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

To: blankmind who wrote (1258)	10/21/1997 11:37:00 PM
From: Ploni	Respond to of 2544

The shares outstanding were around 31.866 million, though that's probably higher now, following some of the conversions. As of the last shareholder's meeting, in June, about 72% of the common stock was closely held, between management and Franklin Funds. But we have no idea what the situation is now. The short interest has therefore been a very high percentage (around 35-50%) of the float for several months, but it hasn't caused any short squeezes. Today's volume was probably greater than the float, which probably shows a lot of reselling by the market makers, and perhaps a lot of daytrading. How high does short interest have to get to cause a short squeeze? What if it's over 100% of the float, through the practice of shorting non-existant shares? Doesn't a short squeeze still need a spark to set it off?

To: blankmind who wrote (1258)	10/21/1997 11:39:00 PM
From: john carr	Read Replies (2) \| Respond to of 2544

are we closer to 31 million shares now or was their a recent filing for another 10.5 million that I seem to remember. And were these 10.5 related to the convertible preferred? thank you, John

To: blankmind who wrote (1258)	10/21/1997 11:40:00 PM
From: JPM	Read Replies (3) \| Respond to of 2544

ALL: This company is far from dead, mark my words. Bear Stearns will find a viable solution that will pull this dog out of the ditch. Remember, BS is in bed with Firstplus Financial, BS being the lead underwriter. FPFG covets CTYS New York market of which FPFG has NOT yet entered due to licensing. UK market is still a very lucrative market. This company, although very much maligned and poorly managed as far as guidance is concerned, is a moneymaker. If you think this type of lending is crazy or even dead, think again. Whatever happens, CTYS is NOT going out of business, bankrupt, or any possible arcane combination of the two. If this company can be accused of anything, it is poorly managing and interpretating just how explosive their niche is.