Hyperdynamics Corp (HDYNQ)

[lvl99]

Yes- still $11MM short, unchanged since last SH mtg. Company working hard to get funds. Worst case 30% share of concession. Personally I am optimistic they will pull a rabbit out of the hat to get us to the 50% threshold. As of yesterday, 28MM shares outstanding. Whatever happens, we will not need to raise money before the spud, even for overhead costs. Found that encouraging. Exciting times for the company. Even with the uncertainty, this is a $4-5 dollar stock.