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(KHOU Houston)   It takes a special kind of incompetence to fail at running a gun store in TEXAS, about the same level it would take to blame Obama for the bank's decision to foreclose now that you've been in default on your loan for more than a year   (khou.com) divider line 49
    More: Dumbass  
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6279 clicks; posted to Main » on 25 Jun 2014 at 12:28 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-06-25 12:42:00 PM  
4 votes:
This guy couldn't turn a profit selling guns and ammo in Texas during the Obama presidency. You can't make this shiat up.
2014-06-25 12:34:00 PM  
4 votes:
So an idiot gun store owner bet the farm buying AR-15s thinking they would be banned soon and he would have the only large inventory in the country.  He marked them up 2-3 times their actual value, didn't sell any and defaulted on his loans.

/Never buy guns at any place with the word "Tactical" in its name.
2014-06-25 01:57:47 PM  
3 votes:

Rent Party: Dog Welder: HeadLever: Could it be tied into Operation Choke Point?

Given how little the Obama Administration has been able to progress gun control legislation, this likely seems to be the best way that they can do something behind the scenes.

Small Business Loans of any sort are deemed "high risk" by banks.  Try getting a loan via the SBA at some point in your life and you'll realize being a start up entrepreneur is something of a fallacy if you can't come up with the money yourself.

Yup.  Banks generally won't even look at you if you don't have a documented three year history of operations.

"I've got a business plan so I'm going to the bank to get a loan to start my business" is the mythology of the bootstrappy set.


Well that's why the 7a Loan program exists through the SBA. Banks simply will not loan money to a start-up small business, the risks are just too high for their models and the rewards ain;t great.  So the SBA says to them "meet our guidelines and we will guarantee that loan and buy out 75-90% of the outstanding balance (p&I mind you)"

Which is a pretty much the only reason there is any small business lending at all (which is a good thing since 50% of all Americans are employed by a small business)


Now the Irony that it takes a federal government program to make the boot-strappers version of the American dream possible?

Well that's a discussion for another day
2014-06-25 12:47:24 PM  
3 votes:

Voiceofreason01: FTFA: "The bank said the gun store's loan is in default, but the gun shop said this is about politics. "We've never missed a loan payment on any of the loans," said Alcede. "


Yeah, no....the bank can't just decide to foreclose because they don't like you, even if it's for "political reasons"


I suppose he can PROVE that he never missed a payment and then sue for wrongful lawsuit.

Are those crickets I hear?
2014-06-25 12:46:51 PM  
3 votes:
There seems to be a common theme among patriots with not being able to pay their bills and/or taxes.
2014-06-25 12:43:00 PM  
3 votes:
150 people? Presumably he's counting employee families at least, but still, how many employees can a gun shop possibly need?
2014-06-25 12:30:30 PM  
3 votes:
No, it's pretty easy to fail at being a gunshop at texas.  All that needs to happen is that the drooling moron customer base needs to go next door to the other gunshop.
2014-06-25 10:02:14 AM  
3 votes:
FTFA: "The bank said the gun store's loan is in default, but the gun shop said this is about politics. "We've never missed a loan payment on any of the loans," said Alcede. "


Yeah, no....the bank can't just decide to foreclose because they don't like you, even if it's for "political reasons"
2014-06-25 01:14:46 PM  
2 votes:

Magorn: vudukungfu: From Philly to Boston: co-owner of Tactical Firearms.

Christ. they named it "Tactical Firearms"?
Really?

Someday, some person will have to explain to me why  adding rip-stop nylon cordura webbing or a rubber o-ring  to something automatically makes it tactical.   And while we are on the subject, is there such thing as a "strategic" Flashlight or AR-15?


I know next to nothing about AR-15s but live with regular power-outages.
A "strategic flashlight" has at least two of the following features:
1 - a lanyard - renders light wearable, allowing the user to operate hands-free while illuminating their crotch-ankle area
2 - a rubber hand-grip - allows user to employ tooth-grip, operating hands-free while practicing anti-gag reflex breathing (see appendix: "cardio/vascular conditioning")
3 - a free-motion handle - allows users to "mount" flashlight from any available source - nail, tree limb, goat horns (don't judge - in a crisis, anything may happen)
4 - a thin plastic bulb cover - easily breakable, in an emergency, the sharp edges may be used to open battery packaging (see appendix: "superficial wound care")

The cat that runs front-yard and porch operations could expound on "tactical flashlights" but is currently on R&R after a harrowing encounter with "red-dot-laser-light" during a failed mission named "Midnight Roach"
2014-06-25 12:39:29 PM  
2 votes:
If claiming Obama is trying to grab his guns doesn't work, he'll lay claim that the bank is run by homosexuals and they are shutting his gun store down in order to pass gay marriage laws in his town...

Dude is fishing for Sarah Palin to lead the Conservative Outrage Brigade into his town and show their support by buying all his stock.

When are these dopes going to understand that the COB only supports rich and famous people who cry over Obama and the Homosexuals? If you aren't already rich and famous, then join the rest of the brigade and step in line...
2014-06-25 12:33:38 PM  
2 votes:
So how long till the derp brigade puts this into a FW FW FW FW email or Facebook posting
2014-06-25 12:33:06 PM  
2 votes:

Katy gun store facing foreclosure struggles to stay open


She caught the Katy
and left me a mule to ride.
2014-06-25 11:58:16 AM  
2 votes:
All signs point to the owner putting most of the money up his nose and projecting the blame elsewhere.
2014-06-25 10:50:55 AM  
2 votes:

From Philly to Boston: "Right now our second amendment is under attack," said Jeremy Alcede, co-owner of Tactical Firearms.

Sounds like your ability to be a deadbeat is under attack.


Seriously in TFA even his own Business partner calls BS on this guy and says he's basically a crook
2014-06-25 10:34:52 AM  
2 votes:
"Right now our second amendment is under attack," said Jeremy Alcede, co-owner of Tactical Firearms.

Sounds like your ability to be a deadbeat is under attack.
2014-06-26 10:47:35 AM  
1 votes:

HeadLever: mizchief: Can't really blame him for your shop closing.

Unless you can.


Did you actually read that link?

"Store changes banks" doesn't really fit the "Obama is the devil" narrative some folks seem to want to pursue...heck, the original bank might just have decided their theft liability premiums were too low.

Selling guns IS a little riskier than selling, say, ice cream.
2014-06-26 12:32:38 AM  
1 votes:

HeadLever: morg: Right or wrong, The Washington Times is considered a tainted source.

Washington Post then?

Maybe the Hill?

CEI?

Outdoor Life?

Field and Stream?

If you don't like this laundry list, feel free to offer a nonbiased source that refutes these claims.


Hey, that's why I lead with "Right or wrong". Linking to a tainted source undermines what would be a normally decent argument.
Sorry, unsolicited advice.
2014-06-25 03:44:56 PM  
1 votes:

THX 1138: If he's up to date on all his loans and the bank is simply shutting him down for political and vindictive reasons, then why is he trying to raise 6.5 million dollars to get out of arrears on his bank loans?


Not only that, the banking industry isn't exactly known for its liberal leanings.
2014-06-25 03:42:25 PM  
1 votes:
If he's up to date on all his loans and the bank is simply shutting him down for political and vindictive reasons, then why is he trying to raise 6.5 million dollars to get out of arrears on his bank loans?
2014-06-25 02:37:42 PM  
1 votes:

bekaye: If you would like to know more about what is actually going on, go read  http://www.gofundme.com/alcpu4 .

But if you don't want to read it, here is a summary.

1. They have loans and the stay current with the payments.
2. In 2012, they buy the land next door on a new short term loan. That land purchase cross collateralized the other loans.
3. The short term loan comes due (last year), time to refinance.
4. One partner refuses to sign the loan refinancing.
5. One year later, all collateral (the land AND the business) is in danger due to foreclosure.

It is alleged that the objecting partner wanted the business to default, so he could buy everything from the bank once it foreclosed.

/definitely Obama!
//everybody's got to have a hobby.
///don't forget the three thing


Bullshiat.  That link doesn't address the accusations of embezzlement, illegally keeping wild animals and/or livestock (he bought a farking monkey) within a municipal district of Harris county, or that the co-owners have been in court with each other since December to determine who actually owes the bank what, further holding up payments that already weren't being made because of the disagreement before the civil case.
2014-06-25 02:33:47 PM  
1 votes:

freetomato: http://www.gofundme.com/adypjg

Um...Yo and Rent Party - sorry for the threadjack but thanks - his working class parents are really struggling to take time off work to be by his side and pay for a hotel near the hospital which is over an hour from home.

I can't believe the subject jackwad actually expects anyone with a brain to blame anyone but him for his crashing failure.


Just donated $25.  I will give more when I can.  Good luck!

/sorry for the threadjack
//not really sorry
2014-06-25 02:32:49 PM  
1 votes:
If you would like to know more about what is actually going on, go read  http://www.gofundme.com/alcpu4 .

But if you don't want to read it, here is a summary.

1. They have loans and the stay current with the payments.
2. In 2012, they buy the land next door on a new short term loan. That land purchase cross collateralized the other loans.
3. The short term loan comes due (last year), time to refinance.
4. One partner refuses to sign the loan refinancing.
5. One year later, all collateral (the land AND the business) is in danger due to foreclosure.

It is alleged that the objecting partner wanted the business to default, so he could buy everything from the bank once it foreclosed.


/definitely Obama!
//everybody's got to have a hobby.
///don't forget the three thing
2014-06-25 02:21:54 PM  
1 votes:

holdeestrufs: Anyone know what would happen if I tried to shoot .30-30 ammo thru my .32 Winchester special? Tactical answers only please.  .32 Win Special ain't cheap.


Given the smaller neck diameter of the .30 WCF, you'd be lucky to not blow the case... which is no bueno.  Tactically.
2014-06-25 01:48:09 PM  
1 votes:

Rent Party: PaulRB: Lifeless: I live in Katy and have friends and acquaintances who worked at this store. This is an embezzlement job, plain and simple. Maybe even a front but I don't have first or secondhand evidence for that.

So, he's not a god-fearing patriot being screwed over by Obama?  I hope no-one (in Katy or elsewhere) is fooled into giving this guy a dime.

http://www.gofundme.com/alcpu4

$1,715 so far.  Only about six million more to go!

/ Suckers.


Some dumb assholes gave him that much already?

My baby nephew who has cancer  is on there right now.  I wish I could take that $1715 and move it over to his fundraiser.
2014-06-25 01:40:48 PM  
1 votes:

Dog Welder: HeadLever: Could it be tied into Operation Choke Point?

Given how little the Obama Administration has been able to progress gun control legislation, this likely seems to be the best way that they can do something behind the scenes.

Small Business Loans of any sort are deemed "high risk" by banks.  Try getting a loan via the SBA at some point in your life and you'll realize being a start up entrepreneur is something of a fallacy if you can't come up with the money yourself.


Yup.  Banks generally won't even look at you if you don't have a documented three year history of operations.

"I've got a business plan so I'm going to the bank to get a loan to start my business" is the mythology of the bootstrappy set.
2014-06-25 01:31:37 PM  
1 votes:

Farkistanian: I heard the radio interview with him yesterday, so I'm really.....

The host gave him all manner of opportunity to plead his case.  My takeaway was that he had a major falling out with the co-owner.  Something the co-owner did or didn't do affected the loan.  Oh, and as an afterthought, the bank calling in the loan was the result of the Obama administration pressing for more frequent audits of loans to firearm retailers.


The co-owner accused him of surreptitiously recycling spent shells from the range and pocketing the proceeds. The level of income it provided would've affected the terms of the loan, even if the guy had been paying on it.
2014-06-25 01:26:29 PM  
1 votes:
I live in Katy and have friends and acquaintances who worked at this store. This is an embezzlement job, plain and simple. Maybe even a front but I don't have first or secondhand evidence for that.
2014-06-25 01:24:16 PM  
1 votes:

HeadLever: HotWingConspiracy: You get used to blaming black people for all of your problems, it becomes comforting.

Kind of like blaming 'racism' on any argument that you don't want to directly address?


I don't know what you're talking about.
2014-06-25 01:15:05 PM  
1 votes:

Plant Rights Activist: Magorn: vudukungfu: From Philly to Boston: co-owner of Tactical Firearms.

Christ. they named it "Tactical Firearms"?
Really?

Someday, some person will have to explain to me why  adding rip-stop nylon cordura webbing or a rubber o-ring  to something automatically makes it tactical.   And while we are on the subject, is there such thing as a "strategic" Flashlight or AR-15?

strategic flashlights provide a comfortable amount of light for you to read maps and organize troop deployments, although the weight and size of the rifle attached to it make it somewhat impractical.


When I was a cop, they had just come out with the "Kel-light" and all the other cops were falling all over themselves trying to get a bigger one than the next guy. Apparently, you could load one big one up with batteries and beat someone over the head with it and do some serious damage. And size matters.
I learned how to tell who had anger management issues (all of them) and how bad, by how big their flashlight was.

For me, being in a confrontation was the last thing I wanted all day long.
So, while I was not like the others, I was great in negotiation situations.
2014-06-25 01:09:58 PM  
1 votes:

Carn: There seems to be a common theme among patriots with not being able willing to pay their bills and/or taxes.

2014-06-25 01:02:35 PM  
1 votes:
Apparently the business partner is in on the conspiracy since he is suing Jeremy Alcede for taking money from the business for personal purchases.
2014-06-25 01:02:30 PM  
1 votes:
I love the 'we can't discuss details about our bank' angle.  Pay your farking bills, deadbeat.
2014-06-25 12:59:46 PM  
1 votes:

Carn: There seems to be a common theme among patriots with not being able to pay their bills and/or taxes.


They're still waiting for it to trickle down.
2014-06-25 12:54:43 PM  
1 votes:

Dog Welder: bmr68: It's in a bad spot. The other problem(s) for the store is that there are many large gun dealers within 15 miles. Academy, WalMart, Bass Pro Shops, Gander Mountain,Carter's Country & 7-8 small gun shops similar to Tactical.

I figured their biggest problem (other than money mismanagement) is competition.  You'd probably have a hard time throwing a rock and NOT hitting a gun store in Katy, Texas.


Oh, cut him some slack.  He was sure he was the only person to decide to sell guns. No one else could possibly have the same idea with better execution.
2014-06-25 12:54:39 PM  
1 votes:
It's not like people who hate the black president really need a reason (other than his, you know, blackness). They've believed shiat just as stupid as this many times before.

Truth and accuracy is never an impediment when you're yapping about Obama.
2014-06-25 12:50:31 PM  
1 votes:

vudukungfu: From Philly to Boston: co-owner of Tactical Firearms.

Christ. they named it "Tactical Firearms"?
Really?


Someday, some person will have to explain to me why  adding rip-stop nylon cordura webbing or a rubber o-ring  to something automatically makes it tactical.   And while we are on the subject, is there such thing as a "strategic" Flashlight or AR-15?
2014-06-25 12:50:06 PM  
1 votes:

Carn: There seems to be a common theme among patriots with not being able to pay their bills and/or taxes.


That theme is "it is all the black guy's fault"
2014-06-25 12:47:56 PM  
1 votes:
From the picture of the inside of the store,  if 150 people are employed there then that might be one reason they are in the hole so much.
2014-06-25 12:46:30 PM  
1 votes:

Tom_Slick: So an idiot gun store owner bet the farm buying AR-15s thinking they would be banned soon and he would have the only large inventory in the country.  He marked them up 2-3 times their actual value, didn't sell any and defaulted on his loans.

/Never buy guns at any place with the word "Tactical" in its name.


Oddly enough, I watched this *exact* scenario play out here in my state recently.  Couple of guys partnered up, opened a store, and covered the walls with ridiculously overpriced "Tactical Everything".  I went in there once and the cheapest thing they had was a Frankengun Carbine for $1,100.00.  On the way out the door I saw they were also selling .22 Long Rifle ammunition for $.50 cents a round. (that isn't a typo.  They wanted a buck for every 2 rounds ffs.)

They were gone in 6 months.
2014-06-25 12:45:36 PM  
1 votes:

bmr68: It's in a bad spot. The other problem(s) for the store is that there are many large gun dealers within 15 miles. Academy, WalMart, Bass Pro Shops, Gander Mountain,Carter's Country & 7-8 small gun shops similar to Tactical.


I figured their biggest problem (other than money mismanagement) is competition.  You'd probably have a hard time throwing a rock and NOT hitting a gun store in Katy, Texas.
2014-06-25 12:44:51 PM  
1 votes:

ElwoodCuse: Englebert Slaptyback: Katy gun store facing foreclosure struggles to stay open


She caught the Katy
and left me a mule to ride.

Where's the Cadillac


I traded it for a microphone.
2014-06-25 12:39:46 PM  
1 votes:
Obama personally directs Icon Bank to shut him down?
Obama works on the orders of the Trilateral Commission.
Which is a subsidiary of the Bilderberg Group.
Who is pushing the U.N.'s Agenda 21.
Ban Ki Moon is a reverse vampire.
Bought and paid for the Lizard People.

Or this guy is a moron, who couldn't move enough weapons to the Mexican Drug Gangs?

You decide
2014-06-25 12:39:23 PM  
1 votes:
You have to admire this guy's gumption. He is appealing to his clientele for this kind of bullshiat. They will eat it up ala Cliven Bundy and he will be a martyr.
2014-06-25 12:38:48 PM  
1 votes:
Is the Bundy brigade going to lay siege to the bank for this con man too?
2014-06-25 12:36:27 PM  
1 votes:
OBOZO and the federal government is INFRINGING on this Patriot's right to get out of paying his bills.

www.reviewjournal.com
Save us Fat Drew Brees!  The Patriots of Texas need you  to win another battle for America!
2014-06-25 12:35:29 PM  
1 votes:
Obama?  You're blaming the best thing that happened to gun sales in all of history, for your gun shop failing?

What's next, it's Hillary Clinton's fault that your cankle store is closing?
2014-06-25 12:33:02 PM  
1 votes:

From Philly to Boston: co-owner of Tactical Firearms.


Christ. they named it "Tactical Firearms"?
Really?
2014-06-25 12:30:11 PM  
1 votes:
You have to admit that it is a competitive market. You can't run a business like shiat when there are dozens of competing companies doing the same thing you are all over town.
2014-06-25 12:08:29 PM  
1 votes:
"They're outright lies," said Alcede. "We wouldn't have the outreach and outpouring on our side if people thought I was a criminal."

Hmm. The NRA Community would never give money to someone they thought was trying to spite Obama, regardless of that individual's standing with the law.
 
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