PWCC expands its lending activities

[Yoda]

If by any chance there is a vault run, I hope all cards are present and accounted for, audited by an outside 3rd party. I only say this because of PWCC's less than stellar reputation. And if any cards that were used for loan collateral are missing.....Gulp!

[Snowman]

Certainly interesting. 100+ employees sure feels like a lot for the operation they're running. As a point of comparison, Rick Probstein says he has 35, and those are mostly minimum wage kids/young adults.

[Peter_Spaeth]

Originally Posted by Snowman

Certainly interesting. 100+ employees sure feels like a lot for the operation they're running. As a point of comparison, Rick Probstein says he has 35, and those are mostly minimum wage kids/young adults.

Rick doesn't have the side businesses like a vault. He doesn't have to maintain his own platform. Etc.

[Snowman]

Originally Posted by Peter_Spaeth

Rick doesn't have the side businesses like a vault. He doesn't have to maintain his own platform. Etc.

Ya, PWCC has to maintain a website and a large database as well. And they have a finance department and sales people. I wonder how their gross revenues compare though?

[conor912]

Originally Posted by Snowman

those are mostly minimum wage kids/young adults.

Just who I want handling my consignments.

[Peter_Spaeth]

Originally Posted by Snowman

Certainly interesting. 100+ employees sure feels like a lot for the operation they're running. As a point of comparison, Rick Probstein says he has 35, and those are mostly minimum wage kids/young adults.

https://www.sportscollectorsdaily.co...loyee-layoffs/

[parkplace33]

Originally Posted by Peter_Spaeth

https://www.sportscollectorsdaily.co...loyee-layoffs/

PWCC still has 130 employees, according to company founder and CEO Brent Huigens, who confirmed that about 25 percent of the company’s workforce was let go.

25 percent. Yikes!

[Republicaninmass]

Should bode well for earnings. When is the conference call

[Peter_Spaeth]

Huigens says PWCC is developing new robotics to handle an increased volume of submissions to its platform and is “incrementally introducing new features on our new digital marketplaces over the coming months, and we are preparing to release a robust financial services tool to the world.

[raulus]

Originally Posted by Peter_Spaeth

Huigens says PWCC is developing new robotics to handle an increased volume of submissions to its platform and is “incrementally introducing new features on our new digital marketplaces over the coming months, and we are preparing to release a robust financial services tool to the world.

Wow.

That seems like a whole lot of ambitious plans. I guess we’ll see how they turn out.

[aconte]

Originally Posted by Peter_Spaeth

Huigens says PWCC is developing new robotics to handle an increased volume of submissions to its platform and is “incrementally introducing new features on our new digital marketplaces over the coming months, and we are preparing to release a robust financial services tool to the world.

And yet if true from the Linkedin post, severance pay was a no go for those
cut loose last week....smh

[timzcardz]

Originally Posted by Peter_Spaeth

https://www.sportscollectorsdaily.co...loyee-layoffs/

I found the choice of words to start the article very amusing!


"One of the trading card market’s largest companies trimmed . . . "

.

[Peter_Spaeth]

Originally Posted by timzcardz

I found the choice of words to start the article very amusing!


"One of the trading card market’s largest companies trimmed . . . "

.

Yeah that was rich lol.