Calguns.net  

Home My iTrader Join the NRA Donate to CGSSA Sponsors CGN Google Search
CA Semiauto Ban(AW)ID Flowchart CA Handgun Ban ID Flowchart CA Shotgun Ban ID Flowchart
Go Back   Calguns.net > FIREARMS DISCUSSIONS > Curio & Relic/Black Powder
Register FAQ Members List Calendar Mark Forums Read

Curio & Relic/Black Powder Curio & Relics and Black Powder Firearms, Old School shooting fun!

Reply
 
Thread Tools Display Modes
  #1  
Old 12-14-2015, 10:35 AM
Caligunner1 Caligunner1 is offline
Member
 
Join Date: Mar 2013
Posts: 356
iTrader: 10 / 100%
Default Samco going under?

Friend sent this:

http://www.bizjournals.com/southflor...quidation.html

I always thought a little high on alot of items but have bought surplus ammo before and they seemed to have some nice C&R stuff.

Looks like their sight is still up though

Mods please move if in wrong section. Thanks

Last edited by Caligunner1; 12-14-2015 at 10:36 AM.. Reason: added info
Reply With Quote
  #2  
Old 12-14-2015, 10:38 AM
DennisCA's Avatar
DennisCA DennisCA is offline
Veteran Member
 
Join Date: Jul 2011
Location: Bay Area: A.K.A. The People's Republic of CA
Posts: 3,404
iTrader: 31 / 100%
Default

Prob not a good time to order anything from them
__________________
"The only thing necessary for the triumph [of evil] is for good men to do nothing." Edmund Burke speech of 23 April 1770, "Thoughts on the Cause of the Present Discontents," delivered to the House of Commons.
Reply With Quote
  #3  
Old 12-14-2015, 10:44 AM
AJAX22 AJAX22 is offline
I need a LIFE!!
 
Join Date: May 2006
Posts: 14,722
iTrader: 111 / 100%
Default

I suspect the bankruptcy will be challenged.

Probably at minimum reorganized to a chapter 11.

More likely dismissed and turned into a civil action.

Sales made during the regular course of business should be ok however it goes. I don't see a trustee clawing back anything that is sold normally through their business.

Bankruptcy doesn't mean what people think it means a lot of the time.

In this case it looks like an end run around a civil action and I suspect it will get tossed.
Reply With Quote
  #4  
Old 12-14-2015, 10:49 AM
Caligunner1 Caligunner1 is offline
Member
 
Join Date: Mar 2013
Posts: 356
iTrader: 10 / 100%
Default

Yea i was thinking since the other partner did not agree I can see this dragging for a long time.
Reply With Quote
  #5  
Old 12-22-2015, 6:13 PM
rt66paul's Avatar
rt66paul rt66paul is offline
Member
 
Join Date: Jul 2010
Location: SoCal
Posts: 240
iTrader: 0 / 0%
Default

Use a credit card and you will be protected.
__________________
I love California, but I am afraid of its government.

Those who choose safety over freedom are neither safe or free!
"The more corrupt the state, the more numerous the laws." (Tacitus, Roman historian 55-117 A.D.)
“It is not the function of the government to keep the citizen from falling into error; it is the function of the citizen to keep the government from falling into error.” —- U.S. Supreme Court Justice Robert H. Jackson
Reply With Quote
  #6  
Old 12-22-2015, 6:27 PM
KOOLKERRY's Avatar
KOOLKERRY KOOLKERRY is offline
Member
 
Join Date: Oct 2010
Location: Northern Solano
Posts: 173
iTrader: 4 / 100%
Default

I bought a couple nice M59 Yugos years back from the lovely lady's over at Samco international. They will me missed


__________________
I would like to die peacefully in my sleep like my grandfather . Not yelling and screaming in agony like the passengers in his car.
Reply With Quote
  #7  
Old 12-23-2015, 6:47 AM
DesertWalker DesertWalker is offline
Member
 
Join Date: May 2011
Posts: 357
iTrader: 0 / 0%
Default

Quote:
Originally Posted by AJAX22 View Post
I suspect the bankruptcy will be challenged.

Probably at minimum reorganized to a chapter 11.

More likely dismissed and turned into a civil action.

Sales made during the regular course of business should be ok however it goes. I don't see a trustee clawing back anything that is sold normally through their business.

Bankruptcy doesn't mean what people think it means a lot of the time.

In this case it looks like an end run around a civil action and I suspect it will get tossed.
You sound like you have been there...done that....you must have be an attorney or have been through the process. I think your comments are right on the mark.
Reply With Quote
  #8  
Old 01-13-2016, 6:38 PM
emcon5's Avatar
emcon5 emcon5 is offline
Veteran Member
 
Join Date: Sep 2009
Location: Reno
Posts: 2,804
iTrader: 10 / 100%
Default

Crap.

http://www.stamplerauctions.com/auct...arms-firearms/

Looking at the photos, I see a lot of stuff that I don't remember them ever having for sale. A pallet of M1 Carbines?

Were they sitting on it waiting for prices to go up?
Reply With Quote
  #9  
Old 01-13-2016, 6:52 PM
ccandgc's Avatar
ccandgc ccandgc is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Jun 2008
Location: Somewhere behind enemy lines
Posts: 1,640
iTrader: 28 / 100%
Default

Dang.
__________________
-Chad
Reply With Quote
  #10  
Old 01-13-2016, 7:22 PM
KOOLKERRY's Avatar
KOOLKERRY KOOLKERRY is offline
Member
 
Join Date: Oct 2010
Location: Northern Solano
Posts: 173
iTrader: 4 / 100%
Default

I can only imagen how long ago they would have went bankrupt if Obama wasn't Presidant
__________________
I would like to die peacefully in my sleep like my grandfather . Not yelling and screaming in agony like the passengers in his car.
Reply With Quote
  #11  
Old 01-13-2016, 8:01 PM
pterrell's Avatar
pterrell pterrell is offline
Professional Beer Drinker
CGN Contributor
 
Join Date: Aug 2013
Location: San Diego, CA
Posts: 3,300
iTrader: 0 / 0%
Default

To think they could have been selling this stuff...

Hopefully someone other than classic gets ahold of it
__________________
Quote:
Dear ISIS, Texas is not known for their gun free zones.


Patches sold here. I am not affiliated with this page in any way.

Sig 1911 Nitron Rail, Colt USMC CQBP, Sig P227 Tacops, Sig P226 Tacops, Sig M11-A1, Beretta M9, Polish P64, S&W 1917

Last edited by pterrell; 01-13-2016 at 8:48 PM..
Reply With Quote
  #12  
Old 01-13-2016, 8:04 PM
watt79 watt79 is offline
Member
 
Join Date: Oct 2012
Location: Sacramento
Posts: 465
iTrader: 1 / 100%
Default

Should be interesting to see who buys out their stock. Can't wait to see some of it show up on the market. I have always been curious about what rifles Samco had buried in the back of their warehouse.
Reply With Quote
  #13  
Old 01-13-2016, 8:04 PM
huntingsocal's Avatar
huntingsocal huntingsocal is online now
Senior Member
 
Join Date: Dec 2012
Posts: 859
iTrader: 17 / 100%
Default

Well hopefully the buyer wants to sell quickly
Reply With Quote
  #14  
Old 01-13-2016, 8:14 PM
microwaveguy's Avatar
microwaveguy microwaveguy is offline
klaatu barada nikto!
CGN Contributor
 
Join Date: Oct 2009
Location: South SF Bay Area
Posts: 1,268
iTrader: 2 / 100%
Blog Entries: 4
Default

The auction site doesn't list this sale as separate lots so it makes me think that the sealed bid is for everything. I don' know of too many people other than Century, Classic arms or Southern Ohio gun that would bid on the whole thing.
__________________
Limit politicians to two terms. One in office and one in jail.

Beware of people who are certain they are right. That certainty allows them to justify almost any act in pursuit of their goals. ( Jack campbell , Guardian)
Reply With Quote
  #15  
Old 01-13-2016, 8:54 PM
kurac's Avatar
kurac kurac is offline
Veteran Member
 
Join Date: Dec 2005
Location: N.DPRK
Posts: 2,511
iTrader: 17 / 100%
Default

So one partner takes the other to court claiming he owns 70% of the business. The partner controlling the business files for bankruptcy and the entire business will be sold in one lot. Call me suspicious but it sounds like the owner being forced to sell will be able to buy it back for a fraction of what the other partner is claiming. Don't be surprised if Samco is back in business in one form or another before too long.
__________________
www.culinagrips.com
"custom grips for shooters by shooters"

grips for sale: http://www.calguns.net/calgunforum/s...d.php?t=819159
Reply With Quote
  #16  
Old 01-13-2016, 8:55 PM
Eddie1965's Avatar
Eddie1965 Eddie1965 is offline
Senior Member
 
Join Date: Dec 2009
Location: Culver City
Posts: 1,212
iTrader: 5 / 100%
Default

Group buy?
Reply With Quote
  #17  
Old 01-14-2016, 8:21 AM
morrcarr67's Avatar
morrcarr67 morrcarr67 is offline
Calguns Addict
 
Join Date: Jul 2010
Location: Ontario, CA
Posts: 7,648
iTrader: 9 / 100%
Default

Damn, if only that winning lotto ticket was sold in Ontario and not Chino Hills.
Reply With Quote
  #18  
Old 01-14-2016, 8:36 AM
huntingsocal's Avatar
huntingsocal huntingsocal is online now
Senior Member
 
Join Date: Dec 2012
Posts: 859
iTrader: 17 / 100%
Default

Quote:
Originally Posted by Eddie1965 View Post
Group buy?
Hah! Exactly what I was thinking but who gets the hand picks?

I got my K31 from them a year or so ago, no complaints although my FFL said he wasn't too fond of dealing with them

Would be nice if whoever ends up with it all wants to move some inventory.

With "15,000 serial numbers" sure seems like they were letting the faucet drip instead of opening the floodgates
Reply With Quote
  #19  
Old 01-14-2016, 9:11 AM
Cody805 Cody805 is offline
Member
 
Join Date: Nov 2015
Location: San Luis obispo county
Posts: 363
iTrader: 2 / 100%
Default

Wonder how mad the wife would be if I bought that as a "investment" lol
Reply With Quote
  #20  
Old 01-14-2016, 9:27 AM
1bulletBarney's Avatar
1bulletBarney 1bulletBarney is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Oct 2013
Location: West of Mayberry (209)
Posts: 902
iTrader: 7 / 100%
Default

IMG_1139_large.jpg

IMG_1143_large.jpg

IMG_1148_large.jpg

IMG_1151_large.jpg

IMG_1160_large.jpg

A sample of the cosmo soaked treasure. There has to be some pallets of 7.5 Swiss GP11 buried in there somewhere. looks like the buisness stopped dead in its tracks...
__________________
NRA Member
NRA-ILA Contributor
CGN Contributor
Reply With Quote
  #21  
Old 01-14-2016, 12:36 PM
pterrell's Avatar
pterrell pterrell is offline
Professional Beer Drinker
CGN Contributor
 
Join Date: Aug 2013
Location: San Diego, CA
Posts: 3,300
iTrader: 0 / 0%
Default

Oh man I can't wait for this to hit the market. My wife will be PISSED.
__________________
Quote:
Dear ISIS, Texas is not known for their gun free zones.


Patches sold here. I am not affiliated with this page in any way.

Sig 1911 Nitron Rail, Colt USMC CQBP, Sig P227 Tacops, Sig P226 Tacops, Sig M11-A1, Beretta M9, Polish P64, S&W 1917
Reply With Quote
  #22  
Old 01-14-2016, 5:32 PM
KOOLKERRY's Avatar
KOOLKERRY KOOLKERRY is offline
Member
 
Join Date: Oct 2010
Location: Northern Solano
Posts: 173
iTrader: 4 / 100%
Default

Man, What a cool pic of what appears to be well worn SkS Yugo 59/66's in dark color stocks. Not that it would do us any good but still a exciting moment at least...
__________________
I would like to die peacefully in my sleep like my grandfather . Not yelling and screaming in agony like the passengers in his car.
Reply With Quote
  #23  
Old 01-14-2016, 5:41 PM
Wernher von Browning's Avatar
Wernher von Browning Wernher von Browning is online now
Calguns Addict
 
Join Date: Mar 2011
Posts: 9,729
iTrader: 20 / 100%
Default

Samco web site is now down.
__________________
Intendo ad sidera, aliquando ferio Londinium.
Reply With Quote
  #24  
Old 01-14-2016, 8:43 PM
BucDan BucDan is offline
Senior Member
 
Join Date: Dec 2011
Location: San Diego, CA
Posts: 2,094
iTrader: 4 / 100%
Default

I hope they do a clearance sale! I'd jump in immediately.
Reply With Quote
  #25  
Old 01-14-2016, 9:05 PM
diverwcw's Avatar
diverwcw diverwcw is online now
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Dec 2012
Location: San Diego
Posts: 1,970
iTrader: 22 / 100%
Default

I was planning on buying a couple of mausers from them but I guess that's a no go now.
__________________

Front Sight Commander Member www.frontsight.com
NRA Benefactor Life Member www.nra.org
CRPA Life Member www.crpa.org
Reply With Quote
  #26  
Old 01-14-2016, 10:26 PM
adamjay's Avatar
adamjay adamjay is offline
Senior Member
 
Join Date: Dec 2010
Posts: 939
iTrader: 37 / 100%
Default

$1.5 million / 15k serial numbers = $100 each. That's not counting the ammo and everything else.

I'll take it!
(Lemme check that powerball ticket again...)
__________________
'The greatest fine art of the future will be the making of a comfortable living from a small piece of land.'

-Abraham Lincoln
Reply With Quote
  #27  
Old 01-14-2016, 11:29 PM
stephewc's Avatar
stephewc stephewc is offline
Senior Member
 
Join Date: Nov 2007
Location: SGV
Posts: 780
iTrader: 37 / 100%
Default

NM took a look at the auction site and saw a ton of mausers, K31s and some M1 carbines.

I hope those M1 carbines hit the market soon....

Last edited by stephewc; 01-14-2016 at 11:39 PM..
Reply With Quote
  #28  
Old 01-14-2016, 11:58 PM
2meterB's Avatar
2meterB 2meterB is online now
Senior Member
 
Join Date: Aug 2013
Location: Sac Area
Posts: 1,301
iTrader: 3 / 100%
Default

Quote:
Originally Posted by pterrell View Post
To think they could have been selling this stuff...

Hopefully someone other than classic gets ahold of it
Gonna need a bigger bound book, and a pallet to mail doj forms in with.
__________________
Quote:
President Obama’s spokesman said Thursday that the record number of Americans seeking to buy guns in recent weeks is “a tragedy” that the White House is at a loss to explain.
Reply With Quote
  #29  
Old 01-15-2016, 12:00 AM
pterrell's Avatar
pterrell pterrell is offline
Professional Beer Drinker
CGN Contributor
 
Join Date: Aug 2013
Location: San Diego, CA
Posts: 3,300
iTrader: 0 / 0%
Default

Quote:
Originally Posted by 2meterB View Post
Gonna need a bigger bound book, and a pallet to mail doj forms in with.
My mail man and wife may collude in my murder. The poor guy is like 70 something. She complains double when I order ammo lol. Once because the old man had to carry a 60lb box and again because I spent $200 haha
__________________
Quote:
Dear ISIS, Texas is not known for their gun free zones.


Patches sold here. I am not affiliated with this page in any way.

Sig 1911 Nitron Rail, Colt USMC CQBP, Sig P227 Tacops, Sig P226 Tacops, Sig M11-A1, Beretta M9, Polish P64, S&W 1917
Reply With Quote
  #30  
Old 01-15-2016, 2:33 PM
Mr.Sandman's Avatar
Mr.Sandman Mr.Sandman is offline
Senior Member
 
Join Date: May 2011
Posts: 533
iTrader: 28 / 100%
Default

Hopefully a more reasonable company buys it all. Samco had some of the most asinine policies.

Edit: Anyone else look at the 475 page inventory list? I will take all 13 Hakims please.

Last edited by Mr.Sandman; 01-15-2016 at 2:49 PM..
Reply With Quote
  #31  
Old 01-15-2016, 4:57 PM
Nevada Hudson's Avatar
Nevada Hudson Nevada Hudson is offline
Member
 
Join Date: Apr 2010
Location: Timbuktu
Posts: 290
iTrader: 0 / 0%
Default

Yeah, what is "special select" with cracked stock?
Reply With Quote
  #32  
Old 01-15-2016, 7:24 PM
microwaveguy's Avatar
microwaveguy microwaveguy is offline
klaatu barada nikto!
CGN Contributor
 
Join Date: Oct 2009
Location: South SF Bay Area
Posts: 1,268
iTrader: 2 / 100%
Blog Entries: 4
Default

I am thinking about 2mil will buy all of this and the floor sweepings.

I don't think my AMEX card is good for that amount.

Need to have everyone stand on a corner this weekend with a sign that states
"Need money for group buy "
__________________
Limit politicians to two terms. One in office and one in jail.

Beware of people who are certain they are right. That certainty allows them to justify almost any act in pursuit of their goals. ( Jack campbell , Guardian)
Reply With Quote
  #33  
Old 01-15-2016, 9:00 PM
emcon5's Avatar
emcon5 emcon5 is offline
Veteran Member
 
Join Date: Sep 2009
Location: Reno
Posts: 2,804
iTrader: 10 / 100%
Default

Quote:
Originally Posted by Mr.Sandman View Post
Hopefully a more reasonable company buys it all. Samco had some of the most asinine policies.

Edit: Anyone else look at the 475 page inventory list? I will take all 13 Hakims please.
Holy crap, they have like 8000 of those crappy 1916 .30 cal Spanish Mausers.

1903 Springfield, serial number 46.

WTF is a Loewe 95/12/61? Chilean Mauser 95 maybe?
Looks like there are some Finn Mosins, including some Remingtons and NEWs. Kind of funny the "1891" page has both Mausers and Mosins listed.

Holy crap again, there are a 22 Swede M94s, and there are still 142 M41B.

There are also a couple hundred "Loewe Berlin 1894" I assume those are Brazilian, but they could also be swedes.

About 1200 Yugo SKS, a couple hundred CZ52s,

Holy crap part 3, they have been sitting on ~250 USGI M1 Carbines since 1986.

On Edit: Damn, they have four Remington 1934s.

Last edited by emcon5; 01-15-2016 at 9:17 PM..
Reply With Quote
  #34  
Old 01-15-2016, 10:48 PM
rdfact's Avatar
rdfact rdfact is offline
Senior Member
 
Join Date: Nov 2012
Location: Earth
Posts: 1,033
iTrader: 31 / 100%
Default

^^^ I looked through that list too. The Swedes and the M1 Carbines peaked my interest.
Reply With Quote
  #35  
Old 01-15-2016, 10:51 PM
81turbota's Avatar
81turbota 81turbota is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Oct 2014
Location: The desert, Калифорния
Posts: 1,498
iTrader: 17 / 100%
Default

Lots of awesome stuff!

Did anyone notice the pages of 98/29 Mausers? Those are the Persians!!
__________________
James

A few of those....A couple of that....but just enough to have fun :D
Reply With Quote
  #36  
Old 01-16-2016, 2:21 PM
knucklehead0202 knucklehead0202 is offline
Veteran Member
 
Join Date: Aug 2008
Location: Whittier, East LA/North OC county
Posts: 3,864
iTrader: 19 / 100%
Default

I've got pretty good credit. Wonder if they'd give me a small business loan for +/- $2 million. Of course I'd sell some to you guys. Probably have a big scrooge mcduckian vault full of the rest to swim around in...
Reply With Quote
  #37  
Old 01-16-2016, 4:17 PM
Varg Vikernes's Avatar
Varg Vikernes Varg Vikernes is online now
Senior Member
 
Join Date: Jan 2012
Location: Bay Area SF
Posts: 1,803
iTrader: 18 / 100%
Default

8 Colt Pythons
Reply With Quote
  #38  
Old 01-17-2016, 4:26 PM
empirearms's Avatar
empirearms empirearms is offline
CGN/CGSSA Contributor
CGN Contributor
 
Join Date: Nov 2010
Posts: 95
iTrader: 0 / 0%
Talking mostly floor-sweepings that SAMCO couldn't sell . . .

I have seen this stuff. . . lots and LOTS of broken stocks and pieces-parts, and we would have ZERO interest in the Turkish shotguns, crappy badly-stored ammo (think Miami heat & humidity with zero air conditioning), and a kajillion rustbucket gun parts and whatnot. Perfect for SARCO or somebody, but not us.
. .
The bids are only considered for the entire lot.

My notes in red below. . .

Quote:
Originally Posted by emcon5 View Post
Holy crap, they have like 8000 of those crappy 1916 .30 cal Spanish Mausers.


Actually more than that. . . no interest!


1903 Springfield, serial number 46.

WTF is a Loewe 95/12/61? Chilean Mauser 95 maybe?

Chilean Model 1895 with the 1961 rechambering to 7.62 Nato

Looks like there are some Finn Mosins, including some Remingtons and NEWs.

Correct . . . of course those are Finn-captured Russians.

Kind of funny the "1891" page has both Mausers and Mosins listed.

Holy crap again, there are a 22 Swede M94s

Those were demilled with the barrels filled with molten lead.

and there are still 142 M41B.

Yes, but without the scopes, and most are missing the lower mounts as well.

There are also a couple hundred "Loewe Berlin 1894" I assume those are Brazilian, but they could also be swedes.

Brazilians (in 7mm) mot Swedes.

About 1200 Yugo SKS


In bottom of the barrel condition.


, a couple hundred CZ52s,

Those are vz52's (the most raggedy ones I have ever seen or could imagine) chambered in 7.62x45.

Holy crap part 3, they have been sitting on ~250 USGI M1 Carbines since 1986.


Yes, there were imported from Israel (along with M1D Garand snipers) back in 1986. Most of those are really rough, and if you pay attention a large number of the carbines are Iver Johnson, Plainfield and Universal manufacture, not USGI.


On Edit: Damn, they have four Remington 1934s.


Those are Model of 1917 "Enfield" rifles that were sporterized.

__________________
Dennis Kroh, owner
Reply With Quote
  #39  
Old 01-17-2016, 5:23 PM
emcon5's Avatar
emcon5 emcon5 is offline
Veteran Member
 
Join Date: Sep 2009
Location: Reno
Posts: 2,804
iTrader: 10 / 100%
Default

Thanks for the Update Dennis.
Reply With Quote
  #40  
Old 01-17-2016, 5:52 PM
huntingsocal's Avatar
huntingsocal huntingsocal is online now
Senior Member
 
Join Date: Dec 2012
Posts: 859
iTrader: 17 / 100%
Default

Yes, thanks Dennis, I think we can all sleep a little better now
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -8. The time now is 10:29 PM.




Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Proudly hosted by GeoVario the Premier 2A host.
Calguns.net, the 'Calguns' name and all associated variants and logos are ® Trademark and © Copyright 2002-2016, Calguns.net an Incorporated Company All Rights Reserved.