Yep,they got it right.An M-16 is select fire so it really is an assault rifle.The price on these weapons has really gone crazy in the last few years.I paid 1600 bucks for my M16A1 back in 1992.I think I should have bought another dozen or so.
If hes got the license and can afford it more power to him. What kind of a background check do you encounter in the process of getting that license? Maybe he thought no one would notice his Rolls so why lock it?