Originally posted by martin
joeprim,
Actually what happened is the British conglomerate that owned S&W sold them right after the agreement with the klintonazis. After the agreement they were seriously in red ink because of the active boycotts.
It ended up that Saf-T-Lock bought the S&W assets for pennies on the dollar. They have not renounced the agreement, so the boycott is still on.
To add to this information, as I understand things Bush/Ashcroft are ignoring the terms of the agreement, and letting S&W do as it likes. The agreement is still enforceable, however, so S&W would be right back where they were in 99 and 00 if the D's win an election.
I don't know what penalties there are for S&W in the agreement if they blow off the agreement, though I suppose those penalties too could be ignored by a Justice Department so inclined. All the more reason for S&W to shred the thing now, if they're going to do so at all.