| Investors |
Badger State Ethanol, LLC is pleased to announce its association with Alerus Securities, a registered broker-dealer, for the purpose of trading BSE Capital Units of stock. The only stock currently available for purchase is through existing BSE shareholders. The Company does not anticipate issuing additional stock anytime in the near future.
Alerus Securities operates a website,
http://www.alerusagstock.com that posts available listings, recent sales and standing offers to purchase. Prospective sellers need to call Alerus Securities 1-800-279-3200, ext. 3402, and visit with a Registered Representative to prepare a Listing Agreement. Once the Listing Agreement is signed and returned to Alerus Securities, the 15-day waiting period begins. Prospective buyers need to call Alerus Securities and have them input their Standing Offer to Purchase (bid) on the website. Once a match is made, Alerus Securities will assist in all paperwork that needs to be signed by both the seller and buyer and make sure that it is completed in a timely manner. All funds for transfers are held in an accredited Escrow Agent account. Alerus
Securities will assist in the funds being
deposited into the Escrow account prior to the
transfer documents being delivered to Badger
State Ethanol for approval.
Capital units must be posted to the website
for a minimum of 15 days. After the 15-day
period, capital units will be matched with
eligible buyers. Transfer documents will be
sent out by Alerus Securities once a match is
made. Under this system, there is a 3% sellers'
fee charge, with a $250 minimum, that is reduced
from the sale proceeds. All trades will become
effective on the first day of the following
trimester. |
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