Hyperdynamics Corp (HDYNQ)

[hillzman]

I don't see any need for a r/s based on current cash/expenses until at least after the first well with Tullow (assuming the deal is finalized) except the potential listing problems. There's also the litigation with AGR over the JE fiasco, which could as a minimum free up the $19 million+ in restricted cash. With better prospects ahead a r/s probably wouldn't be that severe, but they generally aren't real great for existing shareholders. Picked up some today under .60 so have average down to .75 and hoping finalization of Tullow deal, new year, etc will pop this back over $1...gamble but might just be a reasonable one.