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

To: Ray Dopkins who wrote (1414)10/25/1997 5:46:00 PM
From: Rational  Read Replies (2) | Respond to of 2544
 
Which broker sells the bonds? They are trading at $70 and can go to par soon -- very little downside because as a senior claimholder, you can get your face value $100 easily.

Sankar



To: Ray Dopkins who wrote (1414)10/25/1997 8:33:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 2544
 
Ray: I do not understand why everyone is looking to B&S to clean up the mess at CTYS. B&S knows nothing about subpar lending, they know about equities, various financing vehicles (by the way, anyone knows who underwrote the preferred, was that B&S or another house?) and finding "mariage" partners (gun shot, or lolipop).

They are not going to clean the mess, they are going, at best, "repackage" the mess.

Zeev


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