Mr. Brown is spot on in his assessment of the info, in fact there are still major flaws that need to be addressed.
As an example, note the horse
Star Lillie in the 3rd at Belmont on Thursday, May 10th.
http://edbain.com/pp/Belmont/5-10-2012/3
Bain stats show the last start for this horse as 05Sep11SAR, when in fact the horse race on April 15th 2012 at Aqueduct over the turf course.
http://www.brisnet.com/bris_link/pdfs/darley_916742.pdf
Please be very careful using Bain stats, hopefully all issues will be solved in the near future.