but Sabre Defense. They were trying to buy Cav Arms at one point.
Also Ridge brought up a point that I was going to post,above,that I was going to post.
On February 27, 2008, agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives executed a federal search warrant on the business premises of Cavalry and on the private residence of its CEO, Shawn Nealon. We have immediately engaged legal counsel to resolve this matter with the federal government. Cavalry is confident that all its conduct has been lawful in carrying out its business activities. The Government has yet to share with the company details of the investigation or the cause precipitating the search warrant. Cavalry is cooperating with the federal investigation. To date, no accusations of wrongdoing have been filed against Cavalry or any of its employees regarding alleged illegal activity.
Well, what better way to shut down firearm mfg businesses than by raiding them, and even temporarily confiscating half their assets? They don't have to arrest anyone, just do what they've done so far and see how long the businesses can hold on when they're unable to conduct business. Then they can return the assets later to whatever entity owns them at that point. Voila, one less firearms manufacturing company.
Sounds a lot like Customs trying to shut down most folding knife production.
SI VIS PACEM, PARA BELLUM
Herding cats and favoring center
ATF didnt return anything from Cav Arms...after 3 months, it was all just auctioned off...