Eyes Never Closed

Nearly two years ago BATFE agents raided CavArms and siezed roughly $500k worth of firearms along with computers and business files. To my current knowledge, no one at CavArms has been charged with anything, though they do admit to some mistakes being made. Now it seems that yesterday CavArms announced they are surrendering their FFL. It seems to me that had CavArms actually done something wrong, the BATFE would have taken the FFL.

Initially found over at WeTheArmed.com:

Two weeks shy of 2 years from the initial raid Cavalry Arms has decided to throw in the towel.  While they remain in business, they will no longer produce their lower receivers.  The product line is supposed to be picked up by another company that will continue to provide customer support and warranty service.

From the Cavalry Arms site:

2/15/2010 Press Release

Dear Friends and Loyal Customers:

As you may be aware, we have been engaged in an ongoing dispute with the ATF for the past two years. While Cavalry Arms has at all times tried its best to run a lawful and honest shop, unfortunately, some regulatory compliance mistakes were made. We have now come to the point where we feel it is in our best interest to close our FFL and to cease all firearms operations. The owner of Cavalry Arms, Shawn Nealon, has elected to leave the firearms business and concentrate on firearms accessories instead. We are currently in negotiations with another company for that company to purchase the CAV-15 product line. Rest assured that any resulting purchase agreement will address the issue of providing service and support with regard to existing CAV-15 firearm products. We will continue to manufacture quality plastic components, grow our Medical products line, and work to bring new innovations to the relevant markets. Over the next several weeks we will be conducting a wind-down of our firearms manufacturing and FFL operations. Accordingly, please do not send us any firearms for repair or replacement. Instead, such issues should be addressed to the ultimate purchaser of our assets. Due to our limited personnel resources, during this transition/operation wind-down period, the final processing and shipping of firearm receivers already in our inventory will be our first priority.

We deeply appreciate your patience and understanding and anticipate that the relevant asset purchaser will begin operations in March of 2010. We sincerely thank you for your prior and ongoing support during these troubled times and look forward to better years ahead.

Thank you,
Cavalry Arms