Collectors Universe releases fourth quarter and fiscal year end earnings today

[Rhotchkiss]

Originally Posted by Peter_Spaeth

Much of the value of the Wagner, IMO, now lies in its notoriety. The usual rules that would apply to discounting a card to an AUTH have no application in this unique case.

Agreed. That Wagner is worth a fortune, not because of the grade, but because it’s “that” Wagner. It’s poetic that PSA’s first graded card was altered, but that’s not the hook we should hang our hats on here. And, if I had $10mm I needed to invest, I think the Gretzky Wagner would be a phenomenal investment; but I admit I would not want it in any holder other than what it’s in (not for the grade but for the controversy, which is part of the allure).

[Peter_Spaeth]

Lolol.

[oldjudge]

That quote would probably be more impactful if the unidentified analyst was not using an unidentified language.

[Peter_Spaeth]

Originally Posted by oldjudge

That quote would probably be more impactful if the unidentified analyst was not using an unidentified language.

More likely a transcription error. Do you think nobody really told Joe about the allegations against Souza and Maxwell?

[Mark17]

Originally Posted by Peter_Spaeth

More likely a transcription error. Do you think nobody really told Joe about the allegations against Souza and Maxwell?

As a legal matter, is Orlando required to be 100% truthful on a call like this? In other words, if this thing ends up in some sort of litigation, and if there is testimony involving who knew what, and when... IF Joe was being less than truthful when stating he had no knowledge of the allegations mentioned, could he have possibly put himself in legal jeopardy?

I know that managers of simple LLCs are required to reveal any inside information they are aware of, that could negatively impact the value of the LLC.

[Peter_Spaeth]

Originally Posted by Mark17

As a legal matter, is Orlando required to be 100% truthful on a call like this? In other words, if this thing ends up in some sort of litigation, and if there is testimony involving who knew what, and when... IF Joe was being less than truthful when stating he had no knowledge of the allegations mentioned, could he have possibly put himself in legal jeopardy?

I know that managers of simple LLCs are required to reveal any inside information they are aware of, that could negatively impact the value of the LLC.

Securities fraud suits very frequently feature statements by executives/answers to questions on analyst calls among the alleged false and misleading statements. That said, the statement/answer would have to be material, and I doubt that this particular answer could be deemed material.

Nonetheless, it's hard for me to believe PSA is not monitoring developments and that nobody told Joe that two former graders have been accused of trimming cards. Or maybe they are so arrogant they don't even monitor?

[Republicaninmass]

All these boobs shorting CLCT stock just got their pockets ripped out