Author Topic: Samco Global Files Chapter 7 Bankruptcy  (Read 2344 times)

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Offline bbush44

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #20 on: January 14, 2016, 04:29:04 PM »
Wow! 15,000 Serial Numbers!?  :o  The photo tab is fun to look through.

Looks like there's a lot of M67. 24 crates to a pallet. A group pallet buy would be fun. 



Are they selling the whole kit and kaboodle as one lot? They're asking for a guaranteed $1.5M check.

I wonder what a group pallet buy of M67 would cost to ship? Hey LC do you go by FL? Can you pick one up for us?

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #21 on: January 14, 2016, 04:34:32 PM »
Don't work like that.  Lol
      
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #22 on: January 14, 2016, 04:40:28 PM »

They cite Intellectual Property in the brief description, so I would guess that would be SG's list of contacts around the Globe.  That brings on visions of John Cusack in War Inc.  tommy1 rofl

The intellectual property is a whole mess of worms, even reaching as far as copywrites, trademarks and misc licensing. It could also involve creditors. and other ventures they had or were delving in to, even their web site is lumped in the mess.



Quote
I wonder what a group pallet buy of M67 would cost to ship? Hey LC do you go by FL? Can you pick one up for us?

Danny or PS is already in Fla,  oh boys, how about a little road trip, a little sun, surf, bikinis, thongs, bullets  rockon rockon thumb1 rofl
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #23 on: January 14, 2016, 07:16:15 PM »
Quote
oh boys, how about a little road trip, a little sun, surf, bikinis, thongs, bullets

Quote
old stale Swedish meatballs smothered in Yugoslavian butt crack grease, with just a hint of swamp azz


So which one is it?    rofl
      
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #24 on: January 14, 2016, 07:53:01 PM »
Looks like they have a crap-ton of that iffy Iranian/Persian 8mm Mauser ammo leftover too:



Amazes me that this place lasted as long as it did, must have been be an FFL accounting/inventory nightmare.  :-X
      

Offline Blicero

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #25 on: January 21, 2016, 04:13:52 AM »
I just spent 5 hours at a range dumping as much of that Iranian crap as possible through a Mauser. It's fantastic ammo! Accurate enough to hit a jar of tannerite. When it goes off.

Samco had a couple rifles for sale that were straight up steals. They were offering, for $189, Chilean 1912 Mausers, a straight up steal. I wish I had a chance to add to the 2 I bought a few months ago. And I might!
I haven't been following the proceedings here but if the auction is in Miami then I have a place to stay down there and about $1300 to chip in for gas and perhaps an m1 carbine or two. Just pick me up.

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #26 on: January 23, 2016, 10:46:50 PM »
I was doing a bit of research on the net and ran into something interesting:

Quote from: Wikipedia
Charles Daly is a brand of Firearms licensed to Samco Global Arms, Inc. located in Miami, FL. It previously was a firearms manufacturer and importer, located in Harrisburg, Pennsylvania, in the United States.

Ok, WTF does this have with anything?
Quote from: Wikipedia
In 1996 the brand was acquired by K.B.I., Inc. of Harrisburg, Pennsylvania, which expanded the import line to include semi-auto and pump-action shotguns and 1911-style pistols and re-christened the company as Charles Daly, The Shooting Sports Specialist.

In 2008, KBI formed a new division of the company named Charles Daly Defense to manufacture and market the hugely popular AR-15 type semi-automatic carbines and rifles for law enforcement, target shooting and home defense. In a departure from the tradition of selling only imported firearms, Charles Daly Defense AR-15's were manufactured in the United States.

A letter from Michael Kassnar posted on the Charles Daly Website on January 29, 2010 indicated that Charles Daly and KBI were going out of business and closing their doors effective January 29, 2010.

So KBI (yes the KBI of both Russian SKS 45 fame and Yugo M59/66) bought the Charles Daly brand in '96 (right when the VRA was signed and Russian SKS45s were no longer importable, this was no coincidence).  By 2010 both Charles Daly and KBI were run out of business.  It looks like Samco acquired the Charles Daly rights sometime afterwards and has utilized it right up to their own bankruptcy:



Just thought it was interesting to see the progression of this piece of the puzzle. 
« Last Edit: July 06, 2017, 02:39:25 PM by running-man »
      

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #27 on: January 23, 2016, 10:50:33 PM »
Weird
      
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #28 on: January 24, 2016, 12:20:33 AM »
Yeah, the "Charles Daly" name is listed as part of their intellectual property at the auction site.
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #29 on: January 24, 2016, 11:00:03 AM »
Found the defunct Charles Daly website via wayback.  Not much left there as the images, many links, and flash content were all dead.  A couple history nuggets I saved for posterity's sake:



« Last Edit: July 06, 2017, 02:42:24 PM by running-man »
      

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #30 on: January 14, 2017, 11:33:14 PM »
Finally found a S/N turn up from this liquidation!!  Rumor had it that Century bought the lot and when I last talked with a CAI rep, they said they weren't sure when things were going on the market or whether they would sell them through their retail outlet or just wholesale them to other retailers.  Anyhow, the box label for Yugo SKS S/N B15491 turned up (but not the rifle!! pullhair1)  The RI part number is definitely Century nomenclature.  The 4/30/16 date put the label being printed just over a month after the bankruptcy auction closed:



This S/N was listed in the bankruptcy inventory listing on line 18 of this sheet:


Just thought it was neat that these guns are indeed in the wild now.  thumb1
« Last Edit: August 21, 2017, 07:40:23 PM by running-man »
      

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #31 on: January 15, 2017, 02:31:38 AM »
Cool  8) I'd love to get a low number D block if it was stil in M59/66 (no A1) configuration  :)
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #32 on: January 15, 2017, 10:56:05 AM »
How come only the box turned up?
      
1776 will commence again if you try to take our firearms... It doesn't matter how many Lenins you get out on the street begging for them to be taken.

Offline Justin Hell

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #33 on: January 15, 2017, 08:05:27 PM »
Cool  8) I'd love to get a low number D block if it was stil in M59/66 (no A1) configuration  :)

What do you consider a low number?
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #34 on: January 15, 2017, 08:58:58 PM »
Cool  8) I'd love to get a low number D block if it was stil in M59/66 (no A1) configuration  :)

What do you consider a low number?

The low 50k block in that list.
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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #35 on: January 15, 2017, 11:57:21 PM »
How come only the box turned up?

No idea.  The gun in the auction was a M59/66 with all numbers except the stock unreadable.  Stock on it was 577084, which if matching would have made it an O block gun made in '78.   I wish the receiver number would have been readable...might be a missing link type gun.  dntknw1
      

Offline Justin Hell

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #36 on: January 16, 2017, 12:15:58 PM »
Cool  8) I'd love to get a low number D block if it was stil in M59/66 (no A1) configuration  :)

What do you consider a low number?
Here is the list of true 59/66s. Mine is about 1200 older than #5....given to me by K-9 about a year and a half ago. Are these pretty obscure? I didn't read up much on Yugos...I was just happy it didn't have night sights, because...they suck even when flipped down.

What is the story with the non d 50k ones?

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #37 on: January 16, 2017, 02:14:10 PM »
What is the story with the non d 50k ones?

I'd guess they are likely LB yugos with std. FSBs like this one:


« Last Edit: August 21, 2017, 07:42:10 PM by running-man »
      

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #38 on: February 11, 2017, 12:16:12 AM »
Found another box, this time with a proper M59/66 inside it, though the stock is either mismatched or the gun S/N doesn't jive with the box (again).  Samco number was E93202.



Auction at: http://www.gunbroker.com/item/610031145
« Last Edit: August 21, 2017, 07:42:46 PM by running-man »
      

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Re: Samco Global Files Chapter 7 Bankruptcy
« Reply #39 on: February 11, 2017, 01:08:49 AM »
What is the story with the non d 50k ones?

I'd guess they are likely LB yugos with std. FSBs like this one:


I dunno...  You would think they know a rifle without a GL when they see one.  Those standard m59 FSB LBs are  ramdom with one in the C block even. 
« Last Edit: August 21, 2017, 07:43:20 PM by running-man »
      
1776 will commence again if you try to take our firearms... It doesn't matter how many Lenins you get out on the street begging for them to be taken.