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Non-Tech : Cityscape Financial (CTYS)
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To: Bruce A. Thompson who wrote (1896)12/19/1997 11:32:00 AM
From: pcyhuang  Read Replies (2) of 2544
 
Building shareholders' value

Is it possible that CTYS's management, in attempting to build up
shareholders' value, has devised a series of tactics -- like posting
its press releases here on the board, and purposely delays its news
announcements, etc., especially in this tax selling season -- to
create a perfect environment for a hudge corporate buyback.
Suppose CTYS declares bankruptcy (to fend off the class action suits)
just after a hudge corporate buyback of treasury stock in reserve for
conversion of the convertible preferred. Then after a certain period,
CTYS will emerge from bankuptcy with a shrinkage in capitalization,
and a surge of the stock will follow ....

For those of us who work in corporate reorganization and
restructuring, the above might be a possible scenario ...
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