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: Robert T. Quasius who wrote (1504)	11/1/1997 9:52:00 AM
From: Ploni	Read Replies (1) \| Respond to of 2544

Robert, Did the legal stuff come via FedEx? Yesterday I received a note from FedEx that they have something for me, and of course I have to wait until Monday before they return. I have never heard of options being included in a lawsuit. Are you sure about this? I wouldn't have thought that would be possible, as the company is not responsible for the existence of those, and never derives any benefit from the issuance of them. That would be good news for me, though, since I also bought some calls which are sure to be worthless. Do we know what day earnings (losses?) will be released to us few people who obviously weren't in the loop for leaked insider information? I hope you are right about the possibility of a bounce, especially if it's good for a few points. I'm concerned that "management" might have concluded that since the stock can't suffer much more, they'll load up this past quarter with every conceivable loss, revise their previous accounting rules to assume early redemptions, etc. - Chas.

To: Robert T. Quasius who wrote (1504)	11/1/1997 1:09:00 PM
From: aroundight	Respond to of 2544

I am long and wrong on Citiscape and making the same inquiries regarding the derivative suit. I am also thinking of dumping the stock if we get a rebound after earnings. But I would be careful to draw any conclusions regarding the honesty of management from the allegations in the complaint. I used to defend these kinds of suits (admittedly more than a decade ago) and IMO it is fairly easy to create a damning picture in a complaint after a large, news-related drop in the stock price. A different story sometimes emerges in the litigation.