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East Kansas Agri-Energy, LLC (EKAE) has recently deregistered its membership units and is no longer subject to the periodic reporting requirements of the Securities Exchange Act of 1934. Because we are no longer required to make certain information publicly available that would otherwise be contained in the annual, quarterly and current reports, we are also restricted from operating a Qualified Matching Service for the purpose of providing our members with a forum to buy and sell EKAE membership units.
We recognize the membership’s desire to have an avenue to buy and sell membership units – to provide additional liquidity to their investment – and have recently partnered with Variable Investment Advisors, Inc. (VIA) to operate a Trading Service to facilitate the buying and selling of EKAE units among EKAE members and non-members.
Effective July 1, 2008 those wishing to sell or buy EKAE membership units will be required to register with Variable Investment Advisors, Inc. electronically at www.AgStockTrade.com or via telephone at (605)361-8230 or toll free at (800)859-3018.
This trading service will operate much the same as the QMS offered on the EKAE website – sellers can list units for sale and buyers can make offers – and VIA will coordinate the transaction. An escrow agent selected by VIA and EKAE will collect the monies and distribute the funds when the transaction is complete. The unit transfer will still need to be approved by the EKAE Board of Directors and comply with our operating agreement, securities laws and tax laws.
The East Kansas Agri-Energy, LLC Trading Operations Manual can be viewed on the EKAE website at www.EKAELLC.com on the Unit Trading tab, or will be mailed to you at your request.
Should you have any questions, please contact Diane Allen or Tom Leitnaker at the plant at (785) 448-2888 or by email at Diane.Allen@ekaellc.com or Tom.Leitnaker@ekaellc.com. |