Thread by @StephenGutowski

Here is Wayne LaPierre's letter to the NRA board explaining the bankruptcy filing and restructuring plan. It is similar to the public letter but adds a few new details. scribd.com/document/49089…

https://twitter.com/StephenGutowski/status/1350214923184447489

The letter insists the bankruptcy will have no real effect on the organization. But it also insists it will help the organization streamline operations. LaPierre starts off by saying the group is filing for bankruptcy but later calls it a "so-called 'bankruptcy'" which is odd.

The letter to the board also suggests the NRA may not move their offices to Texas and might even move them to some other state. The only thing that seems to definitely be moving is where they're technically incorporated as a non-profit.

The NRA's headquarters aren't in New York as things stand now anyway. They're in Virginia, just outside of DC.

Also, LaPierre's letter to the NRA board about the bankruptcy and restructuring starts off with "I'm pleased to announce" which kind of implies this may all be news to them?

The bankruptcy filing seems to answer this question. Essentially, the board voted on January 7th to give LaPierre control over whether to "reorganize or restructure the affairs of" the NRA. They also created a 3-member committee to direct legal strategy. courtlistener.com/recap/gov.usco…

I have a feeling this Sea Girt LLC entity the NRA formed in November 2020 and is using as an affiliate in order to file bankruptcy in Texas will be getting a lot of scrutiny in the coming weeks and months. This screenshot is from the NRA filing.

Here is the Sea Girt LLC bankruptcy filing: courtlistener.com/recap/gov.usco…