Unregistered Syndicator

[Forbury]

Andrew The Canary Fitzgerald a unregistered Syndicator has unleashed another of his world famous stooges on INNOCENT Trot fans wanting to become race owners The Canary has been selling 1/1000 shares in the horse Smackdown which he purchased 10% 😂😂wow 😂😂

[PeterLambFan]

What’s the issue? I’m personally not interested in shares of that size but plenty might be?
 

[goldilocks]

Seems a good way to get a lot of younger people involved, and going to the races for a small outlay.The thrill of your horse winning is the same if you own 100% or 1000 %

[Nowornever]

All depends on the dollars and cents. Give us more details. Has he purchased for 10,000 and selling 1000 shares at 10 then what's the problem. If he is selling 1000 shares for 1000 then yes that is a money grab. More details

[Rangatira]

2 hours ago, Nowornever said:

All depends on the dollars and cents. Give us more details. Has he purchased for 10,000 and selling 1000 shares at 10 then what's the problem. If he is selling 1000 shares for 1000 then yes that is a money grab. More details

$150 for a 1/1000 th Share and $7 monthly fee per share 

[Nowornever]

12 hours ago, Rangatira said:

$150 for a 1/1000 th Share and $7 monthly fee per share 

So 10% bought for $10,000 and selling that 10% for $150,000. Yeh not convinced that horse is worth $1.5million dollars lol 😂

Well the people he is selling these to will not know the difference probably, good racket if you can get away with it.

Edited yesterday at 08:02 PM by Nowornever

[Spatchcock]

2 hours ago, Nowornever said:

So 10% bought for $10,000 and selling that 10% for $150,000. Yeh not convinced that horse is worth $1.5million dollars lol 😂

Well the people he is selling these to will not know the difference probably, good racket if you can get away with it.

it's 100 shares (10% of the horse) for $150 apiece ($15,000).

Perhaps you should apologise for your slander.

 

 

[Rangatira]

1 hour ago, Spatchcock said:

it's 100 shares (10% of the horse) for $150 apiece 

Spot on which values the horse at $150K.

Sold at the 2024 Auckland Yearling Sales as lot 44 for $70K

[Nowornever]

7 hours ago, Spatchcock said:

it's 100 shares (10% of the horse) for $150 apiece ($15,000).

Perhaps you should apologise for your slander.

 

 

I am not slandering anyone I am saying well done if you can get away with it

[AndrewFitzgerald]

On 17/10/2025 at 9:02 AM, Nowornever said:

So 10% bought for $10,000 and selling that 10% for $150,000. Yeh not convinced that horse is worth $1.5million dollars lol 😂

Well the people he is selling these to will not know the difference probably, good racket if you can get away with it.

It won't shock you, but none of your figures are correct. But you knew that when you wrote the comment.

23 hours ago, Spatchcock said:

it's 100 shares (10% of the horse) for $150 apiece ($15,000).

Perhaps you should apologise for your slander.

 

 

Spot on.

I don't really want to argue with the faceless names above, but for context, which is often lacking on this site.

That $15,000 covered the horse share purchase, syndication fee, accounting/credit card processing fees, and 2 months of training.

The monthly fee covers a management fee and a pool to cover every cost you can think of. With the filly likely to travel to Auckland and Australia next year, those costs will be bigger than your normal R40 horse. 

Owners prefer fixed monthly bills; it's easier to budget and set up an auto-payment each month. Not the first to do them, in fact, when I was with Stonewall back in 2019, that's what we implemented, and they've continued to do so to this day. If you take a look at some of the galloping micros that have launched in the last few years, their admin fees are through the roof compared to my $2 +GST per share, per month.

Shares sold out in under 24 hours in this girl, 62 owners involved who all have a reason to get to the races, or a reason to turn the TV from Rugby to racing, even a reason to have a bet if they don't already. All for just $150. 

This Filly would have been lost to Australia if we, plus the other new owners, hadn't bought out the 50%. So that's one less horse getting exported and lost to racing numbers desperately needed in NZ.

Times are changing, and Micro-Share Syndicates are playing their role in bringing owners back to the races and driving turnover. That's what I'm doing to try to keep this industry alive - Love to hear what the complainers on here are doing apart from sitting behind their computer talking shit.