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mrcombustible
22 Nov 15 20:05
Joined:
Date Joined: 18 Feb 02
| Topic/replies: 4,989 | Blogger: mrcombustible's blog
www.mybloodstock.com

https://www.mybloodstock.com/about-us.php

Read about this in Pacemaker and absolutely shocked to see Tommo involved.

Any initial urge to invest was quickly eroded when I saw he was involved
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Report mrcombustible November 22, 2015 8:06 PM GMT
erek Thompson
Specialist Consultant - to endorse and assist in advertising and public relation activities for and on behalf of My Bloodstock Plc.

Derek Thompson is a presenter and commentator of horse racing on Radio Five Live and At the Races in Britain. He attended Guisborough Grammar School and gave his first commentary - on a point-to-point meeting - at the age of 15. His broadcasting career began at the age of 18 on local radio.

In 1972 he was based in London working for BBC Radio Sport, for whom he covered a number of Grand Nationals alongside Peter Bromley, Michael Seth-Smith and Michael O'Hehir.

In 1981, he moved to ITV, where he appeared on World of Sport and midweek racing coverage. In 1985, he joined the newly formed Channel 4 Racing team as a presenter. He was also part of a team of three who helped to negotiate for the release of the kidnapped Epsom Derby winner Shergar. Thompson also commentates for At The Races and was a regular on talkSPORT radio.
Report mrcombustible November 22, 2015 8:23 PM GMT
Tommo is getting 5000 up front then 1000 a day up to a max of 30000 per annum
Report Johnny_Mustang November 22, 2015 8:41 PM GMT
I spat out my foie gras laughing when I read on his profile page that he was part of a team who helped to negotiate the release of Shergar.

I mean seriously, why would you put that on your C.V.?
Report Johnny_Mustang November 22, 2015 8:44 PM GMT
And Thompson wouldn't know a pedigree if it smashed him in his rather insincere face.
Report GLASGOWCALLING November 22, 2015 8:45 PM GMT
.... i would rather be waterboarded than talk to thommo...  Happy
Report mrcombustible November 22, 2015 8:48 PM GMT
i feel sorry for anyone that invests money in this scheme, doomed to failure with the persons involved. It is worth downloading the prospectus if you want a good laugh.
Why Pacemaker have mentioned this scheme is beyond me
Report Deltâ November 22, 2015 9:17 PM GMT
ah, I saw on the latest RUK comp - the winner got a day out provided by MY Bloodstock... falls in
Report xmoneyx November 22, 2015 9:41 PM GMT
6k a day

foook me

2 mill a year
Report Chris B November 22, 2015 9:43 PM GMT
Surely they won't find enough mugs to invest to make their minimum requirement of £670,000?
Report Chris B November 22, 2015 9:44 PM GMT
There's some comedy gold in that prospectus - well worth a read for a giggle.
Report maleuk01. November 22, 2015 9:51 PM GMT
£2.80 per share (raising £3.5m)

how much will these shares be worth in 12 months time?

anyone like to predict?
Report maleuk01. November 22, 2015 9:55 PM GMT
by the thommo and the other directors etc have dipped their grubby mitts into the pot, how much would be left to buy any decent racehorses?
Report maleuk01. November 22, 2015 10:17 PM GMT
or could they be a new threat to Godolphin and Coolmore in a few years time? LaughLaughLaugh
Report Brian November 22, 2015 10:24 PM GMT
Poor Shergar, what chance did he have!
Report maleuk01. November 22, 2015 10:42 PM GMT
A Consultancy Agreement dated 14 August 2015 whereby Derek
Thompson is engaged as a specialist consultant to the Company to
provide the Company with the benefit of his knowledge, experience and
personal connections, the Company agreed to pay Derek Thompson (i) an
initial payment of £5,000; (ii) an aggregate annual remuneration of £30,000
with effect from when the Company starts trading; (iii) an attendance fee of
£1,000 per day pro rated to £500 for half a day; and (iv) to procure the issue
or transfer of ordinary shares representing 5% of ordinary shares of the
Company to Derek Thompson

Gareth Noble is employed as Managing Director under a service
agreement for a period of two years from 27 October 2015 subject
to termination by either party on three months’ notice at or after
the end of the initial two year period at an annual remuneration
of £75,000


Paul Timms is employed as a Director and Bloodstock Manager
under a service agreement for a period of two years from 27
October 2015 subject to termination by either party on three
months’ notice at or after the end of the initial two year period
at an annual remuneration of £75,000


Sir Bernard Zissman is engaged as a Non-Executive Director under
a letter of appointment for a period of not less than 12 months from
27 October 2015 subject to termination by either party on three
months’ notice at or after the end of the initial two year period at
an annual remuneration of £25,000


Simon Hodson is engaged as a Non-Executive Director under a
letter of appointment for a period of not less than 12 months from
27 October 2015 subject to termination by either party on three
months’ notice at or after the initial two year period at an annual
remuneration of £25,000


Martin Binks is engaged as a Non-Executive Director under a letter
of appointment for a period of not less than 12 months from 27
October 2015 subject to termination by either party by three
months’ notice at or after the end of the initial two year period at an
annual remuneration of £12,000


A Consultancy Agreement whereby Jonathan Griffin is engaged as a
bloodstock consultant to the Company for a period of two years from
27 October 2015 subject to termination by either party by three months’
notice at or after the end of such period at an annual remuneration of
£75,000

On top of all that all the costs involved in a share issue.

Wont be any money left to buy 1 horse and feed it for the year.

What a big con.
Report Sica Dan November 23, 2015 12:22 AM GMT
Anyone who puts money into this may finish up needing a pacemaker.
Report adamski November 23, 2015 7:32 AM GMT
No wonder Tommo was too busy to die, they will be frightened of wasting too much money on bloodstock in case there's not enough money left for themselves for 2 years.
Report posy November 23, 2015 8:56 AM GMT
Jesus just read the cvs of the guys involved...surely the FCA should be crawling all over this.There's as much chance of investors being able to recover their investment as Victoria Pendleton has of winning at Cheltenham.
Can't believe BDO have put their name to this and as someone who used to work in the City i've never heard of the auditors or solicitors.
Report Rydal November 23, 2015 9:37 AM GMT
The lack of any balance sheet from beginning to end makes the analysis difficult but my reading of the prospectus is that there will be 5 million shares of which:

The founders and their mates will have 75% at a cost of £37,500 (having paid 1p per share).
The public will have the remaining 25% at a cost of £3.5 million (having paid £2.80 per share).

If I am right (mistakes have been known), it is a stunning rip-off.

Here's one for Chris Cook and co. to get their teeth into.
Report Sica Dan November 23, 2015 9:41 AM GMT
At least they are upfront in admitting that a lot of the money is going
to the board,Tommo probably cant believe his luck.
Report chelsea girl November 23, 2015 9:46 AM GMT
Does this mean the end of the 'bucket rattling' at race courses?

He wont need it now.
Report Deltâ November 23, 2015 9:50 AM GMT
no, side line not main line

hth
Report chelsea girl November 23, 2015 9:55 AM GMT
Artie just texed and sayed "what a great investment, i'm in"
Report .birkdale November 23, 2015 12:45 PM GMT
It IS a complete rip-off obviously aimed at gullible people and they've chosen EXACTLY the right person to promote such a devious scheme.
Report duncan idaho November 23, 2015 12:48 PM GMT
He was also part of a team of three who helped to negotiate for the release of the kidnapped Epsom Derby winner Shergar


that went well
Report Johnny_Mustang November 23, 2015 12:55 PM GMT
Agreed. He's a regular Henry Kissinger.
Report geordie1956 November 23, 2015 12:58 PM GMT
Their greed is endless - silly words but I hope there aren't too many gullible people around
Report theres only one best tonic November 23, 2015 1:00 PM GMT
Unfortunately there are which is why scum like this prosper
Report tilted November 23, 2015 1:25 PM GMT
Extraordinary. Quite extraordinary. You would have more chance in a Ponzi scheme.
Report Oldgit1 November 23, 2015 1:57 PM GMT
Their address 55 Baker Street used to be the M&S headquarter until they moved and it was redeveloped. The office space is expensive so it must be an accommodation address.
Does their Chairman not look a bit like Sir Bobby Charlton.
Report kavvie November 23, 2015 2:11 PM GMT
this is incredible.im sure it will never get off the ground really?surely no one would invest even a tenner in this..its a stunning rip off of epic proportions even by tommos bucket shaking low standards...
Report Big Boss November 23, 2015 2:22 PM GMT
1) a one armed man, hanging off a cliff, with an itchy @rse

2) this scheme

both have a similar chance of a positive outcome
Report chelsea girl November 23, 2015 2:30 PM GMT
Is Gareth Noble the person who used to run Hilltop Racing Syndicate?

Just been browsing the Gazette, it makes alarming reading.Shocked
Report postmannick November 23, 2015 2:41 PM GMT
as the old saying goes-theres one born every minute thats why these rip off merchants do it
Report duffy November 23, 2015 2:42 PM GMT
John Oaksey was one of the shergar team too...not the kidnappers...the rescuersGrin


I mean can you picture it....The AGA Khan is sat around the table discussing how to get Shergar back and he suddenly announces, send for ThommoCrazy
Report mrcombustible November 23, 2015 6:03 PM GMT
Interesting that the prospectus says this investment may qualify for the government/hmrc EIS scheme.

This means that you can get 30% of your investment back from the tax man provided you have paid that amount of tax in that year.The max is 300000 on a million investment.
You can also get loss relief when the shares are sold if a loss is incurred.
You must hold the shares for 3 years.
Companies can raise a max of 5 million each year
The rules are not quite that simple but basically we the taxpayer are subsidising this lot.

Some trading activities do not qualify for this scheme, one  excluded activity is
dealing in land, in commodities or futures in shares, securities or other financial instruments.

I am not a tax expert but wonder is this company excluded because dealing in commodities is not allowed, is a racehorse a commodity?

By coincidece was reading City AM on the way to work this morning and there is a two page ad for a similar scheme run by Michael Owen, horses to be trained by Dascombe  www.investden.com

http://www.investden.com/p/city-am

Surely there are not enough mugs about to support these schemes
Report maleuk01. November 23, 2015 6:45 PM GMT
mrcombostile that is why they are not allowed to race the horse, so are hoping to sell it before it races, or they can lease the horse(s) out. They have thought of everything to squeeze the last penny out of investors.

The share set up seemed odd as well, as mentioned all those involved pay 1p a share and general public £2.80. The money they put in will be got back after a months wages. Presumably once they buy the horse(s) there's not a lot of time they need to put in. So £75k a year seems excessive. The company doing the share scheme gets £40k and a fee per share agreement.

Its obviously a huge con, if someone reads it all I carnt believe anyone would invest.
Report workrider November 23, 2015 7:05 PM GMT
Shocking...
Report chelsea girl November 23, 2015 7:40 PM GMT
Would advise you all to read up on Hilltop Racing Syndicate, which was run

by the current MD of My Bloodstock unless I am mistaken (highly unlikely)
Report Johnny_Mustang November 23, 2015 7:53 PM GMT
What I really like is their approach.

They're going to go out and buy foals using some hair-brained Heath Robinson selection system which is utterly unscientific, in the ludicrous notion that they have some kind of competitive edge. Once they've chosen said foal, they will then lock horns with Coolmore etc. in the sales rings of Kildare and Newmarket, simultaneously swatting away the meagre spending power of the Maktoum and Al Thani families. That's the easy bit. Then they have to take the foals home, prep them for sale and hope they develop into something vaguely resembling a young racehorse that someone might want to buy at a profit. Yes there have been some successful pinhooks but there has also been a monumental number of disasters and with regret this looks like yet another example.
Report maleuk01. November 23, 2015 7:57 PM GMT
you are correct Johnny.

the whole concept is based on some software which will produce amazing foals and quality racehorses.

The software is available to anyone at $600 per year and is NOT exclusive to them. So basically if it was any good all bloodstock agents would use it. Or anyone with cash and wants to give their so called system a go they could do it easily themselves.
Report chelsea girl November 23, 2015 8:02 PM GMT
So basically anyone buying into this can compare their expenditure with paying

for Thommos tips.
Report mrcombustible November 23, 2015 8:18 PM GMT
The database they use is called G1 Goldmine

Managing director Gareth Noble has a direct interest in the database according to the prospectus " He is responsible for the day to day running of G1 goldmine in Europe"
Report chrisg November 23, 2015 8:44 PM GMT
I can't believe they're using Thompson - the man has zero credibility and will surely scare off more people than he brings in?
Report chrisg November 23, 2015 8:44 PM GMT
I can't believe they're using Thompson - the man has zero credibility and will surely scare off more people than he brings in?
Report .birkdale November 23, 2015 8:53 PM GMT
chelsea girl   




23 Nov 15 14:30 
Joined:   21 Nov 07      | Topic/replies: 5,830  | Blogger: chelsea girl's blog   



Is Gareth Noble the person who used to run Hilltop Racing Syndicate?

Just been browsing the Gazette, it makes alarming reading.Shocked


Gives his address as Hilltop Farm, Suffolk, so surely too much of a coincidence.

How good / bad were Hilltop Racing ?
Report Johnny_Mustang November 25, 2015 5:11 PM GMT
From their prospectus: "My Bloodstock buys 20 foals - 1 elite foal with potential to win a group 1 race"

And this: Offer opens 2 November 2015
Closing Date for Applications 7 December 2015
Offer Shares to be allotted by 21 December 2015
Share certificates despatched 21 January 2016

Which means they've missed the major foal sales of 2015 at Goffs and Tatts

So where are they are going to source their 'elite foal' between now and next autumn and what happens to the money raised?
Report onlooker November 25, 2015 8:11 PM GMT
Hilltop Racing (Syndicate 1) Limited

  dissolved

Director Name    Appointed    Current    Resigned    Total
Mr Gareth Hugh Noble     29 Mar 1999     1     0     1
Mrs Lisa Jane Noble     29 Mar 1999     3     0     3

Secretary Name    Appointed    Current    Resigned    Total
Mrs Lisa Jane Noble     29 Mar 1999     3     0     3

2004

Cash  £675 -77%
Net Worth  £-]/b]37.3k [b]-91.32%
Assets £941  -94%
Liabilities  £7.2k  +49.77%

Net Assets/Worth
   
2004    £-37,328
2003     £-19,511    
2002    £-4,133    
2001    £-10,561    
2000    £-1,241
Report dunlaying November 25, 2015 9:37 PM GMT
Oh dear.
Report .birkdale November 25, 2015 11:31 PM GMT
Really hope that nobody has sent this lot any money.
Report kevo November 25, 2015 11:32 PM GMT
The WHO recently announced that some antibiotics are no longer effective against some parasites and diseases. Unfortunately the racing industry has the same problem with a certain strain of individual blood suckers.
Report chelsea girl November 26, 2015 9:08 AM GMT
Am pleased to see i'm not the only one on this forum looking at this propectus

with a great deal of incredulity.

This should carry a government wealth warning to any potential investors.
Report Facts November 26, 2015 9:51 AM GMT
How come Pacemaker allowed such a scheme to be aired in their publication ?
Report kavvie November 26, 2015 10:23 AM GMT
thats whats surprising..respected publications allowing this drivel to be advertised in their issues?
Report Johnny_Mustang November 26, 2015 10:35 AM GMT
I don't for one minute think there's anything whatsoever underhand about this. But the notion that they have some miracle selection process in choosing foals is utterly flawed and I don't care what statistics they put up, I very much doubt they will stand up to empirical inspection.
Report Johnny_Mustang November 26, 2015 10:37 AM GMT
Kavvie
thats whats surprising..respected publications allowing this drivel to be advertised in their issues?


RP carried their advertising on its website.......
Report kavvie November 26, 2015 10:41 AM GMT
rp will take any revenue from anyone.pacemakers audience is a different market
Report arrested development November 26, 2015 10:52 AM GMT
not alone did they carry the full page advert they also then gave a seperate quarter page story of the launch on their news section!  disappointing from as Kavvie says a generally respected publication
Report mrcombustible November 26, 2015 10:59 AM GMT
It was not advertised in Pacemaker, worse than that Pacemaker gave it a free mention.

They have got respected names on their prospectus, BDO one of the top accountancy firms in the world. Their solicitors Memery Crystal are a small but up and coming respected firm in London. ( They get a favourable mention in the legal section of today's Times because of their China ties.) They were advisers for the 5 Million raised by the Oval and I think they were involved in the Jockey Club public issue to build the new stand at Cheltenham
Report mrcombustible November 26, 2015 11:01 AM GMT
Sorry arrested I did not noticethe full page ad only saw the the launch story! It was because it was pacemaker that I looked at the prospectus
Report cooperman November 26, 2015 12:01 PM GMT
Annoyed I can't get involved but have all my assets currently tied up with a friend in Nigeria who I am helping release funds worth millions.
Report Oldgit1 November 26, 2015 12:06 PM GMT
It appears from the prospectus that the directors own 5 million shares and are only putting 1.25 million on the market.
Report Big Boss November 26, 2015 12:08 PM GMT
if it was that good, why would they need Thommo involved ?

this tells its own story ...
Report BARROWBOY November 26, 2015 2:45 PM GMT
Bucket shop?
Report kavvie November 26, 2015 2:57 PM GMT
id join in too but the wife of a deceased member of nigerias government kindly invited me to help her release funds(26.5 us dollars)for both out benefits. a 50/50 split she kindly agreed to...i just had to send her 45k for administration  costs etc out there which i understand perfectly..so looking forward to my new life.i mite get in contact with tommo when the money comes through to advise me on buying a nice racehorse..?
Report desperatemunter November 27, 2015 6:47 PM GMT
Laugh
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