3 Biggest schemes
Altus Venture $126 million View
Scissortail $90 million View
Foxborough $300 million View
The financial shell games
About venture capital funding.
|
Venture capital (also known as VC or Venture) is a type of private equity capital typically provided to early-stage, high-potential, growth companies where the rewards are years out and carry a high risk. Venture capital is a special kind of funding to create a foundation for building the businesses that will replace today's diminishing industry and jobs. Oklahoma's venture tax credit program was intended to incentivize that venture capital funding needed by rewarding investors tax credits worth 20 to 30% of their at risk investment. |
MetaMarkets OK Investments
a subsidiary of MetaFund Corporation
| Total unidentified: is the part of the investments that the Oklahoma Tax Commission uses to hide the identities of those who invested the amount list. This is one of the many direct violations of Oklahoma's Taxpayer Transparency Act the Tax Commission refuses to abide by the law and no one is willing to challenge the Tax Commission | ||||
| Investor | Invested | Target Investment | Received | |
| 2006 Small Business CAPCO | ||||
| Total identified | $250,000 | Total unidentified | $0 | |
| BancFirst | $10,000,000 | Public Supply Company | $250,000 | |
| 2007 Rural Small Business CAPCO | ||||
| Total identified | $20,033,334 | Total unidentified | $28,300,116 | |
| MCH Investment Fund | $10,000,000 | Muskogee Community Hospital | $10,000,000 | |
| Patriot Golf Investment Fund | $2,993,334 | Patriot Golf Course | $2,993,334 | |
| ARCM Investment Fund | $1,995,000 | Advance Research Chemicals Manufacturing LLC | $1,995,000 | |
| IIP Development | $5,045,000 | Public Supply Company | $5,045,000 | |
| 2008 Rural Small Business CAPCO | ||||
| Total identified | $60,383,360 | Total unidentified | $72,113,640 | |
| Infinity Investment Fund | $1,278,000 | Infinity Metering Compnay, Inc | $1,278,000 | |
| OWL Investment Fund | $1,797,026 | Oklahoma Weslyan Library LLC | $1,797,026 | |
| Terra Investment Fund | $16,500,000 | Terra International (Oklahoma), Inc. | $27,183,334 | |
| Terra Investment Fund II | $10,683,334 | |||
| ARCM Investment Fund | $11,450,000 | Advance Research Chemicals & Mfg | $11,450,000 | |
| Darton Zink | $4,850,000 | Zeeco USA | $4,850,000 | |
| PG II Investment Fund | $7,825,000 | Patriot Golf Course | $7,825,000 | |
| MCH Investment Fund | $6,000,000 | Muskogee Community Hospital | $6,000,000 | |
| 2008 Small Business CAPCO | ||||
| Total identified | $1,000,000 | Total unidentified | $0 | |
| BANTCO | $1,000,000 | DoubleLife Corporation | $1,000,000 | |
| Note: All LLCs unless otherwise identified | ||||