Did i hear right

[johnnysR51]

    March 18th deadline for Remington to file chapter 11, and Bank of America is backing away as admin. agent ,,,,anybody else here this

                                                               JohnnysR51

[funflyer]

I read something about that also. Seems a newly formed trust company stepped in for BofA to fund the BR. Surely nobody could be foolish enough to think a weapons manufacturer could recover from an almost 1 billion debt in today's market.

I've had a bad feeling about this since the beginning.

[R51Fan2017]

Time will tell as far as this news goes. It is almost impossible to recover from 1 billion in debt period. Sad, sad, sad. Like I said, time will tell. It ain't over until it's over.

[1911SHOOTER]

Sean, Todd,
Look at it this way, we all have collectors items now.   
Blackie

[DryrotUK1985]

we better order our parts and pieces while we can

[R51Fan2017]

Sean, Todd,
Look at it this way, we all have collectors items now.   
Blackie

They will be worth even more if they are new in box. You know what that means. Go buy another and keep it back, and in 20 years, it could be pretty valuable! 

[johnnysR51]

  went on line after shooter inform of sale put 3 mags in cart plus other parts ,,, went to get CC info and as I started putting it in I noticed the mags ere back to the reg piece call this morning and was told yep its over do I still wamt them ,,,, il wait for sale again
                                             johnnysr51

[funflyer]

Sean, Todd,
Look at it this way, we all have collectors items now.   
Blackie

They will be worth even more if they are new in box. You know what that means. Go buy another and keep it back, and in 20 years, it could be pretty valuable! 

I'd gladly buy another and, just like the gen1 barrels on ebay, there should be a boat load of parts available for cheap.

[Pat Riot]

Interesting read on Remington's situation. Near the end of the article it appears that there may be some light at the end of the tunnel.

https://www.jayweller.com/remington-outdoor-co-remington-arms-set-to-file-chapter-11-bankruptcy/

[R51Fan2017]

Well at least they will be able to continue production while moving forward with bankruptcy proceedings. At least they are able to do that. There definitely looks like there is light at the end of the tunnel!