Remington Arms Company, Inc. through its fully owned subsidiary DA Acquisitions LLC, has entered into a purchase agreement to acquire certain assets of Dakota Arms, LLC including the Dakota, Nesika Bay Precision, Miller Arms, and Dan Walter brands. The transaction closed on June 5, 2009. This is the latest major acquisition by Remington Arms, which acquired Bushmaster Firearms, Marlin Firearms, and DPMS in 2007. Remington Arms is owned by Cerberus Capital Management, a private holding company. The acquisition of Dakota Arms is another example of the increasing consolidation of the American gun industry. Dakota Arms had suffered from over-ambitious growth plans and its revenues failed to meet investors’ expectations as Dakota never really developed a strong customer-base for its premium hunting rifles. Dakota tried to become the “Lexus/Mercedes” of the rifle market, but the plan didn’t work. Dakota’s rifles were much more expensive than Remington or Browning products, yet lacked the accuracy and craftsmanship of the high-grade, true custom rifles. “Factory rifles at custom rifle prices” was not a good business model. Established in 1982 and headquartered in Sturgis, South Dakota, Dakota Arms manufacturers custom and semi-custom rifles for the sporting markets. The Dakota brands include Nesika, Miller Arms and Dan Walter. Nesika Bay Precision actions (at one time) were highly respected for their engineering and build quality; Miller Arms is known for the reliability and performance of its single-shot actions and custom rifles. Dakota Arms is based in the Black Hills of South Dakota and currently employs 35 people. “I am pleased to announce that Dakota Arms is joining Remington and the Freedom Group of companies,” stated Ted Torbeck, CEO of Remington Arms Company, Inc. and Freedom Group Inc. “Dakota Arms is an icon within the industry and its fine products exemplify quality, craftsmanship and attention to detail. Dakota is the perfect compliment to our industry-leading family of brands. We look forward to continue to develop and expand the Dakota brand and thank all its employees for their continued dedication and success of Dakota Arms.”
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 21264 / October 28, 2009 United States Securities Exchange Commission v. Charles R. Kokesh Civil Action No. 6:09-cv-1021 (D.N.M.) (October 27, 2009) SEC Charges New Mexico Man with Misappropriating $45 Million Dollars On October 27, 2009, the Securities and Exchange Commission (“Commission”) filed a civil injunctive action against Charles R. Kokesh for his role in defrauding at least 21,000 investors in four business development companies (“BDCs”) through a variety of schemes and contrivances. The Commission’s complaint alleges that: From at least 1995 through July 2007, Kokesh controlled two now-defunct Commission-registered investment-adviser firms (the “Advisers”), which in turn controlled and provided investment advice to the BDCs. Acting by and through the Advisers, Kokesh misappropriated approximately $45 million of investor funds by causing the BDCs to pay illegal distributions, performance fees, and expense reimbursements to the Advisers. To conceal the scheme, Kokesh caused the Advisers to distribute misleading proxy statements to BDC investors and to file false Commission reports on behalf of the BDCs. The Commission’s complaint, filed in United States District Court in New Mexico, alleges that Kokesh violated Section 37, or in the alternative Section 57, of the Investment Company Act, and aided and abetted violations of Sections 13(a) and 14(a) of the Exchange Act and Rules 12b-20, 13a-1, 13a-13, and 14a-9 thereunder, and Sections 205, 206(1) and 206(2) of the Investment Advisers Act. The Commission seeks a permanent injunction against further violations of the securities laws, disgorgement plus prejudgment interest, and civil money penalties.
Originally posted by Helious
Nonsense. Everything the guy in the video is saying is highly speculative and based solely on his own opinion. The one piece of "evidence" he shows is obviously a joke by Adam Kokesh, calling himself the revolution czar.
C'mon man. Disagreeing with what Adam is planning on July 4th is one thing. Claiming he works for the Obama administration and is a plant is something completely different and it's ridiculous and uncredible.