Baltimore News in REA

[Johnny630]

PT Barnum Must Be Smiling on this Idea....


My Opinion AVOID

This Reminds Me of Razzes on Facebook for Slabbed Cards...In theory they know most people cant afford this card so they lure them in with the chance theory be a part of the action maybe you could really own the card or a piece of its major gain..... WRONG

[frankbmd]

Those are pretty sharp corners for a PSA 4. Never get cheated.

[Mrc32]

I think this an interesting offering by Collectable. I've "invested" on 6 of their cards over the last 6 months. Kind of fun to see. You have to really be careful on the valuations like any other investment.

This one is interesting exactly because of the valuation. If you evaluate this like a stock - this is priced for perfection. In other words - the only way you will make money on this if someone comes around and offers $8 million+ or something crazy for the card. I, for one, don't see that happening.

The card is on display at the babe ruth museum. One would think that as an owner of the card you should receive some % of the the admission to the museum as a dividend. That could be interesting.

But this one is a hard pass for me. I think it is for people who want to say they own the Ruth rookie card only. The structure of the deal is too strange for me.

[MVSNYC]

Originally Posted by Mrc32

This one is interesting exactly because of the valuation. If you evaluate this like a stock - this is priced for perfection. In other words - the only way you will make money on this if someone comes around and offers $8 million+ or something crazy for the card. I, for one, don't see that happening.

This.

[hcv123]

I have been keeping an eye on the platform. They are supposedly under the authority of the SEC - I have not researched or confirmed this. I haven't "invested" in anything yet, but was intrigued by the Ruth. Agree that only 1% being offered seems a bit weird.

[Mrc32]

Originally Posted by hcv123

I have been keeping an eye on the platform. They are supposedly under the authority of the SEC - I have not researched or confirmed this. I haven't "invested" in anything yet, but was intrigued by the Ruth. Agree that only 1% being offered seems a bit weird.

They are under the jurisdiction of the SEC. It really is an interesting process. You become like a "partner" in the card. You have to give over just about every piece of information about yourself when you sign up which is interesting. Like I said I've invested in a few pieces. Made about $80 on my $500 or so invested so far. The buy/sell feature is interesting...after 90 days or so after the IPO you can buy and sell your shares.

One thing I've found interesting is people throw money at almost EVERY ipo. I consider it dumb money. Some of the IPOs are way overvalued at launch. Some are fairly valued. Its a fun process IMO. Will be interesting to see where it goes.....

[Leon]

I don't tend to own much, except stocks, that I can't have and touch. And no respectable shark would do a deal for under 10%. To each their own. I think it's interesting just not for me. So for those reasons, I am out.

With SEC regulation it, hopefully, has to meet certain financial criteria.
But good luck to the company in their endeavor. It certainly adds another dimension to collecting.


.

[Fuddjcal]

Originally Posted by Mrc32

I think this an interesting offering by Collectable. I've "invested" on 6 of their cards over the last 6 months. Kind of fun to see. You have to really be careful on the valuations like any other investment.

This one is interesting exactly because of the valuation. If you evaluate this like a stock - this is priced for perfection. In other words - the only way you will make money on this if someone comes around and offers $8 million+ or something crazy for the card. I, for one, don't see that happening.

The card is on display at the babe ruth museum. One would think that as an owner of the card you should receive some % of the the admission to the museum as a dividend. That could be interesting.

But this one is a hard pass for me. I think it is for people who want to say they own the Ruth rookie card only. The structure of the deal is too strange for me.

They could say it, but they would be VERY dopey, IMHO

[chadeast]

https://collectable.com/disclaimer/

According to Collectable, you are buying ownership interest (membership interest) in an LLC, but not in the underlying asset itself. Anyone considering investing in this should read the page linked above thoroughly.

__________________________________________________ _______

Investors are able to acquire membership interests in only a series of a Collectable Entity, a Delaware series limited liability company (the “Company”), via the Collectable platform and app (the “Collectable Platform” or “Platform”). The use of the word “Share” or ”Stock” in any Communication refers to membership interests (an “Interest” or “Interests”) in a series of a Collectable Entity (a “Series”).

The Company is structured as a Delaware series limited liability company that issues different Series of Interests specific to one or more collectible underlying assets (“Underlying Assets”). Each Series of interests is not a separate legal entity, but is intended to segregate assets, liabilities, profits and taxes pertaining to the Underlying Asset from each other Series of Interests (which may own other assets).

Each Offering entitles a person to acquire an ownership Interest in a Series of the Company and not, for the avoidance of doubt, in (i) the Company, (ii) any other Series of the Company other than the Series of Interests subject to the Offering at that time, (iii) Collectable Sports Assets LLC. (the “Manager” and the “Asset Manager”), (iv) the Collectable Platform or (v) any Underlying Asset held by each Series of the Company.



Risks relating to the structure, operation and performance of the Company

An investment in an Offering constitutes only an investment in that Series and not in the Company or directly in any Underlying Asset.
__________________________________________________ _________


Here is some good advice from Collectable.

"Prospective investors are not to construe the contents of the Communication as legal, business or tax advice. Each prospective investor should consult its own advisors as to legal, business, tax and related matters concerning the subject matter of the Communication and any applicable Offering."