*Sponsored by Tropical Racing
I hope all of you parents survived spring break season intact, and none of you wound up in viral crowd fight videos from Disney World. Special condolences for those of you in the Upper Midwest who returned from vacation to snow, in Mid-April. Your kids’ teachers are mailing it in for the rest of the school year, but you don’t get that luxury when it comes to your investments. I want to keep our Boardroom Investing partner, Tropical Racing, on your radar as the clock is running out on its Reg A offering.
OFFERING CLOSES APRIL 30!
To learn more about this opportunity, check out the CASE STUDY on Tropical to get an overview of the multi-faceted business model and pathway to victory.
If you’ve been following along over the past few weeks you’ve learned that Tropical has a unique business model with multiple revenue sources. The company races its horses, runs a metaverse gaming platform called Game of Silks, manages equine training facilities, and participates in horse auctions. We’ve gone in depth on the Silks platform in previous communications but we wanted to attach a great YouTube video here as this may be a harder aspect to get your hands around: ADATR with Troy Levy (Game of Silks) – December 10, 2022
But for now I want to pivot to the auction piece today since we are coming up on auction season (as well as racing season!).
👉 Auctions provide operators like Tropical both a chance to monetize young horse assets through sales as well as acquiring future champions that will win at the track and through stud fees.
Tropical runs a syndicate program through its Circle 8 subsidiary and CEO Troy Levy works with the world’s leading auction houses to execute the company’s auction strategy, scrutinizing the physical characteristics and pedigree of each horse. Recently Tropical has partnered with a consignor called Taylor Made Sales Agency to sell young horses. Taylor Made handled the sale of Triple Crown winner American Pharoah, so Troy definitely knows how to pick winners.
Speaking of picking winners, you can follow along with the on track results of Tropical’s racing age horses HERE, and you can watch Troy’s recent appearance on America’s Day at the Races, Fox Sports’ national horse racing show. He walks through how all the pieces fit together in both the physical and virtual worlds. So far in this young season, two Tropical horses have top 3 finishes, More Royalty showed at Mahoning Valley in April and Mount Rundle took third at Turfway Park back in March. Apparently the key to thoroughbred success is to use names that feature words that start with M and R.
In addition to race season prep, Troy and the team are getting ready for the big sales of the year beginning in July with the Fasig-Tipton auctions in July and August (not as catchy as Toyota-Thon or Honda Days) which is for yearling horses. Two horses will be sold at these auctions in Saratoga and then in September, the rest of Tropical’s sale yearlings will be taken to Keeneland for the largest yearling sale in the world.
The two year olds have their big auction this coming weekend at the OBS Spring Sale, and Circle 8 has three horses to sell. For this age group, the auctions include an NFL Combine style workout where buyers can kick the tires on potential acquisitions. You can actually watch the workouts and the auction HERE.
You’re On The Clock
If you’re considering getting on board with Tropical’s investment offering, you need to get out of the paddock and gallop because it ends on April 30. You’ve already read through 27 versions of some sportswriter’s mock draft so stop procrastinating already. Spoiler alert: Jets fans will hate their first round pick, teams will take the Florida and Kentucky quarterbacks too high, and Cleveland will do something dumb. Side note, the Draft may be the one event where the suits are more outlandish than the Kentucky Derby.
Tropical gives you racing age horses that can earn winnings at the track, young horses for sale at auction, a pinhooking business which is essentially equine house flipping, and a Web3 virtual gaming platform all in one company. Troy Levy has taken companies public before in his prior career on Wall Street, so the long term vision for Tropical is to go public as well. For the next few days you still have the opportunity to get in the game.
This offering will allow Tropical to buy more horses and land to build a second training facility. Currently the Reg A offering is priced at $3.50 per unit and with each unit you get one (1) Tropical Racing common share and one (1) common share warrant which can be exercised (purchased) at the price of $5.00 per Tropical Racing common share. The warrants allow the holder to buy the common stock at $5.00 for 18 months following the initial investment.
It’s racing season, make it a good one!
*See disclosures below