Doesn’t this show they haven’t been delinquent since 17’?Hi,
Well taxes were definitely not their strongest set of skills...
Sincerely,
Theis
View attachment 7332174
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Doesn’t this show they haven’t been delinquent since 17’?Hi,
Well taxes were definitely not their strongest set of skills...
Sincerely,
Theis
View attachment 7332174
Doesn’t this show they haven’t been delinquent since 17’?
Hi,
No, different set of taxes.
Sincerely,
Theis
...
This forum can be your worst enemy or best friend. There's some very intelligent points being brought up by some obviously very educated people on the subject. Rather than engaging legitimate questions we get the same rubber stamped answer of 'all is well, you'll find out later today.' It's not a very endearing response for the intelligent questions being posed; and in turn, elicit speculation about how Gunwerks is handling this debacle.
I am an attorney and I would tell all of my employees to say NOTHING. It is a huge mistake for any of them to say anything about pending litigation. Don't do it.
Agreed. Pumping up inventory is really easy by switching over to another accounting method, especially in a line of business where added value is really negotiable and any WIP rifles can be accounted for differently. If they wanted to beef up balance sheet figures, that's how I'd do it.A logical move if GW didn't like WF business practices would've been to refinance. I'm sure a lot of suitors would've jumped at the chance lending to a "booming" business, charge 4-5% vs whatever abysmal treasuries are paying. 2.5-3M is not a big line of credit, an individual could handle that. WF probably would've helped them pump up their balance sheet to entice a suitor.
Of course if WF is correct and they are hemorrhaging cash and converting collateral no one would right mind would touch them. Experience tells me the latter is probably closer to the truth.
Hi,
FWIW, Fighting off Torrey Pines Logics' suit of Intellectual Property in the Ninth Circuit in California cannot be cheap....
![]()
Cases matching "gunwerks"
dockets.justia.com
Sincerely,
Theis
What product does the patent fight concern?
I was quoting what I heard, and shared it. Are you really this dumb? You sound like a tool trying to grammar check a forum post.
I doubt anyone authorized by GW to give any information is actually in this thread.There's some very intelligent points being brought up by some obviously very educated people on the subject. Rather than engaging legitimate questions we get the same rubber stamped answer of 'all is well, you'll find out later today.' It's not a very endearing response for the intelligent questions being posed; and in turn, elicit speculation about how Gunwerks is handling this debacle.
![]()
Gunwerks agrees to lawsuit settlement - Bank sued local firearms business for $2.8 million
A settlement was agreed to in a $2.8 million lawsuit between Wells Fargo Bank and Cody-based firearm manufacturer Gunwerks, that was filed in Wyoming Federal District Court on Wednesday, accordingwww.codyenterprise.com
thread was like a bunch of school girls bickering in here with everyone’s assumptions
Yikes??? The suit is over Pines claiming they gave Babcock $1000 for the patent rights?? FUCKIN' REALLY???!!! That isn't even the price of ONE scope. Bullshit!! This sounds like shitheads trying to cash in.Yikes!
Was wondering if someone seen who was the original poster of the article.........Lots of speculation going on here. FWIW, the Wyoming Business Council and the City of Cody have done everything possible to support the company. The real losers here are the taxpayers and the employees. No surprise to see who made the OP.
Yikes??? The suit is over Pines claiming they gave Babcock $1000 for the patent rights?? FUCKIN' REALLY???!!! That isn't even the price of ONE scope. Bullshit!! This sounds like shitheads trying to cash in.
I get the whole, "You borrowed it, you pay it back." thing. But, where WF in the past has been nailed and nailed again on predatory lending charges and corrupt collection charges I'm not willing at all to be on their side. As I said in my last post, FUCK THEM and Fuck THEM with a big stick is the best policy to deal with them.
Nobody seems to shed a tear, who supports WF, about how they took HUNDREDS OF BILLIONS of your taxpayer dollars. That ain't water under the bridge for me. They tried fucking me and I had to go back swinging with a club, (Minnesota AG) to get them to pay the fuck attention. No, they weren't happy. And when the loan officer decided he'd have a word with me. I shot back, and when their Senior loan specialist heard what I said, she shut him down! I had three days to call that deal off and it would have looked pretty bad for them. I was tired of the fight and decided what they gave me wasn't what I had but it was doable.
I also noticed in the settlement, that WF put out in public a shitload of stuff they weren't privy to. Just to make them look better in this deal. Yeah, it sounds like good ol' WF pushing the envelope seeing what they can get.
FWIW, the location and property overlooking the Shoshone river sure sounds like prime real estate...
Of all the shit in thread, I don't think WF is not gun-friendly. I just think they SEE a lot more cash in what Gunwerks has and WHERE they have it.You mean a bank would change how it values products, assets, and liquidity? Say it ain’t so! Especially WF that has been super gun friendly. Does this means GW is perfect and everything is exactly what it should be? Absolutely not, I’m sure something can be found somewhere. Could be in the patents, previous issues.
Glad to see it is resolved either way.
Of all the shit in thread, I don't think WF is not gun-friendly. I just think they SEE a lot more cash in what Gunwerks has and WHERE they have it.
I'm reading the suit and don't really care about the article. Wells Fargo's claims are subject to perjury, so from their numbers, it seems there was a failure to meet expectations of the loan.
So, answer me this, if this would go to civil court, there's no chance a judge rules in favor of Wells Fargo?
So many doubters for GW, I wish them the very best and know they will pull through (waiting for a br3000 or something like that from them soon since the br2500 is now a few years old). Lots of nice stuff they have that I can’t afford. They don’t cater to people who debate if an arken scope is right for them, and then take months to save for it. They cater to a whole different client. These clients don’t just buy 1 gun and done, but keep buying their guns every year. Mr.Davidson made a good business and I wish him all the luck. He is doing what we all wish we could do. Unfortunately lots of bitter or jealous people here.
So many doubters for GW, I wish them the very best and know they will pull through (waiting for a br3000 or something like that from them soon since the br2500 is now a few years old). Lots of nice stuff they have that I can’t afford. They don’t cater to people who debate if an arken scope is right for them, and then take months to save for it. They cater to a whole different client. These clients don’t just buy 1 gun and done, but keep buying their guns every year. Mr.Davidson made a good business and I wish him all the luck. He is doing what we all wish we could do. Unfortunately lots of bitter or jealous people here.
Thanks for standing by us! It's called the BR4. Coming this summer along with plenty of other great stuff.![]()
We’re still training and training was solid this week, as the shooters in this pic don’t have the time to lurk on forums or Facebook, Instagram. They’re too busy running multi-million dollar companies, and using their off time to get educated in the art and science of long range shooting and exercising their 2A rights as a red blooded American.
Please read my official statement. Here's the takeaways:
Delinquent sales tax: fake news (5 minutes to look it up)
Delinquent vendor payments: fake news
We stroked a cash payment to Wells Fargo today for nearly 3 million bucks! True story.
We tried to get fair treatment, and stood up for our rights, without rolling over at the first sign of pressure. I might be a little too cocky. WF pulled out the big guns, we settled our obligation.
One other point of clarification regarding the business development grant. City of Cody got the money, built a building. We've agreed to lease it for 20 years, I signed a personal guarantee - for 20 years! Gunwerks fronted the 5 acres of land and hundreds of hours of design and management oversight during construction.
https://www.gunwerks.com/blog/press-releases-5/post/official-statement-from-gunwerks-ceo-regarding-wells-fargo-litigation-225#scrollTop=0
I'll accept apologies via pm if you don't want to post them publicly....
I'll accept apologies via pm if you don't want to post them publicly....
So what makes you think some of us aren't doing the same thing? You're condescending remarks on this subject remind me of something your CEO would say. Hopefully it isn't rubbing off on you too.
Pretty sure Frank started Snipers Hide so that people could share their experience and help those that are looking to get into long range shooting and/or find some relevant information on it.
View attachment 7333614
We’re still training and training was solid this week, as the shooters in this pic don’t have the time to lurk on forums or Facebook, Instagram. They’re too busy running multi-million dollar companies, and using their off time to get educated in the art and science of long range shooting and exercising their 2A rights as a red blooded American.