Thanks for posting that, it is a relief, I shot my 357 last week and was wondering how many more times I would - given no replacement parts if they went out of business. That said, I can't believe how thoughtless and inconsiderate these people are going dark like that for months, when a few posts on Facebook would have helped all involved greatly (or perhaps they are smarter than one would think and maybe hiding something). They lost a bunch of orders too as more than a few people have received refunds from their credit card companies for work in progress.This statement is posted on Coonan's Facebook account:
"Coonan Inc wants to reach out to our loyal customers and dealers. COONAN INC IS NOT GONE! We sincerely apologize for the lack of communication. This process has taken far longer than we had anticipated, but there have been many things going on behind the scenes. We have been working very hard to restructure the company in ways that will allow us to server our customer's needs better and faster. These changes will also allows us to pursue even more exciting new projects. While obstacles can pop up easily during this type of transition, we do hope to have things up and running by the end of November. Once we have completed the process, we will contact our customers with delivery dates on orders for pistols, FAL receivers and accessories. Thanks again, we truly appreciate your patience."
Nope, they are probably just putting up a smoke screen (+spin) as they struggle to try to find a funder or two to get them out of their steep tail-spin. No business who isn't in some sort of big trouble can act this incompetent...I hope they do get the funding, I enjoy my Classic, but hope I never need warranty work.November has passed and no further update from Coonan on their Facebook or website. Reading thru the FB comments it appears they still aren't talking. Anyone have news, rumors or conjecture to share?
I haven't been involved in the gun industry, but I have seen a few business go under and the games they play sometimes. I'd have to agree with your assessment.Business is slow right now. Even when business was brisk they were shopping for investors or a buyout. That tells me they were in trouble even when sales were strong.
I really doubt that they have the legs to survive at this point. Please keep in mind that I am purely speculating from the industry rumors that I have heard coupled with 30 years of being active in the business. Let's just say that I have seen similar scenarios play out over the years.