- Statement of Ownership (SC 13G)
November 04 2009 - 10:27AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Nyer Medical Group Inc.
(Name of Issuer)
Common Stock Par Value $.0001
(Title of Class of Securities)
670711100
(CUSIP Number)
October 26, 2009
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o
Rule 13d-1(b)
x
Rule 13d-1(c)
o
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.
13G
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CUSIP No. 670711100
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1. Names of Reporting Persons.
Red Oak Partners, LLC
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2. Check the Appropriate Box if a Member of a Group
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(a)
o
(b)
o
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3. SEC Use Only
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4. Citizenship or Place of Organization.
New York
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Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
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5. Sole Voting Power
0
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6. Shared Voting Power
338,441
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7. Sole Dispositive Power
0
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8. Shared Dispositive Power
338,441
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
338,441
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11. Percent of Class Represented by Amount in Row (11)
8.51%
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12. Type of Reporting Person (See Instructions)
OO
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CUSIP No. 670711100
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1. Names of Reporting Persons.
The Red Oak Fund, LP
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2. Check the Appropriate Box if a Member of a Group
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(a)
o
(b)
o
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3. SEC Use Only
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4. Citizenship or Place of Organization.
Delaware
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Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
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5. Sole Voting Power
0
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6. Shared Voting Power
252,389
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7. Sole Dispositive Power
0
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8. Shared Dispositive Power
252,389
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
252,389
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11. Percent of Class Represented by Amount in Row (11)
6.34%
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12. Type of Reporting Person (See Instructions)
PN
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CUSIP No. 670711100
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1. Names of Reporting Persons.
Pinnacle Partners, LLC
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2. Check the Appropriate Box if a Member of a Group
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(a)
o
(b)
o
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3. SEC Use Only
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4. Citizenship or Place of Organization.
Colorado
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Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
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5. Sole Voting Power
0
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6. Shared Voting Power
86,052
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7. Sole Dispositive Power
0
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8. Shared Dispositive Power
86,052
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
86,052
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11. Percent of Class Represented by Amount in Row (11)
2.16%
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12. Type of Reporting Person (See Instructions)
OO
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CUSIP No. 670711100
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1. Names of Reporting Persons.
Pinnacle Fund, LLLP
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2. Check the Appropriate Box if a Member of a Group
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(a)
o
(b)
o
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3. SEC Use Only
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4. Citizenship or Place of Organization.
Colorado
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Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
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5. Sole Voting Power
0
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6. Shared Voting Power
86,052
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7. Sole Dispositive Power
0
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8. Shared Dispositive Power
86,052
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
86,052
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11. Percent of Class Represented by Amount in Row (11)
2.16%
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12. Type of Reporting Person (See Instructions)
PN
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CUSIP No. 670711100
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1. Names of Reporting Persons.
David Sandberg
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2. Check the Appropriate Box if a Member of a Group
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(a)
o
(b)
o
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3. SEC Use Only
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4. Citizenship or Place of Organization.
United States
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Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
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5. Sole Voting Power
0
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6. Shared Voting Power
338,441
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7. Sole Dispositive Power
0
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8. Shared Dispositive Power
338,441
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
338,441
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11. Percent of Class Represented by Amount in Row (11)
8.51%
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12. Type of Reporting Person (See Instructions)
IN
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Page 6 of 9
13G
CUSIP No.
ITEM 1.
(a) Name of issuer:
Nyer Medical Group Inc. (the “issuer”)
(b) Address of Issuer's Principal Executive Offices:
13 Water Street
Holliston, MA 01746
ITEM 2.
This statement (this "Statement") is being filed by David Sandberg, the controlling member of Red Oak Partners, LLC, a New York limited liability company ("Red Oak Partners"), which serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Red Oak Fund") and a managing member of Pinnacle Fund LLLP, a Colorado limited liability limited partnership ("Pinnacle Fund" and together with the "Red Oak Fund", the "Funds"). The Funds are private investment vehicles formed for the purpose of investing and trading in a wide variety of securities and financial instruments. The Funds directly own the shares as reported in this Statement. Each of the filers hereto disclaims beneficial ownership with respect to any shares other than the shares owned directly by such filer.
(b) The principal business office of the Filers is 654 Fourth Avenue, Suite 5, New York, New York 10012.
(c) David Sandberg is a citizen of the United States.
(d) This Statement relates to Common Stock, $.0001 par value, of the Issuer.
(e) The CUSIP Number of the Shares of the Issuer is 670711100.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
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(a)
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[_]
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
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(b)
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[_]
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Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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[_]
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Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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[_]
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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[_]
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An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
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(f)
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[_]
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An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
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(g)
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[_]
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A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G);
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(h)
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[_]
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[_]
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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[_]
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Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
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ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
With respect to David Sandberg and Red Oak Partners, LLC, 338,441 shares of Common Stock.
Page 7 of 9
Percent of class:
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With respect to David Sandberg and Red Oak Partners, LLC, 8.51% of
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Common Stock.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
With respect to David Sandberg and Red Oak Partners, LLC, 338,441 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
With respect to David Sandberg and Red Oak Partners, LLC, 338,441 shares of Common Stock.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
(a) Not applicable.
(b) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Page 8 of 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: November 4, 2009
/s/ David Sandberg
David Sandberg
Red Oak Partners, LLC
/s/ David Sandberg
David Sandberg, Managing Member
Pinnacle Partners, LLP
By: Red Oak Partners, LLC, its general partner
/s/ David Sandberg
David Sandberg, Managing Member
The Red Oak Fund, L.P.
By: Red Oak Partners, LLC, its general partner
/s/ David Sandberg
David Sandberg, Managing Member
Pinnacle Fund, LLLP
By: Pinnacle Partners, LLC, its general partner
By: Red Oak Partners, LLC, its general partner
/s/ David Sandberg
David Sandberg, Managing Member
Page 9 of 9
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