at auction to satisfy creditor claims, the biggest creditor being Louis Imperato, himself. The historical controversy centers on, Iver Johnson's previous owner Louis Imperato, then re-purchasing his former company's assets, set for auction sale from the bankruptcy court, for $1.2 million, as he was the first creditor to be satisfied. Included in this bankruptcy court transaction were all the damaged Australian Enfield parts (the ones Phillip Lynn Lloyd and investors had bought prior) when Louis Imperato re-acquired Iver Johnson, its branding, and equipment. This action led to a souring between him and his former business partner, Phillip Lynn Lloyd, and investors as it gave Louis Imperato the right also to collect the remaining balance of the court's determined final company's valuation which Lloyd and investors had never been able to pay in full since acquisition in 1982, four years prior. On February 2, 1987, Louis Imperato created and incorporated Australian Military Surplus Enfield Enterprises in Jacksonville, Arkansas which listed himself as the President, Vice-President, Secretary, and Treasurer with Glenn Barber acting as the registered agent for Louis Imperato's court re-acquired Iver Johnson company in Jacksonville, Arkansas. On company internal documents Louis Imperato identified AMAC as "American Military Arms Corporation" with Iver Johnson Arms being a division of AMAC. The name "American Military Arms Corporation" was not incorporated in Arkansas until September 11, 1989 when it was incorporated by another investor, Neal Paul Fisk (Mountain Home, Arkansas) effectively making Iver Johnson a division of AMAC, Inc. Louis Imperato managed Iver Johnson's Arms in Jacksonville, Arkansas from his office in Brooklyn, New York. However, Louis Imperato would have Iver Johnson declare bankruptcy again, not more than a year later, in 1990, at first as a Chapter 11 (intending to resume business), and then refile to a Chapter 7 (unable to restructure). Final Disposition of Company and its Rifle As part of the final asset sell-off in bankruptcy court, Numrich Gun Parts acquired all of the M1 and Enfield parts. Redick Arms Development (aka incorrectly referenced as 'Redrick'; incorporated 1990, later sold in 1999 to Aurora Tactical, LLC [Springdale Arkansas]) by single owner Ron Witherspoon (Rogers, Arkansas, same as Daisy Weapon Systems), acquired some of the unsold AMAC 5100s as did Ramo Defense (incorporated 1977; defunct www.ramo.com website) located in Nashville, Tennessee. Later in 2003, other remaining unsold AMAC 5100 rifles were acquired by single owner of Ultimate Accuracy Arms, Darrell Reynolds (incorporated