Smith & Wesson is for sale. The price is ~161 million dollars. If 1,610,000 people were to each throw $100 in a pot, the asking price could be met. The problem is that there would be no operating capital.
Then, again, if 1,610,000 people were to throw $200 in a pot, the asking price could be met with another 161 million dollars left for operating capital.
For every one million dollars under the asking price, one million extra dollars would be available for operating capital.
The new "owners" could tell the feds to shove it, mount a counter suit -- perhaps even a R.I.C.O. action -- and continue an American tradition. They could even suspend all operations at the company without shutting it down although that would eliminate new capital through product sales.
Each "owner" would get one share in the company, no vote, no control, no guarantee they would ever see their $200 again. Here's the problem:
Each owner would also be liable as a John Doe in any new action against the company. Of course, even in the event that the bad guys won a suit, even a 100 million dollar suit, their share would be $62.11 each. That is assuming there is no insurance payout. Here's the good part:
For every suit filed, the 1,610,000 "owners" would file a counter suit. Each suit would have to be addressed and fought even if there were no other action taken by any member. The counter suits would be filed in every state in the union whereas their suit would be filed in Springfield, Mass. We would need one battery of lawyers, they would need fifty.
We would need a holding company made up of a good pro-Second attorney or attorneys who would act on our behalf for the purchase but not until the sufficient number of "owners" had been met.
All funds would have to be in postal money orders or cashiers checks and must be accompanied by a self addressed stamped envelope. If the number of "owners" was not met by a date certain, the uncashed checks or money orders would be returned in the SASE's.
The time is ripe to do this as almost everyone in the nation is going to have a couple hundred bucks free when they get their tax refunds.
Whatcha think? Could we really do this? NRA has 3.5 million members alone -- over twice the needed number of "owners".
Is the real question, though, "Is there this much intestinal fortitude left in America"?
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Gun Control: The proposition that a woman found dead in an alley, raped and strangled with her own panty hose, is more acceptable than allowing that same woman to defend herself with a firearm.
[This message has been edited by jimpeel (edited March 18, 2000).]
Then, again, if 1,610,000 people were to throw $200 in a pot, the asking price could be met with another 161 million dollars left for operating capital.
For every one million dollars under the asking price, one million extra dollars would be available for operating capital.
The new "owners" could tell the feds to shove it, mount a counter suit -- perhaps even a R.I.C.O. action -- and continue an American tradition. They could even suspend all operations at the company without shutting it down although that would eliminate new capital through product sales.
Each "owner" would get one share in the company, no vote, no control, no guarantee they would ever see their $200 again. Here's the problem:
Each owner would also be liable as a John Doe in any new action against the company. Of course, even in the event that the bad guys won a suit, even a 100 million dollar suit, their share would be $62.11 each. That is assuming there is no insurance payout. Here's the good part:
For every suit filed, the 1,610,000 "owners" would file a counter suit. Each suit would have to be addressed and fought even if there were no other action taken by any member. The counter suits would be filed in every state in the union whereas their suit would be filed in Springfield, Mass. We would need one battery of lawyers, they would need fifty.
We would need a holding company made up of a good pro-Second attorney or attorneys who would act on our behalf for the purchase but not until the sufficient number of "owners" had been met.
All funds would have to be in postal money orders or cashiers checks and must be accompanied by a self addressed stamped envelope. If the number of "owners" was not met by a date certain, the uncashed checks or money orders would be returned in the SASE's.
The time is ripe to do this as almost everyone in the nation is going to have a couple hundred bucks free when they get their tax refunds.
Whatcha think? Could we really do this? NRA has 3.5 million members alone -- over twice the needed number of "owners".
Is the real question, though, "Is there this much intestinal fortitude left in America"?
------------------
Gun Control: The proposition that a woman found dead in an alley, raped and strangled with her own panty hose, is more acceptable than allowing that same woman to defend herself with a firearm.
[This message has been edited by jimpeel (edited March 18, 2000).]
But all I want is two handguns of my choice a year 