High-capacity magazine used by Vegas shooter in high demand
Gun enthusiasts can’t get enough of the high-capacity magazines mass murderer Stephen Paddock reportedly used to shoot more than 500 people in Las Vegas.
The magazines, which hold up to 100 cartridges, are made by SureFire, according to a report, and they were sold out on at least three web sites on Wednesday morning.
SureFire, based in FountainValley, Calif., the maker of magazines used by Paddock in his attack, according to TMZ, was sold out of both the $149 60-round magazine and the $189 100-round magazine.
E-commerce site BigArmory.com and GunmagWarehouse.com were also sold out of the items.
“Our magazines feed smoothly and reliably due to optimal geometry, non-binding coil springs, and nesting polymer followers,” SureFire boasts on its site.
Paddock modified at least one of his cache of 23 weapons, which he used to kill 58 concertgoers and injure 500 more on Sunday night. In addition to the high-capacity magazines, he used a “bumper stock” modification that turned semi-automatic rifles into machine gun-like killing machines.
While the two SureFire products are in great demand, at least one investor in the company is running for the door.
Goldman Sachs, which invested in the privately held company in 2007, is looking to quickly dump its SureFire investment.
“We plan to exit this investment as soon as possible,” the bank told The Post.
Lloyd Blankfein’s bank invested in the company at a time when they primarily made lighting fixtures for military weapons. Goldman Sachs stepped down from the company five years ago when they changed direction and started selling high-capacity magazines to non-military customers, according to the statement.
A SureFire catalog from 2007 indeed doesn’t mention magazines of any kind — although it did sell gun silencers, communications equipment, and knives, in addition to the lights.
Axios first reported on Goldman’s intention to quickly off-load its stake.
Goldman owns a 15 percent stake in SureFire — currently valued at roughly $11 million, one insider told The Post. It’s unclear how much they paid for the initial stake — but it appears they want it gone.
“You want to buy it? Name your price,” one Goldman exec quipped to The Post.