Home Forums Hunting & Shooting Hunter's Campfire Wells Fargo sues Gunwerks

Print Thread

Hop To

Page 5 of 8

Re: Wells Fargo sues Gunwerks irfubar #14903383 05/22/20
Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA J jimy Campfire Outfitter
jimy Campfire Outfitter J Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA	Originally Posted by irfubar Originally Posted by jimy No business of their size has that kind of cash on hand, your quarterly taxes prevent that from happening . That being said I have no idea of their business structing . if the are an " S" corp "C' corp maybe an LLC. or even a sole proprietorship . Theirs lots of unanswered questions, but like others have said Wells Fargo are bottom feeds of the lending market , and it sounds like a bloon payment was either missed or comming up and the lack of funds available were not satisfactory to cover the total debt, so they got froggy trying to leapfrog the federal government. Explain..... S corp, LLC is a pass through...... you make no sense At structuring of a company simply controls how you are taxed and who is responsible for the debt, these guys didn't borrow 3 million without the means to pay it back, no ones going to loan that kind of money on a LLC without personal loan guarantees, I'm guessing they are an S corp and all of the earnings are taxed at the personal level with most of their spending is company related, as in trucks, hunts written off as testing and many more, every thing a smart man would do to limit taxable income. Writing here is Prohibited by the authorities.

GB1

Re: Wells Fargo sues Gunwerks JohnBurns #14903384 05/22/20
Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA J jimy Campfire Outfitter
jimy Campfire Outfitter J Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA	Please excuse my spelling and grammatical error as my glasses in my turkey vest and I can't see sh~t ! Writing here is Prohibited by the authorities.

Re: Wells Fargo sues Gunwerks JohnBurns #14903390 05/22/20
Joined: Jan 2007 Posts: 3,212 Brookville IN J joelbiltz Campfire Tracker
joelbiltz Campfire Tracker J Joined: Jan 2007 Posts: 3,212 Brookville IN	Hey dennisinaz. Tell everyone about your buddies awesome experience. 🤣🤣🤣. How long did it take to get his money back. Three months??? But they can scrounge up 3 million in two days? Last edited by joelbiltz; 05/22/20.

Re: Wells Fargo sues Gunwerks JohnBurns #14903397 05/22/20
Joined: Jan 2010 Posts: 32,130 Somewhere between lost and fou... kingston Campfire 'Bwana
kingston Campfire 'Bwana Joined: Jan 2010 Posts: 32,130 Somewhere between lost and fou...	No sense in guessing... Originally Posted by 16penny If you put Taco Bell sauce in your ramen noodles it tastes just like poverty

Re: Wells Fargo sues Gunwerks jimy #14903400 05/22/20
Joined: Aug 2009 Posts: 20,824 Hollywood irfubar Campfire Ranger
irfubar Campfire Ranger Joined: Aug 2009 Posts: 20,824 Hollywood	Originally Posted by jimy Please excuse my spelling and grammatical error as my glasses in my turkey vest and I can't see sh~t ! You are excused ... I thought maybe you were drunk.... I am still failing to grasp how an LLC or S corp could not have cash on hand due to tax structure? I have an S corp and tax's don't dictate to me how much cash reserves I have...... Last edited by irfubar; 05/22/20. Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha Sorry, trump is a no tax payin pile of shiit.

IC B2

Re: Wells Fargo sues Gunwerks joelbiltz #14903408 05/22/20
Joined: Aug 2009 Posts: 20,824 Hollywood irfubar Campfire Ranger
irfubar Campfire Ranger Joined: Aug 2009 Posts: 20,824 Hollywood	Originally Posted by joelbiltz Hey dennisinaz. Tell everyone about your buddies awesome experience. 🤣🤣🤣. How long did it take to get his money back. Three months??? But they can scrounge up 3 million in two days? And you have both sides of the story? Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha Sorry, trump is a no tax payin pile of shiit.

Re: Wells Fargo sues Gunwerks kingston #14903413 05/22/20
Joined: Aug 2009 Posts: 20,824 Hollywood irfubar Campfire Ranger
irfubar Campfire Ranger Joined: Aug 2009 Posts: 20,824 Hollywood	Originally Posted by kingston No sense in guessing... Backs up Davidsons story..... Fuggin ankles biters will not be deterred..... Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha Sorry, trump is a no tax payin pile of shiit.

Re: Wells Fargo sues Gunwerks irfubar #14903428 05/22/20
Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA J jimy Campfire Outfitter
jimy Campfire Outfitter J Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA	Originally Posted by irfubar Originally Posted by jimy Please excuse my spelling and grammatical error as my glasses in my turkey vest and I can't see sh~t ! You are excused ... I thought maybe you were drunk.... I am still failing to grasp how an LLC or S corp could not have cash on hand due to tax structure? I have an S corp and tax's don't dictate to me how much cash reserves I have...... Nope just waiting for sun to come up. They have a number of CNC milling machines, I don't know the number they have , but they are not cheap, neither is software, check on a seat of solid works , WF didn't fill suit for no reason, Im guessing Gunwerks wanted to restructure their loans as interest rates have fallen a bunch in the last couple of years, and Gun werks wanted to take advantage of that, myself I believe both sides were playing chicken, who won I don't know . but I can tell you, WF lost. Writing here is Prohibited by the authorities.

Re: Wells Fargo sues Gunwerks JohnBurns #14903439 05/22/20
Joined: Aug 2009 Posts: 20,824 Hollywood irfubar Campfire Ranger
irfubar Campfire Ranger Joined: Aug 2009 Posts: 20,824 Hollywood	For the record I have no skin in this game and have never met Davidson. I simply feel somebody needs to stand up for the small business man..... too many buy into the class envy hate corporations leftist narrative..... Bunch of fuggin wannabe's..... shameful Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha Sorry, trump is a no tax payin pile of shiit.

Re: Wells Fargo sues Gunwerks JohnBurns #14903457 05/22/20
Joined: Dec 2008 Posts: 21,167 N.. Newaukum, Washington J Judman Campfire Ranger
Judman Campfire Ranger J Joined: Dec 2008 Posts: 21,167 N.. Newaukum, Washington	How they even came close to start a bidness selling $10,000 rifles is beyond me... and to think there’s dumbfucks here trying to peddle used ones is even more dumb. And then there’s arrons $3500 scopes ... 😂😂😂🖕🏿🤭😘 Ping pong balls for the win. Once you've wrestled everything else in life is easy. Dan Gable I keep my circle small, I’d rather have 4 quarters than 100 pennies. Ain’t easy havin pals.

IC B3

Re: Wells Fargo sues Gunwerks irfubar #14903465 05/22/20
Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA J jimy Campfire Outfitter
jimy Campfire Outfitter J Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA	Originally Posted by irfubar For the record I have no skin in this game and have never met Davidson. I simply feel somebody needs to stand up for the small business man..... too many buy into the class envy hate corporations leftist narrative..... Bunch of fuggin wannabe's..... shameful I support them , I own a small tool shop, and the banks are your enemies, for me it was the only place I could get the money, I borrowed 20 grand and had to put my house up for guaranteed pay back , [bleep] them ! Writing here is Prohibited by the authorities.

Re: Wells Fargo sues Gunwerks Judman #14903475 05/22/20
Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA J jimy Campfire Outfitter
jimy Campfire Outfitter J Joined: Oct 2013 Posts: 8,490 South Peyton Place, USA	Originally Posted by Judman How they even came close to start a bidness selling $10,000 rifles is beyond me... and to think there’s dumbfucks here trying to peddle used ones is even more dumb. And then there’s arrons $3500 scopes ... 😂😂😂🖕🏿🤭😘 No sh~t , you can put a 6.5 X 20 Leuopold on a model 77, add a timney trigger and you will have a fine long range rifle. If you have ever been elk hunting and a guy shows up with a sheep tag .........well you know how it goes from there.......... Last edited by jimy; 05/22/20. Writing here is Prohibited by the authorities.

Re: Wells Fargo sues Gunwerks irfubar #14903711 05/23/20
Joined: Aug 2003 Posts: 4,249 virginia 163bc Campfire Tracker
163bc Campfire Tracker Joined: Aug 2003 Posts: 4,249 virginia	Originally Posted by irfubar For the record I have no skin in this game and have never met Davidson. I simply feel somebody needs to stand up for the small business man..... too many buy into the class envy hate corporations leftist narrative..... Bunch of fuggin wannabe's..... shameful This.

Re: Wells Fargo sues Gunwerks JohnBurns #14903747 05/23/20
Joined: Feb 2005 Posts: 4,421 IOWA, USA M MIKEWERNER Campfire Tracker
MIKEWERNER Campfire Tracker M Joined: Feb 2005 Posts: 4,421 IOWA, USA	Well, let’s hear it. How ‘not fun’ has it been? How much are you currently ‘owed’? Originally Posted by JohnBurns Originally Posted by huntsman22 I don't see how you can get that far behind, unless you're crooked as bleep..... LOL. They owe us money. It's not been fun. "Those that think they know everything are annoying those of us that have Google." - Dr. D. Edward Wilkinson Note to self: Never ask an old Fogey how he is doing today. Revised note to self: Keep it short when someone asks how I am doing.

Re: Wells Fargo sues Gunwerks JohnBurns #14903756 05/23/20
Joined: Nov 2009 Posts: 2,282 U UNCCGrad Campfire Regular
UNCCGrad Campfire Regular U Joined: Nov 2009 Posts: 2,282	Originally Posted by Judman How they even came close to start a bidness selling $10,000 rifles is beyond me... and to think there’s dumbfucks here trying to peddle used ones is even more dumb. And then there’s arrons $3500 scopes ... 😂😂😂🖕🏿🤭😘 Different strokes for different folks but I would imagine there's a number if different ways one could achieve the same results for a fraction of the cost. Hard to imagine someone selling $10,000 rifles having any financial problems. He SHOULD have that kind of cash reserves with the kind of profit turned on each rifle. WF are scumbags however so I doubt they are complete victims here.

Re: Wells Fargo sues Gunwerks UNCCGrad #14903762 05/23/20
Joined: Feb 2005 Posts: 4,421 IOWA, USA M MIKEWERNER Campfire Tracker
MIKEWERNER Campfire Tracker M Joined: Feb 2005 Posts: 4,421 IOWA, USA	Is it any crazier than paying $400 for a cooler with a particular name on it’s side? Originally Posted by UNCCGrad Originally Posted by Judman How they even came close to start a bidness selling $10,000 rifles is beyond me... and to think there’s dumbfucks here trying to peddle used ones is even more dumb. And then there’s arrons $3500 scopes ... 😂😂😂🖕🏿🤭😘 Different strokes for different folks but I would imagine there's a number if different ways one could achieve the same results for a fraction of the cost. Hard to imagine someone selling $10,000 rifles having any financial problems. He SHOULD have that kind of cash reserves with the kind of profit turned on each rifle. WF are scumbags however so I doubt they are complete victims here. "Those that think they know everything are annoying those of us that have Google." - Dr. D. Edward Wilkinson Note to self: Never ask an old Fogey how he is doing today. Revised note to self: Keep it short when someone asks how I am doing.

Re: Wells Fargo sues Gunwerks JohnBurns #14903785 05/23/20
Joined: Feb 2009 Posts: 728 Central Penna. B bugs4 Campfire Regular
bugs4 Campfire Regular B Joined: Feb 2009 Posts: 728 Central Penna.	I'm not sure who would spend that kind of money on a Gunwerks rifle? ? ? I shoot 1000 yard BR and I can build a very competitive 1000 yard light gun for a third of what a Gunwerks rifle costs.

Re: Wells Fargo sues Gunwerks Judman #14903801 05/23/20
Joined: Sep 2003 Posts: 23,406 C Calvin Campfire Ranger
Calvin Campfire Ranger C Joined: Sep 2003 Posts: 23,406	Originally Posted by Judman How they even came close to start a bidness selling $10,000 rifles is beyond me... and to think there’s dumbfucks here trying to peddle used ones is even more dumb. And then there’s arrons $3500 scopes ... 😂😂😂🖕🏿🤭😘 Lots of older folks have amassed a good deal of money in their life and 10k is nothing for a rifle or any item.

Re: Wells Fargo sues Gunwerks JohnBurns #14903816 05/23/20
Joined: Jun 2006 Posts: 13,401 Hoosierland, Indiana Kimber7man Campfire Outfitter
Kimber7man Campfire Outfitter Joined: Jun 2006 Posts: 13,401 Hoosierland, Indiana	https://www.gunwerks.com/blog/press...g-wells-fargo-litigation-225#scrollTop=0 “There are some who can live without wild things and some who cannot.” ALDO LEOPOLD

Re: Wells Fargo sues Gunwerks JohnBurns #14903817 05/23/20
Joined: Jun 2006 Posts: 13,401 Hoosierland, Indiana Kimber7man Campfire Outfitter
Kimber7man Campfire Outfitter Joined: Jun 2006 Posts: 13,401 Hoosierland, Indiana	http://www.codyenterprise.com/news/local/article_79f49f12-9c5c-11ea-86fe-279650987e06.html “There are some who can live without wild things and some who cannot.” ALDO LEOPOLD

Page 5 of 8

Moderated by RickBin

Link Copied to Clipboard

AX24

562 members (10gaugemag, 1lesfox, 11point, 007FJ, 12344mag, 160user, 51 invisible), 2,527 guests, and 1,238 robots.

Key: Admin, Global Mod, Mod

April
S	M	T	W	T	F	S
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30

Forum Statistics

Forums81

Topics1,191,360

Posts18,468,953

Members73,931

Most Online11,491
Jul 7th, 2023