It is not credible to suggest as Peters's said tonight that during his conversation with Owen Glenn on 14 December they discussed how Owen's horse was going to run in the the Big Race - the Melbourne Cup.

Mr Peters agreed there had been a phone conversation between himself and Mr Glenn on December 14 2005, but he said he could not recall talking about money...

....Mr Peters said Mr Glenn also made mention he had a horse running in the Melbourne Cup and may have asked for lawyer Mr Henry's contact details..

NZ Herald

The Melbourne Cup is always run the first Tuesday in November - five weeks earlier. Glenn and his trainer would have no idea of what horse (if any) was going to run in the Cup a year later.