Hyperdynamics Corp (HDYNQ)

[whitenoize]

Funding drillship with lottery tickets?
With the contract agreement for the drillship due on the same day as the proxy I see a couple of scenarios.
a) there is already a private placement lined up waiting for the vote. But it seems to me it would take a couple of days to process this and they couldn't meet the monetary commitment for the contract until it was closed.
b) Pacific drilling has agreed to some type of stock/warrant deal to guarantee the contract. This would be pretty far fetched, but these are unusual times.
Either way the market seems to see a strike price of 1.20 on whatever kind of deal is in the works.
Suppose we'll know something on the 29th...