And then there were 2

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Posted By: Mark

What does everyone think about the PSA-GAI merger? IMHO, I think it will be bad for collectors to have only two choices.

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Press ReleaseSource: Collectors Universe, Inc.
Collectors Universe, Inc. Announces Acquisition of Global Authentication Inc.
Friday April 1, 2005, 11:49 am ET
NEWPORT BEACH, Calif., April 1 /PRNewswire-FirstCall/ -- Collectors Universe, Inc. (Nasdaq: CLCT - News), today announced that it has entered into a merger and acquisition agreement with Global Authentication Inc. Global Authentication authenticates and grades sports collectibles, including high-end authenticated trading cards and memorabilia. Professional Sports Authenticator, a division of Collectors Universe, similarly provides value-added authentication and grading services with respect to sports collectibles. Pending antitrust approval, the merger is expected to be completed by April 30 and will give Collector’s Universe an estimated 80-85 percent market share of the sports collectibles authentication market. Joe Orlando, President of PSA and PSA/DNA, issued the following statement: “Both PSA and Global have are well-known brands in the collectibles industry and the synergy that will result from this combination of both companies’ expertise will be good for our worldwide network of dealers and good for collectors.” Global Authentication was started by former employees of Collector’s Universe and its offices are located in the adjacent city of Irvine, California.

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Posted By: Hal Lewis

APRIL FOOL'S ????

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Posted By: Bottom of the Ninth

Nothing on any of news wire services web sites either.

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Posted By: Richard Dwyer

Just talked to GAI. No way! Just a cruel joke.

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Posted By: Mark

OK OK, I didn't know people would actually call GAI on this, those guys are my buds - yes it was an April Fools joke.

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Posted By: Wesley

Good one Mark! Who said tax guys don't have a sense of humor?

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Posted By: Bryan Long

I wish I would thought of it Got people stirred up for a second.

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Posted By: Mark

Sorry, I didn't mean to upset anyone and certainly didn't anticipate someone calling GAI..I am talking to them today, so I will apoligize to them. I didn't mean to spice things up quite that much. Thanks Wes and Bryan.

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Posted By: leon

That's ok. I've been told the board is boring since Brian and I took over the reins. This helped a little......nice one....later

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Posted By: Bob Marquette

I was in disbelief and shock until I realized what day it was. Nice one

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Posted By: Scott Forrest

It would have been like mixing rotten apples with moldy oranges.

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Posted By: Julie

gathering indescriminate parts from old cars and trucks, and scattering them in the woods near her schoolhouse. Then she arranged for the Fire Department to visit her class and tell them that an ailen spaceship had crashed in the woods...

Hee. Wonder how it came out...

Well done, Mark! But having talked to representatives from both companies, no way would it ever happen. GAI actually hires people with brains.

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Posted By: warshawlaw

hit it right on the nose! LOL

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Posted By: Julie

and it's out with the needle-nosed pliers, I'd be tempted to agree with you. But otherwise, no. GAI seems pretty good to a (very occasional) buyer...

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Posted By: Gets My Vote

Let's make the 1st of April:
Slab Haven Day!

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Posted By: Anonymous

..waiting for the immenent takeover of SGC by GAI..
...2 years ago.