whyme, NYER (and a little asys)
I've been in and out of NYER for years. And while I agree that NYER could rebound strongly from these levels, there is IMO, a good amount of risk here.
As I recall, the 20% minority shareholders (pharmacists) are scheduled to be paid $4,000,000, and I believe NYER is late in their payment. Beginning this month, NYER has to pay something like $35,000/month in penalty fees to these shareholders.
So, unless NYER can work out a deal with their minority interests, they will somehow have to finance a $4,000,000 payment - I guess through either the sale of assets, shares, or financing through Mr. Nyer, the former CEO and largest shareholder. Four mil is a lot for NYER.
If they can work something out, NYER may do real well. However, it is risky here IMO.
I do not hold a position in NYER.
BTW, sold half of ASYS at the open.
