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Minnesota Energy Ethanol Common Stock Shares

Item number: 260239465067
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Minnesota Energy Ethanol Common Stock Shares
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Starting bid:US $15,000.00 
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Buy It Now price: US $20,000.00 
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End time:May-18-08 12:38:16 PDT (1 day 16 hours)
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Ships to:United States
Item location:Hutchinson, MN, United States
History:0 bids

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Starting time:May-11-08 12:38:16 PDT
Starting bid:US $15,000.00
Duration:7-day listing
Payment methods:
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Seller:photopropmaker( 189Feedback score is 100 to 499)
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Member:since Jan-12-99 in United States
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Description (revised)

Your are bidding on 5000 shares of Minnesota Energy Common Stock. Minnesota Energy produces 19 million gallons of Ethanol each year and is located in Buffalo Lake, MN. Approval of stock transfer will be made by Minnesota Energy after the sale.

Details from Minnesota Energy's website:

Delivery Periods 
Trimester 1 - 10/01/07 - 01/31/08
Trimester 2 - 02/01/08 - 05/31/08
Trimester 3 - 06/01/08 - 09/30/08
As in the past, shareholders will be required to deliver one third of their annual commitment each trimester.
Shareholders will have the entire 4 month trimester to full-fill their trimester commitment (either by delivery, buying, or enrolling in the auto-voucher program).
Delivery reminder notices will no longer be mailed to shareholders.
Shareholders Delivering Corn
Shareholders may begin delivering corn the 1st business day of the trimester.
Commitment must be delivered in full on or before the last business day of the trimester or late fees will apply.
Standard corn grading & drying fee schedules apply to all deliveries.
Loads will be graded individually.  Loads will not be averaged.
Shareholder must notify Business Office to transfer bushels from Open Store; Bushels will not automatically be transferred at the beginning of each trimester.
Shareholders will be charged storage on all bushels on Open Store.
No payments will be issued until full trimester commitment is received / purchased in full.
Payments will be mailed within 10 business days upon receipt of final load completing trimester commitment.
Shareholders Purchasing Corn - Voucher
Shareholder may begin purchasing their corn the 1st business day of the trimester.
Final purchase should be made by the 15th of the last month of the trimester (Jan 15, May 15, Sept 15).
Shareholders may break-up their corn purchases throughout the trimester.
Incremental purchases must be a minimum of 500 bushels or 10% of trimester commitment, whichever is greater.
Shareholder voucher purchases may be completed and authorized through our Buffalo Lake office in person or over the phone.
Price equals Buffalo Lake board price plus $.03.
When final voucher for trimester commitment is authorized, MNE will apply MNE trimester corn payment to account and issue a statement within 10 business days.
If there is a balance due to the shareholder, a check will be issued and included with statement.
If there is a balance due to MNE, payment in full must be received on or before the last business day of trimester or late fees will apply.
No payments will be issued until full trimester commitment is purchased / received in full.
Annual Auto-Voucher Program
Each year, enrollment forms must be completed before the beginning of the fiscal year (October 1).
Enrollment in this program is an annual commitment for a shareholder's entire Minnesota Energy delivery requirement (total shares owned).
Shareholders must enroll all of their ownership into the Auto-Voucher Program.  
Completed forms must be received in the Buffalo Lake business office by Oct 1st;