Hey guys... if anyone is a fellow bondholder of Finlay Enterprises, please contact me by posting a comment below.
If we can get 25% of us together to demand immediate payment of our Senior Notes, we can accelerate the payment process and maximise our payout. (Should I be caring about any potential bad karma at this point? Finlay has indicated they have no intention to make the interest payment. If Finlay continues to operate, they will just be eroding their asset base away, leaving Senior Bondholders with a much lower recovery rate.)
Financially, it is in everyone's best interests to accelerate the process - especially for Senior Noteholders.
So, I say rip the Finlay bandaid right off.
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