blazingbob

The other thing that should be clear/noted is that the "share price" of the underlying asset doesn't make it worth more. A sale of the underlying asset or same grade asset sold somewhere else makes those shares worth more.

Greg, you keep getting excited over this "If all collectibles are available in the same system, people don't settle for 1st appearance of some Joker knock-off character from the past 30 years. They'll go after 1st Batman and 1st Joker. The REAL thing. Those prices will skyrocket." The underlying asset supporting the share price only rises if another one of those same assets sells for more then what the IPO was priced at. The "Real thing" Batman #1's, 1st Joker's go up if the Asset manager pays more for them or other collector's do. As I said on our call, this works if other buyers "Go first" and raise the asking price of the underlying asset. Rallyrd bakes in 20% of the profit out of the gate. So the underlying asset needs to go up 30% to get you 10%. So if I invested $100 I made $10. $1000/$100. Not exactly the stuff dreams are made of.

Yes but as it has been posted earlier the "big Picture" I keep getting told is the trading of shares. There is no "24x7 trading platform" right now and In its current form the asset manager is fully in control right now.

Yes, they would. I believe it is a 13-F filing

You get or hope to see other sales of the same book and then hope that your shares reset to that value on the trading platform. I think people are missing the "speculation" part of this via the 24x7 trading platform. The trading of comic shares regardless of the underlying assets value. You might be one of those lucky guys who gets bought out at a higher price even though the underlying asset has been sold yet. You could be a potential buyer of the book and if RallyRd doesn't sell you the book at the price you want you start buying up shares (hopefully for less then what you want to pay for the book) and then if you acquire a majority percentage you force the sale at your number.

Job opening just posted - High grade comic default swaps is looking for some Mathemagicians that can up up with some comic default swap algorithms outlining the next 10 years of comic book appreciation. Tranches will be calculated/created on underlying assets that will give comic investor's the ability to trade on the upside or downside in comic book collecting. Take both sides of the trade, Bet up or bet down. but somebody out there has a light bulb appearing over their head

Are most investor's funding their stock accounts using their credit card? I generally don't get to trade unless the money is in the account.

#3, It is all speculation until the $$$ is in your account. It is one thing to be a Wanna be BSD telling everyone what you want to buy, it is another when I see the money.

There are a different ways to look at this. Are you the "investor" looking to make money regardless of the underlying asset or do you just want to own a piece of something you will never be able to afford yourself? There have been numerous attempts over the years by those seeking to create a Mutual fund of "Collectibles (Coins, cards, whatever) that are managed. Other options are you can partner with a dealer and share in the profits but the "cost" of buying in is higher then buying $37 shares of a Captain America #5 VG/FN. Again all of this depends on the trust of the investor in who the Asset manager is.

From speaking with Greg (Valiantman) and my personal opinion the idea is that the money is made off the trading of the shares, not the physical sale of the asset. Nickel and dimes over time. Of course my mind goes to the capital/software costs of putting up this exchange as well as the Paperwork (SEC filings, corporate, annual reports, etc that go along with being a publicly listed electronic exchange). None of this is cheap by the way. It can be run as a "boiler room" or be run the right way. I don't know the owners of Rallyrd so I'm not sure what path they are going to go on this. I know how I would set it up and it isn't the way they are doing it. And frankly if I did it I wouldn't want to be a "American Greed" episode.

The last 9.8 sale of a TMNT #1 9.8 is $52,800 so based on $65k you are at 20% markup.

I own stock in Public Storage which is the company I rent my storage units from. They are a REIT also. Difference is I trust Public Storage and see them all over the country. I don't know RallyRd and their financials at all.

They are buying the asset and pricing the offering higher then what they paid (15-20% higher). Basically they are the venture capitalist and they are selling the asset IPO to the investors.

I wouldn't go so far as to call it a scam. There is an underlying asset that does have value assuming the "holding company" doesn't go belly up. If the shares are trading less then it's current asset value then you are basically value investing. Problem is you are not the one controlling when the asset is sold.

No in oil you would trade the futures and yes you can take physical delivery

Basically I am looking at RallyRd as another competitor//customer to sell books to since I am not the one who is listing the book on "their exchange" and pricing the IPO. Their are going to look for quality assets to sell since I don't think they are going to be selling shares in Eternals #1 9.4's (Not picking on this book fyi). The auction houses will welcome them with open arms since they can be more aggressive in their buying since their IPO bakes in their profit margin they are making upfront. Valiantman seems to be more excited to trade the shares then the underlying asset. These shares are all tied to the asset. For the shares to trade up or down the asset eventually has to sell. Using the TMNT #1 9.8 as an example the asset/IPO is priced at $65K/10K shares = $65, if one sells at auction for $75K then your shares are worth $75/1000 shares. But the kool aid is if there are "traders" who will pay more for the shares then the underlying asset is worth. You might as well call them options or as another posted earlier you are basically shorting of going long on the stock betting on what the asset will sell for. This is also being run by 3 guys who have how much capitalization? Once Rallyrd sells the IPO unless they are buying shares they have no "skin in the game". Their risk in this assuming they put up the money to buy the asset is that nobody buys the shares. Are they going to have "comic analysts" coming up with buy/sell recommendations? Do we need more "HYPE (Hope you paid enough). Rallyrd take the proceeds and it is onto the next asset purchase. What protections are on the customer accounts? Yeah bitcoin may be worth billions but eventually it gets translated into $$$$$ in a bank account which is how the world operates right now. What happens to Rallyrd if all the investors run for the exits? Another way to look at this is one big Mutual fund of "assets". If Rallyrd wants investor's to buy more shares in their new acquisitions they need to show that their investor's made money on the previous share acquisitions. Which puts those 3 guys in the position of being "Asset Managers". So if a buyer wants to buy the asset do they buy up all of the shares via a tender offer or buy the asset? Will I be seeing Rallyrd at conventions soon or do they think that big buyers are just going to come running to this website to buy these assets? I'd also question where they are getting their comparable value numbers from when you click on the "share price".

After doing some more reading it appears that RallyRd owns the books. All of the assets are owned by our subsidiary company, RSE Collection, LLC or RSE Archive, LLC. When you invest in an asset, you become a shareholder in a specific sub-company that owns a specific asset. While Masterworks.io charges a 20% commission at the time of sale it looks like Rallyrd.com might be front loading that commission/profit at the time they sell the shares. TMNT last 9.8 was $52K, their price to "prospective buyers $65K) I haven't seen anywhere that they are retaining any ownership in the book or if they can buy any of the shares in it. Both companies are offloading the risk of the asset onto the shareholders. Masterworks.io seems to have a clearer "get out" strategy by stating that if an item doesn't sell after a certain number of years it will go to auction. Not sure who the buyer of last resort would be on the rallyrd platform.

Masterworks.io charges 1.5% management fee as well as a 20% commission on the piece when it sells. I'm still trying to figure out if Rallyrd is putting up the money to buy the piece that the shares are being sold on.

Normally and I say this again if you want "investors" you normally price the equity below the value of the item. If I'm splitting deals I'm not putting my partners in at a retail number, I'm putting them in at the cost price. We then both share in the upside. Somehow I get the feeling that out of the gate the only one benefiting is the majority equity holder since he is offloading his cost onto the new shareholders.

Comic default swaps are coming.

I haven't researched this but I'm guessing that the shares aren't tradeable? Or does the underwriter have the ability to buy them back at face value/discount if you need to get out? They aren't being sold as bonds that have a definitive call date or are they?

Selling shares in a book is basically the same idea as having co-owners. You are spreading your risk around and expanding your capital base to buy more books. Are they paying the prices the books are listed at? Or is it the same as venture capitalist bringing a IPO to market where they are setting the value of the book? Hulk #1 8.0 $89000? Star Wars #1 9.0 35 cent variant $12K, last sale was $9600. DD #1 $11,500, last sale was $9900. If they are setting the "comic IPO" price they are a bit in the high range so for buyers of these shares they are already underwater. Bob

LOL, what is the difference between the Zombie 53 covers? You know us old Silver Age dealers need to learn something every day.

If the seller doesn't have a website and there are currently no conventions Ebay is sometimes the "platform" of last resort

Is that the corner in the bottom of the holder?