(8-29-23) Presently My Racehorse has eight thoroughbreds waiting to be offered for fractional ownership owners. For some it seems like the waiting to buy those shares are taking a longer then the usual time it took in the past to be offered.

No official reason has been given on the delay, speculation is rampant but not verified. Somewhere in the process there is an issue delaying the offerings.

Lost Income For MRH

$282,000
$520,000
$571,200
$522,000
$116,600 ??? ‘Sweet As Sin’ MRH owns just 11%
$418,200
$669,500
$348,750

TOTAL= $3,448,250

As the days and weeks go by MRH is paying the bills for each of the the eight thoroughbreds. One key part that is missing is the income from the fractional shares.

Totaling (see above) from the MRH site is the expected income projected for the eight…almost $3,500,000 is presently in limbo because they cannot sell those shares.

So what is the impact for MRH and future share owners? While no one is able to purchase shares some of the eight are already in training and at least one has been in several races. If a potential owner has shown interest in any of the 8 they are getting regular updates. Some of those updates might benefit or hurt the future sales of those shares.

Should someone want to buy just 1 share each of the eight offered the total cost would be $663. Plus MRH recently bought several new possible future offerings at recent sales. The impact of participation will be the key.

Fractional Shares per the 8 offerings

(cost of 1 share per horse)

$94
$39
$112
$87
$53
$82
$103
$93

TOTAL = $663

One offering that might be in jeopardy is ‘Sweet As Sin‘ due to MRH owning just 11%, those who give the final approval on offerings seem to see 51% ownership as the preferred number.

Check out – Nole Ksum Racing Stable