Creditors Sue to Push Tibbar into Chapter 7

It says their plant is due to come on line in December. Where are they building it? Anyone know?

Their south shore properties on St Croix have looked abandoned for a long time now.

The three creditors are asking the court to put Tibbar into involuntary Chapter 7 bankruptcy, over a mere $236,763 in unpaid bills?

I'm sure to the creditors who are owed the thousands of dollars,it isn't a "mere" sum. They've probably been trying to collect their money for a long time before opting for this chapter 7 route.

Given the prior reputation of the principals of Tibbar, I find it unsurprising.

If they raised over a hundred million in capital, it shouldn't be a problem for Tibbar to pay off $250 thousand in debt. Peanuts.

(tu) Agreed but they haven't.

So, I guess I'm not getting that grass they offered us...

Oh well, we could of fed a lot of horses with that King grass, great protein content.

Have you seen where they're growing the king grass?
Are they actually growing it in great quantities?
It's been 3 years.

WASNT there king grass by the divi hotel

WASNT there king grass by the divi hotel

Yup, they had a few "test" fields..

I harvested from there several times (south shore location), the grass would reach 10'+ tall when they watered it

Are there still any?

One on south shore road was recently mowed down

If they want to stay out of bankruptcy they need to switch to a different kind of grass. 😎

i dont think its by the hotel anymore-i think they plowed the field again

Funny that anyone thought they could pull together $100MM in financing is hilarious

One on south shore road was recently mowed down

If you want some KIng Grass for your property, just go over to the South Shore lot and dig up a shovel full and replant it.