[Exhibitman]

Good points, Kevin and Jeff.

Jeff, no surprise on the records destruction front. It is one of the gaping holes in the legal system, IMO. I'm sure you know that corporate counsel in fact create and implement record destruction policies for their companies. If done as part of a standard practice with no claims pending against them it is treated by the courts as acceptable conduct. The fact that it plays right into the hands of the crooks out there is brushed under the rug.

I did want to respond to one point about altered cards and third party graders (TPG). I can confirm one instance of TPG repurchases of bad cards: SGC bought back a bad ex-mt graded T206 Waddell portrait I owned. I had questions about the card once I got it and took it with me to the National, where I got Dave to take a look at it. He agreed it was erroneously encapsulated and immediately offered to buy it back. I understand PSA is a bitch to get any admission of error from--fortunately I've never had to go down that path personally--but I cannot even get them to fix errors in their boxing card registry checklists, and I wrote the catalog...