On January 6, 2021, Alta Fox Capital Management, LLC believes that the tender offer commenced by Cards Acquisition Inc. to purchase all the outstanding shares of Collectors Universe, Inc at a price of $75.25 per share is neither fair nor in the best interests of stockholders. Alta Fox believes that this transaction undervalues the Company’s brand and its future growth prospects, and therefore, the offer does not consider the interests of stockholders who may desire to retain their shares in the Company and have the opportunity to participate directly in the Company’s growth potential. Alta Fox stated that it does not intend to tender their shares in the offer and instead intend to exercise appraisal rights under Delaware law.