PWCC contract with SGC cancelled???

[Johnny630]

I guess everyone has their price……

https://m.youtube.com/watch?v=lgj3_W...Y24OYCMrncxrrc

[Oscar_Stanage]

Originally Posted by Johnny630

I guess everyone has their price……

https://m.youtube.com/watch?v=lgj3_W...Y24OYCMrncxrrc

this is certainly true.
one thing that SGC might bring to the table is capacity. they are the only grader who solved the bottleneck problem and invested in their own capacity. PSA might be a little worried about losing some business for making people wait a year for cards. If they acquire SGC they can probably cut their backlog in half. SGC has definitely mastered the grading process.

[Peter_Spaeth]

Originally Posted by Wid_Conroy

this is certainly true.
one thing that SGC might bring to the table is capacity. they are the only grader who solved the bottleneck problem and invested in their own capacity. PSA might be a little worried about losing some business for making people wait a year for cards. If they acquire SGC they can probably cut their backlog in half. SGC has definitely mastered the grading process.

I admittedly haven't done a sophisticated analysis, but neither is this AT&T thinking about buying Sprint, or even PSA as public company needing shareholder approval, it's one very wealthy guy and his partners. If they can take out probably their best competitor for relatively little money by their standards, and acquire badly needed graders in the process, why not do it?

[BeanTown]

Maybe there will be one registry for all graded cards if enough mergers/buyouts happen. This is one of the main reasons as a collector, I would never grade a card until it’s time to sell.

[Casey2296]

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

[Peter_Spaeth]

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Nobody suggested PSA had bought PWCC, did they?

[chadeast]

Originally Posted by Peter_Spaeth

Nobody suggested PSA had bought PWCC, did they?

I'm assuming that he was referring to Brent Martin.

[carlsonjok]

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

[Peter_Spaeth]

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Brent used the word "still" maybe that was significant in context. I can't remember the HSR thresholds now, I'll have to look that up. They're fairly large though. I thought the transaction size had to be somewhere around $90 million.

[Casey2296]

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

No doubt. I wanted to get some feedback from an SGC rep in case they want to make a larger statement here or on their website.

[Johnny630]

To me PSA is Arrogant enough to not honor SGC grades. Don’t put it past them.

God I hope this doesn’t happens, Dave Keep The Company Please.

[Peter_Spaeth]

Originally Posted by Johnny630

To me PSA is Arrogant enough to not honor SGC grades. Don’t put it past them.

God I hope this doesn’t happens, Dave Keep The Company Please.

But they make up for it by honoring their own when confronted with proof of alteration.

[steve B]

Originally Posted by Peter_Spaeth

But they make up for it by honoring their own when confronted with proof of alteration.

Neither of them do that.

[Peter_Spaeth]

Originally Posted by steve B

Neither of them do that.

Perhaps I wasn't clear but we have certainly seen PSA reaffirm its grade on cards outed by BODA.

[whiteymet]

I go back to my original post that started this thread.

Why would PWCC tell a consignor that PSA was buying SGC and that PWCC's contract with SGC was being cancelled?

Is there an ulterior motive PWCC would have to tell a consignor this story that Nat is denying?

[Johnny630]

Originally Posted by whiteymet

I go back to my original post that started this thread.

Why would PWCC tell a consignor that PSA was buying SGC and that PWCC's contract with SGC was being cancelled?

Is there an ulterior motive PWCC would have to tell a consignor this story that Nat is denying?

Probably Spoke Out of Place When he Shouldn’t have. A story usually always changes a little from each person it’s passed down to.

[notfast]

Originally Posted by whiteymet

I go back to my original post that started this thread.

Why would PWCC tell a consignor that PSA was buying SGC and that PWCC's contract with SGC was being cancelled?

Is there an ulterior motive PWCC would have to tell a consignor this story that Nat is denying?

Maybe the actual info was lost in translation between the 5+ people it went through before being posted here.

[swarmee]

Originally Posted by Peter_Spaeth

Perhaps I wasn't clear but we have certainly seen PSA reaffirm its grade on cards outed by BODA.

BGS has done it a couple of times last year as well.

[steve B]

Originally Posted by Peter_Spaeth

Perhaps I wasn't clear but we have certainly seen PSA reaffirm its grade on cards outed by BODA.

I meant that neither company backs up any sort of guarantee. Even if they're completely wrong.

[Peter_Spaeth]

Originally Posted by steve B

I meant that neither company backs up any sort of guarantee. Even if they're completely wrong.

SGC no longer even has one.