Baltimore News in REA

[Fuddjcal]

Originally Posted by Mrc32

I think this an interesting offering by Collectable. I've "invested" on 6 of their cards over the last 6 months. Kind of fun to see. You have to really be careful on the valuations like any other investment.

This one is interesting exactly because of the valuation. If you evaluate this like a stock - this is priced for perfection. In other words - the only way you will make money on this if someone comes around and offers $8 million+ or something crazy for the card. I, for one, don't see that happening.

The card is on display at the babe ruth museum. One would think that as an owner of the card you should receive some % of the the admission to the museum as a dividend. That could be interesting.

But this one is a hard pass for me. I think it is for people who want to say they own the Ruth rookie card only. The structure of the deal is too strange for me.

They could say it, but they would be VERY dopey, IMHO

[chadeast]

https://collectable.com/disclaimer/

According to Collectable, you are buying ownership interest (membership interest) in an LLC, but not in the underlying asset itself. Anyone considering investing in this should read the page linked above thoroughly.

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Investors are able to acquire membership interests in only a series of a Collectable Entity, a Delaware series limited liability company (the “Company”), via the Collectable platform and app (the “Collectable Platform” or “Platform”). The use of the word “Share” or ”Stock” in any Communication refers to membership interests (an “Interest” or “Interests”) in a series of a Collectable Entity (a “Series”).

The Company is structured as a Delaware series limited liability company that issues different Series of Interests specific to one or more collectible underlying assets (“Underlying Assets”). Each Series of interests is not a separate legal entity, but is intended to segregate assets, liabilities, profits and taxes pertaining to the Underlying Asset from each other Series of Interests (which may own other assets).

Each Offering entitles a person to acquire an ownership Interest in a Series of the Company and not, for the avoidance of doubt, in (i) the Company, (ii) any other Series of the Company other than the Series of Interests subject to the Offering at that time, (iii) Collectable Sports Assets LLC. (the “Manager” and the “Asset Manager”), (iv) the Collectable Platform or (v) any Underlying Asset held by each Series of the Company.



Risks relating to the structure, operation and performance of the Company

An investment in an Offering constitutes only an investment in that Series and not in the Company or directly in any Underlying Asset.
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Here is some good advice from Collectable.

"Prospective investors are not to construe the contents of the Communication as legal, business or tax advice. Each prospective investor should consult its own advisors as to legal, business, tax and related matters concerning the subject matter of the Communication and any applicable Offering."