What do you guys think about..........Cardtarget

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Posted By: Mark

The investors have a lot of faith in the site's integrity. They can't view the cards in person (except for the possiblity that a few of the cards may be brought to shows in the future). So it takes some faith to believe that the cards were purchased in the first place when the IPO raises thousands of dollars for the site's owners. It also takes some faith to believe that the owner holds on to the cards - the shareholders have no right to receive (or view) the card as they do with etopps. There are no auditors, as there are in the case of stocks, to verify to the continued existence of the assets the certificates represent. It would be relatively easy for an unscrupulous owner to sell the cards (perhaps first resubmitting them to PSA/GAI/SGC first to get a different cert number) say to raise money to defend against an SEC lawsuit. I am sure Mike and the site are 100% honest, I'm just saying this business model requires quite a bit of faith.