Fuff,
If you do some Internet research, you can find references to Blank's efforts over the years.
Splashy Save Winchester campaign, when it was already a done-deal by FN & no possibility of keeping the Conn USRAC plant going.
May still be cached references to the gun company he formed next, which sold coffee cups online while he was looking for a gun to manufacture.
Much backstory on his efforts over two years to bring back Merwin Hulbert, which most of us knew was not going to happen & didn't.
When I talked to him sometime back, he was claiming to be working with Savage to bring back the 99. I'm sure you've all seen those new 99s on dealer's shelves.
You can look up the consortium he was involved with that drove A-Square into the ground, a holster company that never went anywhere, the Sharps Rifle Company that was intended to build AR-15s, had no connection whatever to any Sharps design, and was still a rifle company without a rifle last time I talked to their PR guy a year or so ago. They WERE making a couple AR-15 parts, no complete guns.
You can look up what that consortium did to the town of Glenrock, Wyoming during all this, with many promises & much talk of manufacturing there.
I have zero confidence in Michael Blank, and/or anything he's involved with.
Based on his past record, much of which is public, I see no ray of sunshine for Colt if he has any influence over the sale, purchase, operation, or finances of the company.
Denis