I can care less about the runny dialogue with jillybeans, but truthfully, aren't you wondering why Churchill is going down right now? You seem to be a smart person. You have to see the fallacy between Tracknet's public statements and actual policies designed to keep their signals exclusive.
The remark about twinspires being profitable sooner than expectations is likely to be very misleading. Where do the purse guaranties made by Tracknet to Ellis Park, Gulfstream and very likely others come out of on the income statements of Magna and Churchill? Magna is struggling yet TrackNet keeps their signals exclusive with guaranties to horsemen (e.g. Florida and Gulfstream). Magna could sell their signals on their own and be far ahead of where they are at now.
I am trying to be fair to the man. These purse guaranties from Tracknet to Ellis park, Gulfstream, Oaklawn(?) and likely others have to be accounted for somewhere on the operating statements. Churchill can bury them in the investment portion related to TrackNet, but they have to wash out eventually. How much did Tracknet have to fund Ellis due to the substantial purse declines by keeping the signal exclusive? What happens at GP once SA starts ramping back up and the handles at GP start to decline? What about any handle declines at Oaklawn?
These are fair and legitimate questions. This is actual money out that needs to be funded by TrackNet, which in turn is Magna and Churchill owned.