09-10-2020, 07:03 PM
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Doug Goodman
Member
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Join Date: Apr 2009
Location: On the road again...
Posts: 5,113
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Quote:
Originally Posted by Rhotchkiss
Anyone know who is behind the company and/or where they are getting their cards from? I think that info is very relevant in determining the viability of the company and the valuations of the underlying cards.
Here is my concern- I have some very expensive cards, including a t206 wagner. I could start a company and start with my wagner, selling 25000 shares at $100/share and turn my $1mm wagner into a $2.5mm card. Better yet, I could sell off only 12500 shares, keep 50%, and be totally cashed out with no risk to me. The point is, there is tremendous potential for abuse and I would be very interested to know who is behind the company, whether they own the cards they selling shares of, how they are valuing these cards, etc.
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Nailed it
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