Razor Poker Group Break...Come in Share Holders

[mwheeler27]

To all Share Holders,

With the remaining auctions ending tonight from the first round of listings, it's not looking very good. What's left for tonight are a lot of dual autos and 6 game used autos which should continue to be bid on.

Currently, we have sales equaling close to $1800 counting what the remaining auctions are at before they have ended. This will represent selling 164 of the 300 cards and the best of what we have, not including the Quads, which won't sell because of the high BIN. (We will need to relist these with a different price or strategy).

Most of the singles sold for less than $5.00. In fact, 82 have sold for less than $5 with an average of around $3.50. We need to decide if we want to list the remaining cards tonight.

We have 132 more cards to sell, (not counting the 2 quads). Of these 132, there are 2 sp /200 that are the same, (Mike Matusow), and 4 dual autos, (none of which are sp).

I want to see what you guys think of this:

I will buy all of the remaining single autos for $5.00 each...126 @ 5 = 530
(right now they are averaging $3.50 each and we have to pay a lot of fees)

I will buy the 4 duals for $25 each...4 @ 25 = 100
(they won't bring this much if we relist unless we get very, very lucky)

I will buy the 2 sp/200 for $30 each...2 @ 30 = 60
(the 3 we have sold so far went for $26.50, $22, and $20.50)

This will give us an additional $690 without paying fees.

I think we need to relist the quads and possibly the 2 sp/200 and 4 duals if you think we can make more.

I'm proposing this because I don't think listing these will equal even close to this much. We would be saving on Ebay fees, Paypal, shipping, and supply fees. I would end up with a bunch of cards that aren't worth much right now, but might be worth a little more later down the road.

I don't want to do anything unethical here. So I will be more than happy to list each of these if that's what the group wants. I just want to see us get back as much money as we possibly can, and I don't think listing these lesser cards now will do that.

I could refund everyone's share by Friday as well as most of the people have already paid for the cards they have won, and I don't see it being a problem with anyone else. (This is of course if we sell the quads)

Let me know what you guys think. I'm sorry I don't have better news.

Deepest sympanthies but warmest regards,

Matt

[mwheeler27]

just received an offer on each of the Quads. $90 for the one with Hellmuth, and $70 for the other one.

Do we want to sell these now, or relist? I will of course wait until the last moment to accept the offers if that's what's decided, just incase we have a last minute bidder.

These end at 5:56 Pacific, (8:56 Eastern). A half hour from now.

[hockeyjunkie99]

That sounds like to lowball offers to me IMO.

[hockeyjunkie99]

$19 for the Harman/Mizrachi Dual.

[otmack2o]

1. I have no problem with selling the cards to you Matt.
2. I think the offers on the quads are too low. If they end, I say we relist them with a lower BIN/BO or just set them at $0.99 and let them go for 5 or 7 days
3. With the above numbers currently 1800 + 690 (you buy remaining cards), we are looking at around $165 per share in return, right?

[hockeyjunkie99]

Not bad on the Hachem/Matusow Dual $54

[hockeyjunkie99]

What was the per slot amount Tony? Make or break?

[otmack2o]

Slots cost $300 each. Right now, we are going to be lucky to get $200 back per slot.

[CaptainBOHICA]

matt - i got confidence in whatever you and the group decide.

[mwheeler27]

Originally Posted by otmack2o

3. With the above numbers currently 1800 + 690 (you buy remaining cards), we are looking at around $165 per share in return, right?

Tony, you would be close to correct. There are fees that have not been taken out of the $2490 that I gave you. But, the rarer dual autos are going for decent amounts tonight, plus what we should get for the quads, I'm hoping to give everyone back $200 per share. I don't think we will get back the $3000 in order to do this after fees if we list the remaining low-end cards.

Just to remind everyone, there are 15 total shares in this deal. So whatever we make will be divided equally by 15.