Trot Insider has learned that three horses are among the first approved transfers from Bulletproof Enterprises
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As per the January 28, 2010 Notice to the Industry issued by Executive Director John Blakney, one of the conditions of the immediate suspension was that any horse owned by Perfect World Enterprises, Bulletproof Enterprises. Goldfinger Enterprises, Seize the Day Industries & VAE LLC" cannot be transferred to new ownership without the written permission of the ORC.
On February 1, the ORC formed a panel of three Judges - Senior Judge Patricia Webb, William Maertens & Brian Newton to deal with all ownership transfer requests. All prospective owners must provide a written request to the ORC for permission to purchase any suspended horses to be eligible to race in Ontario.
The panel of Judges created a five-page questionnaire that all prospective buyers must answer. The panel also developed a "Statutory Declaration for transfer of ownership from a suspended standardbred owner" that is sent to each applicant and must be filled out, witnessed and sent back to the panel for review. The panel of Judges will conduct a due diligence on each request. After going through what is tantamount to a screening process, the panel will make a decision to either approve or deny the request.
The next step is for the buyer to have the hard card registrations, signed by the owner, delivered to the panel of Judges along with a photo copy of a certified cheque or bank draft payable to the registered owner - in this case Bulletproof Enterprises.
Finally, if the request is approved, the panel of Judges will write a ruling "Ownership Transfer Approved" and deliver this ruling along with the registration papers to Standardbred Canada's Registrar Pat Kennedy. If the request is denied a ruling will also be written "Ownership Transfer Denied."
Locke sent his request for permission to purchase three horses - Amazon Art, Power Off and Waffles And Cream - from Bulletproof Enterprises to the ORC on February 3. After completing all requirements, permission was granted on February 25.