rights to [[Iver Johnson#Iver Johnson's Arms & Cycle Works <dropped Cycle Works after WWI but before Great Depression>|Iver Johnson Arms]]. Daisy continued development of the larger caliber M600 and M650 variants eventually selling off these designs to Redick Arms Development (R.A.D.) in 1990. As a note, Iver Johnson's Arms & Cycle Works is a company that originally started in 1891 (Fitchburg, Massachusetts) and bears no relation, besides the namesake, to the Iver Johnson Arms of this instance, which was purchased as a name right in 1973 by Louis Imperato, of Middlesex, New Jersey, from the original Iver Johnson company (future creator and owner of Henry Repeating Arms created in 1998, Brooklyn New York). Louis Imperato moved Iver Johnson from its long time original Fitchburg, Massachusetts location to Middlesex, New Jersey in 1977 (Ibid.). After restructuring, Louis Imperato then sold the Iver Johnson brand to a group of eight investors in Jacksonville, Arkansas headed by former business partner Philip Lynn Lloyd in 1982. Lloyd and his investors acquired the Iver Johnson branding from Louis Imperato for an amount to be paid over time with Iver Johnson operations moving to 2202 Redmond Road, Jacksonville, Arkansas in 1983. Rifles were constructed in small numbers (hundreds) and implemented by the US Armed Forces that same year in 1983 for deployment in Beirut, Panama, Grenada, and later Serbia/Bosnia. Naming Variants and Company Controversy Initial military delivery for 125 rifles was not sufficient to keep Iver Johnson operational and Phillip Lynn Lloyd and investors looked to other means of business to pay former owner, Louis Imperato, his due for the Iver Johnson branding. One of several events that caused Iver Johnson to file for bankruptcy in October 1986 was an import deal involving 43,500 Australian Enfield rifles that had arrived seriously damaged to the chagrin of Phillip Lynn Lloyd and investors. This situation was one of the final straws that forced the Iver Johnson company, under Lloyd and investors, to file for Chapter 11 bankruptcy protection in October 1986 in Federal Court (Little Rock, Arkansas). While operations continued at Iver Johnson's Arms at their Jacksonville, Arkansas location during their Chapter 11 Bankruptcy, the money owed Louis Imperato by Phillip Lynn Lloyd and others led to the return of the company to Louis Imperato under controversial conditions. At the completion of the bankruptcy proceedings, Iver Johnson company equipment was then set by the court to be sold