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Non-Tech : Cityscape Financial (CTYS)
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To: JPM who wrote (1261)10/22/1997 2:08:00 PM
From: Zeev Hed  Read Replies (1) of 2544
 
JPM, I am not sure wwhat "dead" is, but if the stock drops to $1.5, the next step will be asking the stockholders authorization for an additional 100 MM shares. At $1.5/share the $75 MM or so of floorless will convert to an additional 50 MM shares, bringing the toalt to 90 MM, and leaving only 10 MM for other corporate needs.

Zeev
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