WinStar Gets in the Microshare Business

[Dahoss]

https://www.bloodhorse.com/horse-rac...oshare-company

This entire article is an embarrassment to journalism as a whole, but what I found most interesting is none of the participants even bother hiding what they are doing.

Long story short, WinStar has partnered with a microshare investment group called Commonwealth. Their first offering is in Country Grammar, recent runner up (and big move up first time in Baffert barn) in the Californian.

Check out the math here....WinStar bought Country Grammar for $110,000 in January. Commonwealth bought a 30% stake in him and they are selling 2,277 shares (of their 30%) for $50 a share. That’s $113,850.

How do these people sleep at night?