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Non-Tech : Cityscape Financial (CTYS)
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To: William Minich who wrote (1865)12/18/1997 1:31:00 PM
From: Zeev Hed  Read Replies (1) of 2544
 
William: Well, it is even worse than I thought. Luckily, I never got tempted enough even for a DCB, so I never made money nor lost any on this one. It has a good chance of going on the heap. I wonder if CTYS is violating just the price or also the net equity. If the latter, than they have barely any equity and they are dead. Once it trades on the pink sheets the MM will have a 50% spread between the bid and ask. Bad scene.

Zeev
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