An open offer

tradedollarnut

I believe in PCGS - or at least I believe in what it has been in the past and what it could be again. I will pay a 20% premium over today's market close to purchase 50.01% of CLCT stock. Any takers?

I will pay a 50% discount to today's close for any less than 50.01% You figure out the difference.

tjkillian

Now that would be one way to get a fair shake on the 1885 Trade Dollar. Unfortunately I don't have a tad over 50% of their stock.

Tom

Bustman

TDN,
But then you would have to give up your share of Legend. We can't have any conflicts of interest here!

DCAMFranklin

Is that to be considered a tender offer?

redhott

You're forcing CU to issue a rare press release. I imagine it'll say "not for sale."

numispro

TDN makes a valid point.

Even if you throw all the other universes in the trash, PCGS and Bowers are worth more than the price of the stock.

Assuming, of course, that they can get a few problems behind them.......

ANACONDA

Wow! What is that in dollar terms?

VonZipper

The price of a next day slabbing....

SethChandler

TDN,

Who are the 10% or more shareholders?

kranky

<< <i>Wow! What is that in dollar terms? >>



50% of CLCT at today's close would run $7.1 million.

clackamas

HALL, DAVID G.: Declared Holdings - 1,715,100 shares Direct

David Hall, 55 Pres, Director FY2002 Pay $300K

DCAMFranklin

<< <i>

<< <i>Wow! What is that in dollar terms? >>



50% of CLCT at today's close would run $7.1 million. >>




Just a couple years' pay for one of those car crash lawyers.

TAP444

you might not need even 50%
Bill Gates only owns 20 something % of microsoft
Tim

DCAMFranklin

Geees!! Has anybody checked out the amount of insider selling on this stock?????

SethChandler

TDN,

WOWWWWW!

Are you serious? A friendly takeover offer of $7 million instigated on a posting forum. That's a first.
I'm sure a few of the larger shareholders would sell...they get liquid. What's your restructuring plan? Have you been thinking of this for a while?


Seth

MrEureka

Is this legal???

(If so, TDN, I'd be glad to take a piece of your action!)

lincolnSence

TDN - put me down for a piece. Oh, and BTW, I'd like to get a few of my Lincoln's upgraded before we put all the new procedures in place.

Bustman

Honestly, I can't see Legend ever being able to submit to PCGS again. I guess that's the price you pay for standing on principle. When it's all said and done, I hope collectors remember the risk that Laura took. For very little benefit to herself - mostly to those who won't stand with her. >>



She will be able to submit again, someday. But your absolutely right, I hope everyone knows what it took for her to do that.
Coinguy, maybe you should give Laura YOUR pcgs#!

DCAMFranklin

<< <i>HALL, DAVID G.: Declared Holdings - 1,715,100 shares Direct

David Hall, 55 Pres, Director FY2002 Pay $300K >>




Van Simmons owns another 475,020 shares. David Q. Bowers owns another 243,608 (not so friendly hands). Institutions & Mutual Funds own another 780,248. David gifted 216,650 shares back in 11/99 and another 4,900 on 12/31/02. I would assume those shares are in pretty "friendly" hands, even if they are in a trust. With a total of 6,130,000 shares outstanding, control is pretty difficult.

Heck TDN, those institutions & mutual funds are so deeply bagged in this stock, they would probably jump on a 20% premium!

redhott

do we want it to go up or down tomorrow???

tradedollarnut

The point I was trying to make is that PCGS is a very good company and worth more than a pretty penny. If this offer is illegal or in bad taste, I very much regret so and withdraw it appropriately!

stujoe

<< <i>Honestly, I can't see Legend ever being able to submit to PCGS again. I guess that's the price you pay for standing on principle. When it's all said and done, I hope collectors remember the risk that Laura took. For very little benefit to herself - mostly to those who won't stand with her. >>



If that statement is the way things really work, then PCGS has more problems than just being too strict.

coinkat

Tradedollar (not so nuts):

I'm sorry, I like what was done with the name on another thread... All I can say is... stranger things have happened in the business world and we'll just leave it at that.

littlewicher

Buy half the stock and just appoint yourself as CEO. Then we can get back to consistent grading.

IrishMike

Actually TDN I think it would be a great purchase for someone, PCGS i.e. It has a lot going for it. I can only think of one thing that they lack, management vision.

nwcs

If you buy it, I'll be the first to apply for a job as a systems programmer and web developer! Can we say .NET everyone?!?! I've even thought of a asset management system to control the flow of submissions in a grading company to maximize throughput and minimize turnaround time. In theory, it could have a significant impact on the process.

Neil

redhott

Someone there had the vision to do their IPO in Nov. of '99 at $24.00 per share (today it's $2.31) and there's still enough of that cash on the books to carry them quite awhile yet. If the stock keeps dropping, they'll be able to use just a percentage of their cash to buy out all the non-insiders.

MrEureka

Just one quick question and I'm outta here.

Which has a higher market cap? CLCT or ten rolls of PROOF 70 1963 PENNIES???

(Spare the calculator. It's close, but the pennies win!)