Keep in mind as you read this that New Jersey already has laws mandating computer-controlled guns be the only thing on the market in three years, even though everything about the concept of a “smart” gun is faulty.
Now there’s a tech firm called Global Digital Solutions, Inc. that’s come out of nowhere to try to buy all the American gun industry up in order to control it and force RFID chipped, RFID controlled gun control on the US. They’re starting with an unsolicited bid on Remington Outdoors/Freedom Group, which comprises numerous individual firearms manufacturers beyond just Remington.
Update 4: The Outdoor Wire reports that Remington thinks of this as a big PR stunt:
Remington Acquisition Announcement: Giant PR Stunt?
Executives with Remington Outdoor Company have described yesterday’s late afternoon announcement of plans by by Global Digital Solutions, Inc (OTC-QB:GDSI) to acquire Remington as “attention seeking in it’s worst form”. Officials at Remington say they will be addressing Global’s PR NewsWire announcement of their planned all-cash acquisition of Remington of nearly $1.1 Billion. The Outdoor Wire Digital Network will have the full story as it develops.
Whether it’s a big PR stunt to generate interest and capital from anti-gun-rights proponents who favor and have discussed this sort of thing before, or whether it’s just a cheap pump & dump of the stock, either way Remington doesn’t seem to take it seriously. Unless there’s an announcement from Remington that they’re going sell this afternoon once all their big investors cash out.
But on the other hand, it looks like GDSI did buy Airtronic a year or so ago, who makes M203s for the US military.
If/when Remington puts out an official announcement, I might be adding a tin foil tag to this story. Anyhow, the rest of the original story as follows:
The announcement on the acquisition attempt, written in corporatese, from CNN Money:
PALM BEACH, Fla., March 11, 2014 /PRNewswire/ — Global Digital Solutions, Inc. (OTC-QB: GDSI), a company that is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas, today filed a Form 8-K with the Securities and Exchange Commission (“SEC”) providing information regarding three proposed transactions, including an unsolicited letter of intent to acquire Remington Outdoor Company, Inc., also known as Freedom Group, Inc. (“Freedom”). GDSI has made an unsolicited offer to purchase freedom for $1.082 billion in cash. Freedom has estimated that its net sales for 2013 will be in the range of $1.250 billion to $1.275 billion and that its adjusted EBITDA will be in the range of $235 million to $240 million. The Form 8-K may be accessed at www.sec.gov or on GDSI’s website at www.gdsi.co.
Richard J. Sullivan, GDSI’s Chairman and CEO, offered several reasons for optimism regarding the proposed acquisitions discussed in the Form 8-K filing and the company’s overall strategy for profitable growth going forward:
“The GDSI team is extremely excited and confident about all three of these proposed acquisitions. There are powerful synergies between Freedom and the two other companies that will fuel our future growth along with the transformation of the cyber arms industry. Cyber-based technologies, coupled with enhanced digital product development and distribution, will be key factors in achieving results that could match – and probably even exceed – what we were able to produce at Digital Angel Corp and Applied Digital Solutions (“Applied”). At Applied, we saw our market capitalization reach $2.5 billion, roughly five times revenue and nearly 25 times EBITDA.
What’s that gibberish actually mean? It means somebody with a lot of money and influence is going to try to buy out major manufacturers and force so-called “smart guns” on the American public – that is guns that are activated or deactivated by digital control, whether you want them or not. Read on…
From GDSI’s website:
They’re just going to buy things up – starting with Remington/Freedom Group, put RFID and control chips in guns, have them mandated by politicians, and then achieve gun control their way. There is no customer demand for this. The gun community does not want this.
A radio-controlled gun that is only enabled by an implated RFID chip, and one that can be disabled by someone with a jammer, is not something that anyone in the gun community wants.
The only people who want this are anti-gun politicians and anti-gun activists. And in this case, anti-gun businessmen willing to play crony to anti-gun, anti-citizen, anti-rights forces.
From GDSI’s own website:
Personalized Gun Control –
Global Digital Solutions Announces GDSI Gatekeeper, A Revolutionary Suite of Technology-Enhanced Services That Offer Digital, Web-Based, Small Arms Safety and Security Solutions for Commercial and Military-Related Markets
PALM BEACH, Fla., January 23, 2014 /PRNewswire/ –
– Global Digital Solutions, Inc. (GDSI), a company that is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas, today announced GDSI Gatekeeper, a revolutionary suite of technology-enhanced services that offer personalized, digital small arms safety and security solutions in commercial and military-related markets.
GDSI Gatekeeper, which combines advanced Radio Frequency Identification (RFID) technology with web-based wireless capabilities, will provide commercial and military customers with three essential safety and security benefits:
• Encrypted, password-protected, digital, trigger-locking capability;
• Secure, real-time online tracking; and
• Encrypted, cloud-enabled databases.
“We’re extremely excited about the potential for GDSI Gatekeeper,” said GDSI’s President and CEO Richard J. Sullivan. “This revolutionary suite of services represents a real breakthrough by leveraging the power of web-based, digital technology to enhance safety and security in the small arms arena, both in the commercial and military sectors. We think of it as personalized gun control and we believe the accessible worldwide market represents a multibillion dollar opportunity for GDSI.”
What’s all that mean? Again, it means RFID-chipped “smart guns” controlled by (or overridden by) computers. Control is their market.
According to recent reports from the United States Bureau of Alcohol, Tobacco and Firearms (ATF), an annual average of nearly 3.5 million firearms were manufactured in the United States over the past eight years. GDSI Gatekeeper’s encrypted digital locking device could be easily retrofitted into existing firearms or it could be included in the manufacturing process itself.
And why would existing firearms need a system that’s ultimately one more piece of technology that could go wrong? They wouldn’t. But with such “smart” guns on the market, like New Jersey’s law already shows, they could be mandated. And the process could be mandated for every existing company, especially if one major company controls enough of the market to say “it’s common”. It wouldn’t take much to say it’s a “safety feature” that has to be implemented.
“Results like these truly represent the baseline of our expectations going forward. As discussed previously, we plan to follow a similar acquisition strategy to the one we successfully pursued at Applied. Under my leadership at Applied, the GDSI team successfully executed a private-to-public company roll-up totaling some 42 acquisitions and growing annual revenue from $1 million to $350 million over five years.
“This model, which takes advantage of market trends, technological advances and industry consolidations to fuel profitable growth, presents a value proposition that is perfectly suited to the military armament industry, an industry that is heavily fragmented and evolving rapidly toward a RFID/WiFi-enabled technology platform. In this dynamic environment, we see enormous opportunity to consolidate this market with a program of targeted acquisitions, including the proposed Freedom transaction. Technological convergence is the future in the cyber/smart arms arena and we’re eager to leverage our proven history of success by helping Freedom and others navigate the transition from analog to digital.
Translation: They’re buying Freedom Group and Remington in order to change the marketplace.
They’re going to force “smart” guns on you whether you like it or not. “Technological convergence is the future” means they are going to try to make RFID-chipped guns and gun control happen.
That’s some impressive lip service in the middle of a company advertising human-implanted RFID chips and gun control as their main product and goal. They’ll just make it so to be law-abiding, you have to buy their product.
And this is no small part of both the plan and goal:
The company is confident that its Gatekeeper suite of advanced technology solutions will be successful because the team behind its development has a proven track record of impressive results while leading Applied Digital Solutions and Digital Angel Corporation, including:
- The first-ever FDA-approved, human-Implantable RFID tags that continue to be used by several foreign militaries;
- The first proof-of-concept implanted GPS-wireless tracking device which was successfully implanted in a sheep in 2002;
- The first-of-their-kind GPS-wireless tracking devices still sold to and used by probation and corrections offices around the country.
- In addition, Applied Digital Solutions was the subject of two Harvard Business School case studies that are still being used in the curriculum. The first followed the company’s efforts to build a marketing plan for its Digital Angel GPS/wireless personal security device. The second study followed the successful merger of Digital Angel Corporation and Outerlink Corporation.
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas.
You want to use your gun? Enjoy putting an RFID chip in yourself. And guess what – your gun and your movements will be tracked.
Another question – where’s a company with a stock that’s trading under a dollar coming up with the capital to buy Freedom Group and the dozen other gun companies they have as new targets on their website?
Update: One more question for anyone who can decipher it. I can read a lot of legalese and corporatese, and I’ve got my suspicions, but what the heck is: “culturally attuned social consulting in unsettled areas”? The way I read that is “company can give lip service to rural populations”.
Update 2: Keep in mind once again that New Jersey has already implemented a law that demands computer-controlled firearms. Keep in mind as well that the same kind of mandates NJ already pushed and that GDSI wishes to foster in the market is the same kind of simultaneous gun control & corporate scam as mandating magazine disconnects and microstamping.
Update 3: The Firearm Blog just picked this story up, complete with non-political commentary, as they are a site about guns, not politics.
– – –
It’s a reverse of the Pushkin poem.
«Всё моё», — сказало злато;
«Всё моё», — сказал булат.
«Всё куплю», — сказало злато;
«Всё возьму», — сказал булат.
“All is mine,” said gold.
“All is mine,” said sword.
“I’ll buy everything,” said gold.
“I’ll take everything,” said sword.
This time gold is buying the swords and taking everything.