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#1
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Investment?
Nothing wrong with fractional ownership if the valuation is fair. Owning a fractional share of an overvalued company(card) is not a good idea. If the Mantle 10 is worth 2.5 mil at auction then a fractional share is a fair investment. If the value is $1.25 million at auction then you are paying double the current value to own a fraction. As a minority owner you will have no say in how or when the card is sold. Not sure what liquidity you have if you want to resell the share.
Last edited by Delray Vintage; 09-13-2020 at 10:23 AM. Reason: Spelling |
#2
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How did they get all their contact Info? I never signed up to my knowledge
__________________
"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#3
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Quote:
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Always looking for rare Tommy Bridges items. |
#4
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What's the best way
What's the most lucrative way to cash out of my ETopps portfolio to diversify into this exciting, new brand of card-based profiteering?
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#5
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Hmm now they have an article by that hack Siedman?
How did they get their contact list again?
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#6
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Let me get this right-the owner of the card is an owner of the fund. Is that correct? So he makes money on the listed valuation for the card (I believe i heard that it originally sold for $1 million) and the fees the fund charges? Is that correct? Who determines when the card will be sold? How are positions marked to market if trades do not take place? What oversight body is regulating these transactions? If there are gains for investors are these collectible gains or ordinary capital gains? Are there truly independent board members? Thanks for any answers.
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#7
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Quote:
I am perplexed how an outsider of this newly formed company with knowledge of the ins and outs of investing on Wall St would support such a venture but ok. Maybe I am missing something. I would love to hear answers to your questions.
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( h @ $ e A n + l e y |
#8
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For me, the downside risks and unknown outweigh the potential upside. My first concern is the offering price. $2.5M? I wonder how the company determined this is the card’s current value? I suspect this is a nice premium. If so, investors are already starting off underwater from true market value.
Next, who determines the card’s value when the lockout period expires and going forward? How often is it reassessed? How is it determined? How is it communicated? Without this information, I don’t understand how any liquidity occurs. Finally, who determines when it’s time to actually auction the card? What factors and objective criteria does the company use? What if during a market down period, the company’s owner needs to raise cash to cover other investments, pay down debt, wants to invest funds in a higher returning venture, needs to pay alimony in a divorce, etc. If he wants to sell, due to his personal needs, and the market is down, everyone is automatically going to take a bath. However, I suspect the company is playing with house money. It is retaining 60% ownership. I bet the 40% covers the card’s purchase and the administration fees, giving the house a free roll. Like Buffet says, never invest in something you do not understand and know all the details. I’ll risk my hard-earned money in the stock market, not wildcatting. |
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