Perhaps I need to explain. I am not anti-CLCT at heart. I love Bowers & Merena, Dave is my favorite coin writer and they have a special place in the coin industry. I love to buy PCGS coins and think they have built a great reputation. I have a lot of respect for DH.
However, I have some concerns over the way this public business is being run and this is a chatroom to discuss such things among shareholders and interested individuals. Do I want to see CLCT stock go down - absolutely not! As stated above, I'm a big fan of certain components of the company. But I'm also a businessman, and I see some basic things wrong with this company. If I sent DH an email with business suggestions, I doubt I'd get anywhere, so maybe posting them on this board is helpful. Don't focus on any buy or sell recommendation I make - there's absolutely no way in heck my recommendation is going to move the stock price even one penny. But a sell recommendation will get the right person's attention and maybe needed changes will be made.
You have to admit when you've burned thru all your IPO cash and lost $5M the last three quarters that you might be doing a few things wrong. Instead of not wanting me or others to post "sell", you should be wanting us to post our opinions! There might just be something useful.
So I repeat: Communicate - it's unacceptable to continually surprise your shareholders. You can't forecast a breakeven quarter, not say anything, lose $1.2M and not expect anyone to call you on it. It's also unacceptable for insiders to know the financials to the extent that the stock price drops 30+% during the period between completion and release. Protect your reputation - it's unacceptable to hold the line on one ultrararity and then cross a coin that's grossly overgraded for your business partner. Hold the line or be loose - it's insulting to be both ways. It's poor business to vary your grading standards to the extent that collectors stop trying to cross coins because they are tired of paying thousands in submission fees and getting no crossovers and no explanation!
I'm sure I've got more opinions, but that's a start. I really think CLCT management should seek out diverse opinions about the company rather than discourage them and as a result get caught up in a secular group of rah rah's that ends up like Enron. Best wishes!