Cityscape Financial (CTYS) Message Board

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Non-Tech : Cityscape Financial (CTYS)

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To: Hansy who wrote (1467)	10/29/1997 8:37:00 AM
From: Zeev Hed	Read Replies (1) of 2544

Hans, yes, but they were 93 MM negative cash flow and their own releases says that they will have enough cash to the end of the first quarter 1998. You think it is prudent for them to use this cash for speculating in ttheir own stock? What if we are entering a bear market? The stock may not recover for a year and they will not be able to stop the dilution. Management with fiduciary responsibilities invests excess cash available in US treasuries, it does play russian roulette with corporate survival. People that want to invest with market players (short or long) invest in mutual funds or hedge funds. Zeev

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