Powerball

[str8shot426]

Oh, and I'd buy Colt and jerk a knot into the backsides of the place and turn them around.

Will you bring back DA revolvers?

[Love Life]

As long as they make me money. I'd also up production of SAA pistols...and fire the thumb safety fitter guy lol.

[castalott]

My buddy Jeff says , " The first thing I would do is buy a better set of friends...."

[tommag]

I used to play at casinos in Nevada, until I figured it out that I wasn't getting ahead that way. Sure, sometimes I'd win a few hundred bucks, but then I'd give it back. Now, I satisfy my gambling urges by buying lottery tickets. $2 for the powerball. Same numbers every time. I don't figure I'll ever get ahead, but at $208 per year, it isn't a major expenditure. The big jackpots don't get me excited. Any winnig ticket would be nice, but I don't count on it.

[Plate plinker]

Well I would do one charitable type thing. Buy a Huge Ole gravel pit and setup a first class shooting facility capable of holding national level matches. Complete with a campground and other family friendly stuff.

[JWT]

Well I would do one charitable type thing. Buy a Huge Ole gravel pit and setup a first class shooting facility capable of holding national level matches. Complete with a campground and other family friendly stuff.

Great idea. How about one in each state with a nationwide membership.

[Plate plinker]

Lets not get carried away. But I do know where there are several large pits that are about played out that would do just fine here. Probably would have to buy several homes out to put staff into.

[slim1836]

I am already a lottery winner, having won the lottery for the draft. I got Number 1 back in 71 or 72.

With that kind of luck, if I did hit the lottery jackpot, I would have a heart attack and die, leaving my wife rich.

If I survived, it's payback time to those who have helped me through my times of need.

Slim

[randyrat]

I'd give it all away




When I die

[Lloyd Smale]

id want my money now. I probably wont be around in 25 years and I cant see letting the government sitting on my money for that long. My luck theyd go broke and find a way to screw me out of it.

[starmac]

I always got a kick out of folks thinking when the lottery got up to 100 million or so.
We lived in New Mexico and was the closest place to the Texas panhandle to buy power ball tickets. There was always some who would drive over for them every week, quite a few would pick up 100 tickets or so at a time for group buys. When the lottery would hit 100 million, my wife would go help the business sell tickets, they would dedicate one cash register just for ticket sales and the line would be anywhere from 20 to 100 people long around the clock, many buying 1000 or more tickets at a time.
What I found crazy to my thinking is the lottery starts out at 10 million, and many would not spend a buck for a chance at the 10 million, but would stand in line with hundred dollar bills as soon as it hit the 100 million mark. lol I guess 10 million was just chump change to most folks. lol

[Artful]

As long as they make me money. I'd also up production of SAA pistols...and fire the thumb safety fitter guy lol.

Dick, did you see this?
http://www.thefirearmblog.com/blog/2...nkruptcy-exit/

BREAKING: Sciens Default on Loan to Colt, Rocks Bankruptcy Exit

Posted 3 days ago
Colt’s exit from bankruptcy has hit a snag: The owners of the company, Sciens Capital Management have defaulted on a $15 million funding commitment to Colt Defense LLC, as part of the company’s exit from bankruptcy. The private equity company agreed to pay the money to help Colt meet its commitments to its lenders, but failed to actually provide the money within the deadline. Nasdaq.com reports:

Gun maker Colt Defense LLC’s emergence from bankruptcy has been thrown into turmoil by a default on a $15 million funding commitment by private-equity owner Sciens Capital Management.

After Sciens missed a December deadline to come up with the money bondholders scrambled to find more cash to cover most of the shortfall and ensure the deals designed to usher Colt out of bankruptcy stay in place. The Connecticut firearms manufacturer said in court papers that it is on track to emerge from chapter 11, but the role of its long-time owner remains to be seen.

A Colt spokesman and a lawyer for the official committee of unsecured creditors declined to comment on the funding miss, which surfaced after Colt’s chapter 11 emergence plan was confirmed in mid-December.

Sciens principal Daniel J. Standen, who is also chairman of the governing board of the Colt parent company, said in a court filing Wednesday that the delay in funding was due to the need to document the new Colt investment as part of Sciens’s effort to enlist its investors in the deal. The firm raises money separately for each new investment, Mr. Standen said, and in order not to hold Colt in bankruptcy, it negotiated a delayed timeline for participating in the capital raise.

“Sciens strongly believes that the debtors’ business is worth saving and has therefore agreed to help fund the Debtors’ exit from chapter 11 by participating in the offering,” Mr. Standen wrote.

Sciens was supposed to participate in the new investment along with bondholders. According to documents filed in the U.S. Bankruptcy Court in Wilmington, Del., it didn’t meet the December deadline for the funding.

Court papers say Sciens has days to cure the default and to start paying up if it wants to stay involved with the storied company, maker of the “gun that won the West.” The private-equity firm has until Friday to come up with at least $1 million to hang on to a piece of Colt. If Sciens funds $2.6 million Friday, it gets another month to find more money and perhaps make good on its full commitment.

Court papers describe a fluid situation in which lenders, creditors and Sciens remain committed to getting Colt out of bankruptcy, but Sciens’s future participation hangs on whether it meets the new deadlines for funding. For most of the bankruptcy case, bondholders and Sciens were at odds, with bondholders accusing the private-equity firm of draining Colt of cash needed for research and development to keep it competitive.

Sciens denied the allegations and said it was committed to Colt’s success.

What this means is that if Sciens does not come up with at least part of the money by tomorrow, then it could be stripped of its involvement with the famous firearms manufacturer. It may be editorializing for me to say this, but perhaps that would be in Colt’s best interests, in the long run. Sciens’ management of the company has brought very little but trouble for the company.

We have been covering Colt’s financial struggle since November of last year, beginning with initial signs of Colt’s default, and continuing with the withdrawal of Blackstone Funds’ equity, the Cortland Capital loan,debt restructuring, the news that Colt had mortgaged some of its patents, Colt filing Chapter 11,the possibility of a Native American tribe coming to Colt’s rescue, and Colt’s new joint contract with FN, over which Remington subsequently sued them both, and the Army

[labradigger1]

I would never take the annuity. No telling how long the dollar will stand. Get the lump sum, buy every gun made, buy gold and silver, houses all over the world, one leer jet to get there and enjoy your short time left on this rock.

[mikeyjones]

I always got a kick out of folks thinking when the lottery got up to 100 million or so.
We lived in New Mexico and was the closest place to the Texas panhandle to buy power ball tickets. There was always some who would drive over for them every week, quite a few would pick up 100 tickets or so at a time for group buys. When the lottery would hit 100 million, my wife would go help the business sell tickets, they would dedicate one cash register just for ticket sales and the line would be anywhere from 20 to 100 people long around the clock, many buying 1000 or more tickets at a time.
What I found crazy to my thinking is the lottery starts out at 10 million, and many would not spend a buck for a chance at the 10 million, but would stand in line with hundred dollar bills as soon as it hit the 100 million mark. lol I guess 10 million was just chump change to most folks. lol

Your odds stay the same regardless if it's 10 or 100 mill. So the expected value does change on that same dollar spent towards a ticket.

[Riverpigusmc]

What makes me laugh is those who won't buy a ticket until it's 500 million or so

[Beagle333]

I didn't buy a ticket till it hit a billion.


'Drove over to GA today and bought 10!
I know my odds aren't any better than if it was 10 grand, but I wanted to have my card in the hat when somebody drew for a billion bucks. 'Might never see that again.

[fast ronnie]

I see you just joined. Welcome to the forum.

I'd take the cash up front for three simple reasons:

1. Compounding interest alone would mean I'd never have to work anywhere or for anyone I didn't want to.

2. I could spend most of the up front and still live on the interest comfortably for the rest of my life. No idea what I'd do with the annuity.

3. Most importantly, the annuity only pays so long as they've got money to pay it. Like social security it's not in a lockbox or a trust somewhere. If I have the money up front, I don't have to worry about the annuity getting slashed or drying up down the line.

Besides, I'd collect degrees and skills like Pokemon cards if I had even half that. Spend a couple years paying Gary Reeder to teach me to tune guns, hire Jerry Miculek as my shooting coach, and get a few degrees in plant biology, various period histories, and maybe one in engineering if I could hack the physics.

And then I'd invest money in everything Joss Whedon planned to film. Ever.

[mcdaniel.mac]

I see you just joined. Welcome to the forum.

Thanks! Been a lurker for a few years, I actually remember watching the powder coating threads from oh, I guess it was about three years back, right about the time when .300 Blackout was picking up hype and people were just starting to perfect the Harbor Freight sprayer-and-bake technique.

Man, imagine the reloading station and test range you could build with that lottery money. I'd finally be able to do enough load development to contribute something of value to this forum!

[Elkins45]

I would never take the annuity. No telling how long the dollar will stand. Get the lump sum, buy every gun made, buy gold and silver, houses all over the world, one leer jet to get there and enjoy your short time left on this rock.

1.3 billion divided by 29 = 44.8 million dollars. As long as the dollar stands long enough to cash the first check I figure I'm good.

[rockrat]

Need to buy enough land to start a town, populated by cast boolit people. All gas stations and tire stores have to use nothing but lead wheelweights. Shotgun and rifle and pistol ranges. If you live there , you have membership. Also, like the warehouse experiment, have an underground range for the cold weather!!