Rusty Syringes 478 Posted January 15, 2021 https://www.cnn.com/2021/01/15/business/nra-bankruptcy-new-york-texas/index.html Share this post Link to post Share on other sites
GobbleDog 816 Posted January 15, 2021 Quote The NRA said Friday it is in its "strongest financial condition in years," but the restructuring will help to "streamline costs and expenses. Share this post Link to post Share on other sites
Mungwater 588 Posted January 15, 2021 It’s a chapter 11, great headline though Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 15, 2021 3 minutes ago, GobbleDog said: I wish I had a dollar for every dying company's statement regarding the latest round of layoffs, saying something along the lines of streamlining to prepare for a bright future and whatnot. Share this post Link to post Share on other sites
KSB2424 3,083 Posted January 15, 2021 6 minutes ago, Mungwater said: It’s a chapter 11, great headline though Quote The National Rifle Association said late Friday that it has filed for chapter 11 in a Texas bankruptcy court, saying the "restructuring plan" will help streamline its legal and financial affairs and ensure its "continued success." The organization also said it was leaving New York and going forward with plans to reincorporate in Texas. "The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas," the NRA said in a letter in its website signed by Wayne LaPierre, its chief executive. The organization said it was not insolvent and is "as financially strong as we have been in years." The NRA and New York have been in an ongoing, high-profile legal battle for months. https://www.marketwatch.com/story/nra-files-for-chapter-11-plans-move-to-texas-2021-01-15 Share this post Link to post Share on other sites
KSB2424 3,083 Posted January 15, 2021 Rusty has no clue the difference between Chapter 7 and Chapter 11. He just reads the NYT and watches CNN. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 15, 2021 3 minutes ago, KSB2424 said: Rusty has no clue the difference between Chapter 7 and Chapter 11. He just reads the NYT and watches CNN. https://www.foxbusiness.com/lifestyle/nra-bankruptcy-ditching-new-york-texas Fox had the exact headline, except for adding the part about the Texas move. Pretty much every media entity across the board has the same headline. Google it. Show me one that says: NRA moves to streamline, ensure continued success Rusty wins again! Ha! 3 Share this post Link to post Share on other sites
Gladiators 1,904 Posted January 15, 2021 Pretty sure it’s well established that MSM is in the business of creating clickbait headlines. They got Rusty again. Yep, he’s the big winner. 1 Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 NRA doing great, about to get more awesome Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 4 minutes ago, Gladiators said: Pretty sure it’s well established that MSM is in the business of creating clickbait headlines. They got Rusty again. Yep, he’s the big winner. What's MSM? Share this post Link to post Share on other sites
Hardcore troubadour 12,631 Posted January 16, 2021 18 minutes ago, KSB2424 said: Rusty has no clue the difference between Chapter 7 and Chapter 11. He just reads the NYT and watches CNN. He falls for it all the time. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 2 minutes ago, Hardcore troubadour said: He falls for it all the time. Are you saying the NRA didn't file for bankruptcy? Share this post Link to post Share on other sites
Gladiators 1,904 Posted January 16, 2021 3 minutes ago, Rusty Syringes said: Are you saying the NRA didn't file for bankruptcy? I think you have a future at CNN. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 Just now, Gladiators said: I think you have a future at CNN. Are you saying the NRA didn't file for bankruptcy? Share this post Link to post Share on other sites
Gladiators 1,904 Posted January 16, 2021 1 minute ago, Rusty Syringes said: Are you saying the NRA didn't file for bankruptcy? No, I’m saying you got us really good with a clickbait headline... Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 Oh, here it is! Straight from the NRA! https://www.nraforward.org/press-release Quote The NRA plan, which involves utilizing the protection of the bankruptcy court ... Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 1 minute ago, Gladiators said: No, I’m saying you got us really good with a clickbait headline... I posted a link to a Fox headline that said the exact same thing. Share this post Link to post Share on other sites
Gladiators 1,904 Posted January 16, 2021 3 minutes ago, Rusty Syringes said: I posted a link to a Fox headline that said the exact same thing. Yep, they’re probably getting a lot of clicks from it too. Likely wouldn’t get nearly as many if they posted the same headline as the NRA link states...”NRA leaves New York to reincorporate in Texas.” I’m thinking this is a strategic move for the impending civil war. (That’s a joke for you humorless focks) Share this post Link to post Share on other sites
EternalShinyAndChrome 2,514 Posted January 16, 2021 23 minutes ago, Gladiators said: Pretty sure it’s well established that MSM is in the business of creating clickbait headlines. They got Rusty again. Yep, he’s the big winner. He's like a moth to a flame. He can't help himself. The MSM fools rusty 100% of the time.....EVERY time. Share this post Link to post Share on other sites
Hardcore troubadour 12,631 Posted January 16, 2021 13 minutes ago, Rusty Syringes said: Are you saying the NRA didn't file for bankruptcy? A year from now the NRA will still be up and running, and doing fine. The fact you don’t see that says it all. Like they say, a little bit of knowledge can be a dangerous thing. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 6 minutes ago, Hardcore troubadour said: A year from now the NRA will still be up and running, and doing fine. The fact you don’t see that says it all. Like they say, a little bit of knowledge can be a dangerous thing. I'm glad they're moving to Texor. Great for our economy! Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted January 16, 2021 Companies do not have to go Chapter 11 to reincorporate in a different state. Much easier (and less expensive) to do it without Chapter 11. Share this post Link to post Share on other sites
Scary Gary 19 Posted January 16, 2021 55 minutes ago, Rusty Syringes said: NRA doing great, about to get more awesome NRA made up of people that support gun ownership by the good guys. Really doesn't matter. What's your net worth these days, Rustor? Share this post Link to post Share on other sites
RaiderHaters Revenge 3,579 Posted January 16, 2021 FYI you are a sh1tty business person if you dont use bankruptcy laws to your advantage Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted January 16, 2021 2 minutes ago, RaiderHaters Revenge said: FYI you are a sh1tty business person if you dont use bankruptcy laws to your advantage A good business person makes too much money for bankruptcy to be needed. The challenge is with an economy that is tanking. In this case, the NY lawsuit weighed heavily. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 8 minutes ago, Scary Gary said: What's your net worth girth these days, Rustor? Party size, handsome. Share this post Link to post Share on other sites
RaiderHaters Revenge 3,579 Posted January 16, 2021 2 minutes ago, Patriotsfatboy1 said: A good business person makes too much money for bankruptcy to be needed. The challenge is with an economy that is tanking. In this case, the NY lawsuit weighed heavily. not true, sometimes good business men buy struggling businesses in hopes to turn them around, and decide sometimes its better to start from scratch my first business made decent money, but it was hard to ever get ahead due to the debt used on startup. Initial calculations were off. It happens sometimes you have a good idea, but its not as good as you anticipated, and money sunk might never allow it to take off of course I am also someone who will argue til I am blue in the face that there is no such thing as a tax loophole either Share this post Link to post Share on other sites
wiffleball 4,639 Posted January 16, 2021 The problem with the NRA is the same thing as the problem with evangelicos. Their extreme leadership doesn't equate to there base populace. Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted January 16, 2021 1 minute ago, RaiderHaters Revenge said: not true, sometimes good business men buy struggling businesses in hopes to turn them around, and decide sometimes its better to start from scratch my first business made decent money, but it was hard to ever get ahead due to the debt used on startup. Initial calculations were off. It happens sometimes you have a good idea, but its not as good as you anticipated, and money sunk might never allow it to take off of course I am also someone who will argue til I am blue in the face that there is no such thing as a tax loophole either I would say that due diligence helps in M&A a lot. If you have a speculative business model, then Chapter 11 (&7) is a way to protect assets. See it a ton in real estate with LLC’s. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 10 minutes ago, RaiderHaters Revenge said: FYI you are a sh1tty business person if you dont use bankruptcy laws to your advantage You're a sh!tty non-profit if you have to lay off hundreds of employees and file for bankruptcy at a time when your supporters are clearing the shelves of guns and ammo and need you more than ever. https://www.theguardian.com/us-news/2020/jun/29/nra-financial-crisis-layoffs-furloughs Share this post Link to post Share on other sites
RaiderHaters Revenge 3,579 Posted January 16, 2021 18 minutes ago, Rusty Syringes said: You're a sh!tty non-profit if you have to lay off hundreds of employees and file for bankruptcy at a time when your supporters are clearing the shelves of guns and ammo and need you more than ever. https://www.theguardian.com/us-news/2020/jun/29/nra-financial-crisis-layoffs-furloughs you think the NRA gets a cut of every gun and ammo sold or something? Share this post Link to post Share on other sites
KSB2424 3,083 Posted January 16, 2021 59 minutes ago, Patriotsfatboy1 said: Companies do not have to go Chapter 11 to reincorporate in a different state. Much easier (and less expensive) to do it without Chapter 11. Maybe. Maybe not. Pretty sure the “business” looks at all angles and makes that decision based on the lay of the land fiscally speaking. What I do know is that gun and ammo purchases are up so common sense, logic and intelligence lends me to think this is a business move, not a desperation move. Call me crazy. Share this post Link to post Share on other sites
Cdub100 3,380 Posted January 16, 2021 1 hour ago, Rusty Syringes said: What's MSM? The ones who all have the exact headline you where just bragging about. Share this post Link to post Share on other sites
Hawkeye21 1,853 Posted January 16, 2021 I haven't been a fan of the NRA for a long time. I'm a supporter of the 2nd Amendment but I don't think the NRA has been looking out for our best interests. Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted January 16, 2021 22 minutes ago, KSB2424 said: Maybe. Maybe not. Pretty sure the “business” looks at all angles and makes that decision based on the lay of the land fiscally speaking. What I do know is that gun and ammo purchases are up so common sense, logic and intelligence lends me to think this is a business move, not a desperation move. Call me crazy. Crazy. It has to do with the NY AG going after them for not acting like a non-profit. Share this post Link to post Share on other sites
MTSkiBum 1,594 Posted January 16, 2021 If I remember correctly the executives were raiding the funds and giving themselves large bogus bonuses. Share this post Link to post Share on other sites
Rusty Syringes 478 Posted January 16, 2021 I want the machines that are making them. Share this post Link to post Share on other sites
Scary Gary 19 Posted January 16, 2021 11 hours ago, Rusty Syringes said: Party size, handsome. That's what I figured. Raised as a lowlife, always a lowlife. Share this post Link to post Share on other sites
Utilit99 4,099 Posted January 16, 2021 rusty, that little slugger tries so hard. Share this post Link to post Share on other sites
listen2me 23 1,541 Posted January 16, 2021 Its funny the amount of posters here who claim Republican or super middle. Yet 100% of their posts are attacking right wing stuff and copy pasting CNN articles. It is almost as if they are afraid to admit that they really are liberals because it is embarrassing. Share this post Link to post Share on other sites
