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Thread: Its Official

  1. #31
    Join Date
    Dec 2011
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    Quote Originally Posted by nova3930 View Post
    Colt is desperately doing anything they can to drive up revenue as they rapidly approach bankruptcy.
    Doesn't seem likely. You had government distorting the market 2 years ago, shifting demand from the future to then. So demand is lighter ... supply steady ... prices ... go ....

    "In the event Colt decides to proceed with a prepackaged bankruptcy filing, it will continue to conduct its business and operations in the ordinary course. Moreover, trade creditors, vendors, and customers will be unaffected by the Prepackaged Plan and will continue to be paid in the ordinary course of business; union related agreements will also be unaffected and employees will be paid all wages, salaries and benefits on a timely basis."

  2. #32
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    Oct 2012
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    Quote Originally Posted by nml View Post
    Doesn't seem likely. You had government distorting the market 2 years ago, shifting demand from the future to then. So demand is lighter ... supply steady ... prices ... go ....

    "In the event Colt decides to proceed with a prepackaged bankruptcy filing, it will continue to conduct its business and operations in the ordinary course. Moreover, trade creditors, vendors, and customers will be unaffected by the Prepackaged Plan and will continue to be paid in the ordinary course of business; union related agreements will also be unaffected and employees will be paid all wages, salaries and benefits on a timely basis."
    To continue operating in a bankruptcy you've got to have the revenue stream or debtor in possession financing lined up. Oversupply is certainly a factor but their desire to maintain ongoing operations plays into it as well.

    Sent from my SCH-I545 using Tapatalk

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