WinStar Gets in the Microshare Business

[Dahoss]

Originally Posted by freddymo

I am against these hopeless money grabs, but this one seems ok. The colt ran a big figure after they bought the horse. Isn't that how people monetize their investment? I am a partner in a group that buys horses, hope they run well, and then hope to receive offers for more than we paid. Trust me, if the colt we have would have beaten that half to Justify the other day or came in second with a 90+ figure, we would have gotten offers. I am failing to understand what Winstar is doing wrong? They bought a colt; the colt seems fast on BSF's, and they are taking money off the table. Don't owners do that every day?

You’re a very generous guy. I shouldn’t have to explain to you why an organization that pretty much prints money like WinStar probably doesn’t need to be fleecing unsuspecting people. Essentially, they are (through the investment group) charging people desperate to be involved $50 for what amounts to text messages about how the horse they “own” is doing.

This is a money grab. The valuation is okay I guess, but how many of the people that are going to pay their $50 know the horse was just purchased for $110,000 three months ago?