Originally Posted by
GardoneVT
The holding company filed chapter 11 bankruptcy on June 14,2015 and reported a negative balance on their payroll and accounts payable accounts as per their latest 8-K form (Filing date 1-06-2016) for the previous November.
Ballistic awesomeness aside,the company is technically bankrupt. They can't afford a custom shop or advanced anything at the moment.Judging by the lack of recent SEC statements on their webpage and this development ,Colt as we know it isn't long for this world.