No, the thing you have to do are: find the M 16 which is can be able to transfer to private individule (they are some on the market) then get a transfer form form BATF & E, two finger print cards, two passport pictures and certified yourself the citzenship, take the form have sheriff sign approval then mail $200.00 and all the items above to NFA branch assdress at the top right of the form and wait fo 3-6 month to get approve.
In order to own a full auto weapon do you not have to have a dealer/collector or other license? I'm thinking so. I think you also have to have an FFL. Your info I believe is for SBR/silencer for semi auto weapons. I'm not totally up on all this stuff but I think that's the way it works.