Hyperdynamics Corp (HDYNQ)

[Cougar6]

Management is stuck between a rock and a hard place. They know they have a listing issue that needs to be resolved. The SP has to get over $1.00 and stay there for thirty days. It has to do that before mid April (one year since it fell below $1.00). Management has any number of tools at its disposal to help or hurt their company's share price. The two primary are press releases and stock purchases. Stock purchases come in two forms, insider buying and company buy-backs. The third, less desirable way is a reverse split, which normally causes a significant drop in SP (See FREE for a recent example). I believe that at this point they are doing their best, within reason, to elevate the SP using any means OTHER than a reverse split. I would suspect that if the insider buying does not work, they will announce a limited open market buy-back.

That is just a guess, but this company has few options. It has released the 3D to some effect. It has had two insider purchases that went largely unnoticed. I believe they are running out of options. I suspect they will announce the accelerated drilling time-line and see what that does. After that, the buy-back is their only option unless they can convince the NYSE that they are solid.

Again, only speculation.