TexasCHLforum.com

joe817 wrote:... BUT, if they do, please, please Mr. Ryce, DO NOT relocate the plant to your headquarters in Palm Springs, CA!

I'd love to see it in Texas also, but I have no idea if the Morongos have any presence here.

What might be interesting about if Morongos take ownership and move the manufacturing (which I doubt, but) to Indian land, I am wondering if they could tell California and the Feds to go pound sand about any of their laws regulating manufacture? They would have to follow some laws since the guns would be 'exported' off Indian land to the rest of the US, but since they (Indians) can have casinos in states that ban or regulate them, I would think they could build civilian "assault" rifles and hi cap magazines and such, and maybe with manufacturing methods that Cali probably tries to restrict (since they try to restrict everything else to the point of civilizational suicide).

Morongo Tribe Rides to Colt’s Rescue

From my reading of that article, the title is a bit overambitious: The Morongos have said they're willing to buy, but doesn't sound like they have been taken up on the offer yet...

RoyGBiv wrote:The following is my opinion.

...
I certainly do not have the inside scoop on this.. but as an outside observer, this looks (my personal opinion, nothing more) like a case where former Colt management has lived large on the backs of it's suppliers and possibly its employees (are pensions currently underfunded?), and now they're flushing away the debt and starting over. .

As I mentioned earlier, the guy who blogs at Weaponsman.com has published a detailed look into this, and I think he says pretty much what you are saying. Money was pulled out of the company to pay management and consultants, and not put back into new products and manufacturing. Even the building is owned separately by Sciens people and leased back to the Colt company...and the Colt name and patents have already been mortgaged to provide money, so there's really not much left of value.

Some more here: http://weaponsman.com/?p=23383" onclick="window.open(this.href);return false;

Weaponsman.com has a series of posts that go into detail on Colt's problems, you may be interested in them: http://weaponsman.com/?s=colt" onclick="window.open(this.href);return false;