|
Weird goings on - Inglis April early sale |
Post Reply 
|
Page 123 4> |
| Author | |
QuizAbout 
Champion 
Joined: 11 Oct 2020 Status: Offline Points: 877 |
 Post Options
 Thanks(1)
 Quote Reply
 Topic: Weird goings on - Inglis April early salePosted: 09 Apr 2025 at 5:57pm |
|
I dont know if i can name names here, but if you look in the weanlings and look at the results, there are some weanlings that went for big money that had no right to bring that... are they exchanging money through the sales?  |
|
 |
|
|
Second Chance
Champion
Joined: 02 Dec 2007 Status: Online Points: 56831 |
Post Options
Thanks(2)
Quote Reply
Posted: 09 Apr 2025 at 6:19pm |
|
Extremely fishy QA.
All those offered by Matthew Vella as agent sold for significant overs. Here're my assessments fwiw: Lot 254: Sold price $45k, assessed value @ $25k Lot 256: Sold price $80k, assessed value @ $20k Lot 259: Sold price $50k, assessed value @ $20k Lot 267: Sold price $75k, assessed value @ $5k Lot 271: Sold price $40k, assessed value @ $5-10k.
|
|
|
|
|
Second Chance
Champion
Joined: 02 Dec 2007 Status: Online Points: 56831 |
Post Options
Thanks(2)
Quote Reply
Posted: 09 Apr 2025 at 6:27pm |
|
And a couple of those valuations might be somewhat generous.
|
|
|
|
|
QuizAbout
Champion
Joined: 11 Oct 2020 Status: Offline Points: 877 |
Post Options
Thanks(1)
Quote Reply
Posted: 09 Apr 2025 at 8:13pm |
|
Yup, my thoughts exactly. Especially when you look at the ones Yulong had up that went so cheap, some people got some good pinhooks there! |
|
|
|
|
Plastic letters
Champion
Joined: 21 Jan 2023 Location: Sydney Status: Offline Points: 12925 |
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2025 at 8:47pm |
Matty is a very good man with a horse. I’m not sure who the principals are of the Equine Growth Fund
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2025 at 9:48pm |
|
Hmm … hmmm … nothing gets past you lot. Very interesting … that name doesn’t surprise.
|
|
|
|
|
QuizAbout
Champion
Joined: 11 Oct 2020 Status: Offline Points: 877 |
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2025 at 10:24pm |
|
Which one BP? I don't know either name.
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2025 at 10:50pm |
|
I know of an M Vella and I would not consider them reputable. But it’s common name, right?
|
|
|
|
|
acacia alba
Champion
Joined: 31 Oct 2010 Location: Hunter Valley Status: Offline Points: 46763 |
Post Options
Thanks(1)
Quote Reply
Posted: 10 Apr 2025 at 12:20am |
|
that name doesn’t surprise. LOL and LOL. Trust you to hit on it, Ponies.
|
|
|
animals before people.
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2025 at 7:54am |
|
It is Quiz and SC who have the sharp eyes, aa
|
|
|
|
|
pnclick
Champion
Joined: 13 Mar 2009 Status: Offline Points: 1297 |
Post Options
Thanks(2)
Quote Reply
Posted: 11 Apr 2025 at 12:38pm |
|
Who is Equine Growth Fund? who purchased (if you can call it that) ALL the M Vella weanlings.
A number of them are going through the Inglis Australian Weanling Sale next month at Riverside. They are all going through from Cavallo Park Stud, North Richmond. So I'm thinking this is basically a 'put' a price to them so they can marketed them as XYZ value... ps... nobody with any clue will fall for it.
|
|
|
|
|
Plastic letters
Champion
Joined: 21 Jan 2023 Location: Sydney Status: Offline Points: 12925 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 3:56pm |
|
Vella sells a lot to HK, not sure if that impacts
|
|
|
|
|
QuizAbout
Champion
Joined: 11 Oct 2020 Status: Offline Points: 877 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 6:39pm |
|
If they go back through, al it will show is a massive loss. Though maybe thats the point? Is there anything tax/book wise for that sort of thing that is beneficial?
|
|
|
|
|
Second Chance
Champion
Joined: 02 Dec 2007 Status: Online Points: 56831 |
Post Options
Thanks(1)
Quote Reply
Posted: 11 Apr 2025 at 7:23pm |
Last year only 5 of 304 were sold to Honkers so no apparent relevance to this scenario Plastics. All these lots which've been entered for the Inglis Weanling sale are being offered by Cavallo Park Stud, though that entity presumably "sold" the lots in this particular Inglis Digital Sale. Cavallo Park is currently being wound up following application by the Deputy Commissioner of Taxation, has had an Administrator appointed, and a meeting of creditors was held last month. If we knew all the dots we could most likely join them.
|
|
|
|
|
rusty nails
Champion
Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 14508 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 7:49pm |
|
If the tax man is winding you up, the last thing you’d do is to “bid up” your draft….
|
|
|
|
|
Second Chance
Champion
Joined: 02 Dec 2007 Status: Online Points: 56831 |
Post Options
Thanks(1)
Quote Reply
Posted: 11 Apr 2025 at 8:01pm |
|
Exactly Rusty. And that's why we don't know all the dots as a means of joining them.
Maybe Equine Equity Growth who're the alleged purchasers could enlighten us. In any event it all appears to becoming rather more malodorous.
|
|
|
|
|
Plastic letters
Champion
Joined: 21 Jan 2023 Location: Sydney Status: Offline Points: 12925 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 8:40pm |
|
I did a quick search on the EGF and couldn’t find much
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 8:41pm |
|
Geez, you lot are scary smart
 I can’t help the investigation but yes, there is/was a Cavallo Park Stud around here. It popped up suddenly and recently, i think, then popped off …
|
|
|
|
|
Plastic letters
Champion
Joined: 21 Jan 2023 Location: Sydney Status: Offline Points: 12925 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 8:43pm |
|
Up near Kurmond from memory
|
|
|
|
|
Freefall
Champion
Joined: 04 Dec 2013 Status: Online Points: 8416 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 9:04pm |
|
Recently became Pty Ltd according to ASIC.
Easier to shield directors?
|
|
|
|
|
Freefall
Champion
Joined: 04 Dec 2013 Status: Online Points: 8416 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 9:06pm |
|
As long as they aren’t (or weren’t) “trading while insolvent”, directors are untouchable.
|
|
|
|
|
rusty nails
Champion
Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 14508 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 9:12pm |
|
Nah, I think the recent date you’re looking at,is when administrators were appointed , or winding up application was made..
IRT directors obligations, they are safe unless it’s a big number, and they are known to have assets…. It’s not commercial to chase unrecoverable debts.
|
|
|
|
|
Freefall
Champion
Joined: 04 Dec 2013 Status: Online Points: 8416 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 9:14pm |
|
Rusty, I have personal experience that an administrator can chase you through the courts, even if you have no assets and the likelihood is they’ll spend more in court than they can ever recover.
Didn’t end well for them thankfully.
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 9:31pm |
|
Kurmond, yes, that’s it - thanks PL! Would’ve driven me nuts trying to remember
I know the property they were leasing.
|
|
|
|
|
acacia alba
Champion
Joined: 31 Oct 2010 Location: Hunter Valley Status: Offline Points: 46763 |
Post Options
Thanks(1)
Quote Reply
Posted: 11 Apr 2025 at 11:19pm |
|
LOL. Off you go,,,
|
|
|
animals before people.
|
|
|
|
|
rusty nails
Champion
Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 14508 |
Post Options
Thanks(0)
Quote Reply
Posted: 11 Apr 2025 at 11:31pm |
Really? That's very unusual. I've seen plenty of open and shut cases, and the administrators interest has always been solely dependent on whether they'll get paid for their efforts. Maybe in the case you mention, there was a narky creditor funding them externally of the company assets.
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 12 Apr 2025 at 9:26am |
Or I could just stay home and poke needles in my eyes
|
|
|
|
|
furious
Champion
Joined: 19 Feb 2007 Status: Online Points: 30976 |
Post Options
Thanks(0)
Quote Reply
Posted: 12 Apr 2025 at 12:16pm |
|
Used to drive to Kurmond quite a bit when the office was up there. Once I even ended up off the castlereagh road in the gravel as I was so tired I feel asleep. The bosses wife filled me with coffee before the trip home. Or they might of moved to Richmond by then.
|
|
|
|
|
slowdown
Champion
Joined: 24 Jun 2009 Location: Tasmania Status: Online Points: 11544 |
Post Options
Thanks(0)
Quote Reply
Posted: 12 Apr 2025 at 1:31pm |
|
from 0 to 2 years old we lived at Kurrajong.
|
|
|
The Spirit of Zero resuming. Raymond(Midnight) Resuming next week. Lulu (Rising) spelling. Alli - Spelling. Jeffrey spelling. Ambi Boo spelling. Sh'bourne Angel spelling.
|
|
|
|
|
brave_ponies
Champion
Joined: 06 Sep 2013 Location: Sydney Status: Offline Points: 7671 |
Post Options
Thanks(0)
Quote Reply
Posted: 12 Apr 2025 at 4:05pm |
|
I've lived (too briefly) at both Kurrajong and Kurmond – glorious part of the world
 views of the Sydney Basin you could look at all day 
|
|
|
|
Topic Options
Second Chance wrote:|
Post Reply
|
Page 123 4> |
| Tweet |
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
Forum Software by Web Wiz Forums® version 12.05
Copyright ©2001-2022 Web Wiz Ltd.
This page was generated in 0.089 seconds.
Copyright ©2001-2022 Web Wiz Ltd.
This page was generated in 0.089 seconds.