PWCC expands its lending activities

[Kidnapped18]

Originally Posted by BobbyStrawberry

The vault thing combined with this loan scheme amounts to basically an online casino, no? I don't see the appeal of card collecting if you never even get to possess the items...

It is similar to owning stocks and bonds these days. You buy what you want and look at it online in your Vault account. I personally have not held a stock certificate in over 20 years and have not held a bond in over 5 years. But I still have ownership of the stocks and bonds. Baseball cards are viewed as assets/investments now whether the "traditional" collector realizes or not. More and more "new" collectors view collecting this way. Whether they get burned or not in the long run well only time will tell...

[Kidnapped18]

Also same with stocks you can buy other stocks on margin. Collectors are hoping and banking on their cards going higher in price/value just like stock investors hope the stock prices go up (unless they are short sellers) so they can sell for a profit and never worry about coming out of pocket for the difference they borrowed.

At some point yes the SEC may get involved but as long as WhiteHawk has its filings in order then they should be fine. PWCC has 175 million reasons to be smiling today.

[Johnny630]

When the PWCC ETF COMING OUT?

[Republicaninmass]

They should use the term Ass-hats