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Non-Tech : Cityscape Financial (CTYS)
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To: Ploni who wrote (1641)11/14/1997 5:39:00 PM
From: Rational  Read Replies (2) of 2544
 
Charles or anyone:

Has Grosser given up his stock holding (or a part of it)? Was he forced to leave? If he was asked to leave, Bear Stearns must be playing a heavy hand. CC answers about whether or not cash flows generated would go to debtholders were unclear to me. Retirement of existing debt was ruled out, however, indicating that business is unlikely to be wound up. I am still guessing the gravity or a lack of gravity (beyond the reported numbers) of the exact situation.

Sankar
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