Interesting.... I've been following this for a while. Title Fight: Heeschen VS German Government! Looks like Heeschen is putting his money where his mouth is, but 1 man vs government. Odds are not in HK's favor.
Latest HK Financial News: Heeschen Injects 60 million Euro into Heckler & Koch
Well HK as of 9/30/14 was in the hole 12 million euros so as long as Germany keeps choking their exports contracts., it's a matter of time before the doors close.
Follow the money.
All of a sudden he "finds" $64M laying around? My alarms go off when I see such things.
One wonders who just purchased the controlling interest in HK and what flavor that money is.
G3Kurz
My he whole German Government vrs HK just boggles my mind. They make some of the most reliable firearms in the world, but the Gov continually tries to choke them out of existence .
And on a side note, it's good to see a post from PRO himself...
Would he really be pumping money into HK if they didn't have a concrete plan to keep the doors open? I wouldn't think that Heeschen or whoever would give him $64 million would be that stupid to gamble with that much money.
You honestly think HK would close its doors and go out of business? I find it hard to believe that if it did get to that point that another company wouldn't take them over or be bought by a wealthy individual with a solid business plan for revival.
"The maker of the rifle that may have killed Osama bin Laden is now focusing on expanding sales in the U.S. to make up for lost contracts."
This part of the article gives me hope of increased chances to bring HK 243 and other products to the HK starving masses in the US. :biggrin:
Well HK should have done another $200 rebate for HK pistols like they did last year. It would also help if they could spin-off other product types faster, like a VP45 or VP9SK, while the market demand is still there. Anything to ramp up declining revenues will help.
Latest HK Financial News: Heeschen Injects 60 million Euro into Heckler & Koch
Has anyone like me seen the post in 416/417 section about France buying 90k 416s? That would be a hell of reason to improve cash position so Government procurement agency sees viability in fulfilling the contract.
Got to love articles that only provide blurbs of headlines instead of tying them together. The mention of the phasing out of the HK rifle in German service reads as a bad thing for HK. Of course, they neglected that it is being replaced by other rifles from HK, which would read as a good thing.
Now that's laughable. He's the reason why they are in debt. You know mansion, yacht, private planes all on the company's name and the he defaulted on the debt.
I have to agree & hope you're correct! For example, Colt tried to live by U.S. Govt contracts, seldom producing anything other than the AR-15 & 1911's. Once again, they are in bankruptcy. However, when you have a holding company that is only interested in draining the cash & operating capital, what can they expect! The US civilian consumer will be the ones to save HK!
I realize this is HKPro, but let's at least "try" to keep the drama to a minimum. HK will be fine, there is no way the Germans are going to allow them to go under. It is socialist Germany at its core, anyone having dealt with their works council knows full well they are not going out of business.
Or he's just trying to cover his coupon payment for the next 2 years until the bond matures. HK's income statement was negative 12m euro at the end of 9/30/14.
I would agree with HKGuns, it is a prestige company that employs people. Two things Germany does not like are unemployment and loosing prestige companies.
The German government is very anti-business, even the CDU is left of what greens were 30 years ago. Just look at how they are throwing VW under the bus -which is the largest employer in the country.
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