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Posted By: Richard Masson
I was involved in the Pinnacle/Score bankruptcy. Their last significant asset was significant (by both dollars and weight) of unsold sportscard inventory. They couldn't sell it because the amounts owed to the players unions (royalties) exceeded their expected liquidation proceeds. The inventory was destroyed, yet I don't think it had any impact on the value of their cards as collectibles, there were just fewer of them. |
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