David Thorn's Auction House, Small Traditions, is a Criminal Trimming & Fraud Racket

[pspa123]

Originally Posted by Bruins1993

Over 5 years ago I purchased a '34 Goudey on eBay for $1,000+. I discovered it was altered by finding the before imagine from prior sale (pre-alterations with a lower PSA grade). I returned it to the seller. Seller simply re-sold the card in same month, with no shame, so I contacted the new buyer to inform him he had purchased an altered card. The buyer I contacted was a lawyer and contacted PSA and ended up speaking directly with Joe Orlando. Joe Orlando assured him it wasn't the same card when there was absolutely no doubt looking at the pictures and comparing flaws that it was the exact same card. That is one example of why I consider Joe Orlando to be dishonest and why I would never trust a word out of his mouth.

Steve Sloan appears to be Joe's puppet. Anything new on this scandal Steve?

Steve is working on upgrades to the pizza app.

[dustin42]

Originally Posted by Clark

Hahaha, not sure how you would assume that. But it proves a point, there are too many assumptions in these threads.

PSA is a company that provides a service based on opinions. They need trust of their opinion to succeed.

What I am saying is any smart executive would have someone checking forums for public opinion. They don't see a threat from the forums or the court of public opinion and believe their record submissions support that.

They even upped the ante by giving their approval to a Blowout outed card.

Those are some Steve and Joe talking points. You invested in CU or another Arthur?

[Lonewolf]

Originally Posted by Clark

Unfortunately I have been following. I engaged discussion in one of the other trimming threads two weeks ago and coming back to this one today, I see the same 15 people beating on the fraud horse.

Make no mistake, PSA sees it too.

PSA employees or shareholders, raise your hand!

[blackbears86]

Thank you all for the black light suggestions/recomendations.

[AlexHunter]

Again, I’m not super read up on the whole scandal and how far it extends.

But where tf did this Clark kid come from xD


Sent from my iPhone using Tapatalk

[ThoseBackPages]

Originally Posted by AlexHunter

Again, I’m not super read up on the whole scandal and how far it extends.

But where tf did this Clark kid come from xD


Sent from my iPhone using Tapatalk

Canada

[AlexHunter]

Originally Posted by ThoseBackPages

Canada

Ah. Nuff said.


Sent from my iPhone using Tapatalk

[dustin42]

Originally Posted by ThoseBackPages

Canada

Bleeping hosers.

[AlexHunter]

Originally Posted by dustin42

Bleeping hosers.

Creepin’ up, eh


Sent from my iPhone using Tapatalk

[MoreToppsPlease]

Originally Posted by Clark

Hahaha, not sure how you would assume that. But it proves a point, there are too many assumptions in these threads.



PSA is a company that provides a service based on opinions. They need trust of their opinion to succeed.



What I am saying is any smart executive would have someone checking forums for public opinion. They don't see a threat from the forums or the court of public opinion and believe their record submissions support that.



They even upped the ante by giving their approval to a Blowout outed card.

They most likely see a threat, and it’s even more likely they know they can’t do a damn thing to change their operation in order to address it. This is the best explanation for their silence in light of what’s been discovered this past year, not because they’re resting on their (flawed) reputation.

Their adding their voice to the discussion could only serve to amplify their many problems at this point and provide a point of attack for their detractors.

They’ll start speaking up only as a last resort, right before it becomes apparent the entire ship is ready to sink, assuming it gets to that point.

[This is]

Look out BlowOut members! Joe Orlando is a lawyer!

[dustin42]

[dustin42]

Originally Posted by This is

Look out BlowOut members! Joe Orlando is a lawyer!

He has my info...

https://www.blowoutforums.com/showpo...70&postcount=1

[Clark]

Originally Posted by MoreToppsPlease

They most likely see a threat, and it’s even more likely they know they can’t do a damn thing to change their operation in order to address it. This is the best explanation for their silence in light of what’s been discovered this past year, not because they’re resting on their (flawed) reputation.

Their adding their voice to the discussion could only serve to amplify their many problems at this point and provide a point of attack for their detractors.

They’ll start speaking up only as a last resort, right before it becomes apparent the entire ship is ready to sink, assuming it gets to that point.

All good thoughts.

Personally, I believe they want to keep this as quiet as possible. They want to ensure collector trust is not destroyed. To have it all out in the open for evaluation could destroy a company who makes money on subjective opinion.

[dustin42]

Originally Posted by Clark

All good thoughts.

Personally, I believe they want to keep this as quiet as possible. They want to ensure collector trust is not destroyed. To have it all out in the open for evaluation could destroy a company who makes money on subjective opinion.

No kidding and to not put it in your 10-K filing is a big no no. Read this post and thread. Better yet go listen to their earnings call from August LOL!

https://www.blowoutforums.com/showpo...&postcount=240

[pspa123]

Originally Posted by dustin42

No kidding and to not put it in your 10-K filing is a big no no. Read this post and thread. Better yet go listen to their earnings call from August LOL!

https://www.blowoutforums.com/showpo...&postcount=240

IF CU is ever sued for securities fraud, there are some statements in that call that likely would be featured by a good lawyer. But who knows if that ever will come to pass or how this all will unfold.

Personally, my favorite part of the call was when one questioner gets persistent and Joe directs the operator to skip over him, like it was the CU chatboard and he could just make it go poof.

[dustin42]

Originally Posted by pspa123

IF CU is ever sued for securities fraud, there are some statements in that call that likely would be featured by a good lawyer. But who knows if that ever will come to pass or how this all will unfold.

Personally, my favorite part of the call was when one questioner gets persistent and Joe directs the operator to skip over him, like it was the CU chatboard and he could just make it go poof.

a bad lawyer could.

[dustin42]

Originally Posted by pspa123

IF CU is ever sued for securities fraud, there are some statements in that call that likely would be featured by a good lawyer. But who knows if that ever will come to pass or how this all will unfold.

Personally, my favorite part of the call was when one questioner gets persistent and Joe directs the operator to skip over him, like it was the CU chatboard and he could just make it go poof.

That lawyer would work as a prosecutor for the government. Usually they are the best lawyers for this type of stuff.

[pspa123]

Originally Posted by dustin42

That lawyer would work as a prosecutor for the government. Usually they are the best lawyers for this type of stuff.

There are some very capable plaintiffs' securities lawyers too, but CU isn't a likely target I don't think because the trading volume is so low and therefore not much in the way of potential damages even if the stock took a big hit after a disclosure.

[Clark]

Originally Posted by dustin42

No kidding and to not put it in your 10-K filing is a big no no. Read this post and thread. Better yet go listen to their earnings call from August LOL!

https://www.blowoutforums.com/showpo...&postcount=240

Yes.

I have read the transcript. They have assessed the threat and don't believe it is an issue. They have conducted an internal investigation to assess any risks and are monitoring the forums to evaluate public opinion.

PSA has a strategy, do we as collectors? As I said in other thread two weeks ago. What are we doing? Are we hoping for the FBI to find the smoking gun? Or do we demand the grading industry make changes?

[pspa123]

Originally Posted by Clark

Yes.

I have read the transcript. They have assessed the threat and don't believe it is an issue. They have conducted an internal investigation to assess any risks and are monitoring the forums to evaluate public opinion.

PSA has a strategy, do we as collectors? As I said in other thread two weeks ago. What are we doing? Are we hoping for the FBI to find the smoking gun? Or do we demand the grading industry make changes?

Who is "we"? There are thousands of collectors, only a fraction of whom participate on message boards, and no organization. Who here is in a position to demand anything? We can vote with our feet, to quote Lenin, but what else?

[3124508 on COMC]

Originally Posted by Clark

Yes.

I have read the transcript. They have assessed the threat and don't believe it is an issue. They have conducted an internal investigation to assess any risks and are monitoring the forums to evaluate public opinion.

PSA has a strategy, do we as collectors? As I said in other thread two weeks ago. What are we doing? Are we hoping for the FBI to find the smoking gun? Or do we demand the grading industry make changes?

I don’t need to demand anything. I don’t think I’ve bought more than $100 in cards in the last 10 months. I’ve already acted.

[Clark]

Originally Posted by 3124508 on COMC

I don’t need to demand anything. I don’t think I’ve bought more than $100 in cards in the last 10 months. I’ve already acted.

You've done your share with outing this crap, along with BODA. You need some help from collectors, the "we" in my statement.

[Clark]

Originally Posted by pspa123

Who is "we"? There are thousands of collectors, only a fraction of whom participate on message boards, and no organization. Who here is in a position to demand anything? We can vote with our feet, to quote Lenin, but what else?

We need leadership, organization, allies, and clout. "Strength in Numbers" The same 15 people in forums arguing personal theories doesn't cause PSA to blink an eye.

[dustin42]

Originally Posted by pspa123

There are some very capable plaintiffs' securities lawyers too, but CU isn't a likely target I don't think because the trading volume is so low and therefore not much in the way of potential damages even if the stock took a big hit after a disclosure.

Probably correct. Joe and all the other shareholders aren't going to sue themselves.