So they operated like a startup, raising rounds of cash to get going... they’re saying they’re out of cash. “Suspending operations until we can raise more cash” ... have heard that a thousand times over in the software business where it is synonymous with done.official..... they are "suspending operationg"
Stay Safe. Stay Tuned.
We started Trust Performance in 2015 with a vision of building products that bring spirited outdoor athletes more fun and camaraderie. Our core focus from the outset was on reimagining and re-defining suspension technology; at first in mountain bikes with other industries thereafter. As you...trustperformance.com
1000 forks sold isn’t going to sustain the business. They were at the point of needing to raise more and they cannot. Maybe it comes back when this is all over. My impression is that it’s going to be a pretty slow recovery. Maybe 5 years down the line.