Lycidas Janwor
Member
Colt needs to file bankruptcy and liquidate all its current assets (to pay off debt). It then needs new ownership, complete restructuring and a corporate move to a business friendly state like TX. Then it needs to retool and bring in a new workforce and managment which will cost $.
My recommendation: start making ammo. You gotta retool anyway so get into ammo production which will give you immediate cash flow.
The AR market is totally saturated and undervalued. Everyone and their grandmother is making a freaking AR platform rifle. My other reccomendation is to contract out the Colt badging to other AR manufacturers so that they can claim they are making a "Colt" and put the colt stamp on their AR stuff and then pay you for the right to use the Colt name. For example, if DPMS or PSA wants to sell "colt" ARs, let them. They just have to pay Colt to use the Colt name. Again, this is immediate cash flow for Colt.
Finally, I'd pick a pistol to start manufacturing immediately, the good ole Colt 1911. Making a pistol costs less than making a rifle. Make an excellent quality 1911 with the Colt name. Once there is cash flow from this, then start expanding into other gun platforms.
My recommendation: start making ammo. You gotta retool anyway so get into ammo production which will give you immediate cash flow.
The AR market is totally saturated and undervalued. Everyone and their grandmother is making a freaking AR platform rifle. My other reccomendation is to contract out the Colt badging to other AR manufacturers so that they can claim they are making a "Colt" and put the colt stamp on their AR stuff and then pay you for the right to use the Colt name. For example, if DPMS or PSA wants to sell "colt" ARs, let them. They just have to pay Colt to use the Colt name. Again, this is immediate cash flow for Colt.
Finally, I'd pick a pistol to start manufacturing immediately, the good ole Colt 1911. Making a pistol costs less than making a rifle. Make an excellent quality 1911 with the Colt name. Once there is cash flow from this, then start expanding into other gun platforms.