PWCC Statement on Recent Card Trimming Concerns

[Fuddjcal]

Originally Posted by bnorth

I understand that everything that has been uncovered to this point isn't even a scratch on the tip of a very huge iceberg.

I don't understand the mind set of those that don't understand how shady the hobby is. My favorite part is how they think something could be going on but it doesn't affect them. I love the I collect this and the scammers stay away from it because there is no real $ in it.LOL dream on sucker. Scammers are selling $2 fake autographed cards up to the most expensive card in the hobby.

Lets not forget the morons who think their PSA card(s) are not affected because this is something new.LOL PSA has been a scam since the beginning. They 100% need to fail if this hobby is going to go forward and clean itself up.

I know my posts are not very popular on this forum but at least they are honest.

You are absolutely correct. Some people will go into Car analogies instead of just opening their eyes and see the nose in front of their face.

I hope PSA goes bankrupt much like I hoped GM would go bankrupt back in 1982 when My Trans Am was a lemon. I never purchased another GM piece of S***. My dream came true many years later but then the government inexplicably bailed them out. Maybe PSA will get bailed out by the Government?

There's your car analogy for the day car guys, enjoy....

[Peter_Spaeth]

Meanwhile CLCT stock has recovered and then some from the drop the other day. Not so easy to short stock as some folks seem to think.

[CuriousGeorge]

Originally Posted by Peter_Spaeth

Meanwhile CLCT stock has recovered and then some from the drop the other day. Not so easy to short stock as some folks seem to think.

It's very easy to short and is up today on 10K shares.

[Dpeck100]

Originally Posted by CuriousGeorge

It's very easy to short and is up today on 10K shares.

It might be easy to get shares to short but it is a terrible short.

No liquidity and the open interest in the options market is tiny with massive spreads.

It is one thing to not like CLCT and hope for its demise but a terrible trading stock.

[Peter_Spaeth]

Originally Posted by CuriousGeorge

It's very easy to short and is up today on 10K shares.

Maybe with inside information, but otherwise not so sure about that.

[CuriousGeorge]

Originally Posted by Peter_Spaeth

Maybe with inside information, but otherwise not so sure about that.

What does inside information have to do with whether it’s easy to short or not? And aside from that with what we have seen on this board and blowout over the past few weeks would you want to be a shareholder of this company?

[Peter_Spaeth]

Originally Posted by CuriousGeorge

What does inside information have to do with whether it’s easy to short or not? And aside from that with what we have seen on this board and blowout over the past few weeks would you want to be a shareholder of this company?

If by easy you simply mean the process, then nothing, but I thought you were referring to the chances of success.

I wouldn't want anything to do with this stock in either direction at this point. I think the market impact of this stuff is very hard to predict.

[CuriousGeorge]

Originally Posted by Peter_Spaeth

If by easy you simply mean the process, then nothing, but I thought you were referring to the chances of success.

I wouldn't want anything to do with this stock in either direction at this point. I think the market impact of this stuff is very hard to predict.

Now I understand what you meant. And as for where the stock goes I guess it depends on how much liability and litigation comes out of this. Probably tough to tell now but I know if I thought I had an affected card I would not let them get away without honoring their guarantee.