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National 2nd Amend. Political & Legal Discussion Discuss national gun rights and 2A related political topics here. All advice given is NOT legal counsel.

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  #1  
Old 09-25-2018, 6:43 PM
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TrappedinCalifornia TrappedinCalifornia is offline
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Default We Knew It Was Coming - Shareholders At Smith and Wesson Vote

Back in May, I created a thread 'warning' about Gun Control Activists Using Shareholder Voting, where they were buying enough stock to 'force' companies to sway the policy/manufacturing/retail decisions of those companies.

Today, Bloomberg put out an article entitled...

Shareholders Ask Smith & Wesson to Prepare Report on Gun Violence

Quote:
At an annual meeting on Tuesday, shareholders of American Outdoor Brands Corp., formerly Smith & Wesson, voted in favor of a proposal that would have the company prepare a report on gun safety.

The proposal, presented by Sisters of the Holy Names of Jesus and Mary, specifically requests that the historic gunmaker issue a report by February 2019 on “the company’s activities related to gun safety measures and mitigation of harm associated with gun products.” The shareholders are seeking evidence that the company monitors violent acts committed using its products, is researching how to create safer guns, and is assessing the reputational and financial risks of gun violence in America...
You will note that this group is in a list linked to in the May thread. In fact, I laid out the scheme in that thread and, based on today's article, it looks like they followed that plan.

Of course, I was clearly trolling and was informed in that thread that companies come and go, that maximizing profits, not Social Justice was the key to any business, and that, despite forcing or helping Dick's Sporting Goods to go as they did, it was no big deal. Okay. But, as I warned and as today's article suggests...

Quote:
...Following the vote, Chief Executive Officer P. James Debney called the action “politically motivated.” The company declined to take questions on the issue during the meeting.

Tensions have recently been rising over the proposal. American Outdoor said it was “extremely disappointed” after two proxy advisory firms recommended shareholders vote in favor of the gun safety report. Debney also addressed the proposal during the company’s last earnings call, disparaging it as “an anti-firearms agenda designed to harm the company.”

“We are all looking for solutions to gun violence,” Judy Byron, who presented the resolution on behalf of the Sisters, said in a statement. “Not only can these solutions help save many lives, they may help AOBC’s long-term business prospects in the process.”

In addition to facing off with shareholders, American Outdoor also found itself on the receiving end of grievances from the law enforcement community. Leaders of the Major Cities Chiefs Association, an organization that represents dozens of large North American police departments, sent the company a letter last week asking it to address issues ranging from gun theft to making firearms easier for police officers to trace.

“The key to reducing gun deaths is a concerted effort to keep firearms in the hands of law-abiding Americans of sound mind and the integration of smart technology,” Art Acevedo, the police chief of Houston, tweeted after the letter was released. In a Securities and Exchange Commission filing earlier this month, Smith & Wesson said it doesn’t invest in research and development for smart gun technology because it doesn’t believe such a product would interest consumers...
But, hey. We don't shop at Dick's anymore and who buys Ruger or Smith & Wesson anyway - right? They'll just go bankrupt and start a new company.

Make of it what you will.
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Old 09-25-2018, 10:25 PM
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Originally Posted by TrappedinCalifornia View Post

But, hey. We don't shop at Dick's anymore and who buys Ruger or Smith & Wesson anyway - right? They'll just go bankrupt and start a new company.
I like my Ruger 44Mag Redhawk, that a purchased a few years back. I carry a S&W SD9 VE. With the Apex trigger kit ($20), it's not bad. Not up to my PPQs and Sigs, but with the Apex kit is hard to beat, especially if price is a concern.

Anyway S&W will be around for a while, given that the CHP is or has switched to the M&P 2.0.

This reminds me of actions taken by the CA PERS board. Still looking for a law firm to go after the board members for breach of their fiduciary duties when the let their political opinions and biases influence their decision to sell firearms stocks, when these companies were making record profits, all of which caused the system to loose income and profits.
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  #3  
Old 09-26-2018, 10:12 AM
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What kind of a shareholder in a gun company would want that company to go anti gun? That's their only business..

Dick's is sports and not just guns..Campers, tree huggers, soccer, baseball, tennis etc...
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Old 09-27-2018, 11:08 PM
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Originally Posted by Dan_Eastvale View Post
What kind of a shareholder in a gun company would want that company to go anti gun? That's their only business..

Dick's is sports and not just guns..Campers, tree huggers, soccer, baseball, tennis etc...
The ones that don't care about profit and invest to just do this, think of the funding the anti-gun has, for example billionaires Soros and Bloomberg donate billions each year to anti-gun groups.
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Old 09-29-2018, 7:41 PM
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Originally Posted by Dan_Eastvale View Post
What kind of a shareholder in a gun company would want that company to go anti gun? That's their only business..
A shareholder that would do this is the kind that has enough money to consider the money invested to be political capitol with a zero percent return. The money would be spent in order to reshape the political landscape of the country.

This is a shareholder that *wants* the company to fail.
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"It wasn't a failure of laws," said Amanda Wilcox, who along with her husband, Nick, lobbies for the California chapter of the Brady Campaign to Prevent Gun Violence. "I just don't see how our gun laws could have stopped something like that."
-Speaking about the Oikos mass shooting in Oakland.

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With an assault weapon you just hold the trigger back and it goes blup,blup,blup
-Michael Bloomberg confused about the difference between a machine gun and a rifle, ABC News Nightline 12/21/12
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Old 09-30-2018, 7:23 AM
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Originally Posted by BAJ475 View Post
...

Anyway S&W will be around for a while, given that the CHP is or has switched to the M&P 2.0.

...
but, but, but the M&P 2.0 isn't a "safe gun" and not on the roster. How can this state allow CHP officers to carry an "unsafe gun"
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Old 09-30-2018, 7:41 AM
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They should reply back. Gun Safety Report = The Shooter’s Finger.

End of report.
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Old 09-30-2018, 7:48 AM
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Default the urge to control you can never be satiated

Constitutional safeguards be damned.
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Old 10-09-2018, 5:55 PM
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Originally Posted by TrappedinCalifornia View Post
and who buys Ruger or Smith & Wesson anyway - right? They'll just go bankrupt and start a new company.
It'll just be such a darn shame that all of those grandfathered handgun models will be dropped off the roster. Oh well. There are other handguns you can buy that are still on the CA short-bus list
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Old 10-09-2018, 6:15 PM
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So...the roster from the political side...

And now...people “investing” in companies to kill them from the inside...

Time...will make firearms an item that will be rare and harder to get...
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Old 10-12-2018, 2:34 PM
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Quote:
Originally Posted by rsrocket1 View Post
but, but, but the M&P 2.0 isn't a "safe gun" and not on the roster. How can this state allow CHP officers to carry an "unsafe gun"
They have SUPER HIGH INTENSITY TRAINING, or $#*@ for short. They get all kinds of this special training that us less than equal types get.
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Old 10-12-2018, 2:43 PM
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Why do people accept hysterical outbursts and emotion-based thinking as anything less than childish tantrums? ***** needs a spanking.
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