Mine doesn't have magnets in the holder, but it does have little springs on either side of where the bits sit, pushing in on them from both sides, which does a good job of keeping the bits in place. The springs sit toward the bottom of the holder, so that if you are trying to remove one of the bits, once you "pop" it a little bit out of place, it can be removed easily.
The one I gifted to a co-worker is living a hard,busy life. I'm pleased to see how it's held up under hard(albeit not JAfromMN hard) use. It's needed a little fettling,but Concidering how little it cost,you can forgive it a lot. I gave it a little service last weekend,had to tighten the knife pivot by a quarter turn. It wasn't unsafe,but was releasing the plier arm when you opened the knife. It also needed a couple of turns taken out of the plier release stud. This little ten pound cheapy has done far better than my Gerber Fit ever did!The point Al makes about it not being a full stand alone tool...Ben,the young lad using the spiderguppie ,hasn't realised there's other tools he might need. I wonder if were not looking for excuses to carry more kit?
Now that is interesting. Shows that there is definitely development being done on this tool, 'cos that cannot be a aftermarket mod.
You should see the dirty looks I get at Home Depot for checking the levels on the floor before buying one, or opening the fire extinguishers to check the gauges. Def
Don't know if the bit holder is supposed to open, but it looks like it should, and promptly broke.
My experience with this item is negative. Don't know if the bit holder is supposed to open, but it looks like it should, and promptly broke. The pliers lock is unreliable. The part of the wrench jaw that engages the thumb screw looks weak. An interesting tool, if only it was decently made.