The New Whalom Park Ownership Program and their shareholders are in the process of locating and purchasing a suitable site in central Massachusetts on which to plan, build, and manage an improved version of our beloved Whalom Park.
Local support is rapidly increasing and various special interest groups are already involved. Regular meetings are being held in the Fitchburg area. Shares are expected to sell quickly once the groundwork is finalised and this one-time only offering is made to the public.
We are pleased to present this FAQ (Frequently Asked Questions) for people in the community who are interested in purchasing shares in our for-profit company.
Q: How many shares are available?
A: The program is to sell three thousand ownership shares.
Q: How much does it cost to purchase a share?
A: The price will be announced when a price is set.
Q: How many shares can I buy?
A: A person can purchase more than one share. It still needs to be worked out what the maximum limit will be. The point is that no one person or developer would ever gain controlling interest, which is what essentially happened to the original Whalom Park.
Q: Will my share make any profit?
A: The share holders could receive a monetary return in the form of a dividend.
Q: What other reason is there for owning a share?
A: A person would technically own a piece of The New Whalom Park.
They could also include: voting rights on shares. People would have a say on mostly everything that goes on in the park. Each of the share holders could receive a season pass for one of more years.
Q: What happens when the initial sale of 3000 shares are sold out?
A: No further (new) shares will be created or offered. The ownership will be a fixed group of shareholders.
Q: Will I be able to transfer my shares?
A: It still needs to be worked out how transfer of a shareholder's shares would be accomplished; for example if someone wanted to pass his shares to his children.
IF YOU HAVE OTHER QUESTIONS ABOUT THE SHARES THAT WERE NOT ANSWERED IN THIS FAQ, PLEASE WRITE TO US
thank you for reading!
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