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#11
09-13-2020, 07:11 PM
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Let me get this right-the owner of the card is an owner of the fund. Is that correct? So he makes money on the listed valuation for the card (I believe i heard that it originally sold for $1 million) and the fees the fund charges? Is that correct? Who determines when the card will be sold? How are positions marked to market if trades do not take place? What oversight body is regulating these transactions? If there are gains for investors are these collectible gains or ordinary capital gains? Are there truly independent board members? Thanks for any answers.
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