>>From the beginning this was brought about by the want of our customers who wanted to spend a thousand dollars or more on a chip but wanted to have some type of third party input to make them feel more comfortable.

So in order for them to feel more comfortable you essentially made up a claim that the chips were being certfified by a third party. In fact since there is no actual standards by which these chips are reviewed by a third party you may as well have a chimpanzee do the grading.

Do you tell your cunstomers that there are no standards to be applied in assigning the grade?

I know that when I emailed you about the auctions you were running you did not answer my question about how to grade a chip.

In all fairness you did admit that theses grades are not commonly accepted by hobbyists (of course I knew to ask . . .how many of your investors ask that question)

The bottom line is that you are essentially lying to your customers by suggesting that the chips have been reviewed according to an accepted set of standards (that is the claim inherent in slabbing).

Are you still selling chips to investors, sure you are because they don't know any better, but guess what the investment value of a chip is based upon what you can sell the chip for later. How disappointed these sellers are going to be when they try to sell the chips, but the collectors are refusing to buy them, and when they pull them out of the slabs and they are offered a price based on the actual value of the chip and not some inflated nonsense because the chip is a 62 (and therefore better than that 61 that sold last week).

And what are they going to think of you and the great way you treated their friends and associates or Mather or Father when they find out that these grades are meaningless and nothing but a ploy to sell chips to uninformed investors.