Heartland Oil and Gas (fka HTOG)

[merydor]

You can carefully read the 10-Q report, and review your statement. The article doesn't state that there was a reverse split at UPDV, neither does it say that the reverse split changed the ownership size of UPDV in HTOG.
As far as Mr. Kemal is concerned, the article bases it statement upon a forum post which by no means can be a credible resource. So whether Kemal has done harm to HTOG is a very arguable fact.

http://www.sec.gov/Archives/edgar/data/1075636/000129707708000095/htog63008.htm

Organization

Heartland Oil and Gas Corp. (the "Company") was incorporated in Nevada on July 9, 1998. Our principal business is exploration and development of oil and gas property in the United States. Through December 31, 2005, we were in the exploration stage and had not generated significant revenue from operations. We first sold natural gas in February 2006; therefore we are no longer an exploration stage company.

On April 19, 2007 there was a sale of a 52% interest in the Company’s common stock to Universal Property Development and Acquisition Corporation ("UPDV"). After adjusting the previous quarter’s issuance to UPDV for the July 25, 2007 1-for-10 reverse stock split and through subsequent transactions, UPDV’s interest has decreased to 16% as of June 30, 2008.

We have incurred recurring losses from operations and have accumulated a deficit of $88,921,317 since inception. At June 30, 2008, we had negative working capital. Since inception, we have funded operations through the issuance of capital stock and debt. We plan to continue raising additional funds through future equity or debt financing until we achieve profitable operations.