Originally Posted by
jaholder
Do the math, folks: $50K left in assets, owe up to $50mil, they made about 8000 handguns. That's $6250 owed per handgun that sold for around $700 MSRP.
This isn't bad management, there's something criminal going on here.
That is why I said when something like this happens I wonder about the lifestyle of the folks involved. Plenty of companies have the cash stripped out of them by unscrupulous owners. Perhaps not illegal in all cases, but not evidence of a good moral compass.
Patriotism means to stand by the country. It does not mean to stand by the President... - Theodore Roosevelt, Lincoln and Free Speech, Metropolitan Magazine, Volume 47, Number 6, May 1918.
Every Communist must grasp the truth. Political power grows out of the barrel of a gun. Our principle is that the Party commands the gun, and the gun must never be allowed to command the Party Mao Zedong, 6 November, 1938 - speech to the Communist Patry of China's sixth Central Committee
Bookmarks