MNVAP Shareholder Petition
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WHEREAS, Biomax LLC has offered to pay a value that would equate to $171.43 per share, based on 14,000 shares outstanding and an assumed $1,000,000 balance sheet inventory value, to Minnesota Valley Alfalfa Producers Cooperative (“MNVAP”) with MNVAP retaining all rights to the Fibrominn Settlement, current assets, and liabilities.
THEREFORE, we as shareholders of MNVAP, hereby petition our Board of Directors to cooperate with Biomax in verifying the terms of that offer and to submit that or any other offer to shareholder mail vote by Friday, December 21st, 2012.
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