Replies to post #19997 on Hyperdynamics Corp (HDYNQ)

[Rule_62]

I answered this previously. The last 10-Q was very clear about the condition they were in:

"On March 31, 2017 we had $0.6 million in cash, and $2.2 million in accounts payable and accrued expense liabilities, all of which are current liabilities. Our net working capital will not be sufficient to meet our corporate needs and Concession related activities for the quarter ending June 30, 2017. "


Anyone who followed this stock knows they were supposed to spud the well in May. They had to delay multiple times due to their inability to raise sufficient cash to cover their portion of the total costs. They continued to operate on a shoestring budget right up to the end of drilling. To think anything of significance is left over is nothing but speculation. Speculation grounded in a complete denial of the ongoing financial dilemma they have been facing constantly over the past 6 months.

[jugs]

What assets hold value in your opinion?

If I were a banker, I'd need some collateral the likes of which I doubt HDYN can bring to the table.