new presentation out dated today. Only one slide is changed, #21. This is the slide that has operating leverage at $50M. Now has a section for leverage at $100M revenue. They had presented this once last year at some conference but then took it off. Now sure why they would bother to show that now
true. Cut it to 10c/month, $1.20/yr. Company would be cash flow even. The whole reason for shorting would be gone. They have plenty of cash for the cash flow issue. I really think this would be seen as a net positive
except he wants a bigger piece for free access. He doesn't want to pay for the bigger piece. I read that as extortion.
shorts now up to 672,638 shares. This is as of May 15 which was the 300K share trade day and the recent low of the stock. So at it's low, shorts were at the high. Why didn't they cover? The only downticks are shorting and shorting is met with aggressive buying when the price gets attractive.
This is a thinly traded illiquid stock and even 10K shares can move this. I wish CLCT would move to a monthly dividend rather than a quarterly dividend.
short interest up to 672,638 shares, up almost 20K shares. This corresponds to the 300K share trade day and the low point of the stock. So rather than covering on that day, shorts were adding. Either these are the dumbest shorts ever or they intentionally like to lose money
you would think right? Sotheby's, Heritage, Ebay are all buyout candidates. Amazon is selling the "Saddle Ridge Hoard" so they are making a push into coins as well. They are also a candidate.
exactly. Fees would be less than 1/2 of Ebay's. Still uses Paypal for payment so Ebay would probably not care as they are cutting a cut.
There are coins for sale now that are "once in a lifetime" type coins. The "Newman Collection" is a huge collection that was bought over the last 70 years and has been put up for sale in pieces every few months. These guys live and breath coins. Maybe they have had their eye on coins of this type for years and years. In addition, Hall is older and has a great deal of his wealth in the company. The insider window opens up every qtr 2 days after they report until the end of the current qtr.
re 700K+ shares. I get that number looking at the volume last year on June 30 when CLCT was taken out of the Russell and two years ago when it was added in.
Collectors Corner now has 36 Registry sets in the first week. Cards for sale valued at over $3.1M. More importantly, 2 people have reported making SALES of their cards after listing there. Some snafus, but it is a work in progress. They are getting ideas and bug reports from users in real-time and fixing in real-time. With over 100,000 card registry sets, this can be a big business for CLCT.
Thinking out loud. 2 sales in 1 week with only 36 sets (of the 100K+) registered. If CLCT really gets this going that could translate to a couple thousand sales every week. At $5/sale in commission, this could add over $100K to sales every year. Just for cards. Coins are 3X more popular and 10X more expensive. This could be a multi-million dollar revenue item for CLCT, with very low fixed costs. Would probably increase margin and add 10c/yr to earnings. That 10c is essentially the cash burn they have now every year.
It seems to me that CLCT is thinking of not only getting into online sales with commission, but becoming the exchange, like NASDAQ, that aggregates prices and sales for all the sub-exchanges (auction houses). If they could strike a deal with Ebay where Collectors Corner items come up in the Ebay search, it could dramatically bring in new business. Maybe give Ebay a small cut for searches done through Ebay like Apple gets a cut on their AppStore.
last year CLCT was worth $110M on valuation day and the min valuation was $130M. Russell up about 15% since then, or about $150M. CLCT worth over $170M right now. Looking very good for CLCT to be included. 700K+ shares will need to be bought by June 28 which is the day of the Russell rebalance. Only 4+ trading days left (Monday is a holiday)
Next Friday, the valuation day, is also dividend re-investment day for CLCT. Based on recent history and observation, about 40K shares will need to be bought next Friday.
Shorts could attempt one more downward push, but it is looking bleak for them
OK. I don't have facebook so I wouldn't see it.
I did notice Lynne Haley on her alt one website admitting that we post her name, #, address, etc. So she therefore admits in a public forum (ironically her own forum) that she is posting under multiple id's
it's possible your google server has had the article pushed to it, but not my server. Do you have the title?
the old BOD members had some stock. Not much, but some. Maybe 200K shares between them. Would love to see the new slate buy those shares from them rather than have them dumped on the market and crush the stock.