Hyperdynamics Corp (HDYNQ)

[CashMcMogulson]

I bet those guys are twiddling thumbs doing jack and squat. They get $60K-80K, for what? Flying into Houston once every quarter to review the limited financials and having a steak dinner on the company dime that night? That's a pretty nice gig for being retired. What's even more egregious is the fact these guys get a VERY HIGH directors compensation fee for a sub-$100mm market cap company. My previous employer was a legitimate publicly traded REIT with a market cap above $1B, and our directors averaged $55k PER YEAR. They had to review REAL financials, had actual committees that made decisions (audit, compensation, etc), and would have multiple conference calls every quarter in addition to their quarterly in-office meetings. They also approved dividends and reviewed M&A transactions. HDY's directors don't do jack squat.