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

To: Ray Dopkins who wrote (1270)	10/22/1997 5:49:00 AM
From: Ray Dopkins	Respond to of 2544

The Press Release seems to be quite telling. Several mentions of liquidity <ability to hold out until 1st QTR '98, etc.> combined with retaining BS to explore strategic "alternatives." If Mike Price is selling, I'm sure it's "alternatives" to bankruptcy. Further, it's really hard to estimate the value of wholesaling sub-par non-performing loans, but I have to believe the discount would be substantial. At any rate, I plan to wait until the open before taking a position. If you're facing a loss, I'd suggest doing the same rather than panic dumping. BS needs time to ascertain the merger options. Ray P.S. I've been through this with BAY and ASND. <g>