I hope nothing bad comes from it, I truly do. I've been buying NFA with a trust for nearly a decade now. I went the trust route because even to get fingerprints in my area I was getting a run around. I just don't feel like having to lose money by taking off of work to attempt to get things done during specific hours on specific days. That's a headache even without getting CLEO sign off.
I also know that by having all my NFA items owned by the trust before the deadline (or at least pending) I will have no legal worries if I add or subtract trustees down the road. I can do it at will and care less about any rule changes they might suddenly make.
Question I always had about the shoelace stance they had...doesn't that mean that every person with a firearm and shoelaces in their shoes would be guilty of intent to construct an unregistered machinegun? lol
MP5SD SW clone SBR with TPM SD can
MP5 Coharie clone SBR with AAC Striker II can
MP5-40 Vector clone SBR
HK45 with Sico Osprey 45 can
Many Many more non HK firearms
Wish I had more than 2 sears ;)
Make no mistake though, both are salesmen. Ruben advertises "always paying top dollar", that's his top dollar, not anything close to fair market value. That's were the real margins come in. These investments are all discretionary income, so some guys don't care what they sell for because they probably made some money anyway. Still they provide a service, "we pay up front". But there is a fine line between turning an honest profit and getting greedy.
Bottom line. If either of them has something that is in acceptable condition accompanied by excellent photos from the start (sorry Frank, that 3-day money back inspection thing doesn't make me feel better after waiting months for the transfer), at a price you can afford, then buy it. Keep in mind, however a reliable private party sells you the history of ownership and not just the merchandise. When it comes to sear builds, history is important.
I'm pretty sure Frank is sitting back and watching this thread and getting his chuckles. Whatever it may be, he is getting his churn in publicity and making his fat commission. Win-win for him.
I wish I had more then 4 sears.
If you want something like a sear, which are in high demand right now, you either have to do your due diligence with a private party or deal with someone like Frank if they have one. But if you think the MWT's of the world somehow ensure better quality or provide more security over competent buyer due diligence, they don't.
A new acquaintance of mine gave me the best reasoning behind 41f that I've heard to date. Or at least reasoning I agree with. The problem the ATF runs into with a trust is that it can't run a background check on a non-person. So the paperwork goes through and whoever is on the trust, to some extent, has access to the firearms. This includes folks that couldn't pass a background check any other way. Had they not required the CELO signature the proliferation of trusts wouldn't have probably happened and they'd get their background checks. So I think it's a good thing for the time being.