Reuters: Remington Seeks Financing To File For Bankruptcy

Reuters reported yesterday that Remington Outdoor Company is in search of financing that would allow it to file for bankruptcy. They have reached out to a number of banks and credit investment funds.

The move comes as Remington reached a forbearance agreement with its creditors this week following a missed coupon payment on its debt, the sources said. The company has been working with investment bank Lazard Ltd (LAZ.N) on options to restructure its $950 million debt pile, Reuters reported last month.

Remington is seeking debtor-in-possession financing that will allow it to fund is operations once it files for bankruptcy, the sources said. The size of the financing and timing of Remington’s bankruptcy plans could not be learned.

Some potential financing sources, including credit funds and banks, have balked at coming to Remington’s aid because of the reputation risk associated with such a move, according to the sources.

In addition to sales being reportedly down 27% for the first three quarters of 2017, Remington faces a $550 million term loan that comes due in 2019 along with another $250 million in bonds that mature in 2020.

In other words, Remington is facing a perfect storm.

A Nice Win For Gun Rights In A California Appeals Court

Prior to a letter sent out by the California Department of Justice in 2014, holders of Curios and Relics Federal Firearm Licenses who also had a certificate of eligibility were exempt from the one handgun a month rule. That changed when the DOJ’s Bureau of Firearms issued a letter to all dealers in California that said, in effect, that C&R FFLs would not exempt holders from the one handgun a month rule with regards to modern handguns. The Calguns Foundation and Cal-FFL brought suit in 2014 challenging this as a violation of the state’s Adminstrative Procedures Act, contradicted the plain language of Sec. 27535, and ignored the legislative history of the one handgun a month law. The case sought a preliminary injunction in California Superior Court.

The trial court found that the Bureau of Firearm’s interpretation of the law was “the only legally tenable interpretation of Sec. 27535” and granted the DOJ’s motion of summary judgement. The case was appealed to the California Court of Appeal, 3rd Appellate District which today overturned the trial court.

From the court’s opinion:

On appeal, plaintiffs argue the interpretation DOJ announced in 2014 is void
because (1) it is inconsistent with section 27535 and (2) it was not adopted in compliance
with the APA. We agree with plaintiffs and address their arguments in reverse order.
Regarding their second argument, we conclude DOJ’s policy is not exempt from being
promulgated under the APA because it does not embody “the only legally tenable
interpretation” of the statute. (Gov. Code, § 11340.9, subd. (f).) Having decided that
DOJ’s 2014 interpretation of section 27535 is void for failure to comply with the APA,
we resolve any ambiguity regarding the proper construction of the statute and construe it

as allowing individuals with the designated federal license, and certificate of eligibility,
to purchase more than one handgun within 30 days regardless of the type of handgun
being purchased. In doing so, we agree with plaintiffs’ first argument as well. We
reverse and remand for further proceedings consistent with this opinion.

Calguns and Cal-FFL released this statement on their win today:

SACRAMENTO, CA (February 8, 2018)­­­­­­ – In a published decision issued today, California’s 3rd District Court of Appeal has issued an important new ruling striking down an illegal California Department of Justice (DOJ) gun control enforcement policy on multiple grounds. A copy of the Court of Appeal’s decision can be viewed at www.calgunsfoundation.org/doe.

The lawsuit, filed in 2014, was brought by two individuals after the DOJ’s Bureau of Firearms sent a letter notifying firearms dealers in the state of a new enforcement policy that prevents Californians who hold both a federal firearms license and a state Certificate of Eligibility, or “COE”, from purchasing more than one handgun in any 30-day period. After nearly two years of litigation, and in spite of both the requirements of the State’s Administrative Procedure Act (APA) and legal precedents on how to interpret statutes, the Sacramento Superior Court upheld the DOJ’s policy. But the Court of Appeal ultimately found that the policy was illegal, agreeing with the plaintiffs on both counts.

“This decision stands for the proposition that Attorney General Becerra and his Department of Justice are not above the law,” explained Brandon Combs, executive director for The Calguns Foundation. “They can’t simply make up the law as they go, without following the rules or having a legal basis in the statutes. The DOJ fabricated and enforced an illegal policy and we put an end to it with this case.”

Combs added that the decision is important for other issues as well, especially because it is citable as precedent. “Today’s decision is perhaps even more important because of the state’s new ammunition and assault weapon laws. Attorney General Becerra has been doing similar things in other areas of state law, and we are eager to show that, like their illegal policy here, those also must be enjoined and struck down.”

Plaintiffs’ attorney Bradley Benbrook of the Sacramento-based Benbrook Law Group hailed the decision. “We are gratified that the court affirmed the important principle that the State can’t take shortcuts when it tries to regulate citizens,” commented Benbrook. “It has to follow the rules.”

Doe, et al. v. Attorney Genera Xavier Becerra, et al. was supported by two California-based civil rights advocacy organizations: The Calguns Foundation, which focuses on legal efforts to protect individuals’ gun rights, and the California Association of Federal Firearms Licensees, the state’s firearms industry group.

The Calguns Foundation is participating in a lawsuit challenging the DOJ’s “bullet button assault weapons” regulations on similar grounds. More information about that case can be found at http://bit.ly/cgf-holt.

While the golden age of cheap surplus weapons may be over, the Curios and Relics FFL is still valuable. The rule of the Court of Appeals today in California affirms that.

Safari Club International Relocates Headquarters

While it may have no hunting season, the District of Columbia is where many of the rules, regulations, and laws that impact big game hunting in the US and in the world are made. Thus, it should be no surprise the Safari Club International has decided to move their headquarters from Tucson to Washington, DC. SCI made the decision at their recent Annual Hunter’s Convention. The move was effective on February 1st.

From SCI:

SCI KICKS UP ITS GAME TO PROTECT HUNTING

On February 1, the Board of Directors of Safari Club International changed its headquarters designation from Tucson, Arizona to Washington, DC. The purpose of the move is to focus and intensify SCI’s efforts on all forms of advocacy to protect the freedom to hunt, in coordination with other hunting organizations.

SCI’s CEO Rick Parsons will relocate to the SCI office on Capitol Hill in early April. SCI has advocacy, Litigation and communication units in that building. The SCI Foundation, which owns the building, houses its conservation department there. Parsons has a degree in International Law and has specialized in wildlife conservation issues. While working with the U.S. Government, he helped to draft and implement the global treaty (called CITES) that regulates trade in wildlife so as to prevent extinctions. Parsons has been with SCI since 1985. He has hunted in Virginia, Michigan, Texas and South Africa.

At the same Board meeting, the SCI Board applauded the new Advocacy Communications program of SCI that emphasizes an aggressive approach to outbound communication based on the theme of hunter pride. The goal of the program is to provide information about hunting to the vast majority of people who are neutral on the issue. The information will be designed to change the conversation by giving these neutrals something new to consider about hunting.

The decision to designate Washington, DC as SCI’s headquarters and to relocate the CEO was made in the midst of SCI’s 46th Annual Hunters’ Convention. The Convention is an extraordinary global gathering of the SCI family and hunting world. In all, 1,100 exhibitors from the U.S. and all over the world showed their hunting opportunities and hunting gear to more than 20,000 attendees.

There were seminars on hunting technique, ethics, legal issues and a host of other topics. There were side meetings with government delegations from Zimbabwe, Tanzania, Zambia, Namibia, South Africa, China and Kazakhstan, to name some. There were evening events featuring fundraising auctions to support the work of SCI and its sister organization, the SCI Foundation.

Between them, SCI and the Foundation put more than $3.5 Million on the ground annually for wildlife conservation, anti-poaching, education and humanitarian efforts related to hunting. SCI also funds a wide variety of advocacy activities in the U.S. and globally. Next year’s Convention will be in Reno, Nevada on January 9-12, 2019.

2018 SHOT Show: Industry Day at the Range

I have finally finished my video compilation of my time at Industry Day at the Range. Bear in mind that this is my first attempt at video so be kind with the comments. The video itself runs for a bit over 12 minutes and features video taken by the Complementary Spouse and myself.

We did run into some technical difficulties. For example, shooting video sucks the life out of your iPhone or, at least, it did it to my iPhone 6. As a result, the video I shot of the Archon Type B and an explanation of its features was lost. I think a trip to the Apple Store is in my future to take advantage of their battery upgrade.

In addition to what I shot in this video, see this earlier post of mine that talked about some of the other firearms that I shot.

Safari Club International Adopts Policy On Captive Bred Lion Hunting

The Safari Club International is one of the leading organizations concerned with wildlife conservation in Africa. They work closely with both African governments and game managers on issue related to the conservation of big game on the Dark Continent. Thus, when they adopt a policy concerning the hunting of captive bred lions, it is news.

Their policy, in short, is that they oppose hunting captive bred lions. SCI conventions, other gatherings, and their magazine are perhaps the biggest way that African outfitters reach American hunters. Given this, SCI’s refusal to let those who promote the hunting of captive bred lions to participate in those events is a big stick.

From SCI’s release:

Considering
that the practice of the captive breeding of lions for the purpose of
hunting has doubtful value to the conservation of lions in the wild, and
considering that such hunting is not consistent with SCI’s criteria for
estate hunting, the SCI Board has adopted the following policy:
  • SCI opposes the hunting of African lions bred in captivity.
  • This
    policy takes effect on February 4, 2018 and applies to hunts taking
    place after adoption of this policy and to any Record Book entry related
    to such hunts.
  • SCI
    will not accept advertising from any operator for any such hunts, nor
    will SCI allow operators to sell hunts for lions bred in captivity at
    the SCI Annual Hunters’ Convention.

Knife Rights Moves To Reform Knife Laws In Michigan

Last year Knife Rights succeeded in getting Michigan’s switchblade ban repealed. This year they are seeking to repeal the ban on the concealed carry of specifically excluded knives.

From Knife Rights:

On the heals of last year’s enactment of Knife Rights’ switchblade ban repeal in Michigan, Representative Steven Johnson has introduced HB 5512 to removed all the knives prohibited from concealed carry in Michigan statute.

Sec. 227. (1) would be removed entirely from Michigan’s penal code:
“A person shall not carry a dagger, dirk, stiletto, a double-edged
nonfolding stabbing instrument of any length, or any other dangerous
weapon, except a hunting knife adapted and carried as such, concealed on
or about his or her person, or whether concealed or otherwise in any
vehicle operated or occupied by the person, except in his or her
dwelling house,  place of business or on other land possessed by the
person.”

We will let you know when it’s time to contact your legislator on this bill. Stay tuned.

Knife Rights’ record
of 28 bills repealing knife bans at the state and local levels in 20
states in the past 8 years is unrivaled. With your support, Knife Rights
is rewriting knife law in America™.

There Is A More Important Day Than The Day Of The Rodent

Yes, I know that February 2nd is Groundhog Day. However, as the release sent out yesterday by Ducks Unlimited points out, it is also World Wetlands Day.

Weighing the pro’s and con’s of the respective days you have on the one hand a day devoted to whether or not a rodent who is often found dead on the side of the road sees its shadow. On the other hand is a day commemorating an ecosystem that filters water, provides habitat for countless animals, and could have protected New Orleans from the worst ravages of Hurricane Katrina if it had been left alone. It’s not too hard to figure out which one is more important to me.

From DU:

MEMPHIS, Tenn. – Feb. 1, 2018 – Cities across the world will be celebrating World Wetlands Day (WWD) on Feb. 2, and Ducks Unlimited (DU) is adding its voice to raise awareness of this important day. Since 1937, DU has conserved more than 14 million acres of wetlands and associated habitats across North America. On average, DU and its many partners help conserve more than 250,000 acres per year.


WWD marks the signing of the Convention on Wetlands on Feb. 2, 1971, in Ramsar, Iran. Each year since 1997, government agencies, non-governmental organizations and groups of citizens at all levels of the community have taken advantage of the opportunity to raise public awareness of wetland values and benefits and the Ramsar Convention.
“Ducks Unlimited focuses on conserving wetlands to maintain healthy waterfowl populations, but the state of our wetlands affects everyone in many ways,” said Ducks Unlimited Chief Conservation Officer Nick Wiley.


DU’s conservation projects provide habitat for more than 900 species of wildlife. People also benefit from healthy wetlands and grasslands, which provide flood absorption, community resilience, clean water, recreational opportunities and fisheries resources. And while people across the globe rely on wetlands to help provide clean water, in the last 50 years the United States alone has lost more than 17 million acres of wetlands.


“World Wetlands Day is a great opportunity to raise awareness of the threats wetlands face and how they are important. Every day, however, is wetlands day at Ducks Unlimited, and without the support of great, conservation-minded partners our work would certainly be limited,” Wiley said.


Economists estimate that one acre of wetlands can provide up to $200,000 worth of benefits to people. Nearly 44 percent of America’s population regularly depends on groundwater for its drinking water supply, not to mention the health benefits of wetlands. Wetlands in or near urban areas are the focus of this year’s WWD theme. Parks, ponds and near-urban wildlife refuges provide important opportunities for people to spend time outdoors in a healthy, natural setting.


For more information about World Wetlands Day, visit www.worldwetlandsday.org

My Endorsements For The NRA Board Of Directors

Ballots for the NRA Board of Directors have been mailed out in the February issues of American Rifleman, American Hunter, First Freedom, and Shooting Illustrated. These have only gone out to Life Members and annual members with five or more years of continuous membership as they are the only people eligible to vote in the Board election.

I have received my ballot and you can see how I’m voting in the picture below. If you look closely, you will see I’m only voting for three people. I’m a strong believer in bullet or targeted voting. Voting for up to 25 people dilutes the power of your vote and makes your top choices equal with your bottom choices.

This has been an unusually contentious election thanks to those in the old guard like Marion Hammer. I want to explain why I voted for these three deserving individuals and only these three. This is not to say that some of the others on this ballot would make good choices but rather that these three need to be on the board.

First, and I’ll be perfectly blunt about this, none of these three were endorsed by Marion Hammer. The fact that they weren’t endorsed is an endorsement in and of itself. I was greatly surprised that someone with the accomplishments of a Julie Golob was passed over for inclusion Ms. Hammer’s endorsements. This is especially true when you have a political hack like Grover Norquist endorsed who has only a marginal connection to the Second Amendment community.

Second, both Adam Kraut and Tim Knight have grassroots support as evidenced by the fact that they were both nominated by petition. Tim sought the petition nomination even though he was nominated by the Nominating Committee. Tim’s grassroots efforts in Colorado led to the recall of anti-gun Senate President John Morse and Sen. Angela Giron. He, along with fellow board member Sean Maloney, were on the ground helping to organize the recall and both would later be elected to the board. As to Adam, I was one of the people helping to gather signatures for him as I gotten to know him at the 2017 NRA Annual Meeting and afterwards. While Julie was nominated by the Nominating Committee, I think she has significant grassroots support given her past outreach efforts especially to women shooters.

Third, they are all relatively young when compared to the rest of the board. Adam is in his 30s, Julie is 40, and Tim is in his late 40s. If the NRA is going to appeal to Gun Culture v2.0, they are going to have to appeal to a younger demographic and you don’t do that by having a board composed of people my age (60+).

Fourth, both Adam and Julie are masters of the use of social media. Both use Instagram to get their message out and both have podcasts or YouTube channels related to firearm topics. Julie has JulieG Radio while Adams contributes the Legal Brief to The Gun Collective.

Fifth, I think these three will help return the NRA to the reforms engendered by the Cincinnati Revolt of 1977. None are part of the old guard that helped neuter that changes in the NRA wrought by the Cincinnati Revolt as organized by Harlon Carter and Neal Knox. Adam, especially, has publicly promoted bylaw changes that would introduce modified term limits, encourage attendance at board meetings, and provide a means for celebrities to help the gun rights movement without having to serve on the board.

Finally, all three are accomplished in their own right. Rather than rehash their accomplishments, you can read about Tim, Julie, and Adam on their own web pages.

Turkey Hunting Seminars Held By NC Wildlife Resources Commission

The North Carolina Wildlife Resources Commission in conjunction with the National Wild Turkey Federation will hold a series of seminars on turkey hunting across the state in March. All the seminars run from 6pm until 9pm. As I’ve never been turkey hunting but have always thought about it I may just attend one of these.

The NC turkey season opens for adults on April 14th and runs through May 12th. There is a special youth-only season beginning on April 7th and ending on April 13th.

More details are below. I might note that the nearest location to me is just around the corner from the Sierra Nevada Brewery which has an excellent restaurant and taproom.

RALEIGH, N.C. (Jan. 31, 2018) — The N.C. Wildlife Resources Commission and the National Wild Turkey Federation are offering 11 free turkey hunting seminars across the state in March.

The seminars, which will be held from 6 p.m. to 9 p.m., are open on a first-come, first-served basis. Each seminar is open to all ages and skill levels, although participants 16 years and younger will need parental permission to register. Pre-registration is required and participants must register online

Topics will include biology, hunting methods, calls and decoys, firearms and ammo selection, camouflage clothing, and turkey processing and cooking techniques. Each seminar will conclude with a Q&A session and a brief overview of R3 (hunter recruitment, retention and re-activation) initiatives.

Dates and locations are:
March 7
Craven County Extension Center
300 Industrial Dr., New Bern, N.C. 28562 

March 8
Onslow County Extension Center
​4024 Richlands Hwy., Jacksonville, N.C. 28540 
March 13
Bass Pro Shops
8181 Concord Mills Blvd., Concord, N.C. 28027 

March 14
Cumberland County Extension Center
301 East Mountain Dr., Fayetteville, N.C. 28306 

March 20
Mountain Horticulture Crops Research and Extension Center
455 Research Dr., Mills River, N.C. 28759

March 21
Haywood Community College
185 Freedlander Dr., Clyde, N.C. 28721 

March 27
Burke County Extension Center
130 Ammons Dr., Morganton N.C. 28655

March 28
Forsyth County Extension Center
1450 Fairchild Rd., Winston-Salem, N.C. 27105 

March 29
Guilford County Extension Center
3309 Burlington Rd., Greensboro, N.C. 27405
“For four years now, the National Wild Turkey Federation has partnered with us to offer these seminars to increase participation in hunting while also maintaining conservation of wildlife and their habitats,” said Walter “Deet” James, the Commission’s hunting heritage biologist. “This year, we’re asking current hunters to bring along someone who has never hunted beforeAny hunter who brings someone new to hunting will receive a Federation-sponsored pledge hat, while supplies last.”

The statewide season for male or bearded turkey only is April 14 through May 12, with a youth-only week from April 7-13. Regulations and restrictions on turkey hunting, including information on youth season, are available in the 2017-18 Inland Fishing, Hunting and Trapping Regulations Digest.