PWCC contract with SGC cancelled???

Casey2296 · #1 07-07-2021, 07:45 PM

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Peter_Spaeth · #2 07-07-2021, 07:53 PM

Quote:

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Nobody suggested PSA had bought PWCC, did they?

chadeast · #3 07-07-2021, 07:56 PM

Quote:

Originally Posted by Peter_Spaeth

Nobody suggested PSA had bought PWCC, did they?

I'm assuming that he was referring to Brent Martin.

Leon · #4 07-07-2021, 07:59 PM

Quote:

Originally Posted by chadeast

I'm assuming that he was referring to Brent Martin.

I took it a different way but was wrong

.

Peter_Spaeth · #5 07-07-2021, 07:59 PM

Quote:

Originally Posted by chadeast

I'm assuming that he was referring to Brent Martin.

I see, not a name I knew. Phil did you ask him the follow up question, are there discussions?

Casey2296 · #6 07-07-2021, 08:13 PM

Quote:

Originally Posted by Peter_Spaeth

I see, not a name I knew. Phil did you ask him the follow up question, are there discussions?

Yes, I was speaking of Brent Martin, I find it easier to just ask sometimes. I'm not really comfortable asking him follow up questions since it's not my business.

Peter_Spaeth · #7 07-07-2021, 08:17 PM

Quote:

Originally Posted by Casey2296

Yes, I was speaking of Brent Martin, I find it easier to just ask sometimes. I'm not really comfortable asking him follow up questions since it's not my business.

I hear you, and people not under oath often aren't truthful anyhow in my experience. Come to think of it, even under oath...

Casey2296 · #8 07-07-2021, 08:29 PM

Quote:

Originally Posted by Peter_Spaeth

I hear you, and people not under oath often aren't truthful anyhow in my experience. Come to think of it, even under oath...

Of course it should be taken with a grain of salt.

carlsonjok · #9 07-07-2021, 08:40 PM

Quote:

Originally Posted by Casey2296

FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Peter_Spaeth · #10 07-07-2021, 08:42 PM

Quote:

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

Brent used the word "still" maybe that was significant in context. I can't remember the HSR thresholds now, I'll have to look that up. They're fairly large though. I thought the transaction size had to be somewhere around $90 million.

Casey2296 · #11 07-07-2021, 08:46 PM

Quote:

Originally Posted by carlsonjok

Presumably, the transaction is larger enough that it will need to go through the HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.

So, the statement above can be factually true, even if the deal has been agreed to by the parties.

No doubt. I wanted to get some feedback from an SGC rep in case they want to make a larger statement here or on their website.

maniac_73 · #12 07-08-2021, 06:43 AM

I posed the question to Nats Turner on Twitter and he asked where I heard it so I directed him to this thread. Would be interested to see what he says.

Aquarian Sports Cards · #13 07-08-2021, 07:49 AM

Interesting response by NT...

natsturner · #14 07-08-2021, 08:13 AM

No it's not true. Big fan of Dave though

Yoda · #15 07-08-2021, 10:15 AM

If true, I wonder if the Anti-Trust Dept. of the Justice Dept., now under new management, might like to review the deal.

Lorewalker · #16 07-08-2021, 04:36 PM

Quote:

Originally Posted by natsturner

No it's not true. Big fan of Dave though

Thanks for posting, Nat and welcome. I am curious however what specifically is not true? There were 35 posts before yours with mentions/inferences of PSA buying PWCC as well as SGC. Are both statements not true, if you can say?

Blowout, which I was told you have been a member, has numerous threads about a possible buyout of SGC, over the last week and last I checked I did not recall seeing you post on any of those but maybe you were not aware it was being talked about.

Appreciate your time.

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