Hyperdynamics Corp (HDYNQ)

[Rule_62]

I think it's important to understand the difference between Chimera's situation and HDY's situation. As HDY fell below the minimum listing price, the regulations that apply are different than those for Chimera. Specifically, the NYSE states clearly that they allow 6 months for the company to rectify the problem, and that no extensions are available after that (Section 802.01C).

In effect, we are in no-man's land where the NYSE has not granted any form of extension and has said nothing w/r/t the continued situation. The hammer, so to speak could drop out of the sky at any moment. THAT is a serious impedement, especially when coupled with the potental r/s.

In the case of Chimera, an entirely different set of critera apply (Section 802.01E). Interestingly enough, CIM is also not showing on the NYSE's list of non-compliant companies.
http://www.nyse.com/regulation/nyse/bcindex.html


NYSE continued listing standards
http://nysemanual.nyse.com/LCMTools/PlatformViewer.asp?selectednode=chp%5F1%5F9%5F4&manual=%2Flcm%2Fsections%2Flcm%2Dsections%2F