PSA Likely to be Sold...Then Out of Business? - Part 2

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Posted By: JimCrandell

I think if there is one thing we have learned from the financial crisis is that once you lose the confidence of your customers its over. You can still be liquid and solvent but if the customers are nervous about your viability they will probably steer their trades to the other guy.

Same concept here. If Eric B wants PSA to go out of business or to be sold its posts like this that will help accomplish it. Not saying he shouldn't post stuff like this but its obvious that the net effect of this will be that readers of Network 54 are going to be less willing to submit their cards to PSA in fear that their could be a financial "event" which will cause them a delay in getting their cards back.

Similar case with Mastro Auctions. No question the posts on Mastro Auctions has made collectors/dealers less likely to consign their cards to them perhaps hastening their demise.

I am submitting another 500 for review and another 500 raw to PSA.

Jim