Company Overview
| Company Name |
CAPALL STABLES, INC. |
| Company Address |
205 AVE DEL MAR #974
SAN CLEMENTE, CA 92674 |
| Company Phone |
(949) 461-1471 |
| Company Website |
-- |
| CEO |
Joseph Wade |
| Employees (as of 12/31/2012) |
1 |
| State of Inc |
DE |
| Fiscal Year End |
12/31 |
| Status |
Filed (12/24/2012) |
| Proposed Symbol |
-- |
| Exchange |
OTCBB |
| Share Price |
$0.01 |
| Shares Offered |
27,000,000 |
| Offer Amount |
$270,000.00 |
| Total Expenses |
$4,014.00 |
| Shares Over Alloted |
-- |
| Shareholder Shares Offered |
27,000,000 |
| Shares Outstanding |
449,250,000 |
| Lockup Period (days) |
180 |
| Lockup Expiration |
-- |
| Quiet Period Expiration |
-- |
| CIK |
0001564609 |
The selling stockholders are selling shares of common stock covered by this
prospectus for their own account. We will not receive any of the proceeds from
the resale of these shares. We have agreed to bear the expenses relating to
the registration of the shares for the selling security holders. We estimate
the total cost relating to the registration herein to be approximately $9,000
which is being paid by the Company.
Our main competitors in California that actively purchasing thoroughbreds or
claiming races include, but are not limited to, Midwest Thoroughbreds, Inc.,
Kenneth and Sarah Ramsey, WinStar Farm LLC, George and Lori Hall and Zayat
Stables LLC. Many of our competitors are better capitalized than we are and
as a result we may suffer significant competitive disadvantages. In particular,
we may have insufficient funds to meet our other operating expenses. We may
not have the financial resources to undertake certain medical care for our
horses. As a result of any of the foregoing or for other reasons, we may be
required to sell one or more of our horses in order to fund our cash needs.
Company Description
Capall Stables, Inc. was incorporated under the laws of the State of Delaware
on October 10, 2012, under the name SOB Stables. On March 1, 2013 the Company
changed its name to Capall Stables, Inc. The Company's business is the buying,
selling and racing of thoroughbreds that can race in the
claiming levels of
thoroughbred racing. Claiming refers to the process by which a licensed person
may purchase a horse entered in a race designated as a “claiming race” for a
predetermined price. When a horse has been claimed, its new owner assumes
title after the starting gate opens although the former owner is entitled to
all purse money earned in that race. Claiming races are the lowest level of
thoroughbred racing and as such provide the lowest average purse money among
the race types. On March 15, 2013, the Company’s subsidiary, Capall Stables
of California, obtained its license from the California Horse Racing Board and
as such may begin claiming and racing thoroughbreds.
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Our principal executive offices are located at 205 Ave Del Mar #974 San
Clemente, CA 92674, and our telephone number is (949) 461-1471.
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