Hyperdynamics Reminds Shareholders to Vote their Proxies on Reverse Stock Split Proposal

Hyperdynamics Reminds Shareholders to Vote their Proxies on Reverse Stock Split Proposal

Voting Continues through July 26

PR Newswire

HOUSTON, July 18, 2017 /PRNewswire/ – Hyperdynamics Corporation (OTCQX: HDYN) (“the Company”) reminds owners of its Common Stock to submit their vote on a Company proposal that would authorize its Board of Directors at its discretion to implement a reverse stock split. Proxy Statements and Consent Forms have been mailed and should now be available for all shareholders to review. Votes must be received by July 26.

Shareholders of record as of July 7, 2017 are entitled to vote. Shareholders may vote online, by telephone, fax or by return email. Visit the Investor Relations section of Hyperdynamics’ website at www.hyperdynamics.com for instructions on how to vote using each method.

The proposal would amend Hyperdynamics’ Certificate of Incorporation to allow for a reverse stock split at a ratio within a range of one-for-two and one-for-six at the discretion of the Board. 

As described in the Company’s Proxy Statement filed with the U.S. Securities and Exchange Commission on July 11, 2017, the purpose of the proposal is to enable Hyperdynamics to meet the required standards to list its Common Stock on a national securities exchange and would only be used if the required standards are not met on its own accord. Our Common Stock is currently traded on the OTC Markets OTCQX marketplace, which is a relatively thinly traded market and lacks the liquidity than may be provided by a stock exchange such as The Nasdaq Capital Market.

In order to list our Common Stock on the Nasdaq Capital Market, among other requirements, our Common Stock must maintain a minimum closing bid price of $4.00. Our Board concluded that the liquidity and marketability of our Common Stock may be adversely affected if it is not quoted on a national securities exchange, as investors can find it more difficult to dispose of or to obtain accurate quotations as to the market value of our Common Stock while traded on the OTCQX marketplace.

About Hyperdynamics

Hyperdynamics is an emerging independent oil and gas exploration company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. To find out more, visit our website at www.hyperdynamics.com.

Forward Looking Statements

This News Release contains “forward-looking statements” within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” ” will,” “expect,” “plan,” “project,” “anticipate,” “estimate,” “believe,” or ” think.” Forward-looking statements involve risks and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. We assume no duty to update or revise our forward-looking statements based on changes in plans or expectations or otherwise.


Ray Leonard
President and Chief Executive Officer

Anne Pearson / Jack Lascar
Dennard-Lascar Associates

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SOURCE Hyperdynamics

Grupo Resilient International, Inc. Announces 3 for 1 Forward Stock Split Update

Grupo Resilient International, Inc. Announces 3 for 1 Forward Stock Split Update

PR Newswire

DALLAS, July 10, 2017 /PRNewswire/ —

Grupo Resilient International, Inc. fka Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) today announced that the company is still waiting on the State of Florida to update its records on its website http://www.sunbiz.org . The June 5, 2017 amendment which changed the company name and contained a forward split of the company’s common stock has been processed and approved by Florida.  

The file stamped amendment, however, has not yet been posted on Florida’s sunbiz.org website.  Once the amendment is posted by the state’s imaging department, it will then be sent to FINRA for final processing of the corporate action, at which time FINRA will assign the record date for the company’s forward stock split.  When questioned about the extreme delay in updating its website, representatives of the State of Florida have cited a backlog in the imaging department.

About Grupo Resilient International, Inc.: 

Grupo Resilient International, Inc. is a diversified international holding company headquartered in Addison, Texas, with subsidiaries focusing on Real Estate, Infrastructure, Energy, Data Services, Transportation, and Health and Wellness.

Forward Looking Statements: 

This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.

For more information:
Gordon Johnson
CEO – Grupo Resilient International, Inc. fka Paradise Ridge Hydrocarbons, Inc.
Tel: +1-203-303-4699
email: corporate@paradiseridgeinc.com 

SOURCE Grupo Resilient International, Inc. fka Paradise Ridge Hydrocarbons, Inc.

Mer Telemanagement Solutions Ltd. Receives Extension to Regain Compliance With NASDAQ’s Minimum Stockholders’ Equity Requirement

Mer Telemanagement Solutions Ltd. Receives Extension to Regain Compliance With NASDAQ’s Minimum Stockholders’ Equity Requirement

PR Newswire

RA’ANANA, Israel and RIVER EDGE, N.J., June 30, 2017 /PRNewswire/ — MTS – Mer Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a global provider of telecommunications expense management and enterprise mobility management solutions and video advertising solutions for online and mobile platforms, announced today that after submitting its plan to regain compliance with the minimum $2,500,000 in stockholders’ equity requirement as set forth in NASDAQ Marketplace Rule 4320(e)(2)(B), it received a notice from the Listing Qualifications Department of NASDAQ advising that it has until August 15, 2017 to regain compliance.

The Company’s plan to regain compliance with the minimum stockholders’ equity requirement includes the conversion of $1.2 million of outstanding debt owed to the former shareholders of Vexigo Ltd. into equity and a proposed infusion of equity capital, subject to obtaining a tax pre-ruling and to corporate and regulatory approvals. The plan to regain compliance is detailed in the Company’s Proxy Statement for its Annual General Meeting of Shareholders to be held on August 13, 2017, that was furnished to the Securities and Exchange Commission on June 29, 2017. Among the items to be voted on at the Annual Meeting is the approval of a proposed equity investment by certain current shareholders of the Company, including certain directors and a former officer. No assurance can be given that the Company will be successful in its efforts to regain compliance.

As previously announced, the Company has until August 21, 2017 to regain compliance with the $1.00 minimum bid price requirement of NASDAQ. If at any time prior to August 21, 2017, the closing bid price of the Company’s ordinary shares is at least $1.00 for a minimum of ten consecutive business days, the Company will regain compliance. In the event the Company does not regain compliance, it may be eligible for an additional 180 calendar days’ extension to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. Shareholder ratification of a reverse split is also being sought at the August 13, 2017 Annual Meeting.

About MTS

Mer Telemanagement Solutions Ltd. (MTS) is a provider of video advertising solutions for online and mobile platforms through Vexigo as well as a provider of innovative products and services for telecom expense management (TEM) and enterprise mobility management (EMM).

Vexigo (www.vexigo.com) is a global provider of online video advertising software and services delivering compelling results through a propriety in-house technology and an easy-to-use and very effective publishing platform specifically designed for content publishers.

Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in Israel, the United States and Hong Kong and through distribution channels. For more information please visit the MTS web site: www.mtsint.com.

Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mer-telemanagement-solutions-ltd-receives-extension-to-regain-compliance-with-nasdaqs-minimum-stockholders-equity-requirement-300482551.html

SOURCE Mer Telemanagement Solutions Ltd.