This is the last reply I received today:
Rick,
I appreciate the effort you are making in trying to understand this process rather than just taking what you hear and running with it.
TenPoint purchased the rights to the name, some intellectual property (patents for example) and some machinery (tow motors, bow presses, etc). Those items are the other selected assets. We at no point were able to purchase parts or tooling to make parts. A liquidation company came in and gobbled that all up from the bank. With that said, even if we would have been able to purchase that part of the business, it would not have been a financially responsible thing to do for our company. There was no way for TenPoint to give any kind of warning that this was going to happen. The writing has been on the wall for quite some time now but nobody (except the former owners of Horton) could have possibly known the extent of their problems or exactly when they would fall. TenPoint is trying to do the best they can for everyone involved. The situation is unfortunate and TenPoint has NO obligation to do anything at all. No different than any other crossbow manufacture has no obligation to do anything. Yes we would like to have more customers (tell me what business wouldn’t). But we are not trying to leave everybody high and dry. So the Trade-In program is our way to help a little. This program is not going to be beneficial for everyone. This is geared more toward the guy who has a 10-20 year old bow that either no longer works or knows he will no longer be able to get parts in the future. Or the guy who was already in the market for a new bow anyway and this will give him a little something for making that at TenPoint. The items in the package may seem frivolous to some but again, we do not have to give anything at all. And folks need to keep in mind that these are items they will most likely be purchasing at some point anyway. Lube, Wax, Arrows, Free String and Cable changes for the future. You will definitely need to have string and cables changed at some point in the near future (2-3yrs) anyway.
I hope that I have been able to give you a better understanding and that you can confidently remain a loyal TenPoint customer. Please continue to ask questions if you have them or voice concerns if you have them. And please pass along my information to anyone who you feel could benefit from chatting with me or I if could benefit from chatting with them.