Tuesday, September 12, 2017 10:09:32 PM
HDYN has no assets or business prospects against which to raise capital or interest someone in a buyout of a portion of the business. The only thing they can do, with effectively no oil exploration lease left, is to reinvent themselves and go to the market hat-in-hand to raise venture capital. That may well happen as a sub-penny stock, just as it did when HDY was born out of RAM-Z. It ain't happening today or tomorrow. It ain't happening this week.
If it does happen, it's not happening until they axe the staff and settle their contracts (any idea what their payroll burn is?) and settle their office lease obligations (do you happen to know what those are?). Those alone are going to take more cash than they have on hand. With no future drilling prospect, just how exactly will they accomplish that?
There may well be an artificially manufactured bounce on the backs of the unwary. Personally, I'll continue to post the reality of the situation so the unwary who come to this board are at least warned about the situation this company is facing.
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