My experience with the Kerodins has been both expensive and valuable. I’m out close to $2800 total between III Arms Company and donations to their dojo and IIIPS. The first I thought of as an investment, and as such I expected the money to be used specifically to get a firearms production company started. Start-up capital. Now, anyone with investment experience knows that start-ups have a very small chance of survival, let alone success. It’s a high-risk gamble, but there are certain times when the gamble is worth it, even if it’s not a monetary success.
With investments, you don’t always expect to see returns, but you do expect a certain degree of accountability and transparency from those to whom you’ve entrusted your money. With III Arms Company, it’s not that it failed, it’s the question of accountability on the part of the Kerodins, and their lack of openness with the Founding Members. We gave them money for a specific purpose, we would like to have a detailed accounting of where it went.
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