Quote:
Originally Posted by mindcycle
*All credit goes to @southpark_cards on IG for pointing this out. I will preface this by saying nothing illegal or nefarious looks to have been done here on the surface. These funds could very well have been used for legitimate purposes and a lot of it was during the beginning of the pandemic. Lots of these guys seem to be sue happy so i'm not accusing anyone of anything here.
What I will say is taking out a PPP loan during a time when all these guys were constantly telling us about record sales, how much money they were making off cards (high basketball stuff especially), it just seems odd that they'd also need government assistance. A lot of this may have also been forgiven without anything being paid back per the terms of the loans that were being given out.
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The simple fact the loans were forgiven is nefarious.
Interesting though that he left Collectors Universe off. They got a $4 million loan, you know, during the time when they had a 10+million card backup. There's a lot of people in the collecting community who run LLC's and got PPP loans that were forgiven too. My guess is, majority of the "big players" wouldn't be so big without that little cash infusion.
It looks like the attempted hit piece on companies/people who got loans was limited to those he didn't like and he was just piling on. Couldn't be bothered to post his "friends" in the hobby who got them though.