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About to explode again....I'm holding for that buck!
good post bullish....that answers my questions...GLTY.
I agree .20 is Very possible! Let's go people!!
9Million O/S!!! Asset sale projected date was 28FEB2010!!! HUGE!!! PPS=$1.00 very possible with $10,000,000 in assets even more; FINLAY enterprises used to earn $700,000,000 and then some!!! THATS HUGE!!! GLTA
funny watching the MMS bouncing around on the bid....nobody is going to sell this low! IMO
FNLYQ .04!!! could BREAKOUT any minute SHARES are all in strong hands!!! IMO
FNLYQ .04!!! all they need is 10Million dollars from their asset sale!!! PPS=$1.00!!! WOW!!
Bid building, going to be a good day...get your tickets while they are still cheap!
FNLYQ 1 monkey left @ $.04 - 1 @ $.05- 2@ $.08 - 2@ $$$.20!!! HUGE!!!
Hey guys just looking around this stock and doing my own DD. Whats the current O/S and A/S? Also, I was just looking at there Income statments from the past 5 years, which imo they have been increasing in Total Revenue, but it seems that Sell / Gen/ AdminExpenses, Totals are really taking a toll. With this new PR that was released, and new management, do you guys think they can turn this company around back to the potential they had a few years ago?
Tickets in hand here, GLTA
FNLYQ .02 X .04!!! A$$ slap is the only way investors will get in...This is a LOTTO ticket with a chance to hit $1.00+...IMHO
WOW we have moved way up on top IHUB boards here. Looking forward to the remainder of the trading week here! GLTA
FNLYQ .02 X .035!!! candlesticks forming the bullish kicking pattern!!! GAPPER!!! 9.3MILLION O/S!!! FLOAT less than 5 Million IMHO!!!
http://www.hotcandlestick.com/directory/Bullish%20Kicking.htm
This stock is going to EXPLODE.
You be the judge.
DD on FNLYQ - Link to court documents for BK:
This is a link to ALL filings being made regarding Finlay's "Clean-Up" process in the Chapter 11.
http://chapter11.epiqsystems.com/finlay" rel="nofollow" target="_blank" >http://chapter11.epiqsystems.com/finlay
Click this link then click "Docket" at the tope of the page to check out all the work/paperwork being done to quickly get this company back to its' previous levels...
FNLYQ hit 1000% on 300,000 shares traded, we get 2Million shares traded today BULLISH price Target...
EVERYONE CHECK THIS OUT!
MM's only own 200,715 shares of this stock.
(Save the pic to your desktop so you can enlarge it)
That's why we moved so quickly during a SMALL buying rush... If we can get enough awareness to spark say a million or two in volume back-to-back, we're looking at astronomical gains.
Also if anyone can tell me how to make pics big in posts, I would appreciate it.
NR
Tomorrow is going to be a big day for FNLYQ. Set up very nicely.
FNLYQ .02 X .035!!! tom will show the MASSIVE POTENTIAL of this stock... with 9Million O/S it would not take much for this to rocket UP to $1.00+...Great BUYING opportunity below .07!!! IMHO
FNLYQ .025 X .035!!! $1.00 POTENTIAL !!!
Shares appear to be in extremely tight hands - noticed bid and ask just upticked, shake was basically an exercise in futility... GLTA
DIVIDENDS will be coming to shareholders from sale of assets!!! HUGE !!! now all we got to find is their exact DEPT!!! IMO !!!
$10,000,000 = $1.00+ PPS
Outstanding Shares
9,319,567 as of Sept 5, 2008
"Finlay Enterprises, Inc., through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is a retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States and achieved sales of $754.3 million in fiscal 2008. The number of locations at the end of the second quarter ended August 1, 2009 totaled 182, including 67 Bailey Banks & Biddle, 34 Carlyle and four Congress specialty jewelry stores and 77 licensed departments with The Bon Ton."
"If approved, the transaction is expected to be completed on or before February 28, 2010."
Looks like the offer for all their assets went through:
Finlay Enterprises Completes Bankruptcy Auction
NEW YORK, Sept. 24 /PRNewswire-FirstCall/ -- Finlay Enterprises, Inc. (OTC Bulletin Board: FNLY) and its affiliates and subsidiaries (collectively, the "Company") today announced that it had completed an auction for its business and assets pursuant to bidding procedures previously approved by the United States Bankruptcy Court for the Southern District of New York (the "Court"). As a result of the auction, the Company, in consultation with the agent for its senior secured lenders and the official committee of unsecured creditors in its chapter 11 cases, has selected Gordon Brothers Retail Partners, LLC as having the highest and best bid. Gordon Brothers will be appointed to act as the Company's agent to conduct "store closing" or similar sales of merchandise located at all of the Company's retail store locations and the Company's two distribution centers.
The proposed transaction remains subject to the approval of the Court, which is scheduled to conduct a hearing to consider the results of the auction on Friday, September 25, 2009. If approved, the transaction is expected to be completed on or before February 28, 2010.
Finlay Enterprises, Inc., through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is a retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States and achieved sales of $754.3 million in fiscal 2008. The number of locations at the end of the second quarter ended August 1, 2009 totaled 182, including 67 Bailey Banks & Biddle, 34 Carlyle and four Congress specialty jewelry stores and 77 licensed departments with The Bon Ton.
This release may contain "forward-looking statements" which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "will," "expects," "believes", "may" and similar expressions are used to identify these forward-looking statements. Such forward-looking statements are based on Finlay's current expectations and beliefs, are not a guarantee of future performance and involve known and unknown risks, uncertainties and other factors. Actual results, performances or achievements may differ materially from those contained in, or implied by, these forward-looking statements, depending upon a variety of factors including, in particular, the risks and uncertainties described in Finlay's filings with the Securities and Exchange Commission. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include, without limitation: (i) Finlay's ability to obtain court approval with respect to motions in the chapter 11 proceedings; (ii) Court rulings in the chapter 11 cases and the outcome of the proceedings in general; (iii) risks associated with third party motions in the chapter 11 proceedings, and (iv) the impact of uncertainties of litigation as well as other risks described under "Risk Factors" and elsewhere in Finlay's Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by Finlay or any other person that the events or circumstances described in such statement are material.
SOURCE Finlay Enterprises, Inc.
Bruce Zurlnick, Senior Vice President and Chief Financial Officer, Finlay Enterprises, Inc., +1-212-808-2800; or Caren Villarreal or Media Contact: Diane Zappas, FD, +1-212-850-5600
FNLYQ HUGE potential here!!! all the company has to forecast is 10Million in PROFITS PPS will shoot to $1.00!!! WOW!!! considering 2009 analyst estimate before recession 964.46 M dollars!!! DOLLAR coming!!! recession is almost done V shape recovery!!! BK is just a slight setback!!! IMO
Wonder what the float is if there is only 9 mil O/S...Damn!
FNLYQ only 9m O/S!
That explain 3 MM's at .20, this thing is going higher! Great DD Bullish!
FNLYQ!!! analyst estimate PPS $2.00!!!
http://finance.yahoo.com/q/ao?s=FNLYQ.PK
NEW management for FNLYQ!!! they need a change after their BK Im guessing BIGGER things to come!!! WOW!!!
26-Feb-2010
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On February 22, 2010, Norman S. Matthews notified Finlay Enterprises, Inc. (the "Registrant") that he was resigning from the Board of Directors of the Registrant and the Board of Directors of the Registrant's wholly-owned subsidiary, Finlay Fine Jewelry Corporation ("Finlay Jewelry"), effective February 22, 2010. Mr. Matthew's resignation is not the result of a disagreement with the Registrant or Finlay Jewelry on any matter relating to the Registrant's or Finlay Jewelry's operations, policies or practices.
CHECK YAHOO finance!!! their last PR was 2 weeks ago!!!
Whree is the PROOF????
PROFF that they are still in business????
FNLYQ .04!!! That would be INSANE its a beast!!
I'd be ok with a VRML type run,.045 to $20-30!
FNLYQ .04 X .07!!!
FNLYQ @ .07!!
ANALYST estimate $2.00 before BK today they are still in business (JEWELRY) huge LOW FLOAT!!!!
FNLYQ @ .03!
FNLYQ @ .016!
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Outstanding Shares: 9,319,567 Shares.
Authorized Shares: 25,000,000 Shares.
Finlay Enterprises, Inc. (Finlay) is a retailer of fine jewelry products in the United States through its wholly owned subsidiary, Finlay Fine Jewelry Corporation. Finlay primarily operates licensed fine jewelry departments in major department stores for retailers, such as Federated Department Stores, Inc. (Federated), Belk, Inc., The Bon-Ton Stores, Inc. and Dillard's, Inc. The Company sells a selection of moderately priced fine jewelry, including necklaces, earrings, bracelets, rings and watches, and markets these items principally as fashion accessories. In November 2006, Finlay completed the acquisition of L. Congress, Inc. (Congress’), a privately-owned regional chain of five jewelry stores located in southwest Florida In November 2006, Finlay completed the acquisition of L. Congress, Inc. (Congress), a privately owned regional chain of five jewelry stores located in southwest Florida.
Other Info:
08/14/08 Price hit new 52-week low ($0.33)
05/08/08 Upcoming Events Finlay Enterprises, Inc. 1st Qtr
05/28/08 Sales Release Q1 2008 Finlay Enterprises, Inc.
06/17/08 Earnings Release 9:30 a.m. ET Finlay Enterprises, Inc. Shareholders Meeting
The Company was provided 90 calendar days, until July 1, 2008, to regain compliance with this requirement by having its publicly held shares maintain a market value of $5,000,000 or greater for a minimum of ten consecutive trading days.
The Company was provided 180 calendar days, until October 6, 2008, to regain compliance with this requirement by having the bid price of the Company's common stock close at $1.00 per share or more for a minimum of ten consecutive business days.
Finlay Website: www.finlayenterprises.com
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