Hyperdynamics Corp (HDYNQ)

[whitenoize]

I also expect news prior to SHM. With the random scheduling of shareholder meetings I have to figure that it is not coincidental that ROG granted a postponement of the security instrument until Feb 20th. Obviously the contract with SAPETRO did not get completely hammered out in the original time frame the company was hoping for. Not a big deal, but I expect the "security instrument" they prefer to use may be tied to the finalization of that contract.
It makes sense to hold the SHM as soon as possible thereafter to spread the word and give the share price a bump prior to an offering to cover the remainder of 1st well costs. Also protects the current BOD for a year if a new major holder emerges from the offering.
While many hold out hope for a 2nd partner to be announced, I personally feel the odds are about 30/70 against at this point. (But hoping I'm wrong) I just don't see a 2nd deal being contingent on the 1st deal plus getting it all put together neatly prior to Feb 27th.
Just my opinions as always.