ethical question

[vintagecpa]

The Sloan letter isn’t the greatest PR move, but is exactly what I would recommend. PSA has probably already made the decision that they won’t be writing any checks to PCWW or any other customers that submitted a large number of tainted cards. It only makes sense to make PCWW write as many checks to cover claims first. PSA is also buying time to see how big the potential liability is when the dust settles.

[perezfan]

Originally Posted by vintagecpa

The Sloan letter isn’t the greatest PR move, but is exactly what I would recommend. PSA has probably already made the decision that they won’t be writing any checks to PCWW or any other customers that submitted a large number of tainted cards. It only makes sense to make PCWW write as many checks to cover claims first. PSA is also buying time to see how big the potential liability is when the dust settles.

Again- Looking out only for themselves and their own profits. Nothing they do is in the true interest of the collector.

Perhaps Ben stated it best...

"The best part is the people you scam are also the ones sticking up for you".

If alive today, PT Barnum would be quite proud.

[Peter_Spaeth]

There is no doubt PT today would have started a grading service.

[vintagecpa]

Originally Posted by perezfan

Again- Looking out only for themselves and their own profits. Nothing they do is in the true interest of the collector.

Perhaps Ben stated it best...

"The best part is the people you scam are also the ones sticking up for you".

If alive today, PT Barnum would be quite proud.

They are a publicly traded company. Every decision they make will put the best interests of the shareholders first. If this scandal is as big as many suspect, writing the a check for every bad card could either bankrupt the company or turn it into a penny stock.

[perezfan]

Originally Posted by vintagecpa

They are a publicly traded company. Every decision they make will put the best interests of the shareholders first. If this scandal is as big as many suspect, writing the a check for every bad card could either bankrupt the company or turn it into a penny stock.

Fully understood... But as a collector, I personally would not be investing heavily in an entity that puts its customer so far behind its shareholder.

Referring back to Ben's quote, I only hope people consider this mindset as they decide where to put their money, moving forward. If PSA is that incompetent at what they purportedly do, perhaps bankruptcy is the best outcome. Right now, the self-appointed "experts" possess all of the power. The balance of power needs to shift significantly, from corporation to collector.

Because without us, there is no hobby, and no PSA. Yet the hypnosis continues. What a scam