Houston American Energy Corp. (NYSEMKT:HUSA)

CAPS Rating: 1 out of 5

Recs

1
Player Avatar Diagoras (92.34) Submitted: 6/16/2011 12:43:56 PM : Underperform Start Price: $16.45 HUSA Score: +144.24

Houston American's reserves are highly questionable, and have been touted by David Snow, who has been involved in several energy company scams (such as Solv-Ex). This company may not be a complete fraud, but it's certainly hiding something from investors, and is highly likely to be overvalued.

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Member Avatar Prodders (85.04) Submitted: 7/1/2011 2:30:44 PM
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I think it's pretty disgraceful when people talk about possible fraud and make baseless, completely unsubstantiated attacks like this without presenting a shred of evidence. I just hope you are short IRL so that if / when proved false, you pay the penalty.

Member Avatar Mega (99.95) Submitted: 3/3/2012 1:46:57 AM
Recs: 0

Prodders wrote: "I just hope you are short IRL so that if / when proved false, you pay the penalty."

I suppose it would be rude of me to hope that you own lots of shares in real life.

Member Avatar XMFCinco (30.88) Submitted: 7/12/2012 11:47:35 PM
Recs: 0

Looking at the difference between the top green and red thumbs on this one are interesting. I followed this one through the meteoric rise, sat on my -150 for a while, and eventually it played out. Some lessons to be learned here.

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