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February 11th, 2019 at 6:13 pm
“Investors” my foot. People pushing for that are clearly one-share leftist activists, not real shareholders. Otherwise they wouldn’t be advocating for the destruction of their company.
February 11th, 2019 at 6:53 pm
When all politicians agree to ride only in “smart” automobiles dsigned exclusively by those who hate them the most, then, maybe (or maybe not), we can talk about “smart” guns.
February 11th, 2019 at 7:00 pm
S&W is still suffering PTSD from the last time they kowtowed to political correctness.
February 11th, 2019 at 11:50 pm
I’m all for it – cops first, starting with the USSS. If it’s good enough for the protective detail for the President, it’s good enough for me.
Until then, though…..
February 12th, 2019 at 12:02 am
Jay Elmer, yeah; let them beta test it for a change.
February 13th, 2019 at 12:49 am
This is one where the board knows that they can’t listen to the shareholders: They have a fiduciary duty to avoid doing things that they have reason to believe would be harmful to the company.
Anyone who has any knowledge of history knows that smartguns are incredibly toxic to sales. They’re so toxic that they stopped Colt from selling Colt-branded CZ 75 pistols (actual CZ-made pistols): The market didn’t want to touch them with a 10′ pole simply because the public saw that Colt was playing with them as the potential basis for a smartgun.
Similarly, the current S&W executives know that the company’s prior attempts to play that game lead to a massive boycott that nearly bankrupt the company.
TLDR: It’s clear that these shareholders are acting in bad faith, and that the board is 100% correct to ignore them.