What is this

Found in the bottom of a box of tools.
Squeezing the spring loaded handle moves the blade looking thing on top.
I call it a blade but it is not sharp. Front face is 90 degrees to the side.
Any idea what it is.
 

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Found in the bottom of a box of tools.
Squeezing the spring loaded handle moves the blade looking thing on top.
I call it a blade but it is not sharp. Front face is 90 degrees to the side.
Any idea what it is.
It's a poor excuse for a tin snip. I've had one in my tool box for years & have no idea why I keep the darn thing.
 
Bernzcutter. Used for nibbling formica.I have one my dad had in his formica toolbox for probably 50 years.I don't think I ever saw one marked metal though.
 
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