SiCo founder out as CEO, looking for new CEO

[SC-Texas]

This was interesting. Supposedly from a SiCo employee. Posted on AR15

Originally Posted By Donith:
The “ I’m gonna wait and see what happens” period when HPA was pending hit the business hard.

Though the company has recovered and is doing well, the co founders took it pretty hard, emotionally.

They have removed themselves from positions that would require them to decide which of some of their best friends would no longer have a job.

I heard this was happening a few months ago and assumed it had already taken place. Source is a former coworker now at SiCo who I keep in touch with.

Some contradictions with that statement
1. If their company had recovered and is doing so well, why would they have to be picking people to lay off?

2. The fact is that statement above simply does not make sense if they were worried about picking and choosing which friends had to go, they would have removed themselves a year ago


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[oldag]

You really don't like either that company or those folks, do you?

 

[Renegade]

This was interesting. Supposedly from a SiCo employee. Posted on AR15

Some contradictions with that statement
1. If their company had recovered and is doing so well, why would they have to be picking people to lay off?

2. The fact is that statement above simply does not make sense if they were worried about picking and choosing which friends had to go, they would have removed themselves a year ago

Agreed, and I do not think they recovered. They had some layoffs, so maybe they are not running up as much debt, but the existing debt is not getting paid off either.

 

[Renegade]

A year ago, HPA seemed like a done deal.

Not to me it didn't. These people were believing their own press releases.

 

[SC-Texas]

You really don't like either that company or those folks, do you?

Why would you say That?

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[SC-Texas]

Not to me it didn't. These people were believing their own press releases.

What's that old public enemy sing . . . Don't beleive the hype

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[F350-6]

Not to me it didn't. These people were believing their own press releases.

Perhaps they should have taken on enough debt to buy off a few more senators then.

I didn't follow their releases, but I thought the HPA would pass, but national reciprocity would get stuck in the politics.

Of course the flip side of that is, if HPA did pass, the imported cans for pennies on the dollar would have likely sunk them anyway.

 

[Renegade]

Perhaps they should have taken on enough debt to buy off a few more senators then.

They should have just hired a lobbyist to explain to them how hard it is to pass pro-gun legislation.

 

[SC-Texas]

They should have just hired a lobbyist to explain to them how hard it is to pass pro-gun legislation.

But they had a successful lobbyist . . .didn't you read the press release . .. . And yes, that was snarky

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[F350-6]

They should have just hired a lobbyist to explain to them how hard it is to pass pro-gun legislation.

Isn't that about the same as giving money to a politician and expecting them to tell you the truth? Lobbyist will take the money for a losing cause in a heartbeat. And probably whisper lies about how successful you will be the whole time.

Perhaps that was the problem.

 

[Renegade]

Isn't that about the same as giving money to a politician and expecting them to tell you the truth? Lobbyist will take the money for a losing cause in a heartbeat. And probably whisper lies about how successful you will be the whole time.

Perhaps that was the problem.

Well by the time lobbyist got to 2nd billable hour, they should have realized it was not a "done deal".

 

[TheDan]

 

[Oldfalguy]

I can not believe anyone in or out of the industry thought the HPA would pass. IT was a radical pipe dream from jump street I would have thouth Jason form tracking point would now better and so advise. THe fact the HDA has not passes is notmqal, NO. One neeedsmaI.{{{{{{{::::: A8 W9OE REAOO7 O8IE T. J3EOT NU9U UQF

 

[mx711yam]

I love SiCo, hope they stay around

 

[SC-Texas]

Haven't seen any news

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[HKShooter65]

I love SiCo, hope they stay around

Agree.
Mine are great products.

The prior negativity never gave reason for it.

 

[SC-Texas]

Agree.
Mine are great products.

The prior negativity never gave reason for it.

I'm not a fan. They stopped innovating years ago. But, they have awesome dresses

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[tact]

Please tell us about all this innovation in the suppressor world......

 

[F350-6]

Please tell us about all this innovation in the suppressor world......

Sure. How about better marketing and putting kiosks in local gun stores to aid in the paperwork?

Nevermind, wrong company.

How about putting a can on a rifle that is a non-NFA item? That's something as long as you don't mind muzzle loaders.