BIG NEWS! MAG Group Files For Bankruptcy

[DK Custom Products]

One former sponsor I spoke with a few days ago who is deep with a huge MAG company would only say that "they are working on cleaning up their account". That is saying a lot without saying a lot. Everyone I have spoke to in the industry is trying to be optomistic and are being told from their MAG reps that "everything is fine, this doesn't effect us." There sure are a lot of phone calls amongst one another looking for encouragement. One cannot help but to be nervous. Im theorizing that if you are a really big company or a really small company, as a creditor, you might be screwed. A billion dollar nut will be hard to crack.

Pretty much guaranteed.

You know this, but a lot of folks don't realize that the motorcycle parts industry works on very thin margins compared to a lot of other industries...not getting paid will hurt some companies past what they can absorb.

Kevin

 

[MikeyTX]

Look at the list again...it's there, third from the bottom.

Kevin

Yah, I see it now. Originally on my phone inside a warehouse. Not such great lighting.:gah: