1953 Topps PSA 10 Mickey Mantle IPO on Collectible App a Game Changer

[ergoism]

See you guys in about 3 months.

[BLongley]

Originally Posted by ergoism

See you guys in about 3 months.

Evan the guy running it is from Hilltop a hedge fund that got out of Technology and into energy in 2016.... good luck!

[Republicaninmass]

Originally Posted by BLongley

Evan the guy running it is from Hilltop a hedge fund that got out of Technology and into energy in 2016.... good luck!

Impeccable at timing the top of the market!


Couldnt have made worse decisions.

Mark this as the top of the card market.

[Delray Vintage]

Nothing wrong with fractional ownership if the valuation is fair. Owning a fractional share of an overvalued company(card) is not a good idea. If the Mantle 10 is worth 2.5 mil at auction then a fractional share is a fair investment. If the value is $1.25 million at auction then you are paying double the current value to own a fraction. As a minority owner you will have no say in how or when the card is sold. Not sure what liquidity you have if you want to resell the share.

[Republicaninmass]

How did they get all their contact Info? I never signed up to my knowledge

[sbfinley]

Originally Posted by Delray Vintage

Nothing wrong with fractional ownership if the valuation is fair. Owning a fractional share of an overvalued company(card) is not a good idea. If the Mantle 10 is worth 2.5 mil at auction then a fractional share is a fair investment. If the value is $1.25 million at auction then you are paying double the current value to own a fraction. As a minority owner you will have no say in how or when the card is sold. Not sure what liquidity you have if you want to resell the share.

I agree with you when it comes to static assets, but if you look at the past decade “overvalued” companies are pretty much what have paid the bills. The majority of the leading gainers have been riding PE’s of anywhere from 15-1 to 40-1. Investing in something “overvalued” isn’t necessarily a losing proposition.

[philliesphan]

What's the most lucrative way to cash out of my ETopps portfolio to diversify into this exciting, new brand of card-based profiteering?

[Republicaninmass]

Hmm now they have an article by that hack Siedman?

How did they get their contact list again?

[oldjudge]

Let me get this right-the owner of the card is an owner of the fund. Is that correct? So he makes money on the listed valuation for the card (I believe i heard that it originally sold for $1 million) and the fees the fund charges? Is that correct? Who determines when the card will be sold? How are positions marked to market if trades do not take place? What oversight body is regulating these transactions? If there are gains for investors are these collectible gains or ordinary capital gains? Are there truly independent board members? Thanks for any answers.

[Lorewalker]

Originally Posted by oldjudge

Let me get this right-the owner of the card is an owner of the fund. Is that correct? So he makes money on the listed valuation for the card (I believe i heard that it originally sold for $1 million) and the fees the fund charges? Is that correct? Who determines when the card will be sold? How are positions marked to market if trades do not take place? What oversight body is regulating these transactions? If there are gains for investors are these collectible gains or ordinary capital gains? Are there truly independent board members? Thanks for any answers.

Yeah what could possibly go wrong there, oldjudge?

I am perplexed how an outsider of this newly formed company with knowledge of the ins and outs of investing on Wall St would support such a venture but ok. Maybe I am missing something. I would love to hear answers to your questions.