Evan Hafer decided he likes money so much that he artificially shorted his own stock and fucked billions of dollars out of his own shareholders. People are expecting an SEC investigation.
Evan Hafer decided he likes money so much that he artificially shorted his own stock and fucked billions of dollars out of his own shareholders. People are expecting an SEC investigation.
How the fuck did BRCC obtain a valuation of $7.3B? How the fuck are they currently valued at $2.5B? if the Vet-Bro Grifter industrial complex that strong?
How the fuck did BRCC obtain a valuation of $7.3B? How the fuck are they currently valued at $2.5B? if the Vet-Bro Grifter industrial complex that strong?
Even my normielib (and very anti-gun) parents were smitten with those flavored coffee thingies they were cranking out at one point. I decided not to fill them in on the back lore.
In other Arizona related news, the owner of Ammo AZ decided to be even more unethical and asked his customers to give him five star reviews in exchange for raffle tickets.
I am very conflicted about the influence Instagram has had on Gun Culture, on one had any reach is good reach but it also gave us $600 Woodland Vans and whatever this bullshit is
I am very conflicted about the influence Instagram has had on Gun Culture, one one had any reach is good reach but it also gave us $600 Woodland Vans and whatever this bullshit is
So a few pages back we were talking about adjustable gas blocks and race guns and shit. Here’s a recent match with my “race gun” rifle. You may find my match video format boring but it’s a good example of how it handles; namely how little it moves and how fast follow ups are with it:
March 3, 2022; 15 business days after becoming a public company, we contend you breached your contract with the public by failing to file your S-1 that would have allowed additional shares on the market upon exercise of the Warrants. Per your Warrant Agreement, the Company agrees to file the S-1: "in no event later than fifteen (15) Business Days after the closing of its initial Business Combination"
March 14, 2022 through May 4, 2022; Public investors had the contractual right to receive Black Rifle stock so long as you filed and made effective your S-1 (which you failed to get done during this period). In our communications with Black Rifle regarding this failure, your official response was that Black Rifle "was currently waiting on SEC comments and would make the S-1 effective as soon as possible." In addition to documenting our communications with you, we have our own documented communications with the SEC that make us believe your statements were false.
March 29, 2022; You Mr. Hafer, awarded yourself 2,106,629 shares of Black Rifle common units by filing an "Exempt Registration Statement" and making yourself a tidy $42 million based on the $19.76 open price. Does any of this sound familiar to the tactics used by "Fraudsters" pointed out by the SEC Mr. Hafer?
April 4, 2022; Black Rifle announced the removal of the public's right to exercise and receive stock. The pure brazenness of this announcement left me incredulous, as if appearing to breach your fiduciary duty by lying to investors about the S-1 wasn't enough. I would deem this slamming the last nail in your shareholder's coffin.
April 19, 2022; You, Mr. Hafer, awarded yourself an ADDITIONAL 2,106,628 shares of Black Rifle common units by filing another "Exempt Registration Statement" and making yourself an additional $47 million based on the $22.24 open price. P.S. – You may want to check the math on your calculation. According to Bloomberg's VWAP calculation, it appears you only hit 12 days above $20 dollars. I'm not sure you in fact hit your 20 days above $20 dollars (see appendix below for more details).
May 4, 2022; The public's right to get Black Rifle stock via their Warrants was officially removed by Black Rifle.
May 5, 2022; One day later, your S-1 became "EFFECTIVE." It is hard to believe the "SEC finally responded with comments" just a single day too late for your public shareholders.
