Replies to post #61289 on Value Microcaps Motherboard

[nelson1234]

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.

[curlews]

NYER - whyme, you should probably point out that the .22 net income was really .20 diluted, and that it included a .14 tax benefit, so really this is a high PE stock based on real earnings.

[roguedolphin]

whyme....DYNT you were loving this at it's last swing high prices. Now that it's groveling at it's yearly lows are you still liking it??

I'd really rather hear about stocks before they get overbought on the charts.