Smart Gun Company
Touted By Democrats Files Chapter 11-Style Restructuring
by AWR Hawkins 24 May 2015
On May 20, smart gun manufacturer Armatix admitted they have
entered into “chapter 11-style restructuring proceedings in Germany.”
Armatix makes the iP1 smart gun, which Democrats raved about
and pushed to mandate as the only gun that could legally be sold in New Jersey
in 2014. Democrats were joined
in this effort by gun control groups like the Brady Campaign to Prevent Gun Violence.
The iP1 is only chambered in .22 long
rifle and costs $1,800 per gun. The .22 lr is a meager round for
self-defense coupled with a price tag that is over three times the amount
Americans pay for .45 caliber Glock, and nearly four times the amount Americans
pay for a .38 Special polymer revolver from Ruger.
In addition to these things, the iP1 is synchronized with a
watch and will not fire unless in the hands of the person wearing the watch.
Breitbart News has previously reported that this is not all that smart. For
example, if Adam Lanza’s mother had owned an iP1 on the morning of December 14,
2012, it is likely he would have simply stolen the watch and the gun when he
stole other weapons from his mother.
With the watch in his possession, he would not have been
prevented in the least from carrying out his heinous criminality.
For these and other reasons, Democrats and the Brady
Campaign’s smart gun push met stiff resistance. And Armatix is now in “chapter
11-style restructuring.”
According to Fortune magazine,
this news comes after Ernst Mauch, Armatix co-managing director and
head of technical operations, “abruptly parted ways with the company” on
April 20. “Mauch is an eminent weapons designer who had worked for more than 30
years for Germany’s Heckler & Koch, and his presence at Armatix had leant
the company technical credibility.”
Although an Armatix spokesperson describes the “chapter
11-style” proceedings as “a corporate restructuring, not an insolvency
proceeding,” and said the company “will continue operations and does not
anticipate any changes to its majority shareholders,” Armatix did cancel a
planned presentation to a “smart gun technology fair” this past week in New
Rochelle, New York.
Brady Campaign to Prevent Gun
Violence
Michael D. Barnes
was the president for the Brady Campaign
to Prevent Gun Violence, and a senior of counsel for Covington & Burling LLP.
Note:
Eric H. Holder
Jr. was a partner at Covington &
Burling LLP, the attorney general for the U.S. Department of Justice, a board member for the American Constitution Society, and an
intern at the NAACP Legal Defense &
Educational Fund.
Open
Society Foundations was a funder for the American Constitution Society, and the Carnegie Endowment for
International Peace (think tank).
George Soros is the
founder & chairman for the Open Society Foundations.
Foundation
to Promote Open Society was a funder for the NAACP Legal Defense & Educational Fund, the Sundance Institute, the Carnegie
Endowment for International Peace (think tank), and the Roosevelt Institute.
Mario M. Cuomo was
a board of adviser’s member for the American
Constitution Society, and Maria
Cuomo Cole’s father.
Maria Cuomo Cole
is Mario M. Cuomo’s daughter,
married to Kenneth D. Cole, and a
trustee at the Brady Center to Prevent
Gun Violence.
Kenneth D. Cole
is married to Maria Cuomo Cole, and
a trustee at the Sundance Institute.
Patricia E.
Mitchell is the vice chair at the Sundance
Institute, a board member for Global Green USA, and an honorary board
member for Green Cross International.
Global Green USA
is a US affiliate of Green Cross
International.
Green Cross
International
Honorary Board
Pat Mitchell, USA
Robert Redford,
USA
Ted Turner, USA
Board of Directors
Mikhail Gorbachev,
Founding President
Robert Redford
is the founder & president of the Sundance
Institute, an honorary board member for Green Cross International, and a member of Kappa Sigma.
Ted Turner is an honorary
board member for Green Cross
International, a member of Kappa
Sigma, and a co-chairman for the Nuclear
Threat Initiative (think tank).
Mikhail Gorbachev
is the founder of Green Cross
International, was the general secretary for the Communist Party of the Soviet Union, and the president of the Union of Soviet Socialist Republics (USSR).
Carnegie
Endowment for International Peace (think
tank) was a funder for the Nuclear
Threat Initiative (think tank).
Jessica Tuchman Mathews is a director at the Nuclear Threat Initiative (think tank),
was the president of the Carnegie Endowment for International Peace (think
tank), a director at the American Friends of Bilderberg (think
tank), and a 2008 Bilderberg conference participant (think tank).
Ed Griffin’s interview with
Norman Dodd in 1982
(The investigation into the
Carnegie Endowment for International Peace uncovered the plans for population
control by involving the United
States in war)
Alger Hiss was the president
of the Carnegie Endowment for International Peace (think tank), and attended
the Yalta Conference with Franklin Delano Roosevelt (FDR).
Joseph Stalin attended
the Yalta Conference, and the premier
for the Union of Soviet Socialist
Republics (USSR).
Franklin
Delano Roosevelt attended the Yalta
Conference with Alger Hiss, and
his son was James Roosevelt.
James Roosevelt was
Franklin Delano Roosevelt’s son, and
Anna Eleanor Roosevelt’s father.
Anna Eleanor
Roosevelt is James Roosevelt’s daughter,
the chair for the Roosevelt Institute,
and an advisory board member for the Wheelchair
Foundation.
Mikhail Gorbachev
is an advisory board member for the Wheelchair
Foundation, the founder of Green
Cross International, was the general secretary for the Communist Party of the Soviet Union, and the president of the Union of Soviet Socialist Republics (USSR).
Robert Redford
is an honorary board member for Green
Cross International, a member of Kappa
Sigma, and the founder & president of the Sundance Institute.
Kenneth D. Cole
is a trustee at the Sundance Institute,
and married to Maria Cuomo Cole.
Maria Cuomo Cole
is married to Kenneth D. Cole, Mario M. Cuomo’s
daughter, and a trustee at the Brady
Center to Prevent Gun Violence.
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