I know a local guy who owns a 50 M2HB that was an early (hack job) rebuild. Got title1 approval from the ATF - but it functions like a bolt gun. Does not cycle, fires from a closed bolt. You have to muscle the charging handle back every time (hard to do, BTW, both hands, brace your feet on the tripod, and pull with all you got).
For all it's faults, he enjoys the heck out of it.
And I don't question it.
EDIT: and yes, it's belt fed. So, technically, it's a belt fed bolt gun.
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