River City Ranches #4 - Page 115




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          772871 lack registration certificates.  See infra Appendices H              
          and I, indicating those of these "breeding sheep" to which a                
          certificate was matched.                                                    
               None of petitioners' witnesses (including Mr. Barnes and               
          Randy) elaborated as to why so many of these above breeding sheep           
          that RCR #4 and RCR #6 purportedly purchased (which sheep                   
          petitioners and their experts argue were high quality                       
          Rambouillets and Suffolks having values ranging from $500 to                
          $2,130) were never ultimately registered.  Indeed, the Court                
          believes that, in all likelihood, these allegedly "registerable             
          Rambouillets and Suffolks" were never registered with national              
          sheep breed associations because (1) such "breeding sheep" were             
          fictitious and did not exist and (2) the bill of sale parentage             
          asserted for them was patently dubious.                                     
               Petitioners' matching efforts have not convinced the Court             
          of the actual existence of anywhere close to the stated total               
          number of breeding sheep that purportedly were sold each                    
          partnership.  We do not accept petitioners' claims that their               
          problems in substantiating each partnership's breeding sheep stem           
          merely from "sloppy data entry" in preparing the original bills             
          of sale that Mr. Barnes issued.  Indeed, we do not believe that             
          these many bill of sale "errors" (which petitioners have now                
          acknowledged) were inadvertently made without Mr. Barnes' and Mr.           
          Hoyt's knowledge.  The RCR #4 bill of sale that Mr. Barnes issued           






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