We made the decision more than a year
ago that we would syndicate Indelible Image,
our 2008, ApHC colt by The Secret. His
pedigree is loaded with World and National
Champions, as well as, World and National
Champion producers! Our goal is to create a
market for Indelible Image foals, by offering
quality, pretty, well bred horses.
We are almost ready to offer the first shares.
I do have a list of people that are interested, and a
list of people that are a definite Go. I would like
your opinion. The first offering will be a total of 10 shares.
They will be available for the 2010 breeding season. One mare the
first year, and two breedings will be available to the share holder the
following years for the “life of the horse”. Of course, there are all those legal
things in the “what if” category. The first year we are going to offer each share for
$5,000. We may retain a couple of the shares of the initial offering. After the first year
10 more shares will be offered at $7,500 (which may go up if he wins a big title). The cost of owning will be based on 20 shares. It will be minimal. Hoping around $50 a month or less. That includes, vet, farrier, insurance, and promotion. All monthly fees will be deposited to the promotional account that will include training, etc. I can’t even feed a horse for that. It will be nice to have the best without all the cost…don’t you agree.
The third or fourth year the share holders will decide if they want to sell International shares…any profits will be divided among the share holders.
Our group is going to be a little than your average syndicate. I like to think of our breeders as a “marketing group”. We are looking for a few good breeders that share our philosophy. We have a couple of great mares that are consistent producers. We want to own a part of the bragging rights, right up to the stallion’s name.
With every breeding share:
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We will deposit $1,000 to the Promotion, Incentive, and Futurity account. I t will be fully funded at
$20,000. That money will be available for the syndicate members to decide how much and where we
spend it. We have it before we spend it! There are no unknown surprises in the mail for added expenses.
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There will be an Indelible Image Futurity every year. It will be held during the World Show (similar to
NSBA). Every Indelible Image get in the designated classes are entered automatically. We pay back to
3 places. The first year will be current year foals. The second year will be current year, yearling halter
foals and yearling longe line and Hunter In Hand. The third year; the members decide. I anticipate the
payback will be $1,000 to 1st, $750 to 2nd, $500 to 3rd. You do not have to win the World Show class,
but be placed in the top ten.
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$1,000 will be paid back to the horse by Indelible Image with the highest number of Open points. A
minimum of 10 points will be needed to qualify.
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Every horse by Indelible Image will receive $100 for the first open halter point earned every year the first
5 years of the syndicate. At that time it will be decided by the share holders.
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All advertising and training fees will be taken from the promotion account owned by the syndicate.
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Each share will be fully insured.
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All benefits are transferable with the sale of your Indelible Image foal.
We want people looking for Indelible Image foals first.
Our goal is to breed good mares and reward the owners for the hard work. We are competing with ourselves and the promoting our own breeding program. If each share holder earned one point on their foals, we would move Indelible Image to the top of the leading breeders list which would be one more star on the resume for your foal.
We have a very limited number of mares. The way we plan to expand the broodmare band is to offer breeding shares to a few good mare owners that share our philosophy, and want to own a part of the stallion they are promoting. We want to share the success along the way. I would love to see a crowd in the win picture!
Now, for us the tough part will be that Indelible Image will probably have to go live somewhere else in a warmer climate for his training and showing. He is a good one and we really like having him around. Let me know what you think! We think he is pretty special.