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

To: NicholasC who wrote (1639)	11/14/1997 5:36:00 PM
From: Bruce A. Thompson	Read Replies (2) \| Respond to of 2544

Nicholas, IMHO I think youre right. Lets see...Conversion wont be a problem untill march-may. That gives 800+ trained originators with a $500MM credit line and an existing network of thousands of bankers and brokers who already have hundreds of $MM in the pipeline and a market with lower interest rates and homeowners with growing equities in their homes on the way. I read it (IMHO) that if they can have two quarters of last 3 years avg quarterly earnings the stock should be high enough that half of the class participants would be "in the money" and therefore out of the class. The rest wont matter because by that time the judges wont certify the class and the attorneys wont bother with individual suits 'cause there wont be any $$ in it for them. Finally IMHO I truly believe the price will have risen high enough to eliminate the problem of the balance of the convertables and there won't be any more of them comming out. Looks like now is the time to "Go Large" as Burger King says. Bruce