Important info regarding HotShotComics and his customers books at CGC 6 6

[wombat]

I have a feeling its buried in this part. Sounds like one more broken promise. CGC was expecting a payment. None came. Why would they be waiting for CGC to get back to them to make the payment?

[DougC]

Never trust a man that willingly goes by Stu.... especially a lawyer!

I do hope that someone posted the CGC side information to the FB threads for context and all.

[october]

Wonder how many other businesses expanded too far too fast during the halcyon days of the Covid nostalgia bubble, only to be thoroughly and publicly pansted when the specu-bois jumped ship and PPP loans dried up. 

I told my dad the other day that I was glad I lived through the card/comic boom/bust in the 90's. I got totally burned by chromium covers and junk wax...but I was 12 and I learned a very valuable lesson. It wasn't hard to see the writing on the wall these past few years.

Edited June 28, 2023 by october

[Nick Furious]

It would appear that half of the comic book industry is swimming naked at any given time.   As they say, we only see it when the tide goes out.   

[OJ Pimpson]

On 6/24/2023 at 12:23 AM, DougC said:

This has besmirched the good name of Doug; the Council of Doug's will have to convene...

 

I do hope that in addition to this CGC will not allow Newshot Comics, owned by Douglisah in Asheville to create an account to conduct business as usual.

This is typical Doug behavior in my experience

[Crops068]

On 6/23/2023 at 8:15 PM, CGC Mike said:

When I get time, I will post links to this thread in all of the threads I can find, so we can get as many people's books to them as we can. 

This is absolutely the best.  Kudos to CGC for doing what they can to make this right!

[Tec-Tac-Toe]

On 6/27/2023 at 6:36 PM, thehumantorch said:

Look overhead.....similar to Hero Restoration I would suspect.

I wonder what changed  for CGC to change it's stance on these guys?

Perhaps, as the HC excuse notes, no $ from HC to CGC to pay for services rendered. Granted, this may have been occurring for a period of time and, perhaps, a $ threshold was reached. Of course, as generally with any business, outside of those involved in illegal activities that will certainly likely collect one way or another, if you are not being paid for your services, preferably as established, you better quickly address that or you may very soon be a former business.

Edit: As Wombat notes.

Edited June 28, 2023 by Tec-Tac-Toe
To add comment.

[Point Five]

On 6/27/2023 at 9:31 PM, Nick Furious said:

It would appear that half of the comic book industry is swimming naked at any given time.   As they say, we only see it when the tide goes out.   

Yikes. There’s an image.  
 

[Dr. Balls]

On 6/24/2023 at 1:23 AM, DougC said:

This has besmirched the good name of Doug; the Council of Doug's will have to convene...

 

I do hope that in addition to this CGC will not allow Newshot Comics, owned by Douglisah in Asheville to create an account to conduct business as usual.

On 6/27/2023 at 8:43 PM, Hot Nickels said:

This is typical Doug behavior in my experience

Another day, another Doug.

 

[F For Fake]

On 6/28/2023 at 5:51 AM, Point Five said:

Yikes. There’s an image.  
 

Yeah, if there's one group of folks I really do not want to see floundering naked in the muddy surf, it's comic book fans. Myself included. 

[WNC dude]

Email sent. Thank you!

[Mike Hammer]

Hey, just wondering - after we send an email, how long should we wait to hear any sort of response? Just asking so I can make sure I didn't miss anything. Thanks!

[Terry JSA]

Out of curiosity, is there any reason as to why it took so long to take action against them? There’s been multiple threads about in just a few short years.

 

[Lazyboy]

On 6/28/2023 at 6:18 PM, Terry JSA said:

Out of curiosity, is there any reason as to why it took so long to take action against them? There’s been multiple threads about in just a few short years.

Obviously because it's now directly affecting CGC rather than just random nobodies.

[Point Five]

On 6/28/2023 at 7:24 PM, Lazyboy said:

Obviously because it's now directly affecting CGC rather than just random nobodies.

Ouch. 

 

[Terry JSA]

On 6/28/2023 at 7:24 PM, Lazyboy said:

Obviously because it's now directly affecting CGC rather than just random nobodies.

[NewWorldOrder]

On 6/28/2023 at 4:24 PM, Lazyboy said:

Obviously because it's now directly affecting CGC rather than just random nobodies.

Well yea.

You can get away with just paying your dealer bill and screwing over customers for a while which Hotshots is accused of before CGC would possibly get involved.  Especially since those pre-orders were sometimes 6-12 months in advance. That's also 6-12 months those customers were only contacting Hotshots, NOT CGC unfortunately for them.  CGC has nothing to do with Hotshots business model or lack thereof.  All they can do is make a judgement call after hearing from the general public if they want to continue allowing him to submit, or when Hotshots does not pay their dealer balance.  (edit) Also from what CGC Mike said below, help fellow collectors get their books back if they are still in house at CGC submitted under Hotshots dealer account.

Like the scene in Goodfellas, Hotshots has run our of store credit it seems...

Edited June 29, 2023 by NewWorldOrder

[CGC Mike]

At CGC, we recently became aware of an Instagram post by Hotshotcomics blaming CGC for the delays its customers have experienced. This post is inaccurate, and we feel compelled to set the record straight.

Any delay in customers of Hotshotcomics / Asheville Comics / Douglas Cegelis (collectively, “Hotshotcomics”) receiving their books is not due to CGC. CGC is not a party to business transactions between individual collectors and Hotshotcomics. We only have visibility into what books Hotshotcomics has submitted to us and whether and to what extent Hotshotcomics has paid CGC for its services.

As publicly admitted by Hotshotcomics, its CGC account has a significant unpaid balance and is now in collections. Ask yourself this:  If you paid Hotshotcomics up front for presales, then why would Hotshotcomics have trouble paying CGC in the first place?

CGC only recently learned that numerous collectors have paid Hotshotcomics for presales and received nothing in return. Hotshotcomics’ debt to CGC notwithstanding, please know that CGC is committed to trying to resolve the situation for Hotshotcomics’ innocent customers.

 Also, please understand that we can only help to the extent the particular books are in our possession, i.e., actually submitted to CGC in the first place. Matching up your submissions to Hotshotcomics with Hotshotcomics’ submissions to us will be an undertaking, particularly since Hotshotcomics has not provided any information about the buyers / owners of these books.

While CGC did not create this problem, we are trying our best to help solve it. We thank you in advance for your continued patience.

[CGC Mike]

On 6/28/2023 at 4:25 PM, Mike Hammer said:

Hey, just wondering - after we send an email, how long should we wait to hear any sort of response? Just asking so I can make sure I didn't miss anything. Thanks!

I am not exactly sure at this time.  I believe it will be a fairly short wait.  Maybe 5 business days?  With that said, we will be closed July 3rd and 4th.  

[Mystafo]

On 6/28/2023 at 7:15 PM, NewWorldOrder said:

Well yea.

You can get away with just paying your dealer bill and screwing over customers for a while which Hotshots is accused of before CGC would possibly get involved.  Especially since those pre-orders were sometimes 6-12 months in advance. That's also 6-12 months those customers were only contacting Hotshots, NOT CGC unfortunately for them.  CGC has nothing to do with Hotshots business model or lack thereof.  All they can do is make a judgement call after hearing from the general public if they want to continue allowing him to submit, or when Hotshots does not pay their dealer balance.  (edit) Also from what CGC Mike said below, help fellow collectors get their books back if they are still in house at CGC submitted under Hotshots dealer account.

Like the scene in Goodfellas, Hotshots has run our of store credit it seems...

You bust the joint out.  You light a match.