Last night, the $350k buyout for @CollectableApp& #39;s Wilt Chamberlain card was accepted.

That& #39;s a 65% ROI in four days, but I think it& #39;s bad for shareholders.

This is why

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

The card was sold against the will of the majority vote shareholders.

How can this be when 66% of shares voted yes?

Because the original consignor retained 49.5% of the shares.

So he (I assume he) voted yes while 67% of individual shareholders voted no.

Why did they vote no? Because $350k was a lowball offer

We valued the card at $503k. @KenGoldin valued it at $499k

The real question, why did the consignor vote yes? Surely he knows the real value of the card and that he could have got more for it. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht">

https://twitter.com/KenGoldin/status/1379610816496959489?s=20">https://twitter.com/KenGoldin...

Well find out exactly how good / bad a decision this was on April 24th.

@RemindMe_OfThis April 24 2021