Colt has been bought and sold and Chapter Elevened so many times that it’s not really Colt anymore. It’s just a trademark.
I have $3000 worth of their blue state output. A 1911 commemorative reissue, a Defender and a New Agent.
The 1911 ended up with the barrel bushing being frozen by rust to the barrel, the Defender and New Agent had extractors with ZERO ounces of tension! They spit cases in your face.
Each one a Thousand Dollar pistol.
Century Arms probably will buy the name.