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Old February 21, 2020, 08:49 PM   #5
Aguila Blanca
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Join Date: September 25, 2008
Location: CONUS
Posts: 13,902
Awhile back there was an on-line article (possibly linked from this site, because otherwise I don't know how I would have found it) detailing the financial wizardry that put Remington in a serious monetary situation. I'm not an economist or an accountant so, although I sort of understood it when I read it, I certainly don't remember enough to be able to summarize it here. The bottom line, though, was that Remington is now carrying a huge debt load that had nothing to do with Remington, as a result of a financial shell game by the holding company.
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