Quote:
Originally Posted by Casey2296
Golden now has to answer to CU and the stakes are much higher, for perspective if they had to pay the freight on a $200,000,000 loan at 7% the interest alone would be north of $1.6 million per month or $415,000 per weekly auction.
Of course the pressure is on, CU paid at the top of the market with drunken projections for the future and a poorly designed platform.
Don't lose sight that Ken is a really, really good salesman and the CU gang were using OPM for their purchase.
It's an exhausting high stakes game that hobbyists don't even need to engage in, imho.
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Imma go out on a limb and suggest that the weekly auctions aren’t paying much of the debt service here. It’s the premier auctions that are doing the heavy lifting.
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Trying to wrap up my master mays set, with just a few left:
1968 American Oil left side
1971 Bazooka numbered complete panel
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