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Non-Tech : Cityscape Financial (CTYS)
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To: Zeev Hed who wrote (1629)11/14/1997 4:04:00 PM
From: Bruce A. Thompson  Read Replies (1) of 2544
 
Zeev, Earlier in the string, someone said that $75MM would take out the convertible preferred. Doesn't that limit the damage @ $2 to about 35MM shares? Also, aren't the investors who buy preferred prone to buy for safety & yield more than for quick profits in a troubled & risky market?

Bruce
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