PSA Response from President Steve Sloan

[Peter_Spaeth]

Originally Posted by 70ToppsFanatic

What I think isnt the point. The point is that the only thing that really matters is what can be proved, since that is the primary basis upon which people can be compelled to take action to try and improve the situation. It is also the only basis upon which bad actors can have serious adverse consequences put upon them that will, hopefully, serve as an example that discourages similar behavior by anyone else in the future.

As for Brent, it was more than 3 years ago that I got the last piece of the puzzle I needed to determine that PWCC was not being run on the up and up. Both direct from him and indirectly from others who foolishly chose to “brag” about what their roles were with respect to PWCC and people foolish enough to put it all down in writing.

I do not doubt that there are tainted slabbed cards out there for a moment, but I don’t think trying to incite a riot is going to improve the situation any faster nor improve the outcomes of trying address it.

This is going to take some time and resources and given no evidence of misconduct or malfeasance on the part of PSA so far we would not be doing ourselves any favors by becoming adversarial or militant right now based on the little we know to be actual fact. They have more than just the collector constituency to answer to and need to work through understanding what additional info they need, what possible actions can be taken and how to deal with conflicting obligations they may have to various stakeholder groups that they are accountable to. They should be given a chance to do this without the distraction of an angry mob taking away from their efforts.

Dave, with respect, in my opinion your measured, cautious, prudent, careful, thoughtful, etc. approach has never worked in the past. Even when the problem was on a small scale like WIWAG. Many of us have no reason to believe anything is going to change here without a very forceful show of outrage by the ultimate constituency, we the collectors (and honest dealers). Nobody wants to or is trying to incite a riot. People are demanding accountability and change, and the foxes guarding the henhouse are not likely to deliver it. Their incentive appears to be to guard against pressure on the accounting reserve, not to do what is in collectors' best interests. There is very good reason the mob is angry in this case, all our collections likely are infested with altered cards, and all we've heard is if you can figure it out for yourselves call your seller. No riot -- change.

PS it doesn't take a genius to extrapolate from what's been found on BO in a short period of time with a very limited focus to 25 years of grading.