Performance Ag Group.. - Page 4 - The Combine Forum
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post #31 of 38 (permalink) Old 05-07-2019, 03:48 PM
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Originally Posted by radar View Post
Well,,some news, the owner Harold phoned me yesterday,said he's working" on still selling the assest to pay back us farmers" that trusted him with our prepay.....he said" he could declare bankruptcy but didn't want to do that" ..he wanted to sell and pay us back..he also told me" to go and buy more fert for this year"...What a kick in the teeth !!!!
Just what i was told.....and we wait. . . . . . . . . . . . . . . . . . . . . . . . WTF
Sounds like hes buying time...

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post #32 of 38 (permalink) Old 08-18-2019, 09:00 PM
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Common knowledge but for anybody following here, FCC has forced them into bankruptcy. Still some shells that Harold Zibell operates that are functional (supposedly). No word on money or assets. Bowra Group is handling it. Everybody wanting to submit a claim needs to contact Kristin or Devron there.

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post #33 of 38 (permalink) Old 08-18-2019, 11:16 PM
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Basically this guy will get away with stealing over 3 million I'm told. I know a few people that got burnt and it makes me sick. Small to medium sized operations and got took for 40000 plus, few 100000 or more. The fact that suppliers knew something was up and didn't say anything about it pisses me off, they let the little guy take the fall for them. And where the heck is FCC in all of this when they let inputs be sold to farmers accounts before the date on the contract and now holds them libel to pay? This whole episode just gives me the red arse and I didn't even get burnt myself.
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post #34 of 38 (permalink) Old 08-19-2019, 03:04 PM
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Sometimes you have to figure where the dude lives , and knock on the door at two am .
Do this several time a month , they tend to get nervous ��.
Sometimes they start paying bills
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post #35 of 38 (permalink) Old 08-19-2019, 04:46 PM Thread Starter
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Looks a creditor meeting set up for the 21st of Aug, Contact The Bowra Group
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post #36 of 38 (permalink) Old 09-16-2019, 08:58 PM
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News article here

This seems to be the latest I've seen on this issue. Not sure if farmers will get paid... FCC is working to try to get the money back.

https://www.producer.com/2019/09/ban...mers-in-lurch/

Last edited by Don Boles; 09-16-2019 at 09:06 PM. Reason: Link fix
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post #37 of 38 (permalink) Old 09-17-2019, 01:12 AM
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Yikes! I would say there was some criminal activity going on there.

It's easy enough to be pleasant, when life goes by like a song. But the man worth while, is the man with a smile, when everything goes dead wrong!
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post #38 of 38 (permalink) Old 10-04-2019, 05:24 PM
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I received a letter from the RCMP at Evansburg and Leduc saying they could not find evidence of criminal activity as Harold was trying to sell the business to a legitimate buyer.

Here are all the bankruptcy documents:
https://insolvencyinsider.ca/filing/...ance-ag-group/
They were losing money already back in 2016 based on the applications for bankruptcy.

I’ve also heard rumour that the former sales manager Mike Mueller is working in purchasing at Southland Coop near Saskatoon. Not sure how much truth there is to that though, I couldn’t find any solid evidence of that hearsay.
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