I think ready it again it is a probability not a news. Good try. make up some more news.
Based on latest financial disclosure Houston American Energy Corporation has Probability Of Bankruptcy of 78%. This is 129.64% higher than that of Basic Materials sector, and 106.91% higher than that of Independent Oil and Gas industry, The Probability Of Bankruptcy for all stocks is 125.81% lower than the firm.
they will not go bK just cease operations as an on going concern at least until they can sign on a JV partner or raise capital. I can not believe they will need more capital since they just raised 9 MM.