1953 Topps PSA 10 Mickey Mantle IPO on Collectible App a Game Changer

[slidekellyslide]

Can someone explain to me why they would put money into something that they can't get out of unless the majority owner decides to sell. What if he never decides to sell?

[swarmee]

Originally Posted by slidekellyslide

Can someone explain to me why they would put money into something that they can't get out of unless the majority owner decides to sell. What if he never decides to sell?

They have the plan to allow shares to be sold to others while the original asset is just sitting in the vault unsold.

[slidekellyslide]

Originally Posted by swarmee

They have the plan to allow shares to be sold to others while the original asset is just sitting in the vault unsold.

So you can sell to others who have already invested in the same card? Or new investors? Or both? And I'm assuming the share price never drops from the original investment price, but you'll just have to pay a commission fee to sell?

And let's say Mike Trout kills a hooker and his cards drop in value...can you sell at your same investment cost?

[swarmee]

Originally Posted by slidekellyslide

So you can sell to others who have already invested in the same card? Or new investors? Or both? And I'm assuming the share price never drops from the original investment price, but you'll just have to pay a commission fee to sell?
can you sell at your same investment cost?

The price will float along with the demand for the shares. If the demand is higher and the share increases 30%, then the card market value would be computed at $3.5 million. If shares start dropping, you can still sell them at a lower price. But yes, you have to do them within the App; that's the exchange. So you can sell to anyone else who has the app installed, I would expect.
And surely there will be transaction costs. That's part of mining the most value out of this project.
Also, IMO, highly susceptible to pump and dumping.

[slidekellyslide]

Got it...thanks!

[Lorewalker]

Originally Posted by swarmee

The price will float along with the demand for the shares. If the demand is higher and the share increases 30%, then the card market value would be computed at $3.5 million. If shares start dropping, you can still sell them at a lower price. But yes, you have to do them within the App; that's the exchange. So you can sell to anyone else who has the app installed, I would expect.
And surely there will be transaction costs. That's part of mining the most value out of this project.
Also, IMO, highly susceptible to pump and dumping.

Alt and Colletable just seem like accidents waiting to happen for potential "investors". I just cannot see anything favorable taking place for anyone who is buying in. Whatever happened to the good old days of doing pack wars? This sh!t just got real.