View Single Post
  #22  
Old 06-06-2019, 04:22 PM
JeremyW's Avatar
JeremyW JeremyW is offline
Jeremy W.
Member
 
Join Date: Apr 2009
Location: Midwest
Posts: 1,003
Default

Quote:
Originally Posted by Peter_Spaeth View Post
I bet the guarantee seemed like a good idea at the time. I have to believe they have known for a long long time that there was at least potential for liability well over and above the reserve -- it seems likely they were aware of the volume of doctored cards in the hobby and they can only do so much to keep them out -- but they probably never anticipated it could come to the forefront so quickly and dramatically. I would think that, more than the prospect of reduced revenues, would be the concern of a large investor at this point.

If the stock takes too big a hit there might be a way to fashion a securities fraud suit against CU, as well as whatever collector suits against PSA people are considering.
I'm the owner of a very small business & can't imagine the amount of requests for returns & reimbursement that must be going on between PWWC & PSA.
Reply With Quote