Fact. Fred sold to Bob Chambers last June. Bob is running the show on a daily basis and Fred is coming in two days a week, spending time with customers, etc. When I was there a couple of weeks ago, had lunch with Fred, and they were VERY busy. I was fitted for, and ordered a New American stock for my KX-5, Delivery will be around the first of the year.
No, Fred did not retain any interest. He and I had lunch while I was there and the info is straight from him. Two major gun companies were interested in buying him out for more money but he sold to Bob Chambers.