the flaps do not retract When closing the convertable top, i have to manually hold the flaps back to close the top, what should i look for?

 

The flaps are spring loaded to fold in when you put the top UP, and forced to extend by the cables when you put the top DOWN.
If they aren't folding in, then there is a bind in the flap swivel point or the cable.
The cables are very hard to lubricate, you can try drizzling some lubricant in and let gravity do the trick, or you can completely remove the cables and soak them overnight in lubricant.
Consult your local motorcycle / bicycle shop, they might have some better tips on cable lubrication.

Here's a good solution :
http://www.jpcycles.com/product/9100...FQYoaQodoqEAXg

 

If it's the cables, try this,....

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I've been using it in my cables for years.