More on Dave Forman

[Peter_Spaeth]

Originally Posted by Wesley

Thanks for the article.

Ongoing litigation is going to cause irreparable damage to both companies as well as the entire hobby. With so many allegations of criminal activity by both sides, I am sure neither of the principals really want to give testimony under oath.

Wes, are you suggesting we hobbyists are better off not knowing the truth?

[botn]

Actually Peter, Mastro has only identified 4 lots consigned to them by Dave and 3 of those were lots consisting of SGC graded cards. The total for the 4 lots only generated $197,500 in net consignment proceeds out of a reported total consignment figure of over $569,000. So there is still lots of information missing.

[Peter_Spaeth]

Greg, thanks for the clarification. For those of us (apparently a slim minority) who care about the appearance of conflict of interest (card dealer owning grading service), it would also be interesting to know what Dave bought.

[botn]

Well we know he did not buy a certain comic book.

[Peter_Spaeth]

Wes I certainly would like to know the truth about subjects at issue or potentially at issue in this case, but I don't think it will come out. First, the case, in my ever so humble opinion, should settle -- the debt seems clear enough and the fact that so much of it is interest gives flexibility. Second, even if it goes forward, people could take the 5th on certain lines of questioning -- which I guess would tell us something -- or, more likely, lie under oath. Third, there could be a protective order that would prevent disclosure to the public.

[Jewish-collector]

Who wants to see Dave Forman and Doug Allen both attend the Net54 dinner ???? As Mr. Spock would say, "That would be interesting"

[Wesley]

Originally Posted by Peter_Spaeth

Wes I certainly would like to know the truth about subjects at issue or potentially at issue in this case, but I don't think it will come out. First, the case, in my ever so humble opinion, should settle -- the debt seems clear enough and the fact that so much of it is interest gives flexibility. Second, even if it goes forward, people could take the 5th on certain lines of questioning -- which I guess would tell us something -- or, more likely, lie under oath. Third, there could be a protective order that would prevent disclosure to the public.

That would be great for Mastro and SGC then.

[bigtrain]

When I want to invest, I buy stocks, bonds, mutual funds or real estate. I buy baseball cards and memorabilia for enjoyment. If they hold their value...fine. If they lose some value... I won't lose sleep over it. There are too many "investors" in the hobby. Should the problems referred to in this thread cause a few "investors" to leave the hobby, so be it. My collection may lose some of its potential resale value, but buying opportunities will be created.

[Wesley]

Originally Posted by Peter_Spaeth

Wes, are you suggesting we hobbyists are better off not knowing the truth?

Of course not, Peter. All collectors should want to know the truth as we all devote so much time and money in this hobby. And if we can have access to the transcripts from these proceedings with testimony from Dave Forman and Doug Allen, that may help us learn the real answers to some of the questions that we have about SGC and Mastro. I do think Jeff is right though in that "The depositions are going to be utter annihilation."