Hyperdynamics Corp (HDYNQ)

[Money Mike 1]

I think at this point it's pretty obvious HDYN is going to spud the well solo. We are roughly 6 weeks away from projected spud and still no partners (sounds like the deal with Sapetro fell through). I believe we will be getting a announcement of dilution at the shareholders meeting. If that's the case I would sell now. If the cost of the well is 50 million HDYN would have to issue 30 million shares @ 2 = $60 million (to also cover overhead and any possible overuns). That's 150% dilution.....