Alright I got the dreaded call from the mechanic at Yamaha. ...(Pause for effect) He said the issue was a pin that openned a compression valve that was broken and left the valve openned..or is it closed? Can't remember but that's the problem and my engine is not shot or anything that drastic. The oil change, wire repare and that pin replacement will come to a heafty $400 though. I can't complain because the bike cost 14K so it is cheap compared to what it could have cost. I'm going to ask if it is considered a manufacturer's defect. Maybe I can get the $100 part for free.
I hope he is able to fix it without any trouble.
Will let you know once I swipe the VISA if he lied to me.
Chuck