Quote:
Originally Posted by Peter_Spaeth
Yah, what could possibly go wrong in a sportscard buying syndicate?
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laughing all the way...!
Peter - I think the idea is to have liquidity for the fractional ownership. You can buy/sell the fractional ownership but the goal is to make sure you're not the last group holding the fractional ownership if/when the cardboard Ponzi scheme collapses.
Ok, I shouldn't call it a cardboard Ponzi scheme because I'm ignorant to the innerworkings of this type of "investment". However, I don't want any part of it unless I'm on the ground floor when the fractional ownership is being purchased so that I can sell my fractional shares at a profit and can spend those profits on cardboard that I can hold in my hands. Either that or be voted the dude that holds on to the asset.