McLaughlin with 3 positives; Gets 30 day ban..

[freddymo]

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.

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

freddymo is the guy who praised Madoff before the scheme collapsed.

[gales0678]

Originally Posted by Coach Pants

freddymo is the guy who praised Madoff before the scheme collapsed.

and got his $$$ out many years ago , they can't even go back and get it from him as the staute of limitations expired

[Scav]

Originally Posted by freddymo

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

I wasn't being negative on McPeek that much, I was just pointing out something I consider extreme on his part. I think it would be much smarter for him to be selling 80% for the total sale price instead of marking up the horse up. I would have no issue with him keeping 20% and recouping his expense.

All this is really means nothing because the guy is doing really well right now. Lets see where alot of these two year olds are late in their 3 year old year though. Personally, I would rather have a horse progress and be around for 20 starts, then have them blow their load within their first two starts and be a 10nw3 claimer by November of their 3 year old year.

[freddymo]

Originally Posted by Scav

I wasn't being negative on McPeek that much, I was just pointing out something I consider extreme on his part. I think it would be much smarter for him to be selling 80% for the total sale price instead of marking up the horse up. I would have no issue with him keeping 20% and recouping his expense.

All this is really means nothing because the guy is doing really well right now. Lets see where alot of these two year olds are late in their 3 year old year though. Personally, I would rather have a horse progress and be around for 20 starts, then have them blow their load within their first two starts and be a 10nw3 claimer by November of their 3 year old year.

20 starts what horses race 20 times anymore? That is like 30 months of training after the first start.. 20 starts your funny..

BTW how is McPeek going to sell other partnerships to the same people if he isnt winning early? Think about it the point is to get people to win money and reinvest it in new stock how does winning late help? There is a method to winning early beside the fun joy and profit..lol
You figure those 2 and 3 year old wins at Keeneland in allowance and stakes company dont personally work for you? Yeah I see your point winning stakes at Keeneland must suck.

[Scav]

Originally Posted by freddymo

20 starts what horses race 20 times anymore? That is like 30 months of training after the first start.. 20 starts your funny..

BTW how is McPeek going to sell other partnerships to the same people if he isnt winning early? Think about it the point is to get people to win money and reinvest it in new stock how does winning late help? There is a method to winning early beside the fun joy and profit..lol
You figure those 2 and 3 year old wins at Keeneland in allowance and stakes company dont personally work for you? Yeah I see your point winning stakes at Keeneland must suck.

That was never my point. His recent Keeneland meet probably had his phone ringing off the hook.

[phystech]

Originally Posted by Scav

That was never my point. His recent Keeneland meet probably had his phone ringing off the hook.

Exactly what is your point, then?

You don't think it is right for the guy to do all the leg work on a horse he buys at a sale and then not be compensated for that legwork and any expenses he incurs? If he is selling the shares after he has made the purchase, you expect him to bear all the risk on the horse and not be rewarded for taking the risk? Who buys shares in the horse if it dies the night he takes it home? Who buys the shares if the horse dies before he sells all of the shares? Who shoulders that financial burden?

Ultimately, it is up to the share buyer to decide whether it is worth the markup being paid, isn't it?

[freddymo]

Originally Posted by phystech

Exactly what is your point, then?

You don't think it is right for the guy to do all the leg work on a horse he buys at a sale and then not be compensated for that legwork and any expenses he incurs? If he is selling the shares after he has made the purchase, you expect him to bear all the risk on the horse and not be rewarded for taking the risk? Who buys shares in the horse if it dies the night he takes it home? Who buys the shares if the horse dies before he sells all of the shares? Who shoulders that financial burden?

Ultimately, it is up to the share buyer to decide whether it is worth the markup being paid, isn't it?

Scavs was indirectly supporting Cannon Shell.Which is cool, why wouldnt he, unfortunately the point was never particularly meaningful, you just had to let it go and understand my man was sticking up for his main man. Its right thing to do!

[freddymo]

Originally Posted by Scav

I wasn't being negative on McPeek that much, I was just pointing out something I consider extreme on his part. I think it would be much smarter for him to be selling 80% for the total sale price instead of marking up the horse up. I would have no issue with him keeping 20% and recouping his expense.

All this is really means nothing because the guy is doing really well right now. Lets see where alot of these two year olds are late in their 3 year old year though. Personally, I would rather have a horse progress and be around for 20 starts, then have them blow their load within their first two starts and be a 10nw3 claimer by November of their 3 year old year.

10nw3 claimers at Penn run for 23k 40% premium if you are a Pa bred.. I will have one in such a race in a few weeks.. gotta love slots lol

[Scav]

Originally Posted by freddymo

10nw3 claimers at Penn run for 23k 40% premium if you are a Pa bred.. I will have one in such a race in a few weeks.. gotta love slots lol

Freddy, you are missing out right now. The state to hit right now is Indiana, 50 BSF and you run 3rd in a 70k stakes race. That is jackpot city...

[freddymo]

Originally Posted by Scav

Freddy, you are missing out right now. The state to hit right now is Indiana, 50 BSF and you run 3rd in a 70k stakes race. That is jackpot city...

Belterra is my spot! Love Jeff Rubys Steakhouse.. AWESOME food amazing service, very solid wine list 3 1/2 stars! I have never won a friggin dollar on that evil boat but love the place for Derby weekend.. Indiana Breds geez that is really ridiculous.. Get those slot bucks while you can. Shop is closing up soon enough.

[Scav]

Originally Posted by freddymo

Belterra is my spot! Love Jeff Rubys Steakhouse.. AWESOME food amazing service, very solid wine list 3 1/2 stars! I have never won a friggin dollar on that evil boat but love the place for Derby weekend.. Indiana Breds geez that is really ridiculous.. Get those slot bucks while you can. Shop is closing up soon enough.

That boat is EVIL! I was telling some people up here that the one time we stayed there, we all got smoked, like abnormally smoked, and they all said the same thing, coldest BJ decks of all time.

[gales0678]

Originally Posted by freddymo

10nw3 claimers at Penn run for 23k 40% premium if you are a Pa bred.. I will have one in such a race in a few weeks.. gotta love slots lol

is he live freddy? bet him in the gimmicks?