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  #1  
Old 11-30-2020, 08:53 PM
Rich Klein Rich Klein is offline
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Quote:
Originally Posted by Aquarian Sports Cards View Post
If the company is going private there need be no board.
Sometimes private companies do have advisory boards, so I bet there will be more help on this.
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  #2  
Old 12-01-2020, 07:12 AM
Aquarian Sports Cards Aquarian Sports Cards is offline
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Originally Posted by BRoberts View Post
Lol. Many, many private companies have boards of directors. Especially ones with the value of a PSA.
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Originally Posted by Rich Klein View Post
Sometimes private companies do have advisory boards, so I bet there will be more help on this.
Not seeing how any of this contradicts what I said. A private company is not required to have a board. Yes many do have one, but it is not a legal requirement.
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  #3  
Old 12-01-2020, 11:05 AM
BRoberts BRoberts is offline
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Quote:
Originally Posted by Aquarian Sports Cards View Post
If the company is going private there need be no board is required.
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Originally Posted by Aquarian Sports Cards View Post
Not seeing how any of this contradicts what I said. A private company is not required to have a board. Yes many do have one, but it is not a legal requirement.
Fixed your post.
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  #4  
Old 12-01-2020, 03:33 PM
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swarmee swarmee is offline
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Thinking about the vote of confidence in Joe Orlando... what were they going to say? We're buying the company and firing the top brass? Not bloody likely. Would make a whole lot of negative news for no reason.

Doesn't mean they think he's a long term fix. But he's a necessary evil during the transition time. Think of the new ownership group as the GM of a football team who keeps getting asked when the head coach is getting fired; it will happen in due time.
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  #5  
Old 12-01-2020, 06:48 PM
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Peter_Spaeth Peter_Spaeth is offline
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Originally Posted by swarmee View Post
Thinking about the vote of confidence in Joe Orlando... what were they going to say? We're buying the company and firing the top brass? Not bloody likely. Would make a whole lot of negative news for no reason.

Doesn't mean they think he's a long term fix. But he's a necessary evil during the transition time. Think of the new ownership group as the GM of a football team who keeps getting asked when the head coach is getting fired; it will happen in due time.
Some of us dislike him because we think he favors certain submitters, doesn't do enough to stop doctored cards from getting through, and presides over a culture where dissent and questions are not tolerated. But if you're looking at this purely as a matter of dollars and cents, it's hard to deny that Joe has done a great job growing the PSA brand. The record revenues and backlogs attest to that, as does the fact that the scandal hasn't touched PSA. I'm not sure I would be thinking about replacing him.
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Last edited by Peter_Spaeth; 12-01-2020 at 06:50 PM.
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  #6  
Old 12-01-2020, 07:02 PM
Oscar_Stanage Oscar_Stanage is offline
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Given Nat's background in technology integration, I expect his vision includes greatly reducing the human discretion element in card grading.

Steve Cohen's involvement tells me that he possibly sees an angle for collectibles as an asset class...

Investment/Change in this business is necessary and welcome.

and, nice to know some heavy hitters do not believe we are in a bubble.
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  #7  
Old 01-20-2021, 08:48 AM
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In a stunning development, the merger agreement has been amended to increase the price from $75 per share to $92. Keep in mind CLCT traded as low as $15 or so earlier this year. What scandal?
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Last edited by Peter_Spaeth; 01-20-2021 at 08:49 AM.
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