Legendardy Russian AK Manufacturer Izhmash Bankrupt

[thej27]

The Firearm Blog » Izhmash Officially Bankrupt
http://www.outdoorhub.com/news/legendary-russian-ak-manufacturer-now-officially-bankrupt/
Probably just need some reorganization.

 

[bloodandgutsmurphy]

I do not think this is serious.

 

[cobber]

How about an INGO sponsored bailout, providing we all get stock shares and steep discounts?

 

[Clay]

old news, unless they are declaring it again a few months later

 

[Mr Evilwrench]

As I understand, they hadn't declared actual bankruptcy previously, but had been put under some kind of supervision. Isn't this one of those things that's "too big to fail"? They should do like we do in real capitalist countries and bail them out, then put them under government supervision.

 

[MilitaryArms]

At least once a year for the last 10 years this "news" is released. It's almost comical at this point.

 

[JettaKnight]

It's good to see that AK's bankrupt the mfgr. just like they do to us collectors!