Hyperdynamics Corp (HDYNQ)

[jugs]

That's quite an accounting, isn't it? I guess VP's shouldn't be expected to know what's going on, right?

This much I do know from those who were on the ground at the time:

No business was being conducted in the R. of G. unless assisted by bribes. Simple as that. I didn't witness bribe-based activity myself but I'm convinced that nobody's character ever shone so brightly that criminal behavior would have been beneath him. From all accounts I've heard and/or read, ministerial staff members made their livings by accepting bribes. I refuse to believe two fathead, selfish brothers managed to walk on water where others failed. As for Harry? He may have been describable in some less than flattering ways but I never thought he was particularly shrewd or even capable of engineering a plot of any sort. I thought him afraid of his own shadow, as neurotic as one could be. And I found him a surprising choice for corporate leadership.

My sense is pretty simple: Bob Bearnth and Neil Moore were misled when turning over the SCS reins to HDY. They never anticipated underhanded tactics might be part of the forming of the PSA. They must be turning over in their graves. That is indeed tragic for they were truly good men. They were more than wealthy enough to live well. Neither needed to engage in criminal behavior.

That said, I believe the dirty dealings---whatever they may have been---were completed before Ray Leonard came on board.

As for Brier's suggesting he or others within the company knew not of misdoings and were not advised, accordingly? Where was Patten---floating in a Bogg? Ridiculous, how some will deliberately distort to save their sorry butts.

This is all just my opinion, nothing more.