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Posted By: David Smith

I do not know Mr. Fogel or what type of practice he has but does anyone know if Memory Lane or PSA are clients of his??

If so, then conflict of interest would come into play, I would think.

Also, isn't PSA part of a publicly held company? It would be interesting to know how much business Memory Lane provides directly to PSA by using their grading services and indirectly by having a majority of their graded cards in Memory Lane auctions.

As a lot of us know, share price is affected by price/earnings ratio and if PSA derives a nice revenue stream from Memory Lane both directly and indirectly, then the share price will remian high. If Fogel and/or J P Cohen own shares of what, CLCT, then it is in their own financial interest to keep the revenue stream up, even if they own only a few shares.

David