Investors in Collectable concerned: 'They are holding our items hostage'

[ullmandds]

we all make mistakes...I guess I'll expect to never retrieve my 2K partial ownership of that plank t206.

[4815162342]

Originally Posted by ullmandds

we all make mistakes...I guess I'll expect to never retrieve my 2K partial ownership of that plank t206.

Say it ain’t so, Pete.

[brunswickreeves]

Reminds me of the Simpsons episode: Bart, Milhouse and Martin buy Radioactive Man No.1

https://m.youtube.com/watch?v=xZ98cOqnwTA

[4815162342]

Originally Posted by brunswickreeves

Reminds me of the Simpsons episode: Bart, Milhouse and Martin buy Radioactive Man No.1

https://m.youtube.com/watch?v=xZ98cOqnwTA

Did the comic book dealer take the kids’ money and keep the book?

[brunswickreeves]

Originally Posted by 4815162342

Did the comic book dealer take the kids’ money and keep the book?

No, the general downside aspect of human conflict related to co-ownership

[4815162342]

Originally Posted by brunswickreeves

No, the general downside aspect of human conflict related to co-ownership

Sure, co-ownership conflicts can be tricky. But I was aiming at a more specific scenario. Imagine if Comic Book Guy took the kids’ money and then displayed the comic without letting them ever see it again—that’s closer to what Collectable investors are experiencing. They have ownership on paper but no real control or access to their items.

[Peter_Spaeth]

So an investor in a particular item is stuck until Collectables deems it appropriate to sell the item?

[Snapolit1]

Owning a fractional share of an asset held in someone else's vault.

A dream come true.

[Leon]

It's like owning stocks you don't control. Who in their right mind does that? Might as well take your money to Vegas. Odds are probably better!
.

Originally Posted by Snapolit1

Owning a fractional share of an asset held in someone else's vault.

A dream come true.

[nolemmings]

If you want it, here it is, come and get it
Mmmmm, make your mind up fast
If you want it, any time, I can give it
But you'd better hurry 'cause it may not last
Did I hear you say that there must be a catch?
Will you walk away from a fool and his money?

[ullmandds]

Originally Posted by 4815162342

Say it ain’t so, Pete.

oh well! i am guilty of a momentary episode of stupidity. I've done very well on the vast majority of my hobby expenditures...minus this and a rare fernando tatis card. we all make mistakes. I've learned to stay in my lane.

[nolemmings]

Sorry Pete, I didn't mean to aim my badfinger at you. Hopefully you'll at least get your money back at some point.

[ullmandds]

Originally Posted by nolemmings

Sorry Pete, I didn't mean to aim my badfinger at you. Hopefully you'll at least get your money back at some point.

i believe the last time I checked my "investment" was worth about 1/2.

As Frank Fritz(RIP) used to day...a few G's ain't gonna make or break me!!!

[Leon]

Originally Posted by ullmandds

i believe the last time I checked my "investment" was worth about 1/2.

As Frank Fritz(RIP) used to day...a few G's ain't gonna make or break me!!!

It still sucks but a few g's wouldn't make my top 100 mistakes....

[Hankphenom]

Originally Posted by ullmandds

oh well! i am guilty of a momentary episode of stupidity. I've done very well on the vast majority of my hobby expenditures...minus this and a rare fernando tatis card. we all make mistakes. I've learned to stay in my lane.

Some smart Wall Street guy once said "Everyone deserves to lose their shirt in the markets once in their life and learn from it." When Covid first hit and the Dow dropped to 18K, I couldn't believe watching it crawl back to 25. I thought, "every restaurant in America is going to close until they get a cure, how in the world could the markets actually be going up?" My broker couldn't answer that question and sold me--at my insistence--the worst double short ETF in history, whereupon the Dow continued to climb to 40K. I'd had enough and bailed at 30K and only lost 60% of my investment, but the lesson was priceless. I only wish I'd been smart enough to put the proceeds into vintage BB cards instead of a 1% MM fund, but who knew?

[packs]

I wouldn't invest in this venture but I'm not sure I understand the nature of some of the complaints. I don't think a fractional investor should have the authority to pressure a sale. If someone is in dire need of money and I'm not, it's not always in my best interest to sell because someone else's needs to.

[brianp-beme]

I believe this card was held hostage at one point, but its captors were willing to release him with my pennies on the dollar ransom offer.

Brian (unfortunately since the time of him being a hostage, the anguish of his captivity caused him to break down into two pieces, which was not the case when these pictures of him were taken during happier times)

[Fuddjcal]

Originally Posted by ullmandds

oh well! i am guilty of a momentary episode of stupidity. I've done very well on the vast majority of my hobby expenditures...minus this and a rare fernando tatis card. we all make mistakes. I've learned to stay in my lane.

ah, that's two mistakes...Sorry about that chief. ETF and Fernando Titus Jr.