In message #1009, a long, long time ago, I predicted a steady, bored, slide to 50 cents. Was I right? Well, I was out by about 10% - we've had three lows at 56 cents. I'd call that close! The volume is still low, but there's going to be a reluctance to sell if the stock seems to be moving again. My bearish stance on this stock is now officially over; if you're interested in picking it up, now is probably the time to do it.
Thanks for troubling to post the details.
In short, with a market cap of only $9.26 million the accelerated filers rules do not apply to NZYM.
The company has been filing their 10K earlier than the law requires. I'll be looking for a turn around strategy in the filing. Produce other fine chemicals, boost sales, or something/anything to stem the recent losses.
I still don't see any reason to buy this, when there are other better stories out there. It's true that the book value is well over a dollar, yet a lot of that is plant and equipment - so the break up value wouldn't net you that much. The problem is that they're just slowly bleeding money (9 cents in the last quarter) and if they don't turn the thing around, it'll just waste away. To buy this stock, you've either got to believe that some customer will buy the whole company to get the plant on the cheap, or that they're really going to start selling more stuff. You can laugh at me tomorrow if there's a buyout, but frankly, I think it's just going to drift slowly into oblivion. It'll be a long process though, they've still got cash.