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: Shane Stump who wrote (1782)	12/11/1997 3:03:00 PM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 2544

Shane, Here's a link that gives the details of what it takes to be DELISTED. CTYS is close. Bruce Http:/www.motleyfool.com/rogue/1997/rogue970207.htm

To: Shane Stump who wrote (1782)	12/11/1997 5:38:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 2544

Shane, I would worry more about continuing as a going concern than delisting. It takes six month under 1, I think or a net assets value of less than a million, they have (with the right accounting) the assets, so delisting might not be it. As for Bruce's question on maximum dilution, at 1/2 it will add 110 MM if all the first convert is converted, and I am not sure about that. Yes they cannot issue more than 100 MM shares, but all that is required is that the majority of stockholders agree to increase the number of share. Well guess who is the majority stock holders, the converts of course, so they will authorize increasing the number of shares and then go possibly through a reverse split. Zeev