Hyperdynamics Corporation New (CE) (HDYNQ) News

That was a textbook play with only one error.

They diluted a tad too fast @ $5.00, had they waited for the hype to really take off you would have been looking at $20.00 imho.

No worries though, just hope those that bought into the hype and averaged all the way down learned a valuable lesson on how to play this game.

>> Praise that man for giving us that epic run <<

Wow hard to believe it was 15+yrs ago I stumbled onto little Hyper, and I was there for that run.

On a less nostalgic note, a year or so back I saw where a regular Watts hater posted the milli-Watt brothers had been convicted of stock fraud for running a pump-n-dump.

I guess they didn't make enough money off this HDY disaster.


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Right oh!

Praise that man for giving us that epic run from the 0.30's to almost $8.00, way back in 2009-2011.

Anyone who didn't profit on the meat of that move should look in the mirror, and do some soul searching.

Many millionaires came out of that play, yet many dreamers are still holding the worthless bag.

Hope that Mr Leonard takes the helm of another play and history repeats!

thanks

Yes, bankrupt and out of business...

This thing is still trading? Why? .0028 and .003 Bid .006 Ask, why? Never was in it just curious.

Isn't it totally out of business?

Geesh! Let it die already!

You're so pissed your eyeballs are yellow.

I wish Ray well in anything he pursues. I'm positive he'll apply the same work ethics that have always marked him. The one thing he can't control is the level of jealousy and resentment losers highlight in their childish exhibitions.

Give it a rest if you want to live long and prosper.

I see Ray Leonard has a new position.
I would have liked to see that job interview.


"Tell me Mr Leonard, what are some of your accomplishments over the last ten years?"


"Can we go back 20 years?"

Unfortunately, HDYN's only hope is to change its name to:Lazarus.

Not really...less than 8,000 shares traded at 2¢ comes to under $160 for the day and we're not distinguishing commission fees or the costs associated with tying up money.

This is not worth the effort.

Amazed HDY has still potential to rise

How much did you lose on this pick?

Maybe Ray can get a job with the Trump administration.

Exxon does not spend just investor's money.
They generate a little revenue besides.

Every single CEO out there spends money brought in by investors. It's a big part of how the job gets done.

It doesn't always pan out as wished and certainly not expected, at times.

I have no axe to grind so I'm not going to say more.

Ray could have done something to generate revenue.
Instead he just spent money that investors gave him.
He had one hand of cards and did not do anything to improve that hand.

How will Ray feed his family.
How will he get by on less than $500k a year?

I'm not convinced drilling is his bag. He's quite the scientist. I remember well when he first came on board. Bob Bearnth had already passed away. Neil Moore and I were getting together for a luncheon date and he so excited! He brought me up to date as to what was going on with SCS as he and Bob had founded the company and we very much in the know.

Neil viewed Ray as an oil guy who could do just about anything in the oil biz and he hoped Ray wouldn't find himself stuck behind a desk.

That has me thinking but not knowing specifics about Ray. Neil certainly knew his stuff so I am thinking Ray will find enough opportunities to keep the spirit high.

Let's face it---this HDY/HDYN debacle wasn't the result of anything improperly done by humans and certainly not at the hands of Ray. Sometimes the deal contains cards you wouldn't have picked but they're there.

Ray is not a youngster any more. He may just hang up his hat and sip tea on the front porch. But I doubt it. I think he's designed to keep his motor revved up. I sure hope he finds happiness and relative calm!

What do you think are Ray's options? What would be ' up his sleeve '? How is Ray going to get back to drilling ?

Permit me to disagree. You point to oil and Ray, saying it's over.

It's not, it's hardly over at all.

Last week in four days I gained $55,329 in oil & gas stocks.....the biggest unrealized gain I've ever gotten since starting to make my living investing and trading back in 1993.

No, oil is definitely not over. And I'm betting Ray isn't, either.

Sure, we all experience setbacks, but once we learn how to deal with them, we build new strengths and those biggies seem to fade into darker corners of our backgrounds.

I fail to understand why sp went up that much. What games are being played?

Yep....I sold this turd sammich at .50 and lost a good chunk, but glad I got out when I could. After the Chinese deal fell through it was long gone. Better luck next time! Crypto seems to be where it is at, not with oil or Ray anymore. They tried, but failed. Happens to all of us in life sometimes. It's just money and more can be made!

Yes. A lot of folks bet a lot of money on this, including me...

We lost that bet.


The reason why I posted that was because for some reason the ticker change notice didn't make it to Ihub. They of course quickly remedied the problem after being notified.

..

It's over.

Sad but over.

HDYN Changed to HDYNQ...

Click image to enlarge:



http://otce.finra.org/DLSymbolNameChanges


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Just sold this garbage today....they are done and nice write off. It looked promising, but game over.

Trips on Tuesday, shame

Petitions for chapter 7 bankruptcy... liquidation.

Hyperdynamics

http://files.shareholder.com/downloads/HDY/5697762375x0x967346/810BE86C-3FF7-4E26-BBD1-11D18284E645/Hyperdynamics_Petition.pdf


SCS

http://files.shareholder.com/downloads/HDY/5697762375x0x967347/D28DFBB9-F4EC-45C3-8DB8-87C792299DC7/SCS_Petition.pdf


..


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I see that it is over now.

What's Guinea going to do now?

They will find someone else to take money from.

Why are disappointed?
They gave Ray 10 years and as many attempts as he wanted.
Even you would move on eventually.

I agree. What's Guinea going to do now? I am disappointed in Guinea. But, that is Africa.

I believe that Guinea gave Ray 2 extensions previously. The real problem I believe is that HDYN is broke and had a difficult time raising the money for the last well, and then trying to pass-off that 5 meters of whatever as a "discovery" probably insulted them.


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I find it hard to believe that Guinea wouldn’t give Ray the extension. We have done the heavy lifting, 2D over the concession. 3D over prospects. Drilled two exploratory wells. We spent good money working to prove oil for the people of Guinea. Oil wise people say it’s there. HDYN has winnowed the areas in which to drill.

I smell soufflé in Guinea, French wine, somebody got their pocket lined. This is bullshit. IMO.

Been on this journey since the flower shop, now we can put flowers on the grave.

Red

Simple:

Experts in the investment arena wouldn't dare touch this thing now!

Buyers today and going forward are either in denial, not aware of recent developments or stupid beyond repair.

It's really that simple. There's nothing left to be salvaged so it now becomes fodder for the penny-scamming troops ready to pounce on any opportunity to make a thin dime at the expense of the unsuspecting.

It will be ugly, I assure you!

Why do you think people are still buying the stock? How did it recover from $0.05? How to most experts play a stock like this in this scenario?

I would not worry about Ray L.
With his experience he will proceed not to find oil all over the world.

The Chinese bailed too...

https://ih.advfn.com/p.php?pid=nmona&article=76311042


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Didn't you read the news:
On December 11, 2017, CLNG informed us that it will not proceed with the purchase of those shares, and the stock purchase agreement is terminated (except for certain indemnification obligations therein).

With the Chinese takeover, what's going to happen now? Why are the Chinese in there, when no lease extension, or will they negotiate a different deal. What's Guinea going to do now? What will Ray L pursue now? Lots of questions.

Yep... A sad end indeed and I still do not appreciate the way it ended with the 5 meters of bullshit after the PR of a dry well...

Ray...What the hell were you thinking???

Item 1.02 Termination of a Material Definitive Agreement.

As previously reported, Hyperdynamics Corporation (“we,” “us,” “our” or the “Company”) had notified the government of the Republic of Guinea that it was seeking a two-year appraisal period under its oil and gas Production Sharing Contract. On December 7, 2017, we were notified verbally in a meeting with the government of Guinea that it would not grant the two-year appraisal period.

Also as previously reported, on November 2, 2017, we executed a stock purchase agreement to issue and sell 40 million shares of our common stock at a price of $0.15 per share (for a total purchase price of $6,000,000) to CLNG Limited (Hong Kong) (“CLNG”) or its affiliate. The closing of the sale was subject to, among other things, the completion of satisfactory due diligence by each party of the other. On December 11, 2017, CLNG informed us that it will not proceed with the purchase of those shares, and the stock purchase agreement is terminated (except for certain indemnification obligations therein).

https://ih.advfn.com/p.php?pid=nmona&article=76311042


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Yep. No extension and no CLNG deal. Story looks to be over for HDYN. Sad.

1.02 Termination of a Material Definitive Agreement.



As previously reported, Hyperdynamics Corporation (“we,” “us,” “our” or the “Company”) had notified the government of the Republic of Guinea that it was seeking a two-year appraisal period under its oil and gas Production Sharing Contract. On December 7, 2017, we were notified verbally in a meeting with the government of Guinea that it would not grant the two-year appraisal period.



Also as previously reported, on November 2, 2017, we executed a stock purchase agreement to issue and sell 40 million shares of our common stock at a price of $0.15 per share (for a total purchase price of $6,000,000) to CLNG Limited (Hong Kong) (“CLNG”) or its affiliate. The closing of the sale was subject to, among other things, the completion of satisfactory due diligence by each party of the other. On December 11, 2017, CLNG informed us that it will not proceed with the purchase of those shares, and the stock purchase agreement is terminated (except for certain indemnification obligations therein).

It does look like the co will make it into 2018....who’da guessed? Well, let’s get on to the next chapter of the book! ....btw - Season’s Greetings to you all.

Keeping one's privates in a support is very important.

LOL

Is that what you said?

I have some money set aside as well, will keep watching for an entry point. Hell I'd like to make some money back so I'm not throwing the baby out with the bathwater just yet. These guys seem qualified, connected and have operations in western Africa. We have logistics operations in Guinea so they could actually build something absorbing the privates into HDYN just as you mentioned.

This may be the support we need to keep the concession for another exploratory round and push our stock price back up.

Red

Actually an inexpensive way for those private companies to get a reporting public presence and access at some point to equity markets. Cautious optimism as you've said and once again an interesting story if it all plays out. Back in with some pocket money just in case!

Actually if this gets done and they do this right it could be very lucrative!

Minexco Petroleum

minexcopetroleum.com

Minexco Petroleum is a private oil and gas exploration Company focused on managing and developing offshore petroleum projects with a focus on Africa.

From the 14F-1

I believe the new majority owners have the connections and experience to add value to HDYN. Could it be that Mr. Armanious is interested in merging some assets into our corporate structure to diversify HDYN's asset base and attract additional investors to increase the asset value of HDYN? We'll see, these proposed board members are at least qualified and have contacts in the west African petroleum business.

Still cautiously optimistic,

Red


Proposed Directors

Markos Armanious. Mr. Armanious is a professional Geologist and businessman with over 30 years’ experience in the exploration and development of conventional and unconventional oil and gas fields both in North America and worldwide. His expertise is applied to the assessment of producing acquisition opportunities, and to the maximization of their value.

Currently, Mr. Armanious is the 50% owner of Tycanol Holdings LLC, a private Company as well as Chairman of CLNG (Hong Kong) Ltd.

Mr. Armanious spent several years as the Director and General Manager of GNPC-AGM Operating Company Limited, Ghana. A privately held company in a joint venture company between Minexco Petroleum and the Ghana National Petroleum Corporation. Prior to that assignment, Mr. Armanious was the Chief Operating Officer of Minexco Petroleum Ltd., Gibraltar, an Exploration company with assets in Ghana and Sierra Leone

Mr. Armanious holds a B.Sc. Geology from the University of Calgary and a B.Sc. (Adv.) Physiology from the University of Saskatchewan.



Yiling Yang. Mr Yang is currently the Vice President of the China Office of Panamerican Union Oil and Gas in Beijing, China. Previously, Mr. Yang held executive positions at the Panamerican Union Oil and Gas Group and Beijing Korking Hi-Tec Company PLC, in Beijing.

Mr. Yang received a degree from Beijing International Studies University.



Dr. David Ho. Dr. Ho is a medical doctor and HIV/AIDS researcher and is currently the scientific director and chief executive officer of the Aaron Diamond AIDS Research Center and is the Irene Diamond Professor at Rockefeller in New York City. Dr. Ho is also an administrator to the Bill and Melinda Gates Foundation.

Dr. Ho received his bachelor of science in physics with highest honors from the California Institute of Technology and MD from the Harvard-MIT Division of Health Sciences and Technology.

Dr. Ho is a leading figure in the fight against HIV and is internationally recognized as one of the leaders in this field. Dr. Ho published over 400 papers enabling the scientific community to understand the mechanism of HIV replication and his team is working on developing vaccines for AIDS. He heads a consortium of organizations in China and the U.S. to address the crisis of HIV/AIDS in China.



Manfred Shiu. Manfred Shiu holds a Bachelor Degree in Accountancy and he is a fellow member of the Association of Chartered Certified Accountants. Mr. Shiu has more than 20 years’ intensive exposure in corporate finance, mergers & acquisitions, investments, Initial Public Offerings (“IPO”) as well as fund raising in various ventures and projects related to Chinese state owned enterprises (“SOE”) and public listed companies in Hong Kong, the Peoples Republic of China, Malaysia, Singapore, and Indonesia.

Mr. Shiu is the founder of Euto Capital Partners Limited (“Euto”), a boutique advisory firm focus in providing corporate finance, merger and acquisition and pre-IPO advisory for the China, Hong Kong and South East Asia market. Prior to establishing Euto, Mr. Shiu was the responsible officer of Upbest Securities Company Limited and Upbest Assets Management Limited, both companies are wholly owned subsidiaries of Upbest Group Limited, a Company listed on the Hong Kong Stock Exchange.

Thanks, I believe I was thinking in feet wrote in meters!

Red