Cityscape Financial (CTYS) Message Board

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Non-Tech : Cityscape Financial (CTYS)

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To: Paul Capozzoli who wrote (1530)	11/5/1997 8:31:00 PM
From: Wayne Umfleet	Read Replies (1) of 2544

>>There simply is no reason to buy this stock for individuals or big investors.<< One reason may be that the company has been making some decent profits, and has been beaten to a pulp because of a slew of negative events. If you believe Cityscape will be a going concern, and can get past the potentially devastating dilution issues, then CTYS is a bargain now. I believe they can get past these issues, with the help of Bear Sterns, BUT if something is unearthed (e.g. fraudulent financial reporting) that raises strong doubts about Cityscape as a going concern, all bets are off! It may be wise to wait until many of these issues are resolved before investing anything here, unless you like to gamble!

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