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

To: William Minich who wrote (1684)	11/27/1997 5:46:00 AM
From: John Liu	Respond to of 2544

I too noticed that recently there has been a bunch of them(Lawsuits) popping up. But it seems the street is no longer taking them into consideration(after the first few) since when the latest suits were reported the stock actually went up not down. . John

To: William Minich who wrote (1684)	11/27/1997 7:15:00 PM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 2544

William, I believe you're right about the damage caused by the suits. At the time of the first suit, CTYS was selling in the $14's. That was only a 45% drop from the annual high for the stock. Since the suits, the stock has fallen to less than 10% of that figure. The shareholders maximum gain, even if they win, will be equal to a piss- poor dividend check and the attorneys are set to make millions. Since they are not going to have to reimburse CTYS for their legal expenses, CTYS will loose substantial $ even if they win. Sounds like if I were an attorney, I would screen Zack's for all companies down by 45% or more and sue them silly. (in fact, I just did screen Zack's and found 424 potential companies.) Nice work if you can get it. Bruce