Creditors Sue to Pu...
 

Creditors Sue to Push Tibbar into Chapter 7  

 

Alana33
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janeinstx
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September 1, 2016 8:34 am  

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


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singlefin
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September 1, 2016 9:07 am  

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


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OldTart
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September 1, 2016 9:23 am  

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


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Alana33
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September 1, 2016 10:44 am  

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.


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caribstx
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September 1, 2016 11:29 am  

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.


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Alana33
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September 1, 2016 11:41 am  

(tu) Agreed but they haven't.


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LiquidFluoride
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September 1, 2016 1:36 pm  

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.

There was a [URL="http://blogs.law.harvard.edu/abinazir/2011/06/15/what-are-chances-you-would-be-born/"]1: 400,000,000,000,000[/URL] chance of you being born: what have you done with your miraculous life today?


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Alana33
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September 1, 2016 1:41 pm  

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


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speee1dy
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September 1, 2016 2:26 pm  

WASNT there king grass by the divi hotel


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LiquidFluoride
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September 1, 2016 2:32 pm  

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

There was a [URL="http://blogs.law.harvard.edu/abinazir/2011/06/15/what-are-chances-you-would-be-born/"]1: 400,000,000,000,000[/URL] chance of you being born: what have you done with your miraculous life today?


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Alana33
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September 1, 2016 2:38 pm  

Are there still any?


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quirion
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September 1, 2016 3:06 pm  

One on south shore road was recently mowed down


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IslandHops
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September 1, 2016 3:57 pm  

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


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speee1dy
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September 1, 2016 4:41 pm  

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


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JohnnyU
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September 1, 2016 5:34 pm  

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


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sunshinefun
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September 2, 2016 11:57 am  

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.


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