Next.  Nothing better than more lawyers getting involved.

https://www.businesswire.com/news/home/20240415843221/en/The-Law-Offices-of-Frank-R.-Cruz-Announces-Investigation-of-Malibu-Boats-Inc.-MBUU-on-Behalf-of-Investors

I have a 2003 Malibu Response LXi with a tower. My heavy-duty canvas cover finally needs to be replaced. Any recommendations for where to find one? Thanks!

I've been following this closely.  Not sure how much new info is here.  Grand Rapids TV station:

https://www.woodtv.com/news/kent-county/accused-of-defaulting-on-loans-tommys-boats-sues-boatmaker/

It was not that long ago that a record setting 5@41 helped by some R&D to the TXI along with a few other PB's at the Malibu Open, and now less than 6 months later we are seeing major storm clouds for the brand, sad.

40 minutes ago, shawndoggy said:

I’d think that the lenders will be seizing assets soon?  Fire sale of parts without lender consent is likely also a breach of loan covenants?  Maybe not the flooring line (lender probably just secured in the boats) but they almost certainly have an asset backed loan or line of credit that’s secured with all other assets, and even if they aren’t in default with that lender, a default on the flooring line is likely a technical cross default on a covenant. 

Correct, I am just waiting till the lenders / liquidator starts selling parts.