Hyperdynamics Corp (HDYNQ)

[wittytitty]

Business in Guinea has no history of honest dealings. Bribes are the only way deals have concluded. I believe the Watts played the same game inasmuch as no other game could have succeeded. It is also more than obvious that the PSC did not hold up to scrutiny and was under very real threat of being junked until Ray came along and admitted the contract was ridiculously unfair and untenable. I believe the only reason the Watts stepped down was due to a Guinean leak purporting that there was an ample paper trail that would lead to indictments if HDY refused to renegotiate the 2006 PSC. I suspect this is what prompted the Board of Directors to retreat and stage the overthrow of the Watts who would likely have implicated the BOD, resulting in jail time for all.

I know a lot of people in the oil business. I have never met one who harbored an opinion of the Watts that was in any way flattering. These two were/are dispised by the oil industry for their arrogance and ignorance, lies and deceptions.

Whenever I read posts defending former management, I assume they are in the employ of those individuals or are operating under an assumed name while representing themselves.

These are my opinions and not to be construed as anything more than my opinions. It is also my opinion that HDY is finally en route to meeting and exceeding all expectations some of us have envisioned since the early 2000's.

WT