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Originally Posted by Scav
Not to burst any bubble, a perfect example of why not to get involved with a guy like McPeek is right here.
In his Private Offerings section, he has a 2008 Officer yearling filly available for 15k for 20%. That would be 75k for 100% of said filly. But he is keeping 20% of the filly, time to ask why?
Low and behold, that filly was bought in September for 50k, Hip# 2134. I'm sorry but within 45 days, she didn't jump 50% in value because she was eating Magdelena grass....
This would mean that he is selling 80% of the horse for 60k, so he is keeping 20% of the horse plus pocketing 10k.
Thats a great gig if you can get it to work. Knowing this, I would question every single invoice he ever sent.
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When you are an owner of horses and you are earning money the invoices are a lot easier to pay then if you are blow thru 300k a year without much success. Who gives a F about invoices when you are earning.. Stop it give the man his due
11-25-2009, 07:48 AM
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