Collectors Universe releases fourth quarter and fiscal year end earnings today

[Mark17]

Originally Posted by Peter_Spaeth

More likely a transcription error. Do you think nobody really told Joe about the allegations against Souza and Maxwell?

As a legal matter, is Orlando required to be 100% truthful on a call like this? In other words, if this thing ends up in some sort of litigation, and if there is testimony involving who knew what, and when... IF Joe was being less than truthful when stating he had no knowledge of the allegations mentioned, could he have possibly put himself in legal jeopardy?

I know that managers of simple LLCs are required to reveal any inside information they are aware of, that could negatively impact the value of the LLC.

[Peter_Spaeth]

Originally Posted by Mark17

As a legal matter, is Orlando required to be 100% truthful on a call like this? In other words, if this thing ends up in some sort of litigation, and if there is testimony involving who knew what, and when... IF Joe was being less than truthful when stating he had no knowledge of the allegations mentioned, could he have possibly put himself in legal jeopardy?

I know that managers of simple LLCs are required to reveal any inside information they are aware of, that could negatively impact the value of the LLC.

Securities fraud suits very frequently feature statements by executives/answers to questions on analyst calls among the alleged false and misleading statements. That said, the statement/answer would have to be material, and I doubt that this particular answer could be deemed material.

Nonetheless, it's hard for me to believe PSA is not monitoring developments and that nobody told Joe that two former graders have been accused of trimming cards. Or maybe they are so arrogant they don't even monitor?

[Republicaninmass]

All these boobs shorting CLCT stock just got their pockets ripped out

[Johnny630]

Originally Posted by Republicaninmass

All these boobs shorting CLCT stock just got their pockets ripped out

Now is the time to sell it...sell it quickly

[wondo]

Originally Posted by Johnny630

Now is the time to sell it...sell it quickly

Why?

[Johnny630]

Originally Posted by wondo

Why?

52 week high.....right now I believe that the hobby is largely ignoring the scandal...the us economy is doing very very well.....this might have 5%10% more on the upside. My belief is when this comes to full scale, the crippling amount of altered cards in their holders, along with the upcoming presidential political environment I see no reason to hold on to this at these levels. That’s just me...

[wondo]

Originally Posted by Johnny630

52 week high.....right now I believe that the hobby is largely ignoring the scandal...the us economy is doing very very well.....this might have 5%10% more on the upside. My belief is when this comes to full scale, the crippling amount of altered cards in their holders, along with the upcoming presidential political environment I see no reason to hold on to this at these levels. That’s just me...

Thank you for your pointed answer - refreshing. Personally, I don't believe the scandal will affect CLCT price significantly if at all. Demand continues to soar and revenues are increasing. The fact that the economy is robust and the political climate uncertain would lend itself to a potential pullback - kinda like "What goes up must come down" effect. However, that wouldn't single out a particular stock. CLCT's historical high was back in 2017, so the growth would not be unprecedented.

All that being said, if I would go out and buy some shares, I can pretty much guarantee the demise of the company. My track record is that good!!!

[Peter_Spaeth]

Originally Posted by Republicaninmass

All these boobs shorting CLCT stock just got their pockets ripped out

Indeed. The train keeps on a rollin'.