I am almost done with the Re-nelli M4 PG conversion. Some notes:
M4 stock needs to be modified a little. It is pretty close but no cigar, not a simple plug and play. There is no way to remove the bolt from stock, I tried everything, red loctite, easy-out, even took to a machine shop. They could not do it. The bolt does not appear to be removable.
The correct solution is the Dremel tool - with the flex extension and the cutting kit. Just cut out all the insides minus the sling plate and the plastic tube that the bolt goes through. That should take an hour. Then the bolt and all the unneeded junk just falls out. I wish I had realized this before wasting much time with dead-ends.
Then just have to file in the PG area for the perfect fit. I got both 1.25" and 1.5" bolts, either one fits. 1/4x28.
A PG stock is what Remington should have included in the "tactical" 22" model, the M4 stock is the best mod one can make to the Versa Max. Ghost-loaded it holds 10 total, and the recoil is surprisingly light.