The UK's Finest Independent Forum for Shooters and Gun Owners. Est 2010.

Looks orrible.
Been about two years and still not done?
Never liked these "we cant afford to risk our own money, we'd rather you did" crowd funding projects.

Mark

i think its more of a case of them running out of money

Cash flow reasons probably, the article mentions 100k units to the USA, it also mentions 300k Euros tooling (From memory)

If they really thought that there was a market that size they would have got a loan from a bank.

Anyone could say "cashflow" , what they really mean is "we never had the money nor had anywhere to get it from".

Mark

Manufacturing firearms and bank loans are not the sort of things I usually see in the same sentence. Right now your average UK bank is doing its best to distance itself from the industry and either refusing new accounts or closing down existing accounts. European/Foreign money might be a possibility or private investors.

Or re-mortgage your house and cross your fingers.

Hmmmm... Considering their own published market research appears to consist of a single internet poll that says that about 38 people might buy one... I'd not be pinning my hope on them getting a loan from a bank even if that bank was run by the NRA.

Mark

ovenpaa wrote:Manufacturing firearms and bank loans are not the sort of things I usually see in the same sentence. Right now your average UK bank is doing its best to distance itself from the industry and either refusing new accounts or closing down existing accounts. European/Foreign money might be a possibility or private investors.

Or re-mortgage your house and cross your fingers.

I get the banks aren't so highly moraled when it comes to BAE or Manroy....