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Old 01-10-2007, 01:49 PM
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Default Broadleaf 460 Going Up at 3PM EST - 1/9/07 - Sold Out 35 Minutes

Posted By: Trevor Hocking

Thanks again for the fast reply. I thought you where affiliated with them for some reason. I have no idea why I thought that. I just jumped to a conclusion. Sorry about that.

Ok see here's where I have the problem with this and I would like to note that these are my opinions and all are initialed to them. So here I go....

The problem: I think anyone "investing" in this kind of venture will hurt the hobby, because....

The goal of this endeavor, from what "I" take from reading the site, is to let the little guy own a piece of what they can't normally own because the cost is to high. See I think this site is helping this (to use terms that might suit this conversation) bull card market by competing against possible signal owners. They are creating a service in the long run, if it takes off (which I'm sure it won't) really does a disservice to the hobby at larger, big collectors and small because they will all have to compete at these new share holders bid levels therefore driving the market higher and ever tougher for a signal owner to posses these cards.

Who comes up with the share split of a card? It seems to correlate with the thought value of the card. If that is the case I think you might want to re-think the $2,700 for the T206 BL 460 you just bought stock in. (270 shares & $10 = $2,700 right.) Also who is setting these values if the card was just given in by a owner and not won at auction? Sounds like a lot can be manipulated in that kind of scenario. Hypothetically speaking here, the owner sells at a set high price (over market value) and then buys the card back, at a loss to share holders, because the card was first bought to high and would naturally fall. It's like handing the guy money for holding his cards a little bit. While the site really doesn't get hurt if the cards bottom falls out as they got all there transaction fees already. WOW cool give me money for some card I already own and I will keep some share of it then buy it back for less when they try to sell it at auction. Hey maybe they will have there own auctions to sell the cards? Man they can get all the fees for everything. This all sounds very very shady and to me illegal without some kind of government or outside regulations. I have not really looked into the legal side to this but I think I might a little more now as this ultimately effects the prices of the cards I like to buy.

Trevor Hocking

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