| Market Capitalization (Millions $) |
153 |
| Shares
Outstanding (Millions) |
40 |
| Employees |
46 |
| Revenues (TTM) (Millions $) |
198 |
| Net Income (TTM) (Millions $) |
-3 |
| Cash Flow (TTM) (Millions $) |
-15 |
| Capital Exp. (TTM) (Millions $) |
4 |
Red Trail Energy Llc
On October 10, 2016, we satisfied the contingencies set forth in a Real Estate
Sales Agreement (the "Real Estate Sales Agreement") between the Company
and Bismarck Land Company, LLC. As a result of the satisfaction of the contingencies
in the Real Estate Sales Agreement, we closed on the purchase of approximately
338 acres of land that we will use for an expansion of the Companys rail yard.
In exchange for the purchased real estate, we agreed to issue to Bismarck Land
Company, LLC two million of our membership units. We also agreed to a Profit and
Cost Sharing Agreement with Bismarck Land Company, LLC that became effective with
the closing of the real estate purchase. The Profit and Cost Sharing Agreement
provides that we will share 70% of the net revenue generated by us from business
activities conducted on the purchased real estate which are brought to the Company
by Bismarck Land Company, LLC. This obligation will terminate ten years after
the real estate closing or after Bismarck Land Company, LLC receives $10 million
in proceeds from the agreement. In addition, we will pay Bismarck Land Company,
LLC 70% of any net proceeds received by us from the sale of the subject real estate
if a sale were to occur in the future, subject to the $10 million cap and the
10 year termination of this obligation.
Company Address: 3682 Highway 8 South Richardton 58652 ND
Company Phone Number: 974-3308 Stock Exchange / Ticker: REGX
| REGX is expected to report next financial results on December 28, 2023. |
|
|
0.84% 