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Permalink Reply by TM on December 15, 2013 at 11:22am

Here is another article

http://newsok.com/partnership-managed-by-mcclendon-sets-out-2-billi...

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Permalink Reply by paleface on December 15, 2013 at 12:13pm

 Did the article say they were buying the propertys and they would manage them and you buy shares.There's red flags all over that.Who's name is the property in,who pays the tax's on the property and insurance.

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Permalink Reply by TM on December 15, 2013 at 12:37pm

The units will not be traded on an exchange. The business plans that within 5 to 7 years after its launch they can then sell itself and distribute the proceeds or list themselves on the national stock exchange. From what I read they are offering units to investors and not shares. They are offering a 6% yield on the $20 units which seems like a really high payout ratio to me. It does look like a high risk to me.

The filing was made under the 2012 Jumpstart Our Business Start Ups Job Act which allows businesses to raise money with reduced reporting requirements.

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Permalink Reply by searcherone on December 15, 2013 at 2:13pm

There was also a minimum amount to purchase.   Sounded risky to me, and like a company trying to launch itself into the drilling arena.  Hope all those leased with Aubrey will eventually do well.

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Permalink Reply by TM on December 15, 2013 at 2:49pm

Yeah they are selling blocks of no less than 250 units and for investors with a net worth of $330,000 or more.

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Permalink Reply by searcherone on December 18, 2013 at 3:02pm

Read the criticism of the "blind pool" investment vehicle McClendon is putting together.

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/mcclen...

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