Quote:
Originally Posted by shrevecity
Many of them major consignors its possible they owe them tons of money. Many of the big consignors have never sent a dime of outside money into COMC so essentially everything they have done is on credit. I know I am one of many who has never sent them a dime. Wonder how many of us there are.
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They just hired 50 people. They may be inept, but they're making money hand over fist. They get 5% on every transaction. Think of all those Luka Prizm rookies that changed hands in august.
If the card market crashes things may changes. The cash flow argument may have a basis. But for now it is speculation that has no legitimacy.
I'm not a COMC lapdog. I've been fairly critical of them in this thread and am 100% on board with the shipping concerns brought here. But the problem for me is there is no alternative. I hate dealing with buyers and shipping cards. Starstock just isn't attractive to me.
The best way to show COMC that things have to change is stop using them cold turkey. COMC is like a bad girlfriend that we keep coming back to because there is no alternative.