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Non-Tech : Cityscape Financial (CTYS)
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To: pcyhuang who wrote (1857)12/18/1997 7:44:00 PM
From: Robert T. Quasius  Read Replies (1) of 2544
 
Don't forget that if there is a bankruptcy, the preferred stock holders are senior to common stockholders. I would think that at least some of the preferred stockholders might want to wait and see a clearer picture. Converting to common reduced preference in bankruptcy proceedings.
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