At this point, I'm surprised Upper Deck is still a company. Perhaps it's just a building with one man behind the desk running the entire operation, but it's hard to believe with the layoffs, the lawsuits and all their financial problems that this company will exist for much longer.
The New York Times wrote an article on Friday stating the MLB Players' Union has urged its members to stop signing autograph cards for the company and not enter any new contracts because Upper Deck is way behind on its payments to the players.
So, if you have any redemptions you have been waiting for, stop waiting. They're probably not coming.
When does a company finally file for bankruptcy?
If Upper Deck does come back from all of this, will collectors still want to purchase their product?
With myself, with Upper Deck no longer having a baseball license, I am all but done with their company. I'm also just greatly disappointed they allowed this to happen. Upper Deck didn't suffer because of the bad economy and lost their business because no one was spending money.
They blatantly were involved illegal practices with counterfeiting the Konami cards and ignoring the fact they didn't have an MLB license. While I am sad to see competition leave the market place, I do not feel for Upper Deck.