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Global Digital Offer to buy Freedom Group
DSI has filed a Form 8-K with the Securities and Exchange Commission (“SEC”) providing information regarding three proposed transactions, including an unsolicited letter of intent to acquire Remington Outdoor Company, Inc., also known as Freedom Group, Inc. (“Freedom”). GDSI has made an unsolicited offer to purchase freedom for $1.082 billion in cash. Freedom has estimated that its net sales for 2013 will be in the range of $1.250 billion to $1.275 billion and that its adjusted EBITDA will be in the range of $235 million to $240 million. The Form 8-K may be accessed at www.sec.gov or from the Investor Relations page of this website.
According to recent reports from the United States Bureau of Alcohol, Tobacco and Firearms (ATF), an annual average of nearly 3.5 million firearms were manufactured in the United States over the past eight years. GDSI Gatekeeper’s encrypted digital locking device could be easily retrofitted into existing firearms or it could be included in the manufacturing process itself.
The ATF also reports that there are roughly 130,000 federally licensed firearms dealers in the United States, including some 51,000 retail gun dealers, 7,300 pawn shops, and 61,000 collectors. In addition, approximately one-third of U.S. households currently own at least one firearm. All told, the manufacturing of firearms and ammunition represents an $11 billion industry in the United States.
The company expects to derive revenue from licensing its proprietary Gatekeeper technology and from monthly database service fees. Authorized dealers would also be able to collect residual fees by enrolling subscribers into the GDSI Gatekeeper safety and security program.
...GDSI Gatekeeper’s encrypted digital locking device could be easily retrofitted into existing firearms or it could be included in the manufacturing process itself. ...
They should just melt all guns and stop bothering chipping them. Who cares that you can track people, when everyone is already monitored. They just need to know who owns a gun, so he to be more monitored. There is no freedom if there are guns.