milnerton is next asset phumelela rapes

so harry speak with hes friend who is trainer at milnerton for many years he say please no names. i am told larry weinstein and the phumelela big shot du plesis meet the milnerton trainers and tell them they want to sell this place and move them to philippi. these is why i say you can take the poison today is question of time be fore kimberley is sell. asset strip is the way phumelela work for years is why people like markus and bernard kantor is main share holder. they see is value come. also i here larry and louis g go to parliament last week for horse racing debate. i no now what about but to me these guys should no represent the racing community? maybe louis g can come tell us what is go on it seem every thing is top secret like most phumelela thing.

Go back and read the Competition Commission files and you will find that this topic was debated in detail. The P crew denied that Milnerton had any value and could never be sold to save WCR, a point I made at the time was that WCR had sufficient assets at its disposal to turn its own fortunes around, the P argument was that without them they had zero chance... seems I was right.

So lets summarise, P have negotiated 50% of the future profits of WCR in perpetuity! in return for providing some bridging finance while they sell WCR assets ... nice deal... buy their shares, move on ( I certainly have) and enjoy the dividends... its a 1 horse race after all.

Was never in doubt some where was going to be sold

charles i also get tell that investec have first refusal what ever that meen?

Cape Racing is and has been in a shambles for years. They always seem to find the "happy faced village" to be involved. So quite frankly anything would be an improvement. If they can't do it , as they have proven, then get someone that can.

Flash probably means that they have the first right to buy the property. i.e they have the right to buy it should they deem it to be worth the "value" but not the obligation. Free option.

Flash Harry Wrote:

---

> charles i also get tell that investec have first
> refusal what ever that meen?

INVESTEC = B KANTOR

Enough said

running out of assets to sell eh? All the extra grounds around Kenilworth have been sold, Durbanville cannot be sold, Milnerton course sold. The cost of replacing the training establishment complete with trainers, facilities, grooms rehoused etc from Milnerton to Philippi would probably be the same they could get for the property - not making it a viable solution. Philippi is not big enough to house everyone moving over from Milnerton - is there a cinders track at Philippi?

The point I find difficult to comprehend is that Pum believe they can improve the betting and therefore the income
in the WC If that is correct is it necessary to sell Milnerton The logistics to relocate 800? horses is not that difficult
but what about the grooms My trainer tells me must or at least own RDP house across the road from the stables or in Du noon
a few Kms away
Phillipi is also not the safest place in CT
But then of course that does not affect the powers that be

elmer Wrote:

---

> The point I find difficult to comprehend is that
> Pum believe they can improve the betting and
> therefore the income
> in the WC If that is correct is it necessary to
> sell Milnerton The logistics to relocate 800?
> horses is not that difficult
> but what about the grooms My trainer tells me must
> or at least own RDP house across the road from the
> stables or in Du noon
> a few Kms away
> Phillipi is also not the safest place in CT
> But then of course that does not affect the powers
> that be

This action by P seems racially motivated. to make the impoverished Grooms suffer for the court challenge by Mrs Kama.

This is their retribution.

i hope mrs kama helps them now.

they will sell Rondeberg or the West Coast land, sell Milnerton (commercially it is very valuable as it is located in the middle of distribution houses and manufacturing plants etc). I have it on good word it wasn't a meeting to garner how the trainers feel about it but rather a meeting to let them know it is definitely happening. Probably after the Cape Season has ended then.

Why does this Larry Weinstein get involved in this??