GI sports files for bankruptcy

[MAr]

Links to follow

[VonBraun63]

This would make sense of why I’ve seen a flood of new GI sports victus markers for sale.

[punkncat]

This should cause some ripples.

[JonM]

It looks like the business will continue operations, but under new management.

[flyweightnate]

I feel like I've heard this story before...

[Painthappy]

Honestly surprised it hadn't happened sooner.

[autococker04]

Be on the look out for Billy Gardner in one of these bad boys looking to make a purchase.

[Chuck E Ducky]

Sounds like a restructuring. I expect a “new brand name” by spring.

[Axel]

I've totally lost track of who owns what and which path it all took. Paintball is becoming as incestuous as the automotive industry

[Arthur]

We were just talking about how ugly some of GI brands have become (e.g. latest Tippmann lineup, Dfender)

GI went nuts with the lawsuits right? Basically the equivalent of shitting in your own back yard. Their paint here in the PNW was usually garbage too.

[ATBen]

It's probably from adding flour to their "patented" fill formula. 2 star and 3 star is garbage here in Southern Ontario too. Bounces like an Atlanta stripper.

[Arthur]

Hahaha, I just let out a big gut laugh. Im recovering from knee surgery yesterday so it hurt, but well worth it - thank you. haha

[Menso]

The court-appointed receiver, Fulcrum and an entity called Kore Outdoor Inc. are nearing a deal that would have Kore buy G.I. Sportz’s operations and keep the business alive.

[Cunha]

Sounds incredibly familiar. These guys gotta go to jail man.

[Rusty Brass]

Incorporated in Delaware at the end of August...
Suspicious, to say the least.

[SignOfZeta]

Good.

$29M in debt...used to design offshore plastic Army guns that break.

[Raleighpaintball.com]

I think we should get a donation pool together and form MCB corp LLC and buy them

huh according to this online report...paintball sports are an area to invest in...

https://weeklywall.com/research-paintball-equipment-market-set-to-boom/