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The Asset: 1984 Transformers G1 “Pepsi Edition” AFA 85
The 1984 G1 Optimus Prime is one of the original Transformers toys. This particular Pepsi variation was an exclusive collaboration release. Instead of being available in stores, fans could purchase select bottles/cans of Pepsi — winning cans and bottles could be redeemed for the G1 toy. This toy is graded as an AFA 85 NM+.
The Offer
$12,720, which would net investors $12.04 / share, representing a 20.4% gain to the drop value of $10,600 or $10.00 / share on 7/6/21. Compared to the last traded price at $10.98 / share on 3/24/22, the offer represents a gain of 9.7%.
Recent Sales
The same toy graded AFA 85 most recently sold for:
- $8,600 on eBay in February 2022
- $16,684.50 at LCG Auctions in October 2021
- $9,500 at vintage toy seller, Wheeljack's Lab in March 2021
Submit Counteroffer: Open the asset in the app to submit your offer.
Trading has been placed on hold pending investor feedback related to the offer. We asked shareholders to provide feedback by Thursday, March 31st at 5pm ET.
The Otis team will approve or reject the offer based on a number of factors, including shareholder vote, recent sales, and trading price on Otis. If the buyout is approved, investors will be eligible to receive a payout into their Otis cash account once the transaction is finalized.
RESULT (4/1/22, 5pm ET):
After multiple bids, a final offer of $16,234.30 was accepted. The results of investor feedback for the initial offer of $12,720 were 74% approve and 26% reject, weighted by shares.
The final net payout of $15.36 / share represents a return of 53.6% vs. the drop value of $10.00 / share (IPO on 7/6/21) and a 43.8% gain vs. the last traded price of $10.98 / share (at market close 3/24/22).
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