12-26-2012, 01:24 PM
ericv Wrote:I think you are going to be screwed. When they declare bankruptcy people usually just walk away and maybe creditors get pennies on the dollar. Good luck
Eric:
Yes, that is true. I doubt Mr. F will get much if anything. We have advised people not to give money down to any outfit, no matter if they are a 'gun maker', car dealer, plumber, et. al. A reputable company will not charge a person until the item is ready to be shipped.
We had another one like this Loki place. Wardog Outfitters ripped a couple of guys off in much the same way. Demand money down and either ignore things or send them something different (and of much less value).
Guys / Gals -- a huge indicator of the viability of a gun maker is if they demand money down! If they do, it means they do not have any working capital and are sending your money to a creditor to pay a minimum on a far overdue bill. It means they are on the verge of bankruptcy. A pyramid scheme.
So, if you find a business that works this way and want our advice, it will be to find someone else to do business with. An place that puts AR-15's together today is so far backlogged that if you cancel your order, someone will pick it up instantly. There is no need for you to secure your purchase in order to be ensured you will get the thing. And, there is nothing magical about how a company puts AR-15 parts together.
LR1955