Hyperdynamics Corp (HDYNQ)

[Chesterfield]

Bottom?

Well it sure is boring on the message boards and in the trading of late. Amazing how noise about a potential reverse split can kill off all interest.

It appears the shorts are slowly covering

I can't quite decide what the probabilities are of actually having the reverse split or whether it will be avoided.

I still think they could swing some sort of deal and off load an additional 10% especially if the 3D is good. That could be a game changer. But I am by no means confident this will happen.

I still really like the volume of the insider buying that went on, especially Owens last purchase. He's too classy a guy to get involved in some sort of pump. IMHO. So I am thinking of adding.

My current thinking is that the least riskiest course of action is to wait until after the Shareholders meeting on June 25th and see what info we get on proposed split, dates etc.If it's way into the future I think that might be a sign that it can be avoided.

So I am thinking the stock may bottom at the end of June

Anyone thinking way diffently on this?