Hyperdynamics Corp (HDYNQ)

[Rule_62]

Getting above a buck only solves the most recent delisting issue. The longer outstanding one still looms.

In addition, the NYSE noted Hyperdynamics remains subject to NYSE continued listing standards with respect to the plan of Hyperdynamics to regain compliance with the $50 Million Standard. The $50 Million Standard requires the Company to maintain an average market capitalization and stockholders' equity greater than $50 million over a 30 trading-day period. In April 2014 Hyperdynamics received notice from the NYSE of falling below the $50 Million Standard. Hyperdynamics submitted a plan and provided periodic updates to the NYSE to regain compliance within 18 months. The Company's plan was accepted by the NYSE subject to continued monitoring.

* Shareholders equity as of Dec 31 2014 was reported as $37.745M
* Market Cap as of Feb 13th was $18.86M

A share price of $2.38 would solve half that problem.