In the memo, obtained by Military Times GearScout from a source within ROC, Kollitides points out “evidence of their misguided agenda is all over the entity’s website that displays the logos of every major firearms maker and lays out a mission to introduce smart gun technology to the industry; something the consumer doesn’t want.”
GDSI’s SEC Form 8-K, provided below, ballparks its strategy to acquire Remington Outdoor Group, provides notice of its plan to buy two other unnamed companies, all while updating the SEC and its investors of its ongoing effort to buy a 70 percent stake in a bankrupt arms company called Airtronic.
Looking at GDSI’s website, it’s filled with stock images, forward-looking statements and hyperbole about protecting freedom, the nation, the Constitution and anything else that evokes an emotional response without providing any specifics. One of the few products they list is called Gatekeeper and appears to be some kind of web-enabled, RFID-based, encrypted, buzzword-laden, gun tracking, trigger locking small arms safety system.
GDSI also references something called “cyber arms manufacturing” in its 8-K, but doesn’t explain what that capability encompasses on their website or in their filings. The only thing that they seem to produce at this time are press releases. There are 30 of them detailing financing deals, SEC filings and announcements of planned growth.
It’s hard to believe that a company that can barely put up an organized website and seems held up in an intractable deal to buy a bankrupt company would have the wherewithal to attract investors and mount a serious bid to buy Remington Outdoor Company.
[HTML1]
