Gunwerks Sued By Creditors

[Montana'eer]

I'm in commercial finance. I'm not a fan of Wells Fargo, however some of the alleged behavior listed in this article is some serious doo-doo (and yes- that's a professional / technical term).

Wells Fargo Sues Cody's Gunwerks, Claims Firm Owes $2.8 Million

In March 2019, Gunwerks along with government and business officials broke ground for its expanded manufacturing facility.

k2radio.com

Likewise, Gunwerks refused to transfer back to Wells Fargo money the company transferred to another bank despite its agreement to maintain its deposits at Wells Fargo. Wells Fargo believes those funds were from the sale of its collateral, according to the complaint.

"The Borrower has taken control of Wells Fargo's collateral, refuses to disclose the names and addresses of account obligors for accounts that constitute collateral for Wells Fargo and has removed and refused to remit proceeds of Wells Fargo's collateral to prevent such collateral from being applied to the Borrower's loans," according to the complaint.

 

[JAYgs8163]

He said, she said!

 

[Ingwe]

LAWYERS GUNS AND

 

[Deleted member 103481]

Interesting. Someone posted the public records on the hide, they've had various delinquencies since 2016 and are currently delinquent.

the post I see does not show any delinquency in the past 3 years?

 

[CMP70306]

Gunwerks adds Neal Emery as Director of Brand Experience

www.gunwerks.com

Here is Aaron's response, looks like they settled the issue with Wells Fargo.

 

[david g ranes]

Gunwerks adds Neal Emery as Director of Brand Experience

www.gunwerks.com

Here is Aaron's response, looks like they settled the issue with Wells Fargo.

good glad to hear it. David

 

[Deleted member 103481]

Good deal

 

[lancetkenyon]

Fake News: Reporters got Wells Fargo Gunwerks Lawsuit Story Wrong

Aaron Davidson, owner of the high-end custom rifle manufacturing company Gunwerks, said a lawsuit filed by banking giant Wells Fargo against his company on May 20 contained wrong information which spurred erroneous reports about the company’s financial health.

www.internationalsportsman.com

 

[Dosh]

Not to point a finger, but Wells Fargo would be the last bank I'll ever do business with. No regard for customer satisfaction and underhanded business operations etc. On second thought I do have to point a finger, the middle one!

 

[Montana'eer]

Wells Fargo has done a great job of ruining a valuable brand name due to their ongoing and persistent screw-ups.

 

[AaronSkipDavidson]

Guys,

Your responses were the best tempered so far. It is really appreciated.

We're all good, I just picked a fight I couldn't win. Thank goodness we had the cash to pay off our line! I feel for any of the other small companies they are chasing that don't.

Lots of good stuff coming this year!

 

[AaronSkipDavidson]

It'll be interesting to see what action the state takes to get their unpaid sales taxes since 2018. Assuming the article is accurate.

Fake news. Easy to verify.

 

[AaronSkipDavidson]

Wells Fargo has done a great job of ruining a valuable brand name due to their ongoing and persistent screw-ups.

Sales are up! Our customers are smart enough to smell bs!

 

[Tidus56]

Did they call your loans? Does that even happen anymore? What in the world is going on here. I have had one dealing with Gunwerks and it was exceptional. Wells Fargo won't be getting anymore money from me.