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Futures can be purchased for various classes of horses and guarantee their holder shares in the next claimed horse of that class. Futures are purchased at the maximum per share cost of any given class.
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Purchasing a future is very simple once you are registered user. You only need to select a class and click "Buy it now".
In order to purchase a future, Online Harness Owner does not require that you have the funds available in your account. However, if we have not received the necessary funds within 10 business days we will cancel your future. If by chance the future is fulfilled before your funds have been received, depending on the level of demand, you may lose your right to the shares. To avoid this, we encourage you to ensure that you always have funds available in your account.
There are two factors that will determine how long it takes for your future to be fulfilled.
The first is the availability of a quality horse that meets the requirements of the future. Key to the performance of your investment with Online Harness Owner is the quality of the horse you are an owner of. Because of this, OHO will not claim a horse or purchase a yearling unless we are completely confident that it will bring value to our stable and, in turn, make money for its owners. Until we can find a horse that we feel will bring this value to our stable and meets the requirements of the class, your future will remain unfulfilled.
Secondly, OHO will not fulfill a future unless at least 80% of the available shares for the future are purchased. This is to protect both ourselves, and our clients from experiencing a loss on their investment.
On average, futures will usually be fulfilled within a week of them obtaining the 80% requirement.
During the period that your future is unfulfilled you will earn interest on the amount of your future. This interest is automatically credited against the true-cost of the share when your future is converted at the time of fulfillment.
Currently, our futures earn the following levels of interest:
| Class: |
Annual Interest Rate |
| A1 ($180,000 - $200,000) |
- |
| A2 ($160,000 - $180,000) |
- |
| A3 ($140,000 - $160,000) |
- |
| A4 ($120,000 - $140,000) |
- |
| A5 ($100,000 - $120,000) |
- |
| A ($80,000 - $100,000) |
- |
| B ($60,000 - $80,000) |
- |
| C ($40,000 - $60,000) |
- |
| D ($20,000 - $40,000) |
- |
| E ( - $20,000) |
- |
When your future is fulfilled it is automatically converted into shares of the horse which represents the future. The interest you have earned while holding your future is credited against the true-cost of the horse's shares. The remaining balance from your future is then credited to your account.
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