Watchtower files for Chapter 11

[joefrank64k]

First Delton, now Watchtower.

If this pattern continues, Hi-Point then SOLGW is next? Haha!!

No Reload for Watchtower: Texas Gunmaker Files for Bankruptcy Amid Slumping Sales ~ VIDEO

Watchtower Firearms was reportedly $2.8 million in debt, with significant amounts owed to another firearms manufacturer and unpaid federal excise taxes...

www.ammoland.com

 

[2azone]

Watchtower filed a while ago, but they are still delivering and it's kind of situation normal from the customer side. We still have guns in stock. We're still ordering guns. They're still taking orders. We're still getting shipments. We're still able to work with rmas. From your perspective, nothing's changed and we have basically the entire lineup in stock

 

[DuckDawg22]

These are the guys that bought F1, right?

 

[2azone]

These are the guys that bought F1, right?

Yup

 

[Dirk Tungsten]

These guys may have been doomed from the start. The firearms market has been saturated for years, with too many manufacturers and dealers (FFLs) for the total market to support. It looks like these guys were selling high-end products, which have a limited audience and an increasing number of suppliers competing for the relatively few customers for their products. Something was bound to give, and unfortunately it looks like it was them.