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

To: bsl113 who wrote (1778)	12/11/1997 5:20:00 AM
From: Shane Stump	Respond to of 2544

It seems to read that we can expect another huge extradordinary item this quarter ... it will be interesting to see if the company can survive it... I would also expect to see CTYS annouce a change in accounting methods to only report actual income instead of unrealistic expected income. Shane

To: bsl113 who wrote (1778)	12/11/1997 7:59:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 2544

Bryan, the first document is a disclosure that the problems in the UK might cause the recognition of additional losses (derecognition of prior earnings) while the second is a disclosure that Barney and Smith bailed out of their debentures (these were convertible in the 20's) and prbably took a massive bath. Anyone knows what these debemtures are going for? Zeev