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

To: Shane Stump who wrote (1756)	12/8/1997 8:43:00 PM
From: harryr26	Read Replies (1) \| Respond to of 2544

Hi, Just curious how you guys think this will affect this quarter's earnings? Can we expect a small bounce from earnings if they seem OK? Debating when to get out of this. Thanks. Harry

To: Shane Stump who wrote (1756)	12/9/1997 9:57:00 AM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 2544

Shane, I'm single with no children. I really can't see why I should pay someone to make different mistakes from what I can by myself. That being said, doesn't the earnings warnint from CTYS practically guarantee the conversion of the preferred? Won't the conversion @ $1 or sub $1 pass controlling interest over to the convertabile holders? Who are they? Will they be able to straighten out this mess? Or would they prefer to hold their Preferred status until they believe the problems are over and then convert stealing all the fire of any recovery? Just when you thought all the bad news was past. Bruce