Truth or error in CLCT's 10K report?

[Frank Provasek]

Carefully read this paragraph from Collectors Universe's 10K report filed last month

with the Securities and Exchange Commission

 

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001089143-07-000012&Type=HTML

 

The Certified Con Exchange (CCE) website, which we purchased in 2005, is a business-to-business website for recognized dealers in the trade. Currently, there are over 200,000 certified coins being offered at bid and ask at an aggregate value of over $200 million, an increase in excess of 100% of the number of items offered on average in the previous year. The liquidity afforded the units traded on CCE increases the demand for PCGS certified coins.

[carson city]

And are we supposed to guess at what" Frank's Rare Coins" point is ? Or will he enlighten us ?

[MarkFeld]

Carefully read this paragraph from Collectors Universe's 10K report filed last month

with the Securities and Exchange Commission

 

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001089143-07-000012&Type=HTML

 

The Certified Con Exchange (CCE) website, which we purchased in 2005, is a business-to-business website for recognized dealers in the trade. Currently, there are over 200,000 certified coins being offered at bid and ask at an aggregate value of over $200 million, an increase in excess of 100% of the number of items offered on average in the previous year. The liquidity afforded the units traded on CCE increases the demand for PCGS certified coins.

I don't see an error, other than that I think better terminology would have been something like "there are over 200,000 certified coins for which bids and/or asks are posted".

[MAULEMALL]

Here is the part I found interesting

Our top 5 customers, account for approximately 14% of our total net revenues.

 

During the year ended June 30, 2007, five of our coin authentication and grading customers accounted for approximately 14% of our total net revenues. As a result, the loss of any of those customers, or a lower level of grading submissions by any of those customers, may cause our net revenues to decline and, therefore, could harm our profitability.

 

Our currency, diamond and colored gemstone authentication and grading businesses are in their start-up phases. There can be no assurance that these businesses will prove to be successful.

Kinda makes you wonder who they are...

 

[Frank Provasek]

Certified CON Exchange

[MarkFeld]

Certified CON Exchange

Whoops!