The question is, do we trust them to actually achieve this? I'm on the fence for sure.
They just posted this via their Facebook account:
Thank you to each and every one of you that has supported us over the last 12 years. The party isn't over yet though as we have a big year still to come, with the TFSS 4.0 starting to ship next month and the TFSS 5.0 starting soon! At BotCon 2016 we will be revealing all six TFSS 5.0 figures, so stay tuned for that.
In regard to memberships, some quick follow ups. If you are a member as of March 16th, 2016 you will be able to purchase the TFSS 5.0. If your membership expires during the time period when the 4.0 or 5.0 are shipping, you STILL can pay the installments (if that is the option you selected) and you will receive all your figures as you normally would.
As far as concerns over auto renewals after March 16th. As we have said, we are not taking any new memberships after this date, so there are no auto renewals as there will be no memberships to renew.
Finally, back to the very first point. Thank you! Thousands upon thousands of you have supported the Club over the years and right now, as of today, the TCC is the strongest it has been in a few years! That is because of all of you! Those who enjoy what the TCC offers and enjoy what we do. You are an amazing fan base and thanks to all of you who continue to have an important impact on the hobby! You all are what makes this fun to do!
From the latest email looks like Funpub are closing their GI Joe club as well
Yeah Joe fans are really screwed. No mass market toys, no pending movie or cartoon, no club. Even the modern continuity Joe comic by IDW canned.
On the lookout for MISB Headmaster Highbrow, Takara or Hasbro. I'm sure I could make you a sweet deal!