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RE : CLUB WAUGH RACING Options
punta
Posted: Thursday, June 05, 2008 10:29:44 PM
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Joined: 4/22/2008
Posts: 154
Location: Melbourne
buddylove
Posted: Thursday, June 05, 2008 10:29:56 PM
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Joined: 10/5/2007
Posts: 4,750
Location: Melbourne
Porkpiehat wrote:
Try searching for Topic: "Public Comments from syndicate members"
Smile


cheers, found it
Thank you Dr E.
Posted: Friday, June 06, 2008 12:14:58 AM
Rank: Sports Guru
Groups: Member

Joined: 12/11/2007
Posts: 1,083
... ahhh, the Sport of Kings! ... the glamour, the excitement! ... go on, have a go, get involved!

... you came across what!??? ... slow horses! ... shady deals (they call it horse trading you know!)! ... colourful racing identities!

Gee, who'd have thought ......?Rolling Eyes
Porkpiehat
Posted: Friday, June 06, 2008 12:26:28 AM
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Joined: 5/5/2008
Posts: 118
Location: The Bay
I think the colorful racing identities we have come across are colored BROWN.
AussieGal05
Posted: Friday, June 06, 2008 5:47:52 AM
Rank: Sports Guru
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Joined: 5/7/2008
Posts: 201
Location: Sydney
Well now I understand alot of things.... Thus the *Club* in Waugh... I would have thought they crossed their Qs and Ts...... as a flash back who can remember the Shane Warne/ Mark Waugh international betting scandal???? years ago??? how they were * believed * to bet on their own match with a bookie???? saids alot now and makes sense.... mudd sticks......


Happy Punting All Smile

<... will read that website posted above..
faytiges
Posted: Friday, June 06, 2008 8:39:55 PM
Rank: Advanced Member
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Joined: 3/14/2008
Posts: 108
Location: melbourne
Just checked the weekly update: Due to the rain etc., DELAGO STAR will trial mon 16th... He's not even one of our bloody horses.... This is CWR1 .. how pathetic is this.... Unfortunately they have "expanded" our term to the end of this year, I just want it all to end....
Delago Star... now I wonder, how much of my money actually went to purchasing this horse ?????
AussieGal05
Posted: Friday, June 06, 2008 10:51:48 PM
Rank: Sports Guru
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Joined: 5/7/2008
Posts: 201
Location: Sydney
Faytiges, very interesting, they have expanded your terms BECAUSE WHATEVER MONEY YOU HAVE EARNT HAS PROBABLY GONE TO BUYING THIS COLT FOR THEM TO REAP THE REWARDS IN THE LONGTERM..... with YOUR MONEY....

Whilst tinkering on my pc I found the following: OWNERS DETAILS
Mr R L ROULSTON
MR S W JONES
MR J C STEWART
MR M E WAUGH
JACOBSON BLOODSTOCK PTY LTD
MRS J M INGLETON
MRS L FINNIGAN
MR J C GARARARD
MR R A HARRINGTON

Trainer: Kim Waugh Wyong

4 Yr Old Bay Gelding D.O.B 10/11/2003
Prize money: $90,350.00

So the thing is ?????? if She has purchased a Horse for CW #1 WHO THE HELL ARE THESE OTHER PEOPLE??????????

So whatever your other winnings or sale of a horse has gone to buy OTHER PEOPLE A RUNNER NOT YOU......

Notice Roulston and M Waugh in there grrrrrrrrrrr

2 wins and one fourth from the 2/2/08
AussieGal05
Posted: Friday, June 06, 2008 10:54:39 PM
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Location: Sydney
Sorry nearly forgot The registered members of the JACOBSEN BLOODSTOCK PTY LTD(Synd) Syndicate are:

MR P N JACOBSEN (Mgr)
MRS M J JACOBSEN (Rep)
MR E T WHITING
MR G E DELANEY

I wonder the break up of the layout of monies here?????? has anyone questioned it in CW#1???

Happy Punting All Rolling Eyes
buddylove
Posted: Friday, June 06, 2008 10:56:36 PM
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Joined: 10/5/2007
Posts: 4,750
Location: Melbourne
Thats very shady if no information has been given
NoMoreWaughs
Posted: Saturday, June 07, 2008 1:05:04 AM
Rank: Advanced Member
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Joined: 5/27/2008
Posts: 54
faytiges wrote:
Just checked the weekly update: Due to the rain etc., DELAGO STAR will trial mon 16th... He's not even one of our bloody horses.... This is CWR1 .. how pathetic is this.... Unfortunately they have "expanded" our term to the end of this year, I just want it all to end....
Delago Star... now I wonder, how much of my money actually went to purchasing this horse ?????


WOW! This is bordering on comical now(Delago Star etc)...Does anyone else smell what I do because I can't help but feel they are rubbing our noses in it. Surely someone within the Club Waugh 'family' has viewed this forum. Well if you are viewing this please ponder the fact that there won't be a Club Waugh #4! Word is spreading and bad news travels further and faster than good so put that in your pipe and smoke it Waugh's.
NoMoreWaughs
Posted: Saturday, June 07, 2008 1:11:52 AM
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Joined: 5/27/2008
Posts: 54
I tilt my hat to you Bernardino. The public would probably never have heard about the 'Scooter' fiasco without your efforts. Cheers.
AussieGal05
Posted: Saturday, June 07, 2008 12:19:08 PM
Rank: Sports Guru
Groups: Member

Joined: 5/7/2008
Posts: 201
Location: Sydney
Yes news does travel fast, and I have a trainer friend of mine who I have told about this forum as well. Horsey news travels fast I can tell you and it wont be long hopefully till the bubble bursts on this shady lot. THE WHOLE LOT OF THEM..... NO MORE CLUB WAUGH I say Smile


Happy Punting All Smile

chaffeater
Posted: Sunday, June 08, 2008 4:19:47 PM
Rank: Newbie
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Joined: 6/1/2008
Posts: 4
Location: subiaco wa
yea a few trainers and syndicaters will be real keen on this thread what do ya reckon Whatsie Denno
purple patch
Posted: Monday, June 09, 2008 1:04:25 PM
Rank: Sports Guru
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Joined: 6/9/2008
Posts: 205
Location: Sydney
To be quite honest,i think Kim has gone down hill fast since she hooked up with the Waughs...she was ok before that.
wrenchie_5
Posted: Monday, June 09, 2008 1:43:08 PM
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Joined: 4/20/2008
Posts: 380
Location: Central Coast
havnt heard anything back from ACA yet.
AussieGal05
Posted: Monday, June 09, 2008 5:39:24 PM
Rank: Sports Guru
Groups: Member

Joined: 5/7/2008
Posts: 201
Location: Sydney
Wrenchie-5 hi, Smile, have patience, Im sure they have enough stories to chase up or are chasing up it might take time for them to get back to you. Also their legal teams scour every avenue I am sure of every story so they have to check and cross their Qs and Ts so to speak.
I was speaking to my cousins today and they said that Syndication trainers get anything from 60- 80% of moneys and its better to go smaller. He had a horse with Gai Waterhouse many years ago a group 1 winner and now sire of many yearlings over the years and he would know.
No news on HarryKay and his bogus *fetlock needing only cream injury* L*, gee you have to laugh or you would cry seriously.
I agree with the above though, since she linked up with the Waughs its been nothing but trouble and cunning plans ( sounds like baldrick L* )..
Hey maybe??? noooo lol...
Anyway, crossing fingers ACA come to the rescue...

Happy Punting All Smile

P.S Cant wait for the new rejuvinated Randwick track and stands when WYD is over with looking forward to some upgraded changes.
bernardino
Posted: Monday, June 09, 2008 7:53:40 PM
Rank: Advanced Member
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Joined: 5/8/2008
Posts: 125
Location: Sydney
CLUB WAUGH No 2 MEMBERS: The following is a copy of my letter to Robert Roulston, Chairman of the Club Waugh No 2 Syndicate. Despite the fact that we (the investors/members) pay for his office to "communicate" with members there has been no reply. If you would like to discuss this matter with me, please call me on 9 363 3059 or 0400 802 122.
I have never before encountered a public company that did not respond to inquiries from shareholders. Robert Roulston and his fellow directors, Mark and Kim Waugh, apparently do not feel that they are obliged to observe this accepted business requirement. Indeed they seem to believe that they can do whatever they want without any accountability. I disagree.


3 June 2008

Mr Robert Roulston
Chairman
Club Waugh No 2 Sydnicate


Dear Mr Roulston

_*RE: YOUR LETTER OF 20 MAY 2008 AND THE DIRECTORS' RESOLUTION*_

1. Your "VOTING PAPER" enclosed with the abovementioned correspondence is invalid because it makes no reference to the matter upon which the shareholder is asked to vote, nor is it dated. As it stands, anyone who ticked, signed and returned it could be voting on any Directors' Resolution.

2. As far as I am aware you have not provided shareholders with a summary of the syndicate's current - and projected - financial position (how much money is left is respect of sale proceeds, prizemoney etc) to enable them to understand the financial position of the syndicate. Without this data how can they be expected to make an informed decision on your latest proposal?

3. You have supplied no information to support your contention in the penultimate sentence of your paragraph headed Shareholders Vote that "we have had a very large number of responses to our previous request for indications from Shareholders willing to continue the lease of Kelendria, with all bar two or three respondents being in favour of continuing Kelendria's lease through a separate entity " etc. This view seems contrary to the growing discontent from members about the conduct of the Club Waugh No 2 Syndicate as reflected by their comments on the internet.

4. Have you considered asking your fellow director Mark Waugh to channel his profits from selling Scooter to the syndicate towards meeting the costs of training Kelendria on behalf of the syndicate? After all as a leased horse it has no potential value to us apart from any prizemoney it may or (given the experience with Scooter and King Armstrong) may not earn, does it? Presumably it will be returned to the owner at the end of the lease?

5. Could you kindly advise me how many people attended the last AGM of the Club Waugh No 2 Syndicate and forward me a copy of the Minutes.

I look forward to your earliest response.

Yours sincerely

Bernard Shirley
Member No 204





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buddylove
Posted: Monday, June 09, 2008 10:09:57 PM
Rank: Sports Guru
Groups: Member

Joined: 10/5/2007
Posts: 4,750
Location: Melbourne
bernardino wrote:
CLUB WAUGH No 2 MEMBERS: The following is a copy of my letter to Robert Roulston, Chairman of the Club Waugh No 2 Syndicate. Despite the fact that we (the investors/members) pay for his office to "communicate" with members there has been no reply. If you would like to discuss this matter with me, please call me on 9 363 3059 or 0400 802 122.
I have never before encountered a public company that did not respond to inquiries from shareholders. Robert Roulston and his fellow directors, Mark and Kim Waugh, apparently do not feel that they are obliged to observe this accepted business requirement. Indeed they seem to believe that they can do whatever they want without any accountability. I disagree.


3 June 2008

Mr Robert Roulston
Chairman
Club Waugh No 2 Sydnicate


Dear Mr Roulston

_*RE: YOUR LETTER OF 20 MAY 2008 AND THE DIRECTORS' RESOLUTION*_

1. Your "VOTING PAPER" enclosed with the abovementioned correspondence is invalid because it makes no reference to the matter upon which the shareholder is asked to vote, nor is it dated. As it stands, anyone who ticked, signed and returned it could be voting on any Directors' Resolution.

2. As far as I am aware you have not provided shareholders with a summary of the syndicate's current - and projected - financial position (how much money is left is respect of sale proceeds, prizemoney etc) to enable them to understand the financial position of the syndicate. Without this data how can they be expected to make an informed decision on your latest proposal?

3. You have supplied no information to support your contention in the penultimate sentence of your paragraph headed Shareholders Vote that "we have had a very large number of responses to our previous request for indications from Shareholders willing to continue the lease of Kelendria, with all bar two or three respondents being in favour of continuing Kelendria's lease through a separate entity " etc. This view seems contrary to the growing discontent from members about the conduct of the Club Waugh No 2 Syndicate as reflected by their comments on the internet.

4. Have you considered asking your fellow director Mark Waugh to channel his profits from selling Scooter to the syndicate towards meeting the costs of training Kelendria on behalf of the syndicate? After all as a leased horse it has no potential value to us apart from any prizemoney it may or (given the experience with Scooter and King Armstrong) may not earn, does it? Presumably it will be returned to the owner at the end of the lease?

5. Could you kindly advise me how many people attended the last AGM of the Club Waugh No 2 Syndicate and forward me a copy of the Minutes.

I look forward to your earliest response.

Yours sincerely

Bernard Shirley
Member No 204





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It good to know fellow members are prepared to take a stand. Thanks
AussieGal05
Posted: Tuesday, June 10, 2008 5:04:46 AM
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Joined: 5/7/2008
Posts: 201
Location: Sydney
Good luck Bernadino, there definitely should be a minutes book detailing all. Under a *Club* and not a *syndicate* you should have a yearly financial report for sure, for a break down in costs, expenses, purchases, the whole lot. Its so darn shady geez, where does it all end?


Happy Punting All Smile
buddylove
Posted: Tuesday, June 10, 2008 7:43:05 PM
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Joined: 10/5/2007
Posts: 4,750
Location: Melbourne
159 to 14 in favour.....what the hell Laughing
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