 | Red Trail Energy, LLC
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Red Trail Energy, LLC is a 50 million gallon ethanol plant located in Southwest North Dakota, near Richardton. Red Trail Energy began ethanol production in January of 2007.
Trading Requirements
Red Trail Energy, LLC has halted trading until further notice as it proceeds with the proposed reclassification of the company's membership units.
All offers to purchase and offers to sell must be communicated with a Registered Representative in person or telephone no later than 5 pm (CST) on any business day. The effective date is the first day a buyer can match an available listing. If there are multiple standing offers to purchase at or above the purchase on the day prior to the effective date, offers must be made by 3:30 pm. At that time each party with an offer at or above the listed price will have a one time opportunity to raise his or her offer.
Minimum Ownership - 1,000 Class A Membership Units
Minimum Sale Increments - 1,000 Class A Membership Units
Membership Requirement - $100 one-time fee for new owners.
Delivery Requirement - None
Utilize ATS/QMS standards for selling and buying membership units.
Continuous offers to sell (listings)
Trade Effective dates for Sales will be January 1, April 1, July 1 and October 1
15-day waiting period on all offers to sell (listings)
120-day total listing period
45-day period required before transfer can become effective
60-day sit-out period if listing does not sell
Board approval required on all transfers
The general company information along with the trade requirements and restrictions provided above are subject to change. Please contact Alerus Securities or visit the specific company's website to obtain the most up-to-date information.
Available Listings
Recent Sales
Standing Offers to Purchase |