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Non-Tech : Cityscape Financial (CTYS)

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To: Brooks Jackson who wrote (1814)	12/14/1997 2:28:00 PM
From: Shane Stump	Read Replies (1) of 2544

Zeev really should... I spend more time trying to research CTYS than anything I have ever been in. I sure wish I had understood the implications of the $50m preferred stock offerings (as a negative instead of as a sign of support). The other thing I have learned from all of this: check out the company's accounting practice. While there have been several articles discussing it, I really didn't digest their implications until I was out (people invested in FPFG, SFC, AAM, and other subprime lenders may be about to get hammered tomorrow because of this)! Happy Holidays, Shane

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