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Non-Tech : Cityscape Financial (CTYS)

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To: Bruce A. Thompson who wrote (1802)12/13/1997 6:38:00 PM
From: LPasko  Read Replies (1) of 2544
 
My question to everyone is: if the institutions or the converts are now in charge of the company, what can they do with this awful mess? Are there secured debtholders/bondholders/banks ahead of them? If so, don't they have no choice but to try to keep CTYS going as an operating company since they would get nothing in a liquidation until the debt is paid in full?
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