I have a feeling Sharp's purchase was a happy coincidence. It is a solid horse.
In his interview, he says he plans to run it next at Kentucky Downs in September. Kentucky Downs is now a top flight track, but it was originally developed by a penny stock - Dueling Grounds, which was traded on the Vancouver Stock Exchange and OTC in the US.
He will be aiming for the Breeders Cup Turf Sprint, where Front Run the Fed finished 4th in last year's race. Although the Breeders Cup isn't until November, the qualifying races have already begun.
But all that aside, Sharp is throwing around a lot of money, as buying a racehorse is only the start of the cost. It shows just how much he is making on his penny stock deals, which is anything but pennies.