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83 MILLION IN CASH....? In re Finlay Enterprises, Inc. Case No. 09-14873 through 14880
Debtor Reporting Period: May 2010
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS (1)
Amounts reported should be from the debtor’s books and not the bank statement. The beginning cash should be the ending cash from the prior month or, if this is the first report, the amount should be the balance on the date the petition was filed. The amounts reported in the "CURRENT MONTH - ACTUAL” column must equal the sum of the four bank account columns. Attach copies of the bank statements and the cash disbursements journal. The total disbursements listed in the disbursements journal must equal the total disbursements reported on this page. A bank reconciliation must be attached for each account. [See MOR-1CONTINUED]
ACCOUNT FISCAL
MAY 2010 CUMULATIVE FILING TO DATE ACTUAL
(TOTAL OF ALL ACCOUNTS)
CASH BEGINNING OF MONTH (2) 83,236,000 5,158,000
RECEIPTS
CASH SALES 279,000 159,063,000
PROCEEDS FROM GORDON BROTHERS FOR LIQUIDATION GUARANTEE 99,709,000
TOTAL RECEIPTS 279,000 258,772,000
DISBURSEMENTS
MERCHANDISE 0 2,414,000
PAYROLL AND PAYROLL TAXES 2,061,000 42,916,000
RENT & OTHER OCCUPANCY 74,000 17,838,000
SALES & OTHER TAXES 227,000 24,867,000
SELLING, GENERAL & ADMINISTRATIVE 220,000 20,260,000
REVOLVER & BOND INTEREST 0 1,914,000
RESTRUCTURING PROFESSIONAL FEES INCLUDING LIQUIDATOR FEES, NET OF COMPANY'S SHARE OF AUGMENT GROSS MARGIN 569,000 6,949,000
LOAN REPAYMENTS TO GE & 2nd LIEN NOTE REPAYMENT 0 62,957,000
FUND LC COLLATERAL 0 3,451,000
TOTAL DISBURSEMENTS 3,151,000 183,566,000
NET CASH FLOW (2,872,000) 75,206,000
(RECEIPTS LESS DISBURSEMENTS)
CASH – END OF MONTH (2) 80,364,000 80,364,000
THE FOLLOWING SECTION MUST BE COMPLETED
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT MONTH ACTUAL COLUMN)
TOTAL DISBURSEMENTS FISCAL
MAY 2010 CUMULATIVE FILING TO DATE ACTUAL (TOTAL OF ALL ACCOUNTS)
LESS: TRANSFERS TO OTHER DEBTOR IN POSSESSION ACCOUNTS 3,151,000 183,566,000
PLUS: ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES (i.e. from escrow accounts) 0 0
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES 3,151,000 183,566,000
1 - We track cash receipts and disbursements on a consolidated basis and not by individual bank accounts.
2 - Excludes add back of A/P Overdraft (GAAP adjustment) and credit card receivables.
Only 9M O/S
what's the scoop here?
which report are you referring to? can't find any.
LOOKS LIKE A REPORT WAS PUBLISHED YESTERDAY. i HAVE TO BUY $100.00
Sweeet lovin
FNLYQ @ .052!
lookn good!..like you kid!
FNLYQ @ .0205!
FNLYQ @ .013!
call the company see whats happening~ imo
Bullish...what is the scoop on this one?
FINLAY ENTERPRISES INC
8-K March 30, 2010
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7155221
8-K February 26, 2010
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7085603
All Filings by FNLYQ
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=fnlyq
FNLYQ contact info:
Finlay Enterprises, Inc.
529 Fifth Avenue
New York, NY 10017
Phone: (212) 808-2800
http://www.finlayenterprises.com/phoenix.zhtml?c=95925&p=irol-irhome
nice find budd, could be significant if the shares remain public and the company is able to restructure; caution in Q stocks. imho
FINLAY ENTERPRISES INC /DE filed this Form 8-K on 03/30/10
Entire Document (667.1 KB)
http://www.finlayenterprises.com/phoenix.zhtml?c=95925&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9Njg2MTgyMyZhdHRhY2g9T04mc1hCUkw9MQ%3d%3d
The trading pattern here looks good. IMO the MMs are just manipulating to see with they can get any cheapies before the next run. The Bid gets slapped and the Bid keeps rising. GLT everyone here.
Happy Monday to the FNLYQ board, wow, the spread says it all this morning! GLTA
HERE IT COMES!
Patience will be rewarded here, imo - already has been, in fact! :) GLTA - have a great weekend.
Goodmorning peeps.
volume today is non existent. i still believe this is being manipulated by all these small trades. the ask has rarely been under 3, and when it was at .025, i was typing in a buy order and it jumped immediately. i think it will bolt again soon, the volume yesterday was nuts, and should be ahead of some sort of pr imo.
LOL - bid at .0211 - ask at .04 - now that is what I call a spread! :) guess the broke d... club has run out of shares to sell!
Consolidation day today...very low volume. May rebound this afternoon. Hopefully we see a green close.
im not leaving, i put alot of dd in on this last night, and i think its going to be large. might add some soon, i bought all day yesterdays from the bottom to the top. hold tight, NITE dosent seem too eager to sell.
Agreed - dinky sells going through - must be the national organization of broke d... traders selling their 5000 share allotments! :) - should recover once these guys get their shares sold to pay for cab fare back to their neighborhoods. GLTA
I'm still here, gotta consolidate sometime. Once the tiny flippers get out we move back up IMO
LOL - plenty of folks holding here awaiting news. IMO the only thing that has changed is the $50 traders are running scared at mm tricks :) GLTA
Yes. Everyone sold at the bid... You are now alone :P
If someone would just take out those .04, we'd be moving much faster
FNLYQ 2 @ .04 2 @ .05 1 @ .06 then .20!!!FNLYQ - AmericanBulls buy confirmation
http://americanbulls.com/StockPage.asp?CompanyTicker=FNLYQ&MarketTicker=OTC&TYP=S
Doubtful...someone wanted to take some $$$ and move it elsewhere and got out at the bid. No big deal, just need some ask slapping here.
I also enjoy a quiet board without a lot of attention. GLTY
there is only 19k involume coming through in 5 k trades. no one wants out, its manipulation
it will be let them mess with it, it only had 19k volume so far. games are boing played
Someone wants out today...hopefully they will be done selling soon.
I actually like this board with hardly anyone trying to spread bashful rumors. Once word gets out the bashers come running. I am rather enjoying the steady climb with little investors. That just proves when this hits the news charts, that we will rocket the heck out of penny land.
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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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