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If you don't think this guy could go someplace else and get paid the same if not more you are crazy. Yes, I agree it's ridiculous what he makes, but he will command that elsewhere so I'm happy he believes in this company. Maybe I'm wrong but it's another perspective that could be correct.
Incorrect. The cost of severance is $.7mm but they are saving on the cost of salaries. The overall cost savings is $.8mm. The cost savings is not 100k.
Incorrect. The cost if severance is
I agree. This has been going on for a while so I hope we getting close to it being resolved. Again, I think HDY needs to make an argument to the govt that the best way to help Guinea in this time of crisis is to finalize the investigation so they can begin to drill. guinea is going to be strapped for cash and this could help a great deal. I think everyone now has a vested interest in a strange way. Who knows. Just my two cents.
It's actually going to save close to $1mm. Not sure how politics plays a role here.
I've been thinking a lot about logical next steps for this company.
1. The company needs to put pressure on the govt to finalize the lawsuit. Ebola has been a huge blow to the region so it is in everyone's best interest if they can move forward. Everyone loses is this doesn't happen.
2. I like that Ray is still around even though I hate his management style. He could easily have jumped ship but I believe that he knows we're sitting on something big.
3. We need cash and the only way we will get it is through selling more of our stake. I'm fine with that. Unfortunately that won't happen until pending investigation is over. We're at the mercy of the govt which is again why point #1 needs to be made if it already isn't.
I'm down so much I have nothing more to lose so I'm gutting this out.
With cash burn of around let's say $7mm per quarter, we will not have enough money to cover our portion of the concession no? No one in their right mind would lead an equity issuance so I would assume an additional % sale in concession rights is our only option.
Can't wait to read others take on all of this.
This is everything...
Diligent efforts are being made to satisfy the conditions to resuming petroleum operations which include clarification from the government of Guinea that the investigations of Hyperdynamics will not adversely affect operations under the PSC. The Consortium continues to evaluate the Ebola virus outbreak in Guinea and surrounding counties.
One last thing. There does not appear to be anything else they can do to trim cash burn other than forgo salary at this point. This investigation has to get settled. God knows they spent enough on this. Ridiculous.
$27mm in cash and $8mm burned last quarter. Same language and no update on legal proceedings and Ebola situation. I can't figure out why this investigation is taking this long. Until it's resolved, Tullow will sit on their hands. I guess they figure HDY needs cash and they can buy more of a stake from them at a very attractive price the more desperate they get. They obviously think something big is there otherwise they would never have lifted the FM. Just my two cents.
No one is following this thing right now. At least they are finally trimming some more staff to save some money.
This ain't done. We're in limbo but not done. We'll see where this eventually goes but to say is done is simply not true.
Hey, looks like there is finally a picture of JH on the website as well as some social media links. You want to talk about baby steps, lol.
Ray really makes a lot of money for nothing. Can you imagine getting paid over $700k in 2014 for a performance like his while shareholders have gotten killed? What can that entire team be doing on a daily basis. They don't give any investor updates, they don't give any presentations, they can't drill because we're waiting on Tullow and the fear of Ebola, they can't get us an answer on any ongoing investigation which is being handled by attorneys, they can't get us a straight answer anything. What do they do every day. Aren't they getting paid to run a business? Problem is I can't figure out what business there is to run. Does anyone know these guys and what they are up to on a daily basis. Seems to me if everything is on hold, they shouldn't get fucking paid.
Stockholders and others who wish to communicate with the Board or any particular Director, including the Independent Director presiding over executive session meetings of Independent Directors, or with any executive officer of the Company, may do so by writing to Paolo Amoruso, Secretary, 12012 Wickchester Lane, Suite 475, Houston, Texas 77079.
Now that would make sense
Earth to Ray. Earth to Ray. Come in Ray. Does anyone expect an update in 2014?
Then sell
Just not true once again.
You are all too funny. This is a sub penny stock. It will run when it is ready to be pumped. All of the boxes are being checked for that to happen. Moving in right direction on a fronts. Period. This is not coca cola. We are creating a good story with revenue to follow. After that, $.20+ and you will all be happy so stop complaining. Please sell you shares already.
We even got a tweet from TurnLeft. I know people are not happy here but we are making progress that's for sure. We are definitely better off now then we we're a year ago.
SPRING HILL, FL--(Marketwired - Oct 13, 2014) - ReelTime Rentals, Inc. (OTC Pink: RLTR) (PINKSHEETS: RLTR), with its ReelTime Partners TurnLeft Productions and Baristas Coffee Company, said today the airing of "Grounded in Seattle" this past weekend on WE tv opened with enthusiastic reviews.
James Hodge, ReelTime's Chairman & CEO remarked, "The feedback we have received over this past weekend has been extremely positive. Viewers male and female have stated, 'Baristas Grounded in Seattle' was 'interesting and entertaining, a frank honest look into the lives of twelve young women and their everyday struggles and triumphs.' It appears that our goal of producing ground breaking content has been more than achieved."
Mr. Hodge also stated, "For those viewers who missed the premiere of 'Grounded in Seattle' We tv will be airing encore presentations during the next several weeks. You may also view the episode via the internet at your leisure by clicking
SEATTLE, Oct. 13, 2014 (GLOBE NEWSWIRE) -- Baristas Coffee Company, Inc. (BCCI), Via Globe Newswire NASDAQ OMX worldwide announced today that the premiere of its reality show "Baristas Grounded in Seattle" aired Sat. at 9:00 to a national audience on virtually every major cable, satellite, and telecommunications provider. The show will continue to air in different time slots over the next few weeks on WE tv and can also be seen as it aired at
Lol. Thanks Asus. I missed the first minute of the show and had my camera ready for that same photo at the end but it did not show RLTR. Glad to see it. Thank you.
This show should get picked up. It's good.
I must have missed that. Great then.
Very upset to see that Reeltime was not in the credit, just Turn Left. This was great for BCCI but not sure what this does for our exposure and name.
Overall, the show should was very good and should be on MTV.
Perhaps everyone can write to WeTV and tell then how much they enjoyed the show.
Still shows up as paid program but I'm just happy this wasn't bullshit. Show is produced very well so far. 9am time slot needs to be changed. Tough to watch this show around my kid, lol.
It's on! Nice.
That's great but I just searched my cable guide to DVR it and it did not come up. Who is going to know anything about this program if you can't see it anywhere? I emailed the company last week. Why wasn't I included in that email? Anyone else get it?
I just wrote the Board again. Let's see if they respond. We are going down on very low volume so it would not take much for this to pop. Oh well. Worst case I take this as my major write-off
I'm getting killed. Anyone try contacting the company?
Do you and Park still own shares?
Like I said, looks like a fun show to watch. Can't wait to see it and move forward full steam ahead on more production on this and other projects. Syndication, advertising, production and licensing revenue opportunities to come on multiple fronts. That's how they will make money for all you doubting viability.
Are we doomed? Not sure if I should sell. Looks like we're on a slow decline to zero. Has everyone left this board?
Just watched the trailer. Production value was excellent. Storyline is good tv. Hope this program gets some traction. I think it will.
This is great tv and really well done production wise. I hope this takes off and does wonders for RLTR and BCCI.
At least they are doing something
HOUSTON, Oct 2 (Reuters) - Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore Liberia, the company's chief executive officer said on Thursday.
Exxon, the world's largest publicly traded oil company which has operations in Nigeria and Liberia, is prohibiting employee from traveling to the countries directly affected by the disease and is taking precautionary measures related to workers' families, the executive said.
The virus has killed at least 3,338 people in West Africa in the worst such outbreak on record. Earlier this week, the first person was diagnosed with Ebola in the United States, in Dallas.
"We had some drilling plans for some blocks offshore West Africa in Liberia," CEO Rex Tillerson told a news conference to announce $18 million in grants to three Houston hospitals. "We are having to look at when it would be prudent to resume operations there because you do have to have shore-based support."
The virus has hit hardest in Liberia, but also struck Sierra Leone and Guinea, and affected Senegal and Nigeria.
The response, part of Exxon's plan to combat "pandemics," has so far been "fairly low level," Tillerson said.
Last year in April, Exxon said its Liberian affiliate had acquired an 80 percent interest in Liberia Block 13, located offshore the country. Canadian Overseas Petroleum Ltd is a 20 percent partner in the project.
Exxon through its affiliates drills offshore Nigeria, where it holds nearly 1 million acres and also makes petroleum products, according to the Irving, Texas, company's annual filing with the U.S. Securities and Exchange Commission.
Shares of Exxon rose 0.5 percent to $93.37 in afternoon New York Stock Exchange Trading.
(Editing by Terry Wade and Jeffrey Benkoe)
Looks like low volume push down. This company sucks!
Not true.
No more volume huh?