American Rebel Holdings (AREB) went up over 100% today after they released a PR claiming that their subsidiary, Champion Safe, is getting calls from people interested in their safes. There was a recent controversy with their larger competitor, Liberty Safe, had to release the access code of an individual’s safe that the FBI had a warrant. Liberty Safe only did this after they received proof of the valid warrant.
We called up Champion Safe today, and found that their procedure is EXACTLY THE SAME! They can’t do anything different than what Liberty Safe did. Therefore, people who are looking to buy a gun safe have no advantage or additional rights protection from buying from Champion Safe over Liberty.
Additionally, AREB has less than a quarter left of cash so we expect an offering soon and this was just an opportunistic way for the company to boost the stock price. We expect a full retrace of the stock move today, and potentially more after their expected upcoming stock offering.
The following is what “Mike” an executive from Champion Safe told us- he was transferred from calling phone # (801) 377-7199.
Mike – In the case a court order has been submitted to us to release the combination, they will then refer that to their attorney, and the attorney has to figure out if it is legitimate or not. At that point, it would be at the court’s behest… where you would have the decision to make: be in contempt of court or release the combination.
And honestly, if they were determined to get into your safe, they could cut it open, if that’s the course they wanted to take. We couldn’t stop them, nobody could.