[aquadude2]

Heard a rumor Gunbroker was in talks with Ammo Inc to sell Gunbroker. Anyone hear the same or have more details?

 

[Colt1860]

I am going to steer away from the politics of whether it will actually happen or not, but one of the items in Bidens campaign platform on guns was to eliminate online gun sales. So I am sure there is some consternation at GunBroker

 

[Inglewood Tom]

I heard the same on a YouTube channel.

 

[bigwagon]

It's true. Whether or not the deal gets done, I guess we'll wait and see.

AMMO Inc. (POWW) Executes Letter of Intent to Acquire GunBroker.com

AMMO, Inc. (Nasdaq: POWW ), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce it has entered into a non-binding letter of intent (LOI) dated February 9, 2021 with IA Tech LLC...

www.streetinsider.com

 

[RDS]

I read on another forum it's a done deal.

 

[manbearpig]

Dam it !!!! I don't like it. I don't like it one bit. Just hate to see big companies buying up others.

 

[aquadude2]

Found a little more on it, not much....

Ammo Inc. Sets Its Sights on GunBroker.com | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[dtrip]

Heard a rumor Gunbroker was in talks with Ammo Inc to sell Gunbroker. Anyone hear the same or have more details?

I don't think that's the reason; I think that's theorists. That's big business and you never know.

 

[JudgeColt]

I think the GunBroiker owners are cashing out to avoid the risk of adverse legislation that would stop the online sales of firearms. Selling the site for many tens of millions of dollars will make for a nice retirement. I watched the GunBroker presence at the SHOT Show grow year after year, indicating rapid growth - and value increase.

The site makes a LOT of money, making the site worth a LOT of money. The current surge in demand has boosted selling prices, which, in turn, generate higher final value fees, making the company worth even more. Ammo is willing to bet that the database is worth the price paid, and that legislation will not destroy the value. Ammo will sell the majority of its ammunition on the site, thus increasing profit for Ammo.

 

[Ciri]

I am going to steer away from the politics of whether it will actually happen or not, but one of the items in Bidens campaign platform on guns was to eliminate online gun sales. So I am sure there is some consternation at GunBroker

Buy it with Tax payers money through a lobbyist and then destroy it. Well times will tell.