I will probably have to preface any story about bond issues at Harvest Prep/SEED Academy with this disclaimer: bonds are not one of my areas of knowledge. But there is a story here, (the Star Tribune thinks there is a story, also) and even without expertise in bonds I know that sentences like "The Borrower has previously committed monetary and other defaults on several monetary obligations..." are worrisome.
So I will throw the relevant documents out in the world for public scrutiny and I will highlight what I see as worrisome sections of the documents.
Click here for extensive document on the Harvest Prep bonds.
According to a regular reader of mine who knows a little something about bonds, the following...
