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POET Biorefining - Ashton


Trading Status: Active
Web Site: www.POET.com
SEC Filing(s): No
View Operations Manual
View Support Documents
POET Biorefining - Ashton Logo
Current Postings for PB-Asht (Class A)
Match History for PB-Asht (Class A)

POET Biorefining - Ashton, located in Ashton, IA, produces 56 million gallons of ethanol annually and is the 18th ethanol plant built by POET Design & Construction and the 12th plant to be managed by POET who began building ethanol plants in 1983. With cooperation of the many local leaders and in partnership with members of the agricultural community and the state political leadership, POET Biorefining - Ashton is excited to bring more value-added agriculture to the state of Iowa.

Ethanol production by POET Biorefining - Ashton consumes about 16 million bushels of corn from the region and provides not only an environmentally friendly fuel, but also a valuable high quality livestock feed for local, regional and national markets.

POET Biorefining - Ashton began full production in April 2004.

 

Unit Transfer Support Documents

»  Private Transfer Form
»  Trading Service Summary


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Matching Occurs Daily @ 5:00:00 PM Central Time
PB-Asht (Class A)
Share Type: Capital Unit View Sample Buyer's Contract
Share Class: Class A View Sample Seller's Contract
View Match History

Member Ownership & Trade Requirements 
  
•Minimum Ownership: 1 Unit 

•Minimum Sale or Purchase: 1 Unit 

•Incremental Sale or Purchase: 1 Unit 

•The Seller will be required to pay Variable Investment Advisors, Inc. a fee of two percent (2%) of the gross sales price or a minimum of fee per transaction being one hundred seventy-five ($175.00) dollars to be paid out of the Sellers proceeds at the time of closing. 

•The Buyer will be required to pay the POET plant a $200.00 transfer processing fee per transfer. For example, if a Buyer offers to buy 10 units and his offer is matched with 2 offers to sell 5 units each, then the Buyer would be required to pay 2 transfer processing fees of $200.00 (i.e. $400.00 in total). 

Match Effective Dates - Subject to the Company's Capital Units Transfer System, including all restrictions and conditions on transfer, matches will become effective: 
     ◦January, February and March Matches effective no sooner than April 1st 
     ◦April, May and June Matches effective no sooner that July 1st 
     ◦July, August and September Matches effective no sooner than October 1st 
     ◦October, November and December Matches effective no sooner than January 1st 

•Matches cannot result in a transfer to new owner prior to 45 days after the offer to sale has been posted. Offers to sell posted during the last 45 days of any quarter which are matched during that same quarter are not effective until the first day of the quarter following the next quarter.

All trades are subject to the terms and conditions of the Operating Agreement and the Capital Units Transfer System of POET Biorefining – Ashton (the “Company”), including the option to buy and option to redeem as more fully described below. As a result, there is no assurance that a fully executed sale will be made between a buyer and seller.

Option to Buy and Option to Redeem

     
o For a limited time after a match is made, the Company’s Class B Members shall have 
 an option to purchase the Capital Units for the same price and on the same terms and 
 conditions as any offer received by the Seller from the Buyer.

o For a limited time after a match is made, the Company shall have an option to redeem 
 the Capital Units, or any portion of the Capital Units not purchased by the Class B 
 Members, for the same price and on the same terms and conditions as any offer received 
 by the Seller from the Buyer. 


Offers to Buy Class A

Currently no Offers to Buy
Offers to Sell Class A

Currently no Offers to Sell
 
 
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