I have a Walther p99 airsoft pistol. Theres this plastic thing next to the trigger and after searching for a diagram of my pistol i found out that it was called a takedown catch? can anyone tell me what it is and what it does?
A takedown catch is usually above the trigger on the left side, directly under the slide. A takedown catch is used to remove the slide portion of the pistol from the lower frame, allowing maintenance and other parts of the slide to be accessed. On lower quality (especially NBB pistols) this switch may not facilitate this function, or any at all for that matter. However, if you have a higher quality (especially a GBB Pistol) It should work in the manner described.
Takedown catch’s work in different ways depending on the style. For instance, on a M1911, you have to pull the slide back to the takedown notch (small serration in the slide next to the slide catch) and when you have the slide catch level in the right place, you can pull the slide catch lever out all together. Other pistols, such as an M9 have a totally independent takedown catch, usually you can just flip it down and remove to take the slide off.
If you have a high-end pistol, it should work just like the real steel version. Otherwise it may not have any function. I hope this helps!
What Is the Takedown?
The takedown is jargon for the initial price of a stock, bond, or other security when it is first offered in the open market. The takedown will be a factor in determining the spread or commission underwriters will receive once the public has purchased securities from them.
A full takedown will be received by members of an investment banking syndicate who have underwritten public offerings securities. Dealers outside of the syndicate receive a portion of the takedown while the remaining balance remains with the syndicate.
- The takedown refers to the price offered to the public for s new issue of securities.
- The takedown price will influence the fees that underwriters will receive once they have sold the new securities to the public.
- Alternatively, in a shelf offering, the underwriters will “take down securities off the shelf”, allowing a company to earn proceeds from the sale of an issue over time.
Understanding the Takedown
When a company offers new issues, such as publicly traded stocks or bonds, it will hire an underwriter, such as an investment banking syndicate, to oversee the process of bringing those new issues to market. The members of the syndicate take on most of the risk inherent in bringing new securities offerings to market, and in return, they receive a majority of the profit generated from the sale of each share.
The spread or commission of a given offering refers to the initial profit made from its sale. Once it’s sold, the spread has to be divided up among the syndicate members or other salespeople responsible for selling it. The syndicate will typically divide the spread into the takedown and the manager’s fee.
In this instance, “the takedown” refers to the profit generated by a syndicate member from the sale of an offering, and the manager’s fee will typically represent a much smaller fraction of the spread. For example, if the takedown is $2, the manager’s fee may be $0.30, so the total takedown paid to the syndicate members is $1.70. This is because the syndicate members have fronted money to purchase the securities themselves, and therefore assume more risk from the sale of the offering.
Other fees may also be taken out of the takedown. For example, a concession may be paid to members of a selling group who have not fronted money to purchase shares to sell to the public. A profit made by syndicate members on sales of this nature is known as an additional takedown.
In a shelf offering, underwriters essentially take down securities off the shelf. A shelf offering allows a company to generate money from the sale of a stock over time. For example, if Company A has already issued some common stock, but it wants to issue more stock in order to generate some money to expand, update equipment, or fund other expenses, a shelf offering allows it to issue a new series of stock that offers different dividends to stockholders. Company A is then said to be “taking down” this stock offering “off the shelf”.
The Securities and Exchange Commission (SEC) lets companies register shelf offerings for up to three years. This means that if Company A registered a shelf offering for three years in advance, it would have three years to sell the shares. If it doesn’t sell the shares within the allotted time, it can extend the offering period by filing replacement registration statements.