Q: When will I receive my preferred share
A: They’re on their way! I mailed the first batch out this week. Thankfully, I had quite a few to prepare!
Q: Now that the co-op has received a $298,000 grant, are we still selling preferred shares?
A. Absolutely. The more preferred shares we sell, and the more community investment notes we convert to preferred shares, the better our equity position. Because we will receive the grant at the ‘back-end’ — after we have completed construction — every little bit makes a difference in getting the store open quickly.
CSM Board President