WHERE DID YOU COME FROM?

For those who haven't seen the update in GD, and I'm sure Corby won't be publicizing this...

Thanks for the update, I was wondering what was going on with that.

Here's a bit of news on Colt's:

http://www.businessweek.com/articles/2014-05-29/colts-curse-gunmakers-owners-have-led-it-to-crisis-after-crisis

That's one hell of a confusing statement.  On one hand it sounds like Corby's lawsuit got smacked down and his allegations that he designed what amounts to the REPR was proven false, while on the other hand giving credence to his claims that he did have something to do with the design and thus some kind of legal ownership since LWRCI gave him permission to use it, otherwise LWRCI would have completely wiped the floor with him.  

Sounds like a win-win outcome, but how the hell is that possible these days?

That or LWRC is making some cash off of the license agreement, to let F&D use their patent. I haven't gotten to look at the details of their license agreement though, so cannot say for sure.

Easier to just let something go, as opposed to continuing to have a long fight, especially if LWRC is still looking for a buyer. Now, there is no legal battle for a potential buyer to be worried about.

That's assuming that Corby still has anything to do with F&D.  Let's not forget that F&D got a temporary restraining order against him, and the comment in the press release "F&D regrets the statements that were made about LWRCI by a former employee."



I wonder how much of what we were led to believe, that Corby IS F&D and that it's his company (with, from what he said, no other employees), is complete bullshit.



Sounds like he wasn't in as much control at F&D as he let on, and that those who ARE in control were not too happy about how he conducted himself on various internet fora.  With that troublesome bee out of their bonnet, LWRC was more than happy to license the applicable features to F&D, picking up some cash if they start producing at a reasonable rate.



 

I visited F&D about 1 1/2 years ago and met Corby and at that time he was one of two guys that made up the company and the second guy was a "helper."  Corby was doing all the machining and assembling himself; "helper" was there to answer phone and process orders etc. This is my opinion based upon what I observed. There may have been individuals behind the scenes that were posibly the $ for example.  I know a way to find out if he is still there and will look into it.

ETA:  I went by the facility just to check out what was happening as I passed by a couple times and was curious. I was offered a place in line for one of the first production runs of the 308 but passed up the oportunity. I don't have any other involvement except for being curious as how Corby's allegations in his other thread would turn out. There's a good reason I passed on a rifle. My loyalties lie elsewhere.

His LLC lists himself as Registered Agent, and someone in OK as Manager.

 

Just when I though all this was behind us....

As long as there is micro-lapping to be done, it's never over.



 

No one else has done it before.

Perhaps LWRC will have enough cash to buy Colt  Big old govt tit company not really in line with consumer sales would have a hard time selling weapons.