Mr. J. Tom Webb at the Special Committee on Cooperatives

On July 24th, 2012. See this statement in context.

July 24th, 2012 / 10:20 a.m.

Adjunct Professor, Sobey School of Business, Master of Management in Co-operatives and Credit Unions, Saint Mary's University

J. Tom Webb

Sure.

I sit on the board of a start-up co-op. It is called a “solidarity co-op”, where there are investor members, individual members, worker members, consumer members. It's a very interesting co-op. It's very high tech, and I can't invest in it because of the rule that you referred to. So it gets very difficult to finance that co-op from its worker members and its board members and its other members.

So you're right, and we can provide you with some examples.

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