The integral receiver dove-tail rail with cross-key is set up for a scope mount with fixed ring spacing and 60 min of angle elevation.
[3] Subsequently, the design was purchased by Daisy Weapon Systems (Rogers, Arkansas) who sold the AMAC 1500/5100 manufacturing rights to Iver Johnson Arms.
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.
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).
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.
[8] Later in 2003, other remaining unsold AMAC 5100 rifles were acquired by single owner of Ultimate Accuracy Arms, Darrell Reynolds (incorporated in 2003, Lonoke, Arkansas).