PSA’s In Your Face Response To Biden

I imagine most people by now have heard about President Biden’s speech where he said you needed F-15s and nukes to take on the US government. Of course there are always those naysayers ranging from the Viet Cong to the Taliban to just about everyone in the gun culture.

The memes have abounded as social media has shown.

Palmetto State Armory is going one step beyond the memes. They are now offering “Tyranny-15” stripped AR lowers for pre-sale.

It is a pre-order item going for $79.99 with about a 12 week lead time.

I have to hand it to them. This is about as in your face as it gets from its name to the engravings. Even the serial number string of TJEFFERSON xxxx recalls Thomas Jefferson’s 1787 “Tree of Liberty” letter where he said the “the tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” This was the quotation that Biden mangled in his speech.

Remington Selling Ammo Business To SC Company

The Wall Street Journal reported yesterday that Remington Arms has agreed to sell its ammunition business for $65 million plus assumption of debt. The buyer is JJE Capital Holdings of Columbia, SC. You may not recognize JJE Capital but you will recognize one of their biggest portfolio companies – Palmetto State Armory.

From the WSJ:

Firearms maker Remington Outdoor Co. has agreed to sell its ammunition business out of bankruptcy to South Carolina-based investment firm JJE Capital Holdings LLC for $65 million plus the assumption of liabilities, subject to better offers.

The JJE offer came in the form of a stalking-horse bid, setting a floor on the sale price for Remington’s ammunition business, which the company has been marketing while in chapter 11. Remington filed for bankruptcy protection in July and has been open to selling its ammunition and firearms operations to pay off its debt.

JJE Capital is considered a “stalking horse bidder” meaning they were given the opportunity to make the first bid. This first bid then serves as a floor for the price of that asset in bankruptcy.

According to papers filed with the bankruptcy court in Alabama, JJE Capital would get Remington’s Arkansas plant, its lease on its Utah property (Barnes Bullets), any improvements made to the Utah property, all the equipment and machinery, all the existing contracts for ammunition, and all the intellectual property. All permits for things like storm water and all special licenses from ATF and the Department of State would be transferred as allowed by law.

As noted in the Wall Street Journal report, this all is subject to both court approval and to any potentially higher bids.

H/T Peter

#OneMore

Those guys in South Carolina really know how to stick it in the face of the gun prohibitionists. Palmetto State Armory is selling AR lowers with the logo #ONEMORE engraved on it. They are even on sale this weekend.

If I needed another AR lower, I’d certainly consider it. As it is, I have too many builds planned with the parts bought and not enough time.