HORSEPLOP.COM
General Category => Harness Racing => Topic started by: JENNY FROM THE BLOCK on June 02, 2024, 12:13:22 AM
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McGinnis has 28 2 yr Olds into qualify on the day of the lord.
Scott Z flying in for the occasion.
They will also have church service in the paddock for all the shareholders to pray they don't lose all their money to training bills and fees.
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Now that I can agree with you! ngc3 ngc3 ngc3 ngc3
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They must have high hopes for a couple if Scotty Z flew in from the for it. Other than his travel, what would a The Stable have to pay for that?
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the day of the lord.
ngc3 ngc3 ngc3 ngc3 ngc3 ngc3 ngc3
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How is the invoice gonna look?
Let's say Scott Z fights are $500 round trip for hypothetical purpose.
Services of Zeron- $1 per share. 5 drives= 500 shares
Or
Services of Zeron- $100 per share. 5 drives = 500 shares
Or
Services of Zeron-$500 per share. 5 drives = 500 shares
A lot of mouths to feed on the day of the lord.
What will investors see?
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If anyone thinks that Amac is paying for Zeron or the breakfast you are sadly mistaken. If Amac sneezes and buys a box of Kleenex the cost is divided among the owners. Amac pays for nothing probably including the Starbucks he drinks. Zeron is definitely getting paid to come in and drive. I heard they started with 80 horses at Northfield and are down to 53. Hard for me to believe that Northfield shills for this operation.
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I guess if you tell people they are donating there money for entertainment it's ok?
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The greatest con game in Harness Racing ever and I have seen a few. Anthony can't drive bust out trainer, but he has a great Ponzi scheme going. No one knows who owns shares or how many. Inflated bills mismanagement of horses. When is the SEC going to investigate for securities fraud. How do we shut this guy down.
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Probably paid for his parents flying in from PEI as his father will be providing commentary
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Probably paid for his parents flying in from PEI as his father will be providing commentary
Probably??? Is the Pope Catholic..probabl y. The whole shit show costs Amac ZERO. Think about it if you did not show up you helped pay for someone else breakfast.
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I'm jealous I didn't come up with it first. He is laughing all the way to the bank. Probably shocked there are that many pigeons out there.
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INVOICE LINE ITEMS
IT RAINED TODAY. IT WAS MUDDY.
BATHING-
$75 SOAP COST.
$150 PER MAN HOUR
RACE BIKE/JOG CART WASHING
$150 PER MAN HOUR
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I'm jealous I didn't come up with it first. He is laughing all the way to the bank. Probably shocked there are that many pigeons out there.
Ya and he got people involved in the "sport" that wouldn't normally. What a fucking asshole.
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Never said he was an asshole. I said it's genius! But yes, I think the investors are pigeons. But it's their money so what do I care.
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Went to one of McDonalds's seminars. He clearly stated that buying shares will not guarantee you profits. He says going in that buying shares IS FOR YOUR ENTERTAINMENT. You can buy 1 share or hundreds of shares.
I can tell you it's a lot cheaper than buying a boat or joining a country club or even going out drinking every night
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Bernie Madoff used to tell his partners the same thing, ITS ENTERTAINMENT!
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Went to one of McDonalds's seminars. He clearly stated that buying shares will not guarantee you profits. He says going in that buying shares IS FOR YOUR ENTERTAINMENT. You can buy 1 share or hundreds of shares.
I can tell you it's a lot cheaper than buying a boat or joining a country club or even going out drinking every night
Here is what he really means...buying shares will not guarantee you profits but it sure does guarantee me getting rich off you sheep.
Buying shares is for your entertainment but more important it lets me and my family live for free and if I can scam you all for 2-3 more years I am set for life.
Someone should ask that since in your words it costs about $40K per year per horse in the Stable.Ca what percentage of horses have made $40K per year. Also have you noticed that no matter what % of a horse you own you are not allowed to know who the other owners are. That's because he can swat away 1 bee at a time but could never handle a swarm.
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And I'm sure he charges different people different amounts.
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just a few things of note
1. amac and family should own shares or a franchise in starbucks, them drinks they all have are expensive
2. buyer beware
3.to each their own
4. a fool and his money are soon separated
5. and yes everything is a business write off, people should check their bills always
6. don't confuse him with bernie madoff, that is incorrect, amac does not guarantee a profit, madoff certainly did , and came through until the new funds stopped coming in
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Here is what he really means...buying shares will not guarantee you profits but it sure does guarantee me getting rich off you sheep.
Buying shares is for your entertainment but more important it lets me and my family live for free and if I can scam you all for 2-3 more years I am set for life.
Someone should ask that since in your words it costs about $40K per year per horse in the Stable.Ca what percentage of horses have made $40K per year. Also have you noticed that no matter what % of a horse you own you are not allowed to know who the other owners are. That's because he can swat away 1 bee at a time but could never handle a swarm.
I agree to a point but let's be real he still puts in the work and employs lots of people. His horses look well taken care of and his training is consistent and good. Qualifiers looked great this morning those horses looked so well prepared. He appears to be open and honest I have never seen a bill of his so I won't comment on that.
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Ya and he got people involved in the "sport" that wouldn't normally. What a fucking asshole.
He could have done it without gouging them. Then those new owners would be more likely to stick around.
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Bernie Madoff used to tell his partners the same thing, ITS ENTERTAINMENT!
I did.
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So he trains some and subcontracts most out correct? But he bills all owners. And pays bills to his subs. Of course they are inflated.
So say McGinnis charges 50 a day plus expenses.
Amac probably charges 75 to a 100 a day plus expenses and tack some on for the big guy.
I think its super shady no one can have contact with other shareholders.
Are shareholders allowed to talk to McGinnis or twaddle. Etc?
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Also if he buys one for 125k he sells to shareholders for more than that.
Or think about if they sell one. He says they sold it for 30k but really they sold it for 50k
See.s shady.
There are mo checks and balances. You just have to take his word it seems.
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He does really well with these high priced young horses in the non winners races. Man imagined if he had some gas.
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Also if he buys one for 125k he sells to shareholders for more than that.
Or think about if they sell one. He says they sold it for 30k but really they sold it for 50k
See.s shady.
There are mo checks and balances. You just have to take his word it seems.
He has done that on 2 occasions I know of and 1 was with a partner of mine. He bought the horse for 9K, Amac told the owners he was sold for $6K. No one knew about this until one of the original owners contacted my partner to see if he could buy in as the original owner thought the horse was a steal for $6K. Imagine what he thought when he was told the real sale price and my partner had the check to prove it.
Also look into High Gear No Fear. Sold to partners for $60K...sweet deal between Amac and one of his best friends whose name escapes me now.
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Did the share holder confront amac? I'd like to know what he said. That's why nobody is allowed to talk to one another
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1 beat 2 min
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Did the share holder confront amac? I'd like to know what he said. That's why nobody is allowed to talk to one another
the answer was that the office must have confused it with another horse so he would straighten it out. Problem is my partner personally handed Amac the check
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I WOULD CONSIDER FRACTIONAL OWNERSHIP A SECURIT HERE IN US. NOT SURE ABOUT CANADA. THE SEC IS ADAMENT ON THIS. I WOULD EXPECT THESE FOLKS TO HAVE GOOD COUNSEL AS THEY ADVERTISE, TAKE TOTAL CONTROL, BUY AND SELL AS A SECURITY. TRUTHFULLY, I M NOT SURE HOW THIS IS NOT A SECURITY.
ALL IT TAKES IN ONE COMPLAINT TO THE SEC AND THEY WILL INVESTIGATE THE ENTIRE ORGANIZATION.
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I WOULD CONSIDER FRACTIONAL OWNERSHIP A SECURIT HERE IN US. NOT SURE ABOUT CANADA. THE SEC IS ADAMENT ON THIS. I WOULD EXPECT THESE FOLKS TO HAVE GOOD COUNSEL AS THEY ADVERTISE, TAKE TOTAL CONTROL, BUY AND SELL AS A SECURITY. TRUTHFULLY, I M NOT SURE HOW THIS IS NOT A SECURITY.
ALL IT TAKES IN ONE COMPLAINT TO THE SEC AND THEY WILL INVESTIGATE THE ENTIRE ORGANIZATION.
i would have to agree with you 100% because him buying and selling is acting like a broker / dealer in the securities industry and he would need to be licensed. The fact there is not any transparency raises the question of legality. i would love to see the accounting and bank accounts. doesn't a "broker / dealer" need to have funds to cover liquidation at all times? You can't take money for stock and not be able to redeem the stock upon cash out.
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Apparently the new house in the Cleveland area is quite the spot.
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DEFINITION OF A SECURITY IS A "FINANCIAL ASSET THAT CAN BE TRADED." IN ESSENCE THIS IS A FINANCIAL ASSET AND IT NOW HAS LIQUIDITY. ADDITIONALLY THE COMPANY MUST OFFER MANAGEMENT INPUT TO THE INVESTORS OR IT IS ALSO DEEMED A SECURITY REGUATED BY THE SEC. TRUTHFULLY, THIS IS A HUGE CAN OF WORMS IF IN FACT IT IS REPORTED TO THE SEC. THEY WILL INVESTIGATE ANY COMPLAINT.
THERE MUST BE REGULATION OF ALL SECURITIES IN THE US. PERIOD.
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It's only going to take one partners feeling getting hurt when he get invoiced for a few thousand.
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the answer was that the office must have confused it with another horse so he would straighten it out. Problem is my partner personally handed Amac the check
Did your friend go to the proper authorities? Or just walk away and let others suffer. Seems if he actually had a copy of the check the authorities would look into it. Especially with how many people are involved now. If not the authorities there are plenty of lawyers in the US that would take a class action suit for a small percentage
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Go to the authorities about what. Amac got caught with his hand in the cookie jar but made it right. Nobody suffered that I know of as Amac evidently straightened it out. Keep in mind my friend had nothing to do with anything other than buy the horse..he was not one of the investors.
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THE HORSES BOUGHT AND SOLD TO THE PARTNERSHIP AS WELL AS ALL FEES MUST BE INVOICED AND PAID AS AGREED. THERE CANNOT BE A CHARGE UP WITHOUT PROPER NOTICE TO THE PARTNERS AND THE INVESTORS. ADDITIONALLY THE INVESTOR LIST MUST BE PUBLISHED AND SUPPLIED TO THE SEC. AS I HAVE STATED MANY TIMES THIS SCREAMS SECURITY TO ME
IF THESE FOLKS ARE SELF DEALING AND SELLING AND BUYING HORSE AND MISREPRESENTING PRICES OF PURCHASES AND SALES THAT IS IN FACT FRAUD. THIS WOULD BE AN FBI ISSUE THESE FOLKS DEAL ACROSS MANY STATE AND INTERNATIONAL LINES. ANY REPORTS TO THE FBI THAT ARE SUPPORTED BY EVIDENCE WOULD CREATE AN OPINON AFTER THE INVESTIGATION BY THE FEDS.
DO NOT KNOW THESE FOLKS BUT I WOULD GUESS THEY HAVE GREAT COUNSEL TO LEAD THEM THRU THIS REGULATORY NIGHTMARE.
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What pissed me off when the Stable billing came out and had “miscellaneous charges” on the bill anywhere from $1 to $20. His clients were paying for his family’s rented house in Ohio. I then got out as I knew I and all his clients were paying for his rented house in Ohio. Easy to do when he had over 2000 clients at the time. Spreading his rented house payment amongst all his clients. No doubt paying for electricity, water, trash, etc. He didn’t think we knew. We knew.
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Why do horsemen hate to see any one do good how many people make money racing horses any way with any outfit least with him you can have a little fun and not cost a lot .
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Why do horsemen hate to see any one do good how many people make money racing horses any way with any outfit least with him you can have a little fun and not cost a lot .
Let me and try and make it real simple for you why people are getting ripped off by Amac. When you take a shit are there people that pay you for the toilet paper...Amac does. Enough said
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Name one one outfit that doesn't charge please your stupid.
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I have been in harness racing for almost 50 years and I do not know of one trainer that charges for a complete lifestyle. You name me one that does. I worked all my life and no one, not one paid for my house, car, food, etc. If you think what Amac does is standard practice then harness racing is far worse off than even what I think.
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Owners pay the bill what you do with the money is up to you please stop this bull shit why the hate.
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You have it backwards which is no surprise...owners pay the bill AFTER they are sent the bill and after Amac adds in all his "miscellaneous" charges. There is no hate as I love harness racing and hate to see people get taken as its hard enough to either break even or make a little $$.
I did notice that you failed to mention another trainer that bills for his complete lifestyle. As far as what I say is bullshit I must have hit a nerve but the facts are the facts.
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There is none you jerk.
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If your a 1 to 2% owner The Stable is probably the simplest way to enjoy the thrill of ownership without expecting a profit.. Your invoices will be inflated with Amac's family's living and travelling expenses, but your additional dollar outlay should be fairly minimal. Whereas if you want to be a serious owner of 10 % and up and your goal is profitably stay away from the Stable and try find an honest trainer. Most well known Ohio trainers I've dealt with are. Your odds of breaking even are still very small but at least your expenses won't be padded.
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There is none you jerk.
Name calling but no facts speaks volumes about your intelligent and as I will repeat there is one who has their total lifestyle paid by owners
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If your a 1 to 2% owner The Stable is probably the simplest way to enjoy the thrill of ownership without expecting a profit.. Your invoices will be inflated with Amac's family's living and travelling expenses, but your additional dollar outlay should be fairly minimal. Whereas if you want to be a serious owner of 10 % and up and your goal is profitably stay away from the Stable and try find an honest trainer. Most well known Ohio trainers I've dealt with are. Your odds of breaking even are still very small but at least your expenses won't be padded.
Totally agree as the 1% owners only want to be able to tell their friends they own "part" of a racehorse without mentioning the actual %. The problem with the fractional ownership is that every owner should be made to be fingerprinted and licensed regardless of % owned. What benefit do I get with my license compared to 1% owners....none.
Last, in my experience almost all Ohio trainers are hard working people who love the business and are trying to squeeze out a living. Problem is that it seems that the not so honest gather at Northfield but the judges are more worried about which donut to eat rather than do their job. Like the old days the Racing Commission needs to rotate the judges but that makes too much sense.
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Totally agree as the 1% owners only want to be able to tell their friends they own "part" of a racehorse without mentioning the actual %. The problem with the fractional ownership is that every owner should be made to be fingerprinted and licensed regardless of % owned. What benefit do I get with my license compared to 1% owners....none.
Last, in my experience almost all Ohio trainers are hard working people who love the business and are trying to squeeze out a living. Problem is that it seems that the not so honest gather at Northfield but the judges are more worried about which donut to eat rather than do their job. Like the old days the Racing Commission needs to rotate the judges but that makes too much sense.
I wish the dirtbags and cheats only gathered at Northfield. They are a problem at every track in every state
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As far as living expenses. I know several trainers that live and base in the east coast. While racing in Kentucky for the new inflated purses most are renting a condo or house to stay at when in Kentucky. Much cheaper than a hotel And they bill it out to the owners. If you want your horse or part of a horse training in Ohio do not hire an Ontario based trainer. I don’t care for him inflating the price of purchase but expenses away from home is on the owners.
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You know every year we go to the Red Mile and my hotel is paid for cause were not living at home either is he.