It was brought to my attention in comments that CTD, home of the $100 Pmag, has been called to the carpet by the Texas AG for price gouging to the tune of having to refund $400k to customers.
Some linkage:
https://www.star-telegram.com/news/coronavirus/article242031861.html
BREAKING: Texas AG Accuses Cheaper Than Dirt of Price Gouging
I have razzed CTD for years for their computerized algorithm that raises prices to slow demand as inventory dwindles. Succinctly, as inventory levels go down, the automatic pricing raises the price to slow down the sales of inventory. The idea being that you slow down the sales of inventory so that you’ll get restocked before you run out of stuff. Problem is, in a panic buying situation the inventory is flying off the shelf so fast, and the next resupply is uncertain, that the price keeps going up up up….thats how you get $99 Pmags.
However, you also get them when someone just arbitrarily says “Quadruple the price of everything.”
Regardless, CTD just took a hit to their reputation that is going to be legendary in the gun community for years to come. I expect them to either make a statement denying the charges and saying they settled for $400k to avoid more costly litigation..or…I expect the to say nothing in hopes it all blows over.
Regardless, for those of you who never saw the earlier times CTD dropped its pants and bent the consumer over……….
ETA: I almost forgot to mention, CTD has also, during times of panic, cancelled existing orders that were already made forcing the would-be purchaser to either renew the order at the new higher prices or go elsewhere. Classy.


