I'm Fancy Like to New York (Yonkers Raceway)
Quote from Lonnie on August 31, 2024, 8:27 AMFor those of us living in the New York Tri-State area who have been longing to get a horse to race near us, TheStable.ca has just given us that opportunity by moving I'm Fancy Like to Yonkers Raceway. She will make her first start on Tuesday, September 3, 2024. And she drew the rail to boot!
There are 28 shares available as of this writing on the Private Market. Though 20 of the shares are mispriced, and probably the owner meant to post them at $375 for each (instead they multiplied 20 * $375 and priced them at $7500, not realizing the listing price should have been for EACH share and not the total value).
All of the available shares are priced well above fair market value. I can only pray that all the owners become New York State licensed of divest themselves of their shares prior to Tuesday.
For those of us living in the New York Tri-State area who have been longing to get a horse to race near us, TheStable.ca has just given us that opportunity by moving I'm Fancy Like to Yonkers Raceway. She will make her first start on Tuesday, September 3, 2024. And she drew the rail to boot!
There are 28 shares available as of this writing on the Private Market. Though 20 of the shares are mispriced, and probably the owner meant to post them at $375 for each (instead they multiplied 20 * $375 and priced them at $7500, not realizing the listing price should have been for EACH share and not the total value).
All of the available shares are priced well above fair market value. I can only pray that all the owners become New York State licensed of divest themselves of their shares prior to Tuesday.
Quote from Lonnie on August 31, 2024, 9:24 AMI'M FANCY LIKE is entered on 09/03/24 at Yonkers Raceway
Sire: DANCIN YANKEE Dam: ICEY DELIGHTRace #: 9 Program #: 1 Post Position: 1 M/L Odds: 2/1 Claiming Price: $34,000
Post Time: 9:40 ET Dist: 1 Gait: PACE Purse: $15,000
Race Conditions: F& M CLAIMING ALLOWANCE $20,000 (L) TREATED WITH LASIX
Driver: Macdonald, Mark Trainer: Scran, Megan
I'M FANCY LIKE is entered on 09/03/24 at Yonkers Raceway
Sire: DANCIN YANKEE Dam: ICEY DELIGHT
Race #: 9 Program #: 1 Post Position: 1 M/L Odds: 2/1 Claiming Price: $34,000
Post Time: 9:40 ET Dist: 1 Gait: PACE Purse: $15,000
Race Conditions: F& M CLAIMING ALLOWANCE $20,000 (L) TREATED WITH LASIX
Driver: Macdonald, Mark Trainer: Scran, Megan
Quote from MaywoodAl on August 31, 2024, 11:07 AMQuote from Lonnie on August 31, 2024, 8:27 AMFor those of us living in the New York Tri-State area who have been longing to get a horse to race near us, TheStable.ca has just given us that opportunity by moving I'm Fancy Like to Yonkers Raceway. She will make her first start on Tuesday, September 3, 2024. And she drew the rail to boot!
There are 28 shares available as of this writing on the Private Market. Though 20 of the shares are mispriced, and probably the owner meant to post them at $375 for each (instead they multiplied 20 * $375 and priced them at $7500, not realizing the listing price should have been for EACH share and not the total value).
All of the available shares are priced well above fair market value. I can only pray that all the owners become New York State licensed of divest themselves of their shares prior to Tuesday.
I would not say that shares are well over fair market value.
Claiming tag $34,000
Assume win (ok big assumption but horse is favored $7,500 x .9 [trainer/driver commission] = $6,750
so $40,750 / .74 [exchange rate] = $55,068 or $551 per share
I saw shares listed at $500 and $540
If the $375 is correct price (perhaps person was giving a message of I am not selling, at 20 shares they probably should have been part if discussion)
But $375 is below market value
I do not see any shares currently listed so perhaps sold.
Quote from Lonnie on August 31, 2024, 8:27 AMFor those of us living in the New York Tri-State area who have been longing to get a horse to race near us, TheStable.ca has just given us that opportunity by moving I'm Fancy Like to Yonkers Raceway. She will make her first start on Tuesday, September 3, 2024. And she drew the rail to boot!
There are 28 shares available as of this writing on the Private Market. Though 20 of the shares are mispriced, and probably the owner meant to post them at $375 for each (instead they multiplied 20 * $375 and priced them at $7500, not realizing the listing price should have been for EACH share and not the total value).
All of the available shares are priced well above fair market value. I can only pray that all the owners become New York State licensed of divest themselves of their shares prior to Tuesday.
I would not say that shares are well over fair market value.
Claiming tag $34,000
Assume win (ok big assumption but horse is favored $7,500 x .9 [trainer/driver commission] = $6,750
so $40,750 / .74 [exchange rate] = $55,068 or $551 per share
I saw shares listed at $500 and $540
If the $375 is correct price (perhaps person was giving a message of I am not selling, at 20 shares they probably should have been part if discussion)
But $375 is below market value
I do not see any shares currently listed so perhaps sold.
Quote from Lonnie on August 31, 2024, 12:02 PMIf you base fair value for the horse at $30,000 USD, which is what the horse could have been bought for it, it comes out to $300/share USD or 1.348 * $300USD = $404.40 CAD.
BTW, I'm Fancy Like is LOCKED, so that's why you're not seeing any shares on the Private Market. I hope that something was worked out prior to locking the horse.
I pray the horse will race, and I'm glad I own two shares đ
If you base fair value for the horse at $30,000 USD, which is what the horse could have been bought for it, it comes out to $300/share USD or 1.348 * $300USD = $404.40 CAD.
BTW, I'm Fancy Like is LOCKED, so that's why you're not seeing any shares on the Private Market. I hope that something was worked out prior to locking the horse.
I pray the horse will race, and I'm glad I own two shares đ
Quote from Bgtolex25 on August 31, 2024, 7:44 PMGood luck to you and all owners on both fronts.
- Â That there is no eligibility issues due to licensing of owners
- she takes her 1/2 mile grittiness to YonkersÂ
It would be fantastic to see you all in the winnerâs circle.
Good luck to you and all owners on both fronts.
- Â That there is no eligibility issues due to licensing of owners
- she takes her 1/2 mile grittiness to YonkersÂ
It would be fantastic to see you all in the winnerâs circle.
Quote from Lonnie on August 31, 2024, 8:50 PMQuote from Bgtolex25 on August 31, 2024, 7:44 PMGood luck to you and all owners on both fronts.
- Â That there is no eligibility issues due to licensing of owners
- she takes her 1/2 mile grittiness to YonkersÂ
It would be fantastic to see you all in the winnerâs circle.
We will smile for you! đ
Quote from Bgtolex25 on August 31, 2024, 7:44 PMGood luck to you and all owners on both fronts.
- Â That there is no eligibility issues due to licensing of owners
- she takes her 1/2 mile grittiness to YonkersÂ
It would be fantastic to see you all in the winnerâs circle.
We will smile for you! đ
