0 Members and 9 Guests are viewing this topic.
lets see where she is the end of april...if she is still around and racing well ill eat crow
Brown Jug a serous question. 36 horses sit unsold and I would imagine the sellers have been paid? Where did that money come from? Now you have about 2,000 shares just on the 2 yr olds looking to be purchased. That has been that way since Dec. A full three months plus the back 2 months when purchase. So 2,000 shares is 20 horses. 20x2,500 Canadian is 50k Canadian. So who isn't getting paid? I'm sure the horses are eating, have to think the grooms are being paid. A Mac he isn't working for free or the trainers. Now the first major staking month is due in 10 days and who is writing that check for the 2,000 shares outstanding. Either there is a major backer or it's a house of cards? You tell me and also why isn't this news worthy. It's a part of the industry and open for debate.
hold on horses first you are branching into an entirely different subject matter and to be clear those are very valid questions ands concerns we all know the model cannot survive with that number of unsold shares, and i have no idea how that will end my response was to a comment about the drive on bottle of red last night and how i felt that comment was misguided and inaccurate in my opinion
A buddy of mine has a few shares he wants to unload, says bills are higher then he was told and the place is a dump and the track is so bad they are lucky to jog three days a week
thats right...we seem to have alot of difference of opinion. hence why i stopped doing business with himi personally would be fired up if a filly i invested that much time and money in was used like that in a maiden race
SORRY SHE DIDNT DRAW OFF BY 15 JOSH....LACKING TALENT LIKELYOR, THIS WAS A GOOD TIGHTENER IF SHE'S ANY COUNT AT ALL
Before you post something you know nothing about maybe you should check with the USTA and see how many of his horses are still registered to the breeder.I know for a fact that most horses are not paid for at the sale but the papers are held by the USTA until the sales company releases the registrations. release papers are given so that you can take the horse off the grounds.Try looking up Royhill ( paid $17K at the sale but he has the horse valued at $59K Canadian making his worth $45K USD...good luck trying to sell those shares.) at the USTA and see if Midland Acres is still not the registered owner as least that was the case earlie this week along with EVERY horse I checked with the USTA.
If I understand your comment correctly, what I am saying that originally AM had Royhill priced at 17K plus extras. Every month the share cost goes up as AM keeps tacking on his monthly bill along with stake payments. That is why AM has Royhill "valued at $45K USD. This is how the inflated price is gotten. To my knowledge there was no side deal and believe me Midland was hoping to sell the yearling as they run a first class operation unlike a certain stable north of the border.If this is not want you meant please let me know
No, the sale price is the sale price...The extra $28K is AM's fees ans stake payments. Midland is only, or at least hoping to get their $17K. Midland is still listed as owner only for 2 reasons: 1. They have not been paid or 2. AM has not transferred the papers.
Selling shares in horses that aren't paid for at an inflated price, AM is the sharpest cat in the game , making huge profits without spending any money to do it
purple, I can agree with your last commentand perhaps their is a role for a higher end fractional group but clearly that is not the market he was/is going after it is fairly simple , if the horses do well and overachieve their pedigree and conformation issues he is fine as clients are making money/ breaking even if not than cash flow dries up and you end up with a lot of unsold shares from the last crop of yearlings