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Tort! It looks like 'steaming hot tort action'!! Wieland appears to be bringing a slander/libel case against the Paso Robles effort - specifically naming Miller. Weiland = Plaintiff Paso Robles/Miller = Defendant Here's a copy/paste from the linked page. Visit the link for more details (if/when it works for you)
Get a quart of beer and a sack of popcorn for this one! Cheers Tinker _________________________________ Self appointed Colonel, DRSS | ||
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is he, by some chance, listed among the creditors in the bankruptcy claims? Rich | |||
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SharpShooter- To answer your question...
I will quote our fellow member, 577NitroExpress from this thread
Cheers Tinker _________________________________ Self appointed Colonel, DRSS | |||
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Interesting to note Craig Boddington's $12,998 unsecured loan and E. Boddington's unsecured loan of $21,423. Total = $34,421. JPK  Free 500grains | |||
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the sad part, the "E" is Craig's mother IIRC. What I don't understand is how you can have a 3:1 ratio of assets to debt and still be able to file. Ah well, Rich | |||
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Idaho, You are spot on. $3.250 million in assets? This seems to me like more deception. Anybody that has seen their operation can tell you it would bring $100,000 or less at auction. Is the Rigby name worth 3 mill.? | |||
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In a recent article they mentioned that this bankruptcy was some sort of tactical legal action to out maneuver some of his investors who were trying to take over the company and oust Miller. There were really was no financial problem. The article said it worked so Miller dismissed the bankruptcy. When the buffalo are gone we will hunt mice, for we are hunters, and we want our freedom---Sitting Bull .470 Chapuis double; 9.3x74R Mathelon triple; 30-06 Winchester O/U | |||
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Idaho, please understand that I am far too trifling to go to PACER to figure this out. That said, my surmise is that the BR was declared on the basis that the company was "...unable to meet its debts as they mature." I surely would like to see some posts from persons who actually own/shoot California Rigbys. Anybody home? | |||
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I doubt anybody here is going to admit that, except under duress... There's a simple cure for false bankruptcy gamers, just require the company to be placed under court direction and require all principals of the company to step away for one year. Much of the time a little fresh direction will work wonders. Rich | |||
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Quoted from the article in SCI mag. "In 2005 a widely circulated rumor had it that Rigby was bankrupt and that Miller would lose control of the company in a hostile takeover. When the dust settled in federal court, Miller had prevailed, and his tactical maneuver of filing for Chapter 11 bankruptcy protection had been a key element of his strategy." Where does a gun writer get this sort of info.? Mr. Miller. Rumor??? They filed for Chapter 11 Bankruptcy as posted above. The rumor was that he was being sued by some of his investors. I guess it wasn't a rumor. It also shows that some of the investors didn't like the way the company is being run and were trying to do something about it. | |||
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