Horse betting site Youbet.com Inc. is limping painfully down what may be the home stretch.
One business it acquired has put the company $15 million in debt, and another recent purchase was shut down amid government investigations. A client that brings in a quarter of its business has been caught in a litigation battle and has frozen its contract.
Its stock price has dropped below $1 and Nasdaq has threatened to delist the company.
Youbet.com's shares traded at around 76 cents last week, after a long dive from their peak at $6 in 2005.
The company doesn't have a permanent chief executive. Former CEO Chuck Davis walked away in November and the company's chief ...