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This has got to be the most manipulated stock I've ever seen. Pumped before any news is released just to trap more bag holders then dumped the next day. Has happened every time.
Ok Thanks. I was going off of the 13f filings which are from last quarter. So they could be outdated.
Anybody know if BlackRock is still holding their shares? Someone on IV board said Blackrock is the largest shareholder but from what I've seen they no longer own any shares.
Looks like all of Blackrocks funds have sold out this last quarter. I know most likely due to delisting but now whats next if all institutions sell?
Here's a crazy idea. Anybody think it's possible that Ray Leonard has had a short position this whole time? And his intentions were to run this into the ground. He did say "This will not end well for the shorts" probably just to gain everyones trust. Looking back everything does seem suspicious. So many things went wrong for this company. Makes you wonder.
Looks like institutions are getting out too. Some huge blocks going through. No idea why they would of waited til now to sell though?
Exactly 1 year ago today Tullow declared force majeure and now hdy is delisted. Yet we have Ray Leonard saying he is pleased to be listed on the OTCQX. So what was the point of the reverse split in the first place? Ray needs to be imprisoned.
Looks like this is going to be the final nail in the coffin for HDY. Cant believe how this has turned out without even drilling. Wouldn't be so bad if it was a dry well that killed HDY instead of some investigation and legal fees.
Now that HDY is going to be delisted down to the otc exchange. Does anybody know if the institutional investors can still own their shares or will they sell?
Based on Tullow's report today I highly doubt they will be drilling in Guinea this year. They slashed the exploration budget to $200 million and will only be drilling near existing wells. Here we are nearly a year after they were supposed to have started drilling and now might be another year. What a huge disappointment Tullow has been. The question now is Will HDY have the cash to survive til then?
What a huge disaster. Just keeps getting worse and worse. Its been dead money since 2012 when we signed with tullow and now this. The AGR settlement was a joke. All it did was free up cash for the BOD to pocket. HDY is done. By 2015 they will not have the cash to cover their part of any drilling cost overruns
Did I miss something? I thought HDY was suing AGR for $47 million + damages. To settle for $17 million hardly seems like good news especially after burning nearly $10 million in legal fees
Im guessing the final nail in the coffin will be coming any day now in the form of another delisting notice. This time a reverse split wont help. All that did was delay the inevitable.
Anyway you look at it Tullow dealt a huge blow to HDY. Possibly the final nail in the coffin. Doesnt matter if it was just a delay tactic or not. HDY doesnt have time on its side. They are burning 1+ million a month on legal fees alone. We were barely going to have enough cash to cover any extra costs of drilling as it was.
I recently dumped all my shares but looking back I feel so stupid now for holding through all the drama. I really believed Tullow would come through for us. But for them to pull this BS off only a month before drilling is ridiculous.
It won't surprise me one bit if HDY goes back down to low 3's. This stock never seems to hold on to gains very long.
We hit a ton of resistance at $7. There was a huge block sitting on the Ask. Going to be tough to get through. Hopefully we can get a big push and take it out.
HDY price action has actually been very bullish. After the run up we've had its holding onto most of the gains despite the sell off in the markets. I sold half and was looking to reload around $5.5 but we might not get there. Any thoughts?
The market was up nearly 300 points and HDY was down. We can't catch a break with this stock.
At this rate we will be back down to 40 cents and have to do another reverse split by the time they spud. I feel so stupid now for not selling in the $5's when I had the chance. Wish I would of never heard of HDY. :(
And yet again another disappointing meeting. No surprise there. They continue to burn 1M a month and now legal expenses are expected to increase significantly. Also spudding delayed to 1st half of 2014. We've been waiting over a year already. As much as it hurts to do it I'm going to be selling my whole position in the next few weeks. At least I can offset other gains with the losses I will be taking. I will buy back in next May/June At much lower prices. This is just dead money til then.
Good luck to All
I have a very hard time believing that we will see any run up. There will be so much selling pressure from longs wanting to get out at break even. Me included. Even if some how we hit 9.50 thats still sad because most longs averages are probably higher than that.
Hate to spoil the party but those numbers are not accurate. They're pre-split shares. Nasdaq site did not adjust for the split.
Looks like both Vanguard and Blackrock sold a ton of shares.
Institutional Holdings down to 21.86%
First U.K. based hedge fund takes a nice sized position in HDY.
Investec Asset Management LTD bought 498,586 pre-split shares