Cityscape Financial (CTYS) Message Board

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Non-Tech : Cityscape Financial (CTYS)

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To: Rational who wrote (1415)	10/25/1997 5:54:00 PM
From: Ray Dopkins	Read Replies (1) of 2544

>>Which broker sells the bonds? I trade through Schwab, but I believe their bond is closed until Monday. >>They are trading at $70 and can go to par soon -- Hmmm... 70 cents on the $1 (!) Also, isn't there a conversion feature? >>very little downside because as a senior claimholder, you can getyour face value Yes, that's why I think debt side is the most appropriate for CTYS. Look at all the money Cargil made buying the Stratosphere Tower bonds.....<g> by the time they were done, Grand Casinos didn't know what hit them. Ray

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