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Hyperdynamics Corporation
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Re: More details on the CLNG deal and HDYN's cash position They just finally filed the 10-K which provides financials as of June 30th 2017. They subsequently filed a NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB so you have to continue to wait to find out what the $9.9M in liabilities and balance of the financial picture is after completion of the well. However, the warning seems rather clear. They don't have enough money to meet their obligations as of November (+/- $3.2M short provided CLNG proceeds with the deal, $9.2M short if they don't) and their intent is to dilute further to remain afloat. |
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