That's terrible to hear, does anybody know of any links or articles on the subject? TVR in my humble opinion is the most pure and dynamic british car make as far as sport and design goes. Too bad to see it not work out, and that only the profitable and market oriented survive.
However can't help but pipe dream about somebody else purchasing the company, keeping it on the same track, except making adjustments to cater to the possible market in the US. Seeing a Tuscan on US roads would be perhaps the coolest thing to happen to the automotive world in the US.