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Buy or Sell Stock AgStockTrade.com Related Party Transfers Share Trading History

 

When can i buy/sell stock?

Trading Service Summary
The following is a summary of the basic provisions of a trading service for members and non-members of Glacial Lakes Corn Processors (GLCP) to buy and sell shares of GLCP. This is not a complete description of all the material aspects of the trading service. You should read the entire Operating Manual carefully before buying or selling GLCP shares on the Trading Service at www.AgStockTrade.com.

  • GLCP has engaged Variable Investment Advisors, Inc. (VIA) to operate a Trading Service for GLCP shares.

  • To trade GLCP shares you must be registered on the Trading Service.

  • Registration and trading may be done by contacting VIA by telephone at (605) 361-8230 or toll-free at (800) 859-3018, or on VIA’s Web site at www.AgStockTrade.com.

  • To buy or sell shares, you must indicate the price and number of shares you desire to buy or sell. All offers must be in increments of 2,500 shares. All posted offers to sell and offers to buy are non-firm and non-binding until a match has been made or a sale is acknowledged in writing.

  • The offer to sell or asking period runs continuously throughout the year.

  • The offer to buy or bidding period runs continuously throughout the year.

  • An offer to sell will be matched with an offer to buy; provided, however, the offer to sell cannot be matched unless it has been posted for at least 15 days. Once an offer to sell is matched with an offer to buy, a Sale Confirmation and Contract will be sent to the Buyer and Seller.

  • Buyer must sign and return to the Transfer Agent within 7 days of the match the Sale Confirmation and Contract and the full purchase price.

  • Seller must sign and return to the Transfer Agent within 7 days of the match the Sale Confirmation and Contract, or the sale will be voided.

  • Following the approval of a sale by the Board of Directors, the Escrow Agent will disburse to Seller the net sale proceeds, less retention of a 2% escrow and commission fee (minimum $150.00).

  • There is a 2,500 share minimum ownership requirement.

  • Offers to sell that have not been matched within 120 days after being posted will be removed from the Trading Service. A Seller whose offer to sell has received no matching bids within this 120-day period will be subject to a 60-day waiting period before any new offer to sell is posted to the Trading Service.

  • Offers to buy will remain on the Trading Service until matched, expiration or removal by Buyer.