Greetings Dear Readers , here is some info For your further reading entertainment:
Let us begin with a brief recap of the Merwin & Hulbert Replica Company, without too much reference to the current
ummm .... dissolution and reconfiguration of the "corporate structure"
This is what I have been able to glean from old forums, links, etc.
The website /http://merwinhulbertco.com/ "existed" as early as 2004 but only showed a "Go-Daddy" place holder until
© 2007 Merwin Hulbert & Co.
the original website was opened sometyime in 2007 and had several discussions in the forums.
Jan 2008:
The website as we knew it appeared at least by Jan 2008
We first see signs of activity ~ Oct 2008 on their original website, taking "subscription orders" and non-refundable deposits.
December 2008:
The online order system went live ~ December 2008 and discussion on various Cowboy forums began...
2009:
Ads in various magazines, orders taken. Only image available was a CAD image.
many promises, much beating of chests regarding integrity and honor
Mid 2010:
shipping was "supposed to " occurr sometime in 2010,
by October, M&H was going to have working examples at Shot Show 2011 and start shipping by July
still not even one example of a working prototype
Only image of a revolver is still the CAD image
The Beating Of Chests continues.
Jan 2011
No pistols at the shotshow
by November, CAS City members were posting "Well, it's been 1 year to the date when they said the guns would be delivered"
by the end of the year2011 cell phone photos of a handful of proto parts were shown.
still no completed revolver.
Jan 2012
No appearance at the Shot Show
Sometime in February- March, dissolution begins.
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Now for
"Just The Facts"
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Here are some published docs and Newspaper articles:
From
http://www.douglas-budget.com/glenrock/article_d3628d36-7a8f-11e1-8d4b-001a4bcf887a.htmlPosted: Friday, March 30, 2012 11:43 am | Updated: 10:25 am, Thu Apr 5, 2012.
Regarding the Sharps Rifle Co. lease of buildings & land & etc from the city of Glenrock, WY:
snip:
"In contrast, the new agreement with Sharps will give the option to purchase for the same price of $750,000 after only three years on the condition that the company employ only eight people for a 12 month period. The company’s monthly rent payments will be applied toward the purchase price if the company elects to do so, but the option to purchase is only available during the initial seven year lease term which goes into effect May 1, 2012, ending April 30, 2019.
Council has agreed to CEO Kevin Tierney’s request to defer rent payments for six months, allowing him time to gain investors and equity. After six months, it was agreed that Tierney will not only pay the town for the six months of deferred rent, utilities and property taxes, but he will make an advance payment on the next six months of rent as well."
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Here are the lease details:
http://www.glenrock.org/vertical/sites/%7BA6FCC76E-AB91-4180-9161-6D53BC40A04C%7D/uploads/Sharps_Lease_Agreement.pdfFor details of the new company look here
http://www.truthisbinary.com/Sharp/documents/DocIndex.htmlhttp://www.truthisbinary.com/Sharp/documents/Execsummary.htmlhttp://www.truthisbinary.com/Sharp/what.htmlhttp://www.truthisbinary.com/Sharp/principals.htmlhttp://www.truthisbinary.com/Sharp/facility.htmlIt appears to me that
everything is contingent upon obtaining the new funding, of at least $1,300,000
If you fill out the nondisclosure agreement, it appears you will be granted access to some further details.
then read these:
http://www.scribd.com/doc/87204011/Merwin-Hulbert-Memorandum-3-28-12Snips:
3.It is specifically planned, budgeted and in the process of being executed that Merwin will begin making
the New Merwin Hulbert ‘Pocket Army’ Revolver as soon as funding is complete. The first production prototype parts
are being made now and finished production prototypes are soon to be scheduled for testing at an independent
ballistics laboratory.Certain members of the Gun Writers community are also scheduled to receive these production
prototypes for their own testing.
...
5.By way of this writing it should be understood that if you deposited monies with the, now defunct, “old Merwin Company”
for a Merwin Hulbert Revolver at the original then advertised price,your order will be honored. Merwin will not be able to
deliver any configuration or caliber other than the barrel lengths or caliber mentioned in number 3 above.The new
Company has what it believes to be a complete set of records of orders and deposits taken.
...
11.The first production guns will be shipped to those that made deposits in the order that they were taken. New orders will
be taken as soon as production begins and an announcement to that effect will be posted to the soon-to-bere-launched web site. Pricing for new orders will also be posted at that time and it should be understood that the new pricing will not resemble the old.
http://www.scribd.com/doc/87203859/Sharps-Rifle-Company-Inc-Introduction-Documentdated March15, 2012
snips:
Mr. Tierney and Mr. Martin have completed the necessary documentation in order to raise the $1,300,000 in investment
inSharps Rifle Company, Inc. and have begun making presentations to potential investors.Once the necessary capital
has been secured by the new Sharps Rifle Company, Inc., Mr. Tierney and Mr. Martin will immediately implement
Phase I of the business plan and begin the production,sale andshipmentof the Merwin Hulbert revolvers andthe Sharps
Relia-Bolt from its facility inGlenrock, WY.
Important Snips From the above Sharps Rifle doco dated March 28, 2012 :
" ... will begin making the New Merwin Hulbert ‘Pocket Army’ Revolver as soon as funding is complete."
" The first production prototype parts are being made now..."
Conjecture:
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- I see no commitments to any dates, except for payback of the 6months deferred lease plus the next 6 months
to the city of Glenrock, WY.
- It appears that Sharps Rifle has 6 months from the date of the lease agreement to secure above funding and pay back the
6 months deffered rent or they default on the lease and forfit their equipment
- It appears that no work would begin until the initial $1.3 mill investment is secured.
- since there is no funding yet, and it appears that production will not start until the funding is secured, most production
tooling & parts most likely do not yet exist
- We have not yet seen any photos of any completed or operational prototypes, thus it is uncertain how far along or
how functional they may be.
If all goes well, and the required investor funding is obtained, production
might start 6 months (or after) from the start of lease (May 1, 2012) altho the only commitment on paper appears to be the payback of the deferred lease. This is based on the above Sharp's Rifle doc:
" ... will begin making the New Merwin Hulbert ‘Pocket Army’ Revolver as soon as funding is complete."
The rest is not "committments" so much as "plans".
Shipment of Production firearms would also seem to depend upon
- Hiring new staffing (since everyone has been let go),
- getting the bugs worked out of the 5 hand assembled prototypes (for which we have only seen some photos of loose parts),
- Production tooling acquisition/setup,
- Training of new Production Manufacturing Staff, QA staff, and Repair Staff
- the transition of the bug-free "prototype" into production
Read the doco, draw your own conclusions
BTW while the "old"
http://a-squareco.com site still exists, I cannot tell if the former A-Square Co is still functioning, and would appreciate any info rfegarding their continuing existance .
good luck to all involved.
yhs
prof marvel