NY Times On the Colt Bankrupcy

By Steve Johnson

The NY Times reports that Colt is close to finalizing a bankruptcy plan which will give bond holders a severe “haircut” ie. Colt will owe them a lot less than they currently do. I have to admit that the specifics of this plan are to complex for me to understand. Maybe a financial guru can explain how this all works […read more

Via:: The Firearm Blog