Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And screwing the shareholders in the process.
As a result of the reduction of the Common Stock, the pre-split total of issued and outstanding shares of 1,594,496,703 shall be consolidated to a total of approximately 15,944,967 issued and outstanding shares (depending on the number of fractional shares that are be issued or cancelled).
It should also state "we will be adding additional shares monthly for conversion to the point we need to reverse split again. Rest assured we have LOTS of stock to hand out before that will happen again."
All the while management is selling stock and reverse splitting. Nobody should put a dime into this manipulated company.
And same crappy management.
So many people believed in the concept only to have their investment dwindle away.
I respect your opinion as well and appreciate your feedback.
I don't feel they earned it based on the last 18 months work (nothing but 1 show to discuss old news except the reduction in drilling costs). Knowing the money is running (albeit much slower) nobody has offered any type of concession to reduce expenses (salaries). What pains me the most is the lack of respect to the shareholder. I say this because even though he has had nothing to do for a long time he has no time to speak with investors nor receive walk in visits, no return phone call, no nothing.
It's my hope this will all be in the past in a few days and if not, more shares will gradually enter the market while praying for the next update.
As always, just my thoughts
Yes, I can change mine and will only do so if the news is worthy. Those hard copies most likely can't. As for shares, if they own them they can sell them.
Neither the compensation nor equity shares should be awarded until earned. It's that simple. Once they have earned it I'm all for it but not before.
Hopefully everyone doesn't do that who can't make changes prior to the deadline. I really can't see approving the compensation and another 750K in equity shares with no significant news by the 26th.
If no material event occurs prior to that date the burn rate just goes up with literally no work to show for it.
Only a few days until Tullow shows their cards.
It's been repeatedly harmed by notes and repeated inability to follow through in a timely manner.
Too many people got sucked into this turd.
The prospect will be drilled in 2016 and today's trading is just "news trading".
I'm here for the oil and remain steadfast in my investment until the bit punches through.
I piled on my investment sometime ago expecting it would be a long haul.
Hmm, lets see.
New 52 week high(s)
10 trading is way up
90 day trading is way up
Interest must be up.
It's unfortunate you are disappointed. I on the other hand am elated.
Retracing a bit on light trading after a continued run up on heavy/abnormal trading.
HDY posters with points of view I appreciate in no particular order.
e_2motion
Rule62
killerbee2
amotewm11
ibm gear slinger
wunderlich
xenon
HerYachts2Fish
cinsid25
All of which provide a perspective either positive or negative. Like you, I expect nothing but the best out of this next drill.
Killerbee is still around as seen by today's post:
"Oil prices and everything within the oil industry has changed dramatically since HDY went to $7 pre-split before we drilled the last time. All oil companies are down substantially. Even the Majors. And small oil exploration companies are down a lot more and ALL are struggling. I think the current run is great and somewhat remarkable considering the circumstances. There aren't many, if any, other oil-related companies that are hitting 52-week highs. I do think there is some more pre-drill upside when Tullow announces an actual time table for drilling. But those who are comparing HDYN now, to what was going on before drilling last time are comparing apples to oranges. I have no idea how high HDYN can go predrilling this time. It likely won't be close to where we were the last time. But, to me, it doesn't matter. I'm in this to find oil, not to trade on a pre-drill run up. That strategy was obviously a mistake last time. I am hoping it won't be a mistake this time and that HDY will make the commercial discovery that many of us has waited on for so long. "
Who knows.
The future is much brighter.
Warm regards,
Well, with 8 trading days until the Tullow update we should continue to have upward movement. I would like to see 200k + trading daily with small gains each day but I'll take a new 52 week high any day.
He must own notes to off load.
Looks like I spoke to soon with my earlier post.
Today's trading is providing a much brighter outlook.
Not sure what to make of the recent trading nor do I like the price rising so quickly on such light volume. The volume is however picking up.
It certainly would be nice to be trading a few 100 thousand daily with .10 gains per day leading up to the Tullow trading call.
Amen brother. And of course we have a difinitive place for the shareholder meeting.
The stars may finally be alligning.
No revenue = dilution
How do companies survive without revenues???????
NOTES anyone?
Where did the buyers go?
Ah, I see. It's a pump and dump.
There's a reason only a few people post positive remarks on this board.
The rest know it's a wasted investment.
Carry on.
Almost time to go in the red as usual.
The people running this company are living off the investment community.
They are the only ones profiting.
Just a temporary promotional bump. Timelines can't be met coupled with no revenues = dilution. In a day or 2 it will flat-line and again turn negative. Maybe even end of day today.
IMHO and many, many other investors stuck in this turd.
It's been circling the bowl for months and nothing has worked out thus far.
No revenue = more dilution
It's the only way the doors remain open is by selling the stock. Nothing but hopes and prayers.
No revenues = dilution.
Someday it may be worth investing in but certainly not today.
As I am not an expert I leave that to the professionals. I expect a very comprehensive evaluation of the prospect was performed prior to partnering. Furthermore I would be stunned if further research with newer technology wasn't performed when trying to determine which concession/company they were to retain in the region.
Promising to me and while I had sold everything previously I'm back with a vengeance.
GLTUA
Flettster
If not, the questions will be endless.
I'll be in attendance either way.
Flettster
Judging by today's release Ray might just may have something to talk about at the shareholder meeting.
I'll be there.
Exactly!
Ah yes, whatta feeling. More trading than we have had in months and wouldn't you know it, It's down. Geeeez, why is that.
Oh yes, right, things are looking up and sites are almost open, leases signed, transfers complete with revenues streaming in.
Many have to take in the resources available to Tullow. They would not have sold off all other concessions and retained only guinea africa Hdy concession without having a level of confidence in their own due-diligence.
I for one expect a find. The only question is the actual size of the reservoir (Hi end or low end predictions). When they punch threw you can expect they will be having further discussion (if not already) about other prospects in the HDY portfolio.
I've been in this company since they were a reel to reel conversion company (first discovered data) and it pains me it has taken this long for a second well. Gotta be going on 15+ years from the beginning. I'm certainly ready and have recently began repurchasing blocks. Failed at .75 sadly enough.
When oil is hit this will be a life changer. Gotta think Ray will be selling some into the market in preparation for the next well.
Just my thoughts of course.
Unlikely we hear anything until a drill date has been set. We should however expect some buying with the November 11th Tullow trading update fast approaching.
I thought that 4 months ago and yet here we are.
Yes, and my 20k investment is now worth 7k. The shares continue to trickle down on lack of interest.
This management team stinks.
Judging by trading and board activity expect yet another delay in the transition.