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Posted: 5/18/2019 8:51:53 AM EDT
[#17]
![Discussion Forums](/images/2016/spacer.gif) Quote HistoryQuoted:
Lets be clear, if expenses are tax deductible, you don't pay tax on that money. Currently, between what we have already spent and what we have ordered, we have over $100,000 in this project. Then there is time; I have well over 2,000 hours in this project with several more hundred to go, all while working my full time job. So from my perspective, that is all overtime. I also don't work for minimum wage. Would you begrudge me my wage? Yes, $2,995 for just an adapter is a lot of money. If you already own a M16, the adapter was not designed for you. But if you are someone where the M10 or M11/NINE is your only machinegun and you want the functionality of a M16 or you are priced out of a M16 but they can come up with around half that, the functionality of a M16 is possible.
As far as investment, most are aware of shows like "Dragon's Den" and "Shark Tank". If not look it up. From the research I have done, the shows are very generous. Most investing in such a niche market would want 3/4 ownership or more. So we would do all of this to make someone else money. We are fortunate enough to be in a place that we can come up with the funds on our own, so we have taken on the whole risk. I am closing in on retirement. $100,000 is an enormous amount of money to us. We hope that we make a profit. But there is no guarantee.
As far as aesthetics, it is what it is. We have tried to do what we could. This is an adapter, not a ground up firearm design. But we have three units that have 10,000 rounds of use and have run great. I love sharing my full auto with other shooters. My first machinegun was a Colt M16. Now we can give a similar experience I had to other shooters that might not be able to afford a M16. I get that the look is unusual, but it has grown on me over time. The function is what really counts to me. My firearms are tools more than collector items. YMMV.
Scott View Quote Scott, ignore the haters! Us one MG M10 owners applaud you! I am on the list and anxiously waiting for approval!
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