I don't understand why there are so many haters.
Hate? Not at all.
Trust Bailey's business practices? Again, not at all.
1. Quality of Products
For the quality of Bailey's work, I've heard anecdotes here and there. I know people that have had bad experiences from Bailey's QA/lack of QA, and others that are shooting theirs just fine. My observation is that there is an extremely high rate of complaints when compared with other companies of almost any industry. Here's a pictorial analysis of the QA: http://www.arizonaresponsesystems.com/n ... ksw5.shtml
2. Bailey's Personal Statements
I have never spoken with Bailey. People that I trust have and they were less than pleased with Bailey's personal interactions. I've read a number of Bailey's comments online; his statements are not indicative of other reputable business-persons with whom I've dealt.
3. Corporate Structuring
Bailey's pattern of business practices of a rat's nest of corporations is well documented. The rate at which these companies have been shifted around isn't even close to what a reputable company would consider doing. Companies associated with these types of negative business practices might be epitomized by Enron.
Tactical Weapons Training Academy, Inc.
Coharie Arms, Inc.
Coharie Ordinance Factory, Inc.
Coharie Military, Inc.
Omega Arms, Inc.
Special Weapons, Inc., A Close Corporation
ACME Parts, Inc.
Active Manufacturing Corp.
Weapons Import, Inc.
Black Market Parts
BCH Manufacturing, LLC
Top Notch Accessories, LLC
Top Notch Accessories, Inc.
Bobcat Weapons, Inc.
Red Rock Arms
The companies are not all in Bailey's name, but oft times in his wife's name, uncle, brother-in-law, mother-in-law, former coworker's name, etc. Often they register to a private residence in Mesa or shared ("co-located") addresses. But in each situation, Bailey was a key dealmaker to form the entity and/or the business plan.
But we could spend all day on the intertwined ownerships.
Bobcat Weapons talked about a lifetime warranty and I think Coharie does too. But the warranty is only serviceable by that legal entity or another entity that buys out the obligations. Given Bailey's extensive corporation-hopping, I wouldn't trust such a warranty.
For those that are fine with handing over their money to such an organization, have at it. But the above documented business practices do not even come close to ethical behaviors that I would expect from a local ice cream shop, let alone a firearm manufacturer.
Better yet, suppose you were rich enough to be buying helicopters. If Bailey was the Chief Operating Officer of the helicopter company, would you trust the helo to fly you and your family safely? Would you trust a few million dollars to a company with a corporate structure like the above Bailey companies?
If you answered "yes," then you're in luck, Bailey's now working (part time) on building helos:http://www.pegasusheli.com
...well, not actually building...so far they're taking orders and also advertising for more investors.