new member introduction

[Peter_Spaeth]

Originally Posted by scgaynor

I wanted to take a minute and clear up some confusion about the T206 Wagner card. There is a lot of misinformation floating around. This information has been posted before, but since the thread is so long, it is worth summarizing.

Scoreboard purchased the card from Dave Kohler in 1997. The card was used as a promotional piece for 1997 All Sport PPF. There were 25 redemption certificates randomly inserted into packs, if they pulled a redemption card, they were sent a Wagner card (not the T206). All of those redemption cards were then put into a larger raffle to win the T206. Scoreboard filed for bankruptcy before the winner could be drawn, and the card was sold at auction in 1999. In a bankruptcy filing some creditors are considered priority by the bankruptcy court and paid first. The rest of the creditors are paid with whatever is left over. People who were to receive redemptions were considered by the court to be the lowest priority.

While Ken was the face of the company for several years before the bankruptcy, Ken had left the company in the Summer of 1997 before it went into bankruptcy. After he left the board of directors mismanaged the company and Scoreboard went into bankruptcy in the Spring of 1998. The assets were sold in 1999 and purchased by a company called the Oxford Group. What they did with the Wagner card is unknown. Since the sales of assets are sold by the courts through auction, there is no way, as some are suggesting, that Ken could have kept the card, especially since he was no longer involved with the company that owned the card.

All of this is a matter of public record.

Scott sorry I may be misunderstanding you, but in one paragraph you say the Wagner was sold at auction in 1999, in the next paragraph you say what the company who bought Scoreboard's assets out of bankruptcy did with the card is unknown. Can you clarify? EDIT TO ADD Maybe the point is that Oxford Group bought the card in a bankruptcy court auction but it isn't known what it, in turn, did with the card?

[DJR]

The Oxxford Express, Inc. ("Oxxford")
240 West Parkway
Pequannock, NJ 07440

Another address:
POMPTON PLAINS, NJ 07444-1029

http://members.ebay.com/ws/eBayISAPI...=newscoreboard
NEWSCOREBOARD.COM

''Aug 4, 1998 -- The Score Board, Inc. ("Score Board"), a marketer and ... to Oxxford Express, Inc. ("Oxxford") for a purchase price of $2400000.''