The deal with Aldeb and Rampillion is a closed end deal vis a via the contract that we have. Because of accounting issues we would only like to do one final distribution when Aldeb is either claimed or sold (Or we may do an end of the year distribution if we still have Aldeb). We have also accrued some unfortunate but costly expenses with Aldebutante and her surgery and related care which has cut into the revenues generated by the girls earnings which are further diminished when the 50% of the trainers cut is taken away along with the jockeys fees and %'s. Quite frankly we felt as though the partners may be more interested in rolling over the amount left into another horse as opposed to simply waiting for the final disbursement especially since there are no training expenses as with all the partnerships. If that isn't what you guys want to do then that is fine with us. We wont make this a majority decision simply because the terms are clear but if everyone agreed to do something else we would be game. Since there are already a few partners that have expressed no desire to get another horse we will keep campaigning Aldebutante and keep the funds on acct.
Sumwonlovesyou is an entirely different situation.
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07-28-2009, 01:19 PM
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