AMMO INC. Buying GunBroker.Com

[McKnight55]

SCOTTSDALE, Ariz., Feb. 11, 2021 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW ) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, is pleased to announce it has entered into a non-binding letter of intent (“LOI”) dated February 9, 2021 with IA Tech LLC for its GunBroker.com business (GunBroker.com), the world’s largest on-line auction marketplace dedicated to firearms, hunting, shooting and related products. The Transaction will involve a merger or business combination resulting in GunBroker.com becoming a wholly-owned subsidiary of AMMO (the “Transaction”).



https://apnews.com/press-release/globe-newswire/business-technology-corporate-news-political-issues-government-regulations-1e75163ba3cf2216ebd0df71094f0d69

 

[RufusXG]

"Non-binding letter of intent" sounds just a little preliminary so to speak.

 

[Suck My Glock]

So either the current owners of Gunbroker are nervous as all hell about the coming crush of federal legislation and want to sell while they can,...or AMMO Inc. thinks they can start charging even more fees and/or packing the site with even more ads,...or both.

 

[Noshoot]

I’ll go with both....

 

[Old Jeff H]

Yeah, both.

GunBroker is raking it in right now, but that can easily be turned on its head once the new administration starts having their way.

 

[McKnight55]

They have a new plant coming on line soon. They could use GunBroker.Com to sell ammuntion and reloading supplies direct to the public. They are buying a huge customer base.

https://ammoinc.com/2021/01/05/ammo-inc-announces-plans-to-construct-a-12-million-plant-tripling-its-manufacturing-footprint-in-wisconsin/

 

[338lapua]

With who is in office these guys are clowns to buy gunbroker.

 

[samnev]

Somebody at AMMO hasn't kept up with the Election results. Bad move!!!