BUSCAR COMPANY (OTCMKTS:CGLD) Files An 8-K Other EventsItem 8.01. Other Events
1. The company entered its two foals Milania 17 and Sweet Dream 17 into the Keenleand November sale. Milania 17 was sired by Pioneerof the Nile. Pioneerof the Nile’s 2016 weanlings averaged $337,500 at auctions. Sweet Dream 17 was sired by Street Sense. Street Sense’s weanlings colts sold for a median price of $130,000 in 2016.
2. The Company’s mare Sweet Dream’s is in foal to a colt with Tapit. Tapit was the leading sire in 2016, 2015 and 2014. More info on Tapit can be found at http://gainesway.com/stallions/tapit/. The foal is expected to be sold at the 2018 Keeneland November sale.
3. The Company’s mare Sweet Dreams is in foal with American Pharoah. The foal is expected to be sold at the 2018 Keeneland November sale.
4. The Company agreed to stud Milania to War Front and paid a $300,000 stud fee. Additionally, the company purchased insurance in case the Milania didn’t get pregnant. On August 1, 2017, the company notified its insurance company that Milania didn’t get pregnant with War Front after 4 breeding sessions. As a result, the Company will receive a check for $300,000 from its insurance company.
About BUSCAR COMPANY (OTCMKTS:CGLD)
Buscar Company is engaged in acquiring and developing thoroughbred horses. The Company is in the lucrative business of breeding, selling and racing of stakes level thoroughbreds. It focuses on the development of thoroughbreds that can compete in the Breeders Cup and The Triple Crown. It offers investors inside access to the highest levels of Thoroughbred horse racing for an individual owner to compete at the racetracks across the country. It provides horsemanship with a client service that keeps shareholders continuously updated with their horses’ progress. It gives individual an opportunity to be a Thoroughbred owner. The majority of thoroughbreds are owned by partnerships. Under a partnership, each partner pays for their percentage of the horse and associated fees and gets their percentage of any winnings. However, the stable managing the thoroughbred typically charges a monthly fee, plus 5% of any winnings and can mark up the price of any given thoroughbred by as much as $50,000.