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Houston, We Knew There Was A Problem (Cash Shortfall)

|Includes: Houston American Energy Corp. (HUSA)

Houston American Energy Corporation (HUSA) announced today that they completed a $13 million offering.

A look at the Operational Cash Flow charts of the 1st & 2nd quarters of 2011 signaled there was trouble.

below are posts from my website. (www.equitiesresearch.com)

April 19,2012

Houston American Energy Corporation (AMEX: HUSA) traded at a 2 year low this morning @ $1.97. Stockdiagnostics downgraded HUSA @ $17.25 on May 23,2011 after the company reported 1st quarter financials for the period ending March 31,2011. In 11 months since the downgrade, shares are down 88%.
click to HUSA Stockdiagnsotics OPS chart
click to HUSA Stockdiagnostics OPS 5yr chart
click to HUSA Stockdiagnostics FCF chart

March 7,2012

Houston American Energy Corporation (AMEX: HUSA) traded at a 52 week low yesterday before closing @ $6.52. Stockdiagnostics downgraded HUSA @ $17.25 on May 23,2011 after the company reported 1st quarter financials for the period ending March 31,2011. In less than 10 months since the downgrade, shares are down 62%.
click to HUSA Stockdiagnsotics OPS chart