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Buying & Selling GLCP Stock
The Glacial Lakes Corn Processors ("GLCP") Share trading will resume effective July 1, 2007. If you are interested in buying and/or selling shares, please visit www.AgshareTrade.com or contact them at 1-800-859-3018. GLCP share is available on the middle of this page --- look for the box that says "Buying & Selling share" |
Interested in Buying or
Selling shares?
GLCP uses a third party,
Variable Investments (aka AgStockTrade) located in
Sioux Falls , SD to handle the transaction of shares.
GLCP trades shares on an independent basis
as outlined below. Log
on to
www.AgStockTrade.com
or call them at
1-800-859-3018 or 605-361-8230 |
Related Party Transfers will be handled
on an individual basis by the GLCP office.
Important Notices to Investors
- Dividends will be paid to the share holder of record per the board of directors discretion. The amount and date of distribution are determined by the GLCP Board.
- Shares purchased and/ or sold may carry retained earnings that are eligible for payout at the discretion of the Board. Retain age on shares sold will transfer to the new owner of record.
- Non-Members will be required to pay a one-time non refundable Membership Fee to become a member of GLCP. Membership cost is $250.00 per membership.
- Each GLCP Member is required to sign a Uniform Marketing & Delivery Agreement (UMDA) upon subscription for Common share. The UMDA is intended to protect GLCP interests by insuring an adequate supply of corn for the plant. Members will be required to deliver one or more bushels of corn each year for each share of common share held by the member. Currently the corn commitment is 0 .1 bushel of corn equals one share. The GLCP Board will establish the corn call of share bushels annually.
- GLCP has an open delivery system for corn which runs concurrent with their Fiscal Year (September 1, 2006 to August 31, 2007).
- Members may opt out of delivery of corn by paying a pool fee of $0.01 per bushel.
- Upon confirmation of sale of shares, remaining corn commitment associated with these shares this Fiscal Year (September 1, 2006 to August 31, 2007) will be assessed a pool fee of $0.01 per bushel on non-delivered committed bushels before the sale is finalized. The Buyer will have no corn obligation until the beginning of the next Fiscal Year (September 1, 2007 to August 31, 2008).
- As
a price incentive for members, GLCP has established a freight
schedule for actual deliveries of share bushels as stated in
the GLCP Offering Circular.
- For
more details or to request a GLCP Offering Circular that details
the above items and more please contact the GLCP office at 605-882-8480
or by E-mail.
- Related
Party Transfers will be handled on an individual basis by the
GLCP office.
Member Share Ownership & Trade Requirements
- Minimum Ownership: 2,500 Shares
- Minimum Sale or Purchase: 2,500 Shares
- Incremental Sale or Purchase: 2,500 Shares
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