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General Category => Harness Racing => Topic started by: Halfmiler on November 26, 2024, 06:03:57 PM

Title: Luther’s $1.8 Mil Investment a Flop!
Post by: Halfmiler on November 26, 2024, 06:03:57 PM
The word is out that Luther’s $1.8 mil investment isn’t going to be as profitable as he stated in his video! The horse didn’t pass fertility testing and Luther has to return everyone’s money who had purchased shares.  Now one would think that you wouldn’t sell shares until his fertility is confirmed, which would best be done after his racing career is done.  He just never seems to learn.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: The Answer on November 26, 2024, 06:18:48 PM
If true I mentioned this before nobody would invest without a fertility test. You can’t get an accurate one until after 60 days of racing. Luther gets the dumb guy of the year award.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: LUCPARK on November 26, 2024, 06:34:02 PM
 YES FOUND OUT YESTERDAY
 EMAILS AND TEXT WERE SENT OUT TO SHARHOLDERS

REFUNDS COMING ..

THERE WAS A REASON THEY WOOD NOT LET HORSE GET TESTED IF HE WAS SUITABLE FOR BREEDING .

THINK  PREVIOUS OWNERS  KNEW ?  I BETCHA THEY DID ..

LUTHER BROTHERS ARE GOOD PEOPLE  ,,GOOD FOR RACING ..
TERRIBLE THIS IS THE RESULT..

FROM  WHAT I HAVE BEEN TOLD ,,LIMITED STALION DUITES A YR COULD BE UP TO 30 TO 40 PROBALY A LOT LESS MAYBE IN HIGH TEENS LOW 20'S A YR,,,

PREV OWNERS CLEANED UP,,,  BUT LEFT A BAD TASTE IN THE MOUTHS OF POTENTIAL BUYERS IN UP COMIN YRS

SHOULD HANOVER DEMAND  SUITABLE FOR STALLION DUTIES FROM NOW ON ?  JUST ASKING

Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: The Answer on November 26, 2024, 07:07:03 PM
Previous owners never tested. Why would they? He’s not a commercially viable stallion. DC has an out if Karl doesn’t pass fertility. So did Hanover with Sig Sauer who has already passed. No major farm would buy a stallion without one.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Hoof Hearted on November 27, 2024, 08:34:39 AM
The breeders already had suspicisions that this horse was going t have fertility issues because he had very small testicles.  Its a tell tale sign in stallions when it comes to semen production and fertility.  It was very obvious and I guarantee any breeding farm would have looked when he was at Harrisburg before they made any offers or deals. 
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Miguel_Sanchez on November 27, 2024, 12:05:43 PM
I have never heard 60 days of no racing for fertility testing?  I always thought soon to be studs were fertility tested during GC meet at Lexington so they new early on how to promote and advertise?
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: The Answer on November 27, 2024, 01:27:36 PM
They never test while racing Karl, TCI, Winner’s Bet and Captain Albano haven’t been tested yet. Anyone that has bought a share in them already if they fail money will be refunded. The farm also has an out on them if they fail also. As far as Amazing Catch he won only three of eighteen starts not sure if anyone other than Luther was breeding to him anyway which he can probably still do.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Grandstand Handicapper on November 27, 2024, 03:20:37 PM
Sounds like nobody ever heard of first-year/initial-year infertility coverage. LOL.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Inside The Track on November 27, 2024, 04:43:02 PM
I thought something was suspicious when I inquired, and he refused to send a contract or memorandum of understanding. Just send the money. He told everyone that the horse was tested and good to go. Glad I walked away.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: LUCPARK on November 27, 2024, 07:34:09 PM
I thought something was suspicious when I inquired, and he refused to send a contract or memorandum of understanding. Just send the money. He told everyone that the horse was tested and good to go. Glad I walked away.


We were there.  Previous   Partners wood not tell anyone nothin

We tried and asked he several times. Even dr J  trued to help us
Previous owner wood not budge on any info

Erv looked at him   For us. Plus three vets   Plus our stallion management team leader also looked at his sack was really small

We still went to 900k stop there

Harris and Luther  duked it  out   Till last bid

Prev owner   gave nobody no info

Facts

They  just wanted out of their partnership

With out divulging any type of info


Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Miguel_Sanchez on November 27, 2024, 08:32:32 PM

We were there.  Previous   Partners wood not tell anyone nothin

We tried and asked he several times. Even dr J  trued to help us
Previous owner wood not budge on any info

Erv looked at him   For us. Plus three vets   Plus our stallion management team leader also looked at his sack was really small

We still went to 900k stop there

Harris and Luther  duked it  out   Till last bid

Prev owner   gave nobody no info

Facts

They  just wanted out of their partnership

With out divulging any type of info

How did Marvin and Al have such a bad falling out?  What's behind all this???
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Brown jug on November 27, 2024, 08:46:32 PM
buyer beware
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Harness Stats on November 27, 2024, 09:36:45 PM
How did Marvin and Al have such a bad falling out?  What's behind all this???
I don't know the reason but this has been coming for a few years. I noticed that Al seemed to go off on his own and when Marvin ended up with Brittany with no Al the writing was on the wall.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Lance on November 28, 2024, 08:12:43 AM
I have never heard 60 days of no racing for fertility testing?  I always thought soon to be studs were fertility tested during GC meet at Lexington so they new early on how to promote and advertise?

I though so to....I remember during the GC meet at Lex it was always an opportune time to test the semen of some of the local studs. 
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Miguel_Sanchez on November 28, 2024, 02:50:14 PM
I though so to....I remember during the GC meet at Lex it was always an opportune time to test the semen of some of the local studs.

Exactly I specifically remember chatter in the 90's at the sales that so and so test bred and he's good to breed 400 mares or he can't get anything in foal.  This whole 60 days after racing to get test levels higher is BS.  Intense training increases testosterone levels in the athletes.  What people are saying is "Let him have 60 days off to get fat and happy and his test levels will go to the moon?"  LOL  Someone missed science class on the day they taught hormones.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Call Sign Merlin on November 28, 2024, 10:24:18 PM
Exactly I specifically remember chatter in the 90's at the sales that so and so test bred and he's good to breed 400 mares or he can't get anything in foal.  This whole 60 days after racing to get test levels higher is BS.  Intense training increases testosterone levels in the athletes.  What people are saying is "Let him have 60 days off to get fat and happy and his test levels will go to the moon?"  LOL  Someone missed science class on the day they taught hormones.

Grandpa always said you had to give them time to get all the crap out of their system that they had been pumped with to race
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Redacidsucks on November 29, 2024, 03:44:09 PM
This guy Luther is living proof that money doesn’t come with instructions. He is the dumbest guy in racing no doubt. A complete laughing stock. If he didn’t have deep pockets from other things he would never be heard of. Idiot.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Halfmiler on November 29, 2024, 04:03:57 PM
You are 100% correct! He always wants to act like a big shot but makes poor decisions and looks like a total idiot. Just like buying a Catch the Fire yearling by jumping the bid up $100k higher just to say he had the highest priced yearling at the sale and by his stallion. No one was
Even bidding against him!! And the colt never amounted to anything!!
The list of his dumb moves goes on and on! Hard to imagine his cash flow will last forever at the rate he’s shelling out the cash.
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: LUCPARK on November 29, 2024, 04:22:12 PM
You are 100% correct! He always wants to act like a big shot but makes poor decisions and looks like a total idiot. Just like buying a Catch the Fire yearling by jumping the bid up $100k higher just to say he had the highest priced yearling at the sale and by his stallion. No one was
Even bidding against him!! And the colt never amounted to anything!!
The list of his dumb moves goes on and on! Hard to imagine his cash flow will last forever at the rate he’s shelling out the cash.
 

your wrong on this horse

hes doing well with him racing when he was and breeding

he has made some monumental errors,,like payi ng 500k for the indy bred colt last yr WHY NOT NOW,,

BUT catch the fire hes in the black on
 i believe
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Harness racer on November 29, 2024, 07:37:36 PM
This guy Luther is living proof that money doesn’t come with instructions. He is the dumbest guy in racing no doubt. A complete laughing stock. If he didn’t have deep pockets from other things he would never be heard of. Idiot.

And his brother would be cleaning stalls!   tmbz1
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: hoosierboy on November 29, 2024, 08:19:45 PM
This business venture won’t last forever
Title: Re: Luther’s $1.8 Mil Investment a Flop!
Post by: Harness racer on November 30, 2024, 06:03:33 AM
Seems to have unlimited funds.  Is there a breaking point? 
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