Oh yeah, they have been reopened a while now. somewhere i seen the pics of all their equipment they had for sale and all the spare parts they was selling cheap going out of business. i don't know who bought em cause they wasn't gone long.I heard they laid people off, but they're still doing business.
I have one of those. And a similar experience.I bought one of the Radical firearm AR's. It has the same furniture but mine has one long picatinny rail on top none on the sides or bottom up front. It shoots the imi 77gr razor core just fine. At 100 yards with a red dot it will keep within a .50¢ piece. Pretty damn steller for $500.
Honestly I wasn't expecting much but it surprised the heck out of me. It came with the same bolt carrier group made by toolcraft that I bought at the 4th of July sale last year.