Minnesota Soybean Processors Preferred Stock Bulletin Board

This bulletin board site is for posting your interest in buying or selling shares of Minnesota Soybean Processors’ preferred stock.  If you are interested in posting your interest to buy or sell shares of preferred stock, please contact Minnesota Soybean Processors at (507) 842-6677 or email stocksale@mnsoy.com.  By contacting us to post your interest to buy or sell MnSP stock, you are consenting to the posting of your information on the bulletin board in accordance with the posting rules of the bulletin board and you agree to abide by such rules. If you are interested in responding to a posting on the bulletin board, please utilize the contact information provided to contact the individual who posted the interest.  Postings have a date reflecting when they were posted.  All postings over four months old will be removed without notice.  Minnesota Soybean Processors does not participate in any trading of Minnesota Soybean Processors capital stock; however, because Minnesota Soybean Processors acts as transfer agent and our board of directors must approve all stock transfers, you will be required to provide us with some information so that appropriate review of the transfer can be made and record changes can be made.  Once you contact us about consummating a transaction, you will be asked to provide the appropriate information.

Posting Rules:

• The buyer and/or seller cannot enter into a binding agreement to sell the preferred stock until the 15th day after his/her/its interest is listed.
• The seller’s information will be removed within 120 days of its listing, and cannot be reentered into the bulletin board for at least 60 days after its deletion. 
• All transactions consummated using the Bulletin Board must otherwise comply with the MnSP Stock Transfer Policy. 
• MnSP will report the purchase price per share and number of shares purchased on all transactions consummated using the Bulletin Board. We will also report the purchase price and number of shares purchased in private sale transactions. Names of the parties to the transactions will NOT be reported.  
• Posting of an interest to sell or an interest to buy does not represent a firm offer to sell or offer to buy. 
• “Two-sided quotes” in which a person (either directly or indirectly through affiliates or agents) indicates a bid to buy at one price and an offer to sell at another price are prohibited.
• Multiple postings by the same person at the same time are prohibited.  Persons may only have a single posting at any one time. 
• MnSP is under no obligation to conduct any due diligence or investigation into persons posting an interest on the Bulletin Board. 
• MnSP may deny posting by any person for any reason in its discretion. 

On April 21, 2010, our board of directors approved one sale of Class A shares with a sale price of $1.50 per share.

On September 16, 2009, our board of directors approved one sale of Class A shares with a sale price of $1.70 per share.

On June 17, 2009, our board of directors approved one sale of Class B shares with a sale price of $2.10 per share.

On May 15, 2008, our board of directors approved share sale(s) at the following purchase price(s): with purchase prices from $2.25 to $2.42 with an average price of $2.31.

On July 16, 2008 our board of directors approved 1 sale of 3,000 shares at $2.25 for an average price of $2.25.

On August 16, 2008, our board of directors approved 4 sales with an average sale price of $2.39. The high sale was for $2.42, and the low sale was for $2.31 per share.

Current Sell Offers
If you are interested in buying shares of preferred stock from the list below, contact the seller directly.  Upon completion of the transaction, the seller should forward the necessary paperwork to the Minnesota Soybean Processors home office for review and approval. 

PLEASE NOTE:  Class A shares are the delivery stock of MnSP and entitle the holder to participate in the patronage earnings of MnSP in accordance with MnSP’s Articles and Bylaws by delivering soybeans to MnSP on an annual basis.  Class B shares are non-delivery shares that afford the holder 8% non-cumulative preferred stock dividend rights, subject to MnSP’s Articles and Bylaws and the Certificate of Designation under which the Series 2004 class B shares were authorized and issued.  The class B shares are also subject to certain redemption rights beginning September 1, 2009, and carry certain conversion rights into class A shares beginning September 1, 2007.  Persons interested in buying or selling shares of preferred stock are strongly encouraged to request and review carefully MnSP’s Articles of Incorporation, Bylaws, Uniform Marketing and Delivery Agreement, and the Certificate of Designation for the Series 2004 class B shares before agreeing to buy or sell shares.  You should consult with your own advisors as to the legal, tax, and economic considerations of buying or selling shares. 

Current Buy Offers
If you are interested in selling shares of preferred stock to the individuals listed below, you should contact the buyer directly.  Upon completion of the transaction, the seller should forward the necessary paperwork to the Minnesota Soybean Processors home office for review and approval.

Minnesota Soybean Processors is not a registered national securities exchange, securities information processor, broker, dealer or investment advisor.  The information set forth on the system does not consist of firm quotes, but rather is merely a list of the names, addresses, and telephone numbers of interested sellers and buyers, the number of shares of preferred stock or rights offered or desired to be purchased, and the price at which the proposed transaction would occur.  Minnesota Soybean Processors does not assure that any particular transaction will occur as to any particular number of capital stock or at any particular price.  All transactions between members must be executed by the members independently of Minnesota Soybean Processors or any of its affiliates.  All applicable state and federal securities laws (including the anti-fraud and anti-manipulation provisions) apply to any offer made or transaction consummated using the system.  Any person who is a broker-dealer, an associated person of a broker-dealer, or who has a state securities license is responsible for identifying that fact.  ‘Two-sided quotes,’ in which a person indicates a bid to buy at one price and an offer to sell at another price are prohibited.  The registration requirements of the federal securities laws apply to all offers and sales through the system, absent an available exemption.