Heartland Oil and Gas (fka HTOG)

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The creditors that have or may lend money to HTOG will make the loans based on net asset value and accept these assets as collateral. The lending requirements will be very strict in this market so I do not think HTOG will qualify for any convential loans or financing looking at their past performance. This only leaves the venture capital firms or private investors and without some type of stock options to grease the wheels(all approved stock has been issued to Five Star) I do not think this option will materialize either. I am basing my opinion on Kamals apparent greed and lack of management skills in the oil and gas industry. This market has turned very negative for obtaining high risk capital so why wouldnt Kamal cover his butt and prepare for an easy exit. HTOG may have producing wells but these wells and the leases must be serviced, maintained and managed. Without additional drilling and increased production the cost will soon overtake the income of this company and Kamal is now in the position to walk away and loose nothing if nessesary.