BUY OUT OFFER REJECTED
Ezra Levine is the CEO of Collectable
Dear Investor,
We are writing to update you on the results of the 48-hour shareholder survey following the buyout offer on our Mickey Mantle ’52 Topps PSA 8.
As you know, Mickey Mantle ’52 Topps PSA 8 for $1,400,000. The asset was offered on Collectable for $485,000 ($10/share). The asset has been trading on Collectable’s secondary market and last closed at $1,194,127 ($23.94/share), up 139.4% since IPO.
Inclusive of Collectable’s equity interests in the offering and broker-dealer transaction fees, Collectable would return approximately $26.62 net price per share following a positive survey of shareholders and decision by the Manager. This represents a 166.2% net return over the IPO price and a 11.19% net premium over last traded price on Collectable’s secondary market.
On a share weighted basis, 67% chose to REJECT the buyout offer. As a result, the Manager has declined the buyout offer. The asset will continue to trade on Collectable’s secondary market, beginning TODAY @ 2pm ET.
All the best,
Ezra Levine
CEO, Collectable