Houston American Energy Corp (HUSA)

[Dobie Lama]

HUSA has paid a steep price for the scam on the CPO- 4 block. Going from $4 to $20 a share based on false claims.

But is a pps of .17 a fair valuation at this time?

6. Between November 2009 and April 2010, a period during which Houston American and Terwilliger employed multiple fraudulent statements and omissions in connection with their efforts to promote the company’s interest in the CPO-4 block, Houston American’s stock price increased from approximately $4.00 per share to $20.00 per share, and its market capitalization increased from less than $150 million to more than $600 million.