While I'm certain it was terrifying Nadia, I haven't seen anything to indicate that this particular thread involves and boat problem. It looks like they hit a wave or two, took on water, and sunk. I've not read anything that indicates this is a Cobalt problem, or any particular boat design problem.
I would think the comments about such things should either be qualified, or in a different thread altogether. I read the comments re:design and failure. It's like linking an auto accident where a Ford Explorer hits a tree to the old Firestone tire problems.
Feel free to add anything that may enlighten me here.
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