Hope not that would suck

I can't confirm that Josh is gone. Mark, you know more than I do.

On oh so many levels...

Maybe I can offer some insight here to everyone.

New owners. This was a sale arranged by AMH's largest creditor (bank). They loaned multi-millions of dollars several years ago as a equity partner. Within the past two years purchased both factories in Sarasota and Crystal River with a lease back to AMH.

With the decling financial stabilty of the company the "bank" arranged/forced the sale to avoid total loss in bankrupcy court.

This is not a good thing. All furlowed employess have been told they are not going to be brought back.

It's true and it does

OK, who wants to spill the beans on what is really up at Donzi Marine. I'm seeing a lot of mysterious post on the forums like there is some kind of big secret about what is truly going on.

Carl,

I found out from my dock neighbor in Chattanooga that they had some issues with payments. That is no surprise considering the state of the industry.

I pulled the UCC's and bankruptcy detail and did not find anything interesting. My guess is that they structured a pre-petition deal which initiated the sale to the private equity group.

I dunno why everyone was so cryptic. If they did not want to tell, I think that they should keep their mouths shut.

So they have new ownership but have retained a bunch of the old management. They should still be able to build a good if not better boat.

Bill

You are going with your dock buddys story? The did not file bankruptcy. I was there last week picking up a boat and they have not filed per the company, and are building boats again, all SOLD orders. Rumors, ain't they great? People love bad news. Good guys work there and are killing themselves to keep things going, doubt if they need your dock buddy stirring the pot.

Fact: they had problems and got sold. That is public info.

My post never said that I pulled the records and found NOTHING.

Now I did say that they should be able to build a good boat.

That's not how I read ZXXX's post at all.

Yes I think Donzi can still be a player and I wish them the best, just don't know what the secrecy is all about.