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with Avalon Hill and then TSR for a buy-out, but neither was interested.

In 1982, SPI negotiated a promissory note loan of $400,000 from TSR that was secured by SPI's assets. SPI used the cash to pay their debts but less than two weeks later, TSR called in the note. SPI, with no cash available and no options to get the funds, were forced to hand the company over to TSR.

TSR

TSR immediately shut down Moves but continued to publish S&T, although it refused to honor current S&T subscriptions.

TSR published S&T

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