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Non-Tech : Cityscape Financial (CTYS)
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To: Bruce A. Thompson who wrote (1628)11/14/1997 3:53:00 PM
From: Zeev Hed  Read Replies (2) of 2544
 
Bruce, it was actually aound $100 MM increase in stockholders equity when they issued the $100 MM in preferred stock, and then about $40 MM or so net losses for the year. There is no smoke nor mirrors, just more shares and plenty of them. According to Sankar about 14 MM more than the same time last year and then another 25 MM will be issued if the conversion of the second chunk is at $2/share.

Zeev
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