1953 Topps PSA 10 Mickey Mantle IPO on Collectible App a Game Changer

[Rhotchkiss]

Anyone know who is behind the company and/or where they are getting their cards from? I think that info is very relevant in determining the viability of the company and the valuations of the underlying cards.

Here is my concern- I have some very expensive cards, including a t206 wagner. I could start a company and start with my wagner, selling 25000 shares at $100/share and turn my $1mm wagner into a $2.5mm card. Better yet, I could sell off only 12500 shares, keep 50%, and be totally cashed out with no risk to me. The point is, there is tremendous potential for abuse and I would be very interested to know who is behind the company, whether they own the cards they selling shares of, how they are valuing these cards, etc.

[Dpeck100]

Originally Posted by Rhotchkiss

Anyone know who is behind the company and/or where they are getting their cards from? I think that info is very relevant in determining the viability of the company and the valuations of the underlying cards.

Here is my concern- I have some very expensive cards, including a t206 wagner. I could start a company and start with my wagner, selling 25000 shares at $100/share and turn my $1mm wagner into a $2.5mm card. Better yet, I could sell off only 12500 shares, keep 50%, and be totally cashed out with no risk to me. The point is, there is tremendous potential for abuse and I would be very interested to know who is behind the company, whether they own the cards they selling shares of, how they are valuing these cards, etc.

I was alerted to this by Evan recently and found it to be very intriguing and said hell yeah I will buy some shares and give this a shot.


https://collectable.com/cardboard-perfection/

Here is the link to the information on the card and below is the link to the management team. It will come as no surprise the CEO is an ex hedge fund manager.

https://collectable.com/about-us/

Just like an IPO the underwriters and the seller try and come up with a price and see if there is interest. If over 62% of it is sold out in less than 12 hours there is obviously interest at the 2.5 million price tag.

There is nothing stopping you from trying the same. You just have to be willing to turn your card over and it is no longer in your possession. For many that is something they have no interest in.

That said it is a perfect scenario where you can "take profits" and still have a shot at the upside.

In this case Evan is maintaining a huge equity stake in this card. Years ago when he bought this he told me how much he had in it. It was obviously not cheap and there is some margin in the sale price for him.

Quite frankly if you put your Wagner up in one of these scenarios I would love to buy in. Find me a period of five years where that card hasn't gone up and over time it has crushed the stock market. Has the easy money been made? Sure but with the money printing that is taking place and the vast wealth disparity globally the very well off just keep getting even more well off. Obviously this is a bone of contention for many but the Wagner card doesn't care.

On a long term basis I personally see no scenario where a Wagner goes down. It is priced in dollars and so if the dollar gets weaker and inflation hits like many believe will occur it goes up. If the economy bounces back and we continue the expansion it goes up. It is a status symbol and while you and others may have purchased it for the love of collecting there are plenty of others who will buy it so they can say they have a Wagner and they think it is a good investment.

Like someone mentioned the Trout card. From $400,000 to nearly 4 million a few years later. Some college kid could have set aside 2k and turned it into a much greater sum investing in something he likes and thinks is cool. It is coming.

[iwantitiwinit]

Hard pass. A few early entrants will most likely make $ and those in later will be left holding worthless paper when ipo's with initial high arbitrary valuations are proven to be just that too high. Remember equity IPO prices are established by market forces, demand at various specific prices are matched to the size of the offering and a balance is eventually established just prior to the shares opening for trade. Here it seems as if an overall valuation is established then shares are sold without regard for prior demand, much different than a specialist/underwriting system we see for IPO's.

Reminds me to an extent of a few years back when Adrian Foster sold interest in his future NFL earnings. I think he monetized that at something like 23.5 million and ended up playing only a few games.

Lastly, the issuance of 1099's by an entity with little expertise/experience in the detailed record keeping necessary to produce accurate 1099's seems like a recipe for disaster.

Anyway just my opinion and good luck to those participating.

[Orioles1954]

I’ll be interested to see what happens. Especially if there are offerings of “junk cards.”

[Rhotchkiss]

DPek, thanks for the links. Interesting that it’s Mathis’ card and that he retains some ownership.

There is an 8-member team already assembled with some big titles and apparently successful backgrounds. That is a lot of overhead to fund from operations.

I think the idea is interesting, but it’s not for me.

[Dpeck100]

Originally Posted by iwantitiwinit

Hard pass. A few early entrants will most likely make $ and those in later will be left holding worthless paper when ipo's with initial high arbitrary valuations are proven to be just that too high. Remember equity IPO prices are established by market forces, demand at various specific prices are matched to the size of the offering and a balance is eventually established just prior to the shares opening for trade. Here it seems as if an overall valuation is established then shares are sold without regard for prior demand, much different than a specialist/underwriting system we see for IPO's.

Reminds me to an extent of a few years back when Adrian Foster sold interest in his future NFL earnings. I think he monetized that at something like 23.5 million and ended up playing only a few games.

Lastly, the issuance of 1099's by an entity with little expertise/experience in the detailed record keeping necessary to produce accurate 1099's seems like a recipe for disaster.

Anyway just my opinion and good luck to those participating.

They are teamed up with a broker dealer. There won't be any issue with 1099's.

This is a good thing in my view and I am still waiting to hear back from my compliance department to see if I can actually move forward. I don't believe it will be an issue but for me this should give people added comfort that they are registered with the SEC and have a broker dealer handling the trading and tax forms.

[Jcosta19]

Originally Posted by Dpeck100

I was alerted to this by Evan recently and found it to be very intriguing and said hell yeah I will buy some shares and give this a shot.





https://collectable.com/cardboard-perfection/



Here is the link to the information on the card and below is the link to the management team. It will come as no surprise the CEO is an ex hedge fund manager.



https://collectable.com/about-us/



Just like an IPO the underwriters and the seller try and come up with a price and see if there is interest. If over 62% of it is sold out in less than 12 hours there is obviously interest at the 2.5 million price tag.



There is nothing stopping you from trying the same. You just have to be willing to turn your card over and it is no longer in your possession. For many that is something they have no interest in.



That said it is a perfect scenario where you can "take profits" and still have a shot at the upside.



In this case Evan is maintaining a huge equity stake in this card. Years ago when he bought this he told me how much he had in it. It was obviously not cheap and there is some margin in the sale price for him.



Quite frankly if you put your Wagner up in one of these scenarios I would love to buy in. Find me a period of five years where that card hasn't gone up and over time it has crushed the stock market. Has the easy money been made? Sure but with the money printing that is taking place and the vast wealth disparity globally the very well off just keep getting even more well off. Obviously this is a bone of contention for many but the Wagner card doesn't care.



On a long term basis I personally see no scenario where a Wagner goes down. It is priced in dollars and so if the dollar gets weaker and inflation hits like many believe will occur it goes up. If the economy bounces back and we continue the expansion it goes up. It is a status symbol and while you and others may have purchased it for the love of collecting there are plenty of others who will buy it so they can say they have a Wagner and they think it is a good investment.



Like someone mentioned the Trout card. From $400,000 to nearly 4 million a few years later. Some college kid could have set aside 2k and turned it into a much greater sum investing in something he likes and thinks is cool. It is coming.

Does the website state that 62% of shares have sold?

If so, does that include the shares the cards owner is keeping?

The website is still flagged as malicious for me, so can't read the details.

Sent from my SM-G960U using Tapatalk

[swarmee]

Originally Posted by Dpeck100

I was alerted to this by Evan recently and found it to be very intriguing and said hell yeah I will buy some shares and give this a shot.

Ah, impeccable provenance coming from a known trimmer of super high value cards...
https://www.blowoutforums.com/showth...ghlight=mathis

Wonderful. Have a good time with that.

[doug.goodman]

Originally Posted by Rhotchkiss

Anyone know who is behind the company and/or where they are getting their cards from? I think that info is very relevant in determining the viability of the company and the valuations of the underlying cards.

Here is my concern- I have some very expensive cards, including a t206 wagner. I could start a company and start with my wagner, selling 25000 shares at $100/share and turn my $1mm wagner into a $2.5mm card. Better yet, I could sell off only 12500 shares, keep 50%, and be totally cashed out with no risk to me. The point is, there is tremendous potential for abuse and I would be very interested to know who is behind the company, whether they own the cards they selling shares of, how they are valuing these cards, etc.

Nailed it

[ergoism]

See you guys in about 3 months.

[BLongley]

Originally Posted by ergoism

See you guys in about 3 months.

Evan the guy running it is from Hilltop a hedge fund that got out of Technology and into energy in 2016.... good luck!

[Republicaninmass]

Originally Posted by BLongley

Evan the guy running it is from Hilltop a hedge fund that got out of Technology and into energy in 2016.... good luck!

Impeccable at timing the top of the market!


Couldnt have made worse decisions.

Mark this as the top of the card market.

[Delray Vintage]

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.

[Republicaninmass]

How did they get all their contact Info? I never signed up to my knowledge

[sbfinley]

Originally Posted by Delray Vintage

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.

I agree with you when it comes to static assets, but if you look at the past decade “overvalued” companies are pretty much what have paid the bills. The majority of the leading gainers have been riding PE’s of anywhere from 15-1 to 40-1. Investing in something “overvalued” isn’t necessarily a losing proposition.

[philliesphan]

What's the most lucrative way to cash out of my ETopps portfolio to diversify into this exciting, new brand of card-based profiteering?

[Republicaninmass]

Hmm now they have an article by that hack Siedman?

How did they get their contact list again?