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Non-Tech : Cityscape Financial (CTYS)

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To: Bruce A. Thompson who wrote (1744)12/8/1997 12:50:00 PM
From: Brooks Jackson  Read Replies (2) of 2544
 
Interesting that as of 12:30 EST today the latest UK announcment by CTYS has failed to move its price.

So either:

(A) All the bad news short of outright bankruptcy or chapter 11 reorganization has already been discounted in the $1.50 share price, or...

(B) The street doesn't bother to read SEC filings and won't react until Reuters or some other news agency finally gets around to spreading the word.

I'm hoping its (A)
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