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Old 06-09-2009, 07:33 PM
cyseymour's Avatar
cyseymour cyseymour is offline
Ja,mie B.
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Join Date: May 2009
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The above post is a load of crap if you ask me. They obviously bought back the shares because they held massive cash and the share price was cheap. I seriously doubt Collector's Universe would sell PSA, especially if they have already turned a profit. Of course submissions are down; part of it is the recession. Cards are worth less, so it's less worthwhile to submit. They still hold $20mil cash which is a massive amount of cash, especially considering they are making a profit. Basically the above post is just spreading garbage rumors against PSA - add it to the other PSA hate-mongers on this board. Peace.
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