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. 
 

On the ski side, Tgas appears to be the only Malibu sponsored athlete at present.  His ski school in Italy probably has a bearing on staying with Malibu given the assets tied up with the school. 

Add the cord cutting with Malibu's hard working 3 event manager Dennis Kelly, who did a ton for the program, to the current travails happening with Malibu and one has a big bowl of not good going down.  Sad to see this chapter unfold in the company founded by Bob Alkema.

8 minutes ago, bcoppess23 said:

Is this setting up the recipe for other athletes to start switching brands with everything happening with Tommy's??

Cassidy Gale is sponsored by both Tommy's and Malibu.

Is this setting up the recipe for other athletes to start switching brands with everything happening with Tommy's??