TGR has always been tight on cash flow and would not have been able to make it through the summer without additional investment capital. Our existing investors do not wish to put in any more money, so a few weeks ago we decided to significantly cut our burn rate and put the company up for sale.
We're talking to several different companies about a possible sale. There is no front-runner yet. At this point, I think an asset sale is very unlikely.
TGR is still operating and will release this years ski/snowboard film Lost & Found, as well as keeping tetongravity.com (including the forum) operating. I'm confident that a rebuilt TGR will emerge from this process and continue to thrive in the future.
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