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Originally Posted by BobC
My bad, so many different threads out there, and I haven't tried reading them all. Sorry then, was just sticking to this one thread and saw the comments about financials. The biggest point I was hoping to get across to people is that it will be interesting to see what, if anything, gets into the financials for this 6/30/19 year end. With everything going on, I hope the PSA auditors are made aware of these events and that it is reflected in their Annual Report to some extent.
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Yeah the way it's evolved it's somewhat chaotic on the Board but the events keep unfolding. But certainly the warranty is a big pressure point on Collectors Universe and obviously they have to review the adequacy of the reserve as do the auditors. Of course, since they control the ultimate decisions (short of litigation) as to whether to reimburse, that may play into their calculation. And they clearly, see Sloan's statement several weeks ago, are hoping to foist this onto the sellers.