Hyperdynamics Corp (HDYNQ)

[TOB]

I didn't see any links in your message.. -spacecityTX

There are three purple links in my post #17980 which I link below. Each one leads to a webpage that further details the FCPA issue by people who study this. HDY's situation is not unique, these FCPA's are a horror show, and far from cut and dry. The DOJ basically cares ZERO about Statute of Limitations (SOL).

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106550513'

HDY hasn't signed a tolling agreent nor has it waived the SOL. -spacecityTX

Is this information from HDY or an assumption? As they are cooperating, it is quite likely they have in fact done so. Read the links, and you will see why they like have done so, to demonstrate full cooperation.

The courts have only ruled a couple of times regarding fcpa Sol and they ruled a continuing act is a very high hurdle. -spacecityTX

You're missing my point. SOL only becomes relevant as a defense once there is a criminal indictment. A criminal indictment would be a disaster for HDY, it wouldn't matter to shareholders if it resulted in a conviction or not, the only exploration PSC would expire, as would HDY.

HDY will cooperate in every way to avoid this, and their high powered lawyers would know better than to even mention SOL to the DOJ.

Thus HDY would bend over backward to cooperate, and not even talk about SOL to the DOJ.

These FCPA investigations have no SOL, they are usually settled outside of court with no charges filed. Quite often for events well beyond the 5 and 8 year SOL.

If i believed HDY is conceiling or hindering an investigation I would sell. I do not believe they are -spacecityTX

I don't believe so either. They are spending the exorbitant legal fees demonstrating cooperation, and hoping this leads to a quicker resolution.

Whatever they are looking at involves a timeframe less than five years imo -spacecityTX

That is possible, and perusing my links and researching the matter one will see that it could also be a matter more than five years from the start of the investigation. This is not especially a concern of the DOJ, this is a game of chicken, which they win easily.

When the event(s) being investigated occurred is really a moot point at this stage. It would only ever be an issue after a criminal indictment, at which point HDY would be finished. Thus relevant only to those facing the criminal charges.