achtung tenbagger bahnt sich an!

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Posted by: shawnobe    Date: Wednesday, August 20, 2008 8:42:36 PM  
In reply to: None  Post # of 10989  

this was posted on yahoo, has some (banker clarifications of the 10Q in it. worth reading IMO

I have reviewed the most recent quarterly financial statement of HTOG and render my opinion, which several posters have asked for. I am by no means the end all, and you should always make your own decisions regarding a stock.


The current assets of HTOG between 12/31/07 and 6/30/08 have grown by $169,603.00 to $664,140.00. The increase is concentrated in a/c's receivable due to increasing sales. Total assets on a whole declined soley due to the depre/depletion allowances, which get reflected on the P&L as a non cash expense.Total Assets of of 6/08 was $9,257,396.and 9,407,535 as of 12/07. The improvement is in their growing liquidity. This item of importance will continue to grow with increasing sales which are on the upswing.


Gross revenues for the entire year of 07 was only $689,000.00. As of 6/08 they ballooned to $1,229,159.00. If we project that amount to the end of 12/08, gross revenues would double to $2,458,318.00. I believe they will exceed $3,000,000. because not all of the producing wells are reflected in the 6/08 statement. The eight new wells, the 4 to be added, are not included, as well as any other wells that may have come on line within 30 to 45 days of the 6/30/08 closing date. The 12 new wells alone should add about another $640,000.

over the next 6 mos. The company has approximately a total of 90 wells and others in some stage of completion. I would expect another 10 by years end. If they achieve that number and each well produces about $10,000.00 per month,($1,200,000 over 10 year period) total monthly revenues by 1/09 should reach $1,000,000. per month or $12,000,000. gross by year end 2009, and that is without adding another well over that same period. It is my assumption that they will complete the announced additional pipeline and 100 wells by then. Of course, this is still to be proven, but if they do accomplish these things, 2010 will see them exceed $24,000,0000. and growung in gross revenues annually.

The liabilities consist of accounts payable, $935,718., loans payable, to Aztec,Inc, $702,031. Geer Truck, $100,538.,UPDV $3,771,313 and $443,805. with $106,728 due to other related parties. A/C's payable increased by $200,310 since 12/07. This debt, I assume is to Aztec, Inc, their captured affiliate. Based upon the rapidily increasing sales, the A/R's should outpace the payables and servicing this debt should be no problem. As far as the loans payable ( due to UPDV and Aztec and Geer) are being serviced at about $34,161. per month. This debt is also managable, so long as Sales continue to rise as indicted. Evidence of servicing these accounts timely is evidenced by the fact, that they have only increased by $200,000. considering the amount of expenses incurred in constructing the pipeline and the 12 new wells.

At this point, it is my opinion that HTOG is doing well and moving in the right direction. In addition, because the debt is within the same family of companies, there should be no immediate undue pressure placed upon HTOG. UPDV could give a moratorium on payment until HTOG's revenues warranted repayment. They could also, agree to erase the debt, and classify it as Paid in capital. I do not see these events happening as HTOG, appears to be holding it's own.

The Net Worth, section needs to be looked at. The two main items are Paid in Capital $87,208,359. and (negative) Retained Earnings of $88,921,317.00. Basically the positive offsets against the negative. It is understanding what comprises these figures that we get a better understanding of the company's performance. The Paid in Capital comes from some sort of cash injection, mainly derived from the sale of Stock. The negative retained Earnings comprise of the amount of expenses that exceed profits. In the case of HTOG, it is the nature of expenses that needs to be known. They consist mainly of one time non recurring write-offs such as impairment expenses, Depreciation and Depletion allowances, and other losses due from non profitable operations. The recent $27,888,377 stock compensation to Five Star is also reflected this quarter. But it is also reflected in Paid in Capital as a wash. If we were to remove, or add back these " No Cash Outlay" items the company would in fact have a poitive Net Worth. Whenever a company issues stock as in the case of Five Star, it is giving up a valued asset, and must reflect on the P&L. In the case of Five Star it should be noted that they recived Restricted shares and fall under rule 144. Therefore they cannot be sold until at least one year after issue date. In addition, the current market price, I believe would be a dterent, to them attempting to sell it anyway. I remain positive about HTOG and believe that the stock price is one only of manipulated value.

good post and sheds some light on the 88 million deficit and a/s

happy trading

zu haben:

http://www.otcbb.com/asp/...ist_detail.asp?d=08/20/2008&mkt_ctg=OTCBB
14:50  8/22/2008  HTOG  HTOGE  Heartland Oil & Gas Corporation  Filing Delinquency **

laut obiger Liste stünde für den 22.08.08 ein Ticker-Symbol-Namenswechsel für HTOG zu HTOGE aus, wg. vergessenem SEC-Filing (10-Q) aus. Dieses Filing wurde aber erbracht!
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=6113636

...mMn sollte es heute zu einer deutlichen! Gegenreaktion kommen, da die erbrachten Quartalszahlen eine deutliche Steigerung ggüber dem gleichen Zeitraum 2007 zeigen...

 

Im Moment können sie sich wohl auf der anderen Seite vom Atlantik nicht entscheiden.  

...siehe auch mein Beitrag #453

mMn: wenn dieses "Missverständnis" aufgeklärt ist, sollte es enorm aufwärts gehen. Die MM's haben das drohende "E" sicherlich eingepreist...

**************************************************

20.08.08:
http://www.otcbb.com/asp/...ist_detail.asp?d=08/20/2008&mkt_ctg=OTCBB

SYMBOL CHANGES  
Updated Date Old Symbol New Symbol Name Comment
14:50  8/22/2008  HTOG  HTOGE  Heartland Oil & Gas Corporation  Filing Delinquency **  

21.08.08:
http://www.otcbb.com/asp/...ist_detail.asp?d=08/21/2008&mkt_ctg=OTCBB
(noch keine Rückänderung)

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Posted by: marcnuke    Date: Thursday, August 21, 2008 10:46:56 PM  
In reply to: bricker who wrote msg# 11164  Post # of 11174  

I'm with E*turd too - Htog is showing up in my positions as HTOGE - guess E*turd thinks we deserve the "e" for late filing...the trouble is, htoge is not quotable, therefore our positions show up $0 - great way to begin Friday!


...lange hat es gedauert...

wie die väter so die söhne
wie die mütter so die töchter
nur noch meist ein bisserl schlechter  

...mit dem Unterschied, dass HTOG das Filling termingerecht erbracht hat (im Unterschied zu UPDV - da warten wir ja noch!!!! immer),

und es sich hier um ein Missverständnis handelt!

-werde heut Abend wieder auf der SEC-Liste nachschauen, aber zu 99,99% wird dann HTOG ab morgen wieder ohne "E" benannt werden...


in diesem Sinne - netter Versuch!  ;0) ax

findet unter "HTOGE" statt. mit gewaltigen abschlägen. rt 0.0069 usd.

bei 0.005 usd hole ich mir noch ne mille scheine.

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Posted by: Schnurzel    Date: Friday, August 22, 2008 10:49:27 AM  
In reply to: bucksmypup who wrote msg# 11271  Post # of 11279  

In my opinion this must be dilution. I cant imagine, that someone sells so much shares at this low prices....

We got no news about the wells beause they are not online!
I remember a post the last day of the Management ("Jack") saying there will be no news in the short time period. All we got ist a mighty DEPT in the 10Q. We will get down today. Wait for the afternoon, wait till the investors get their money out of this over the weekend.

We will start at 0,004 or less next week.

This was may last trip to pennyland. You cant win here, even if you do your DD. There ist no protection against a stupid management, late filings, late or Fluff PRs, broken promises and that damned Short selling and MM acting.

For every 20 % you gain within month, you loose 70 % or more in a few days....  

das wir es mit dilution zu tun haben. da würden ander blöcke gehandelt werden. das ist blanke panik wegen des symbolwechsels.  

und zu wann kann denn HTOG"E" das E wieder verlieren?  

mit dem zu spät eingereichten filing vergeben. es wurde aber am 20.05. eingereicht, somit pünktlich. damit ist die ganze geschichte eigentlich nicht gerechtfertigt und sollte rückgängig gemacht werden. gut möglich, das am montag wieder unter altem symbol gehandelt wird. was mit dem kurs dann aber passiert, ist schwer zu sagen. am besten ein shortsqueeze.

Ich habe das auch so verstanden. Kann man es denn auch wieder gelöscht bekommen, wenn es gerechtfertigt ist? Zu den nächsten Quartalszqhlen oder so?

 Also ich stelle mal wieder fest, dass Devisenhandel doch was für sich hat.

 

...nimm z.B. die Aktie GTEC (ein anderer Thread von mir)

auch durch ein Missverständnis der SEC wurde GTEC zu GTECE (20.08 zu 21.08 - weil angeblich das NT 10-Q-Filling vergessen wurde. Dies war jedoch nicht berechtigt, weil GTEC zum Monatsende die Geschäftszahlen für 2008 darlegt [ deren Geschäftsjahr geht von August zu August...].
Mittlerweile wurde der Irrtum seitens der SEC rückgängig gemacht und GTEC ist wieder unter dem Symbol GTEC handelbar.

Nichts anderes wird bei HTOG passieren - vermutlich geschieht dies schon Montag!

...dazu siehe auch meine postings #453 und #457

--ax--

http://www.sec.gov/answers/eadded.htm

E" Added To Stock Ticker Symbol
When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports. If the company files complete required reports during the grace period, the “E” will be removed. If the company fails to correct its deficiency, the company’s stock symbol will be removed from trading on the OTCBB.

In addition, repeated delinquencies by a company in filing complete periodic reports with the SEC or other applicable regulator, or removal of the company’s security from quotation on the OTCBB because of its failure to file required reports within the prescribed period, can result in the security becoming ineligible for quotation on the OTCBB for a one-year period.

Specifically, if an OTCBB-quoted company is delinquent in filing complete required annual and quarterly reports with the applicable regulator three times in the prior two-year period, quotations of a security on the OTCBB will be prohibited until the company has timely filed in complete form all required reports due in a one-year period. Further, if a security is removed from the OTCBB twice in the prior two-year period, the security is subject to removal from quotation on the OTCBB until the company has timely filed in complete form all required reports due in a one-year period. For more detailed information, please read FINRA Rule 6530.

Stock symbols for OTCBB securities may also have other fifth letters added to them, such as the letter “Q” (indicating that a company is in bankruptcy proceedings). You can view the complete list of fifth letters that may be attached to a company’s stock symbol on the OTCBB website. Stock symbol changes, as well as new issues, name changes, and deleted issues for OTCBB securities, appear on the OTCBB Daily List.

wie war die Reaktion bei GTEC, wo es rückgänging gemacht war? Ist der Kurs danach gestigen?

 

nach Süden, hehe.  

BUYINS.NET: FEEC, HTOG, NRGX, RTWW, LPPI, ESVIF Have Also Been Removed From Naked Short List Today

Aug 22, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Far East Energy Corp (OTCBB: FEEC), Heartland Oil & Gas Corp. (OTCBB: HTOG), Neurologix Inc. (OTCBB: NRGX), Riptide Worldwide Inc. (OTCBB: RTWW), LEEP Inc. (OTC: LPPI), Ensign Energy Services Inc. (OTC: ESVIF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
Far East Energy Corp (OTCBB: FEEC) together with its subsidiaries, engages in the acquisition, exploration, and development of coalbed methane gas properties in the People's Republic of China. As of December 31, 2007, the company had approximately 265,000 gross acres in the Yunnan Province, and approximately 1,058,000 gross acres in the Shanxi Province. The company was founded in 2000 and is based in Houston, Texas. With 137.46 million shares outstanding and 45,700 shares declared short as of July 2008, there is no longer a failure to deliver in shares of FEEC. According to quarterly data provided by the SEC, there were still 19,329 shares of FEEC that were failing-to-deliver as of September 28, 2007.

Heartland Oil & Gas Corp. (OTCBB: HTOG) engages in exploration, development, production, and sale of coal bed methane in the Cherokee basin and Forest City basin of northeast Kansas. The company owns and operates oil and gas leases located on approximately 645,000 acres of property in the Forest City and Cherokee basins in eastern Kansas; 700 acres of property in Palo Pinto County, Texas; and 3,000 acres in Jack County, Texas. It also holds properties in Kansas in the south block, located on the Cherokee basin; and the north block, located in the Forest City basin. In addition, the company engages in the processing and sale of gas through pipelines from its Lancaster wells. As of December 31, 2007, Heartland Oil and Gas had proved developed net reserves of 2,410,484 thousand cubic feet of gas; and 3,002 thousand barrels of crude oil. The company was founded in 1998 and is based in Houston, Texas. Heartland Oil & Gas Corp. operates as a subsidiary of Universal Property Development and Acquisition Corporation. With 42.21 million shares outstanding and 671,300 shares declared short as of July 2008, there is no longer a failure to deliver in shares of HTOG. According to quarterly data provided by the SEC, there were still 15,620 shares of HTOG that were failing-to-deliver as of September 7, 2007.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=htoge