The final press release from Craig Pollack, former Race Face CEO and managing partner was just released.
"The reasons for the receivership are complex but basically the company recently got offside on its borrowing base with the bank."
Raceface Official Press Release
So sad.
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c4race.com
It's a bad time to owe money.
Sad news, but let's hope that a positive outcome will follow.
Whether you like their stuff or not, it is a sad outcome. I find it hard to imagine that some entity won't pick it up. The name is instantly recognized in the bike world and in a good way.
Debate? Bikes are made for riding not pushing.
:crybaby:
I really, really hope that a company that is decent and "honest" to the sport will pick it up again, so that nothing like the Schwinn fiasco will happen.
"You don't learn from experience. You learn from reflecting on the experience."
- Kristen Ulmer
seen at the taipei bike show sheds tear:
:crybaby::crybaby::crybaby:
That is one sad photo right there…when I was a nine year old drawing dream bikes, I always made sure they were all spec'd with Turbine LP's.
- bike sexual
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