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| There is a funding page that was something like this (I don't have it in front of me):
Sources of Funds:
Class A Preferred (4200 shares) - $4MM
Class C (100,000 shares) - $150MM
Bank Loans - $205MM
USDA Guaranteed Loans - $25MM
USDA Grants - $25MM
IA Grants - $12.5MM
The 190,000 shares of Class B are not paid in capital and are for the individuals services rendered up until this point.
It explicitly states that after the Class A preferred shares are paid back in full, all other classes are treated equally for dividends. So whether intentional or not, the Class B shares are extremely valuable and for more than just voting rights. | |
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Cattlemen's Heritage - Is this a scam investment?
