I have a hard time believing the horse sector is a billion dollar one.
The horse industry is a multi-billion dollar sector! If memory serves, there was a post the other day suggesting the total value approaches 40 BILLION DOLLARS! It is a big industry and this is EXACTLY the problem that a broke inexperienced Pinky like EHOS faces! The industry is driven by large well-financed highly experienced players and companies, all of which are already well entrenched! With the spread of available gambling options, the U.S. horse racing industry is scrambling to survive, while the gambling portion of the business, including on-line, is saturated!
THERE IS LITTLE OR NO SPACE FOR A "SELF-PROCLAIMED" HORSEPLAYER THAT IS APPARENTLY A FIRST TIME CEO, WITH NOTHING REALLY SPECIAL TO OFFER! IF THERE WAS "SOMETHING SPECIAL", THE SWITCH FROM MJ TO HORSES WOULD HAVE BEEN ANNOUNCED AND PROMOTED, WHEN BAGLEY WAS INITIALLY APPOINTED!
Who knows what's going on here, but IMO, it will not end well with the focus being on horses! BTW...IMO, MJ had no chance either! Very simply, the company has no money, no assets, no products, no intellectual property, no expertise, has not filed a financial report in two and a half years, has de-registered with the SEC, and, with multiple billions of shares Outstanding, who knows what the share structure actually looks like?