Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Cityscape Financial (CTYS) -- Ignore unavailable to you. Want to Upgrade?

To: TNH who wrote (1233)	10/21/1997 7:29:00 PM
From: john carr	Read Replies (1) \| Respond to of 2544

Would someone be kind enough to tell me where I can find the specifics of the preferred conversion deal (in company language) thank you, John Also, where can I find Barron's online (if it even is)? I am a lurker in extreme pain on this board.

To: TNH who wrote (1233)	10/21/1997 7:58:00 PM
From: Rational	Read Replies (1) \| Respond to of 2544

The link is www.quote.com -- you need an account I guess. But, try. The after-hour reaction was by those who picked up the shares thinking the price was too low to pass and when they heard the news, they chose to dump. But, I think, the news indicates that CTYS will be a much cleaner sub-prime lender one day when they secceed in selling loans on whole-sale and foreclose on the bad loans; assuming that Bear Stearns does not issue a foreclosure on CTYS. Selling loans on whole-sale means less profit margins, but they will be real dollars!! Sankar