Whitemark Homes, Inc.(fka WTMK)

[The Rainmaker]

WTMK-Jeff Halbirt DD, not good imho

Jeff Halbirt was named as being a part of WTMK in a lawsuit filing against Metiscan, these suits were filed in last 30 days so we know he's still involved with WTMK now.

Jeff Halbirt was an officer and consultant of Palomar Enterprises in 2002-2003, since then Palomar changed their name to Angel Aquisitions ticker AGEL.

Palomar/Angel just got nailed by SEC for crimes commited in 2002-2004 when Jeff Halbirt was officer and consultant of Palomar. The crimes committed involved illegally issued S8's.

Palomar issued and sold illegal shares while Jeff Halbirt was officer and consultant of Palomar.


Look how many S8's Jeff Halbirt is named in

http://www.google.com/search?hl=en&q=%22Jeff+Halbirt%22&btnG=Search

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www.linkedin.com/find/h/h5/h5_66.html - 41k - Cached - Similar pages
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PALOMAR ENTERPRISES INC - PLMI Amended Annual Report (Small ...
On or about July 1, 2003, Kim Moore and Jeff Halbirt, two of our former officers, entered into consulting agreements with us whereby we are committed to pay ...
sec.edgar-online.com/2005/03/10/0001015402-05-001231/Section18.asp - 18k - Cached - Similar pages
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PALOMAR ENTERPRISES INC - PALL Annual Report (Small Business ...
Of that amount, $2500 is due to Mr. Jeff Halbirt representing cash advanced to the Company to cover operating expenses. The remaining amount of $3549 is due ...
sec.edgar-online.com/2003/04/15/0001165527-03-000070/Section15.asp - 15k - Cached - Similar pages
More results from sec.edgar-online.com »
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SEC Info - Golden Spirit Gaming Ltd - S-8 - On 1/14/04 - EX-5.1
... consulting fees, expenses and/or combinations of all three, filed are as follows: Name Amount Owed Shares for issue Jeff Halbirt $ 20000 1000000 Sean ...
www.secinfo.com/d11A75.1r.b.htm - 16k - Cached - Similar pages
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SEC Info - Avalon Energy Corp - S-8 - On 2/10/04 - EX-5.1
... 50000 Andy Chu $ 5250 75000 Herbert Ackerman $ 1050 15000 Jeff Halbirt $ 17500250000 Great West Management Ltd.$ 17500 250000 Ernest D. Thachuk $ 35000 ...
www.secinfo.com/d11A75.11p.b.htm - 16k - Cached - Similar pages
More results from www.secinfo.com »

DD Linking Jeff Halbirt to WTMK

SOURCE Whitemark Homes, Inc.

http://www.clerk.co.sarasota.fl.us/srqapp/civdetail.asp?tb_searchby=Case+Type&tb_searchfor=2008+CA+013032+NC

Civil Inquiry Detail

Case Number 2008 CA 013032 NC
Uniform Case Number 582008CA0130320000NC
Filing Type Contract and Indebtedness - Circuit
Filing Date 8/14/2008
Judge DIVISION A CIRCUIT



Plaintiff Information
Plaintiff Name Attorney Name
HALBIRT, JEFF TURFFS ROBERT EDWIN

Defendant Information
Defendant Name Attorney Name
METISCAN TECHNOLOGIES


Docket Information
Date Description Pages Image
8/15/2008 ANSWER 0 None
8/15/2008 ORDER - APPROVAL OF SETTLEMENT AGREEMENT 0 None
8/14/2008 CIVIL COVER SHEET 0 None
8/14/2008 COMPLAINT Receipt: 452284 Date: 08/14/2008 0 None
Civil Inquiry Detail

Case Number 2008 CA 011433 NC
Uniform Case Number 582008CA0114330000NC
Filing Type Contract and Indebtedness - Circuit
Filing Date 7/17/2008
Judge DIVISION C CIRCUIT

Plaintiff Information
Plaintiff Name Attorney Name
BLUE SKY OIL AND GAS CORP TURFFS ROBERT EDWIN
Defendant Information
Defendant Name Attorney Name
WHITEMARK HOMES INC

Docket Information
Date Description Pages Image
7/25/2008 ORDER GRANTING APPROVAL OF SETTLEMENT 5 View
7/25/2008 NOTICE OF FILING 47 View
7/17/2008 CIVIL COVER SHEET 1 View
7/17/2008 COMPLAINT Receipt: 446410 Date: 07/17/2008 58 View
7/17/2008 COPIES - CIRCUIT Receipt: 446430 Date: 07/17/2008 0 None

From Palomar SEC filing showing the same Jaff Halbirt now involved with WTMK was officer of Palomar.

At December 31, 2002, the Company accrued amounts payable to officers of $6,049.
Of that amount, $2,500 is due to Mr. Jeff Halbirt representing cash advanced to
the Company to cover operating expenses.

http://sec.edgar-online.com/2003/04/15/0001165527-03-000070/Section15.asp


SEC Charges PIPE Issuer with Employee Stock Option Scam
Posted August 07, 2008 4:28PM PST

The Securities and Exchange Commission charged Angel Acquisition Corp. and five other microcap companies with improperly registering shares under their employee stock option programs in order to benefit their executives.

The charges, announced Aug. 6, relate to stock issued from 2002 through 2005. Funds managed by The N.I.R. Group invested $1.35 million in Angel Acquisition through a convertible-debt PIPE in May 2006. Angel shares closed at 4 cents on Aug. 7, giving the company a market cap of about $58,000.

The SEC claims that stock-option grants by Angel and the other companies charged were disguised public offerings in which the companies used their employees as conduits to the public market to raise capital without complying with stock registration provisions.

Angel, formerly known as Palomar Enterprises, was a mortgage brokerage services and real estate developer, according to the SEC.

The commission claims that Angel and the other companies dumped billions of shares on the market through the employee options, and then received at least 85% of the proceeds from the sales.

The stock options were registered on Form S-8. When used legitimately, Form S-8 offerings provide companies with a streamlined method for compensating employees with stock, Merri Jo Gillette, regional director of the SEC's Chicago office, said in a statement.

The options' exercise prices floated with the market value of the companies' stock at the time of exercise, according to the SEC. The options are said to have vested immediately, meaning that no conditions needed to be met before the options could be exercised. A cashless exercise method was allegedly used so that the exercise price was paid with proceeds from sales of the shares.

The commission instituted cease-and-desist proceedings against San Diego investment bank Alexander & Wade Inc. and its agent James Lee for introducing the programs. A cease-and-desist order was also issued to Finance 500 of Irvine, Calif., which brokered the stock sales. Without admitting or denying guilt, Finance 500 agreed to stop, and to pay $345,000.

Angel and the other companies, without admitting or denying wrongdoing, agreed not to commit future registration violations, according to the SEC.

In the Matter of Finance 500, Inc.

On August 7, the Commission issued an Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order as to Finance 500, Inc. (Order). The Order finds that, from October 2002 through August 2005, Finance 500, Inc. (Finance 500) willfully violated Sections 5(a) and 5(c) of the Securities Act of 1933 (Securities Act) by selling a massive number of shares in unregistered offerings under so-called employee stock option programs implemented by thirty-five microcap issuers.

The Order finds that the employee stock option programs, for which Finance 500 administered the brokerage aspects through one of its registered representatives, functioned as public distributions of securities in which the issuers used their employees as conduits to raise millions of dollars in capital without complying with the registration requirements of the federal securities laws. The Order further finds that the issuers improperly registered the shares underlying the options on Form S-8 registration statements and then received at least 85% of the shares' sales proceeds. Form S-8 statements may be used to register shares issued to compensate employees and consultants and have abbreviated disclosure requirements as compared to statements registering shares used to raise capital.

The Order finds that the employee stock option programs, as implemented, had the following characteristics that, taken together, virtually ensured that the options would be exercised, and the underlying shares simultaneously sold, to the public at or near the time the options were granted: (1) the options' exercise price, which was typically set at 85% of the sale proceeds from the options' underlying shares, floated with the market value of an issuer's stock at the time of exercise, (2) the options vested immediately, meaning that the options could be exercised at any time after the date of grant, and (3) a cashless exercise method was used so that the exercise price was remitted to the issuers from the underlying shares' sales proceeds. Additionally, the great majority of employees communicated standing orders to Finance 500 to exercise their options immediately. The Order finds that the near-immediate sale of shares underlying the options resulted in millions and, in some cases, billions of shares in each issuer's stock being sold to the public, severely diluting the ownership interests of existing shareholders. The Order also finds that, by administering the brokerage aspects of the ESIP programs, Finance 500 encountered red flags indicating that the issuers' employees were underwriters to unregistered offerings, which should have prompted Finance 500 to inquire further as to the true nature of the sales.

Based on the above, the Order censures Finance 500, orders it to cease and desist from committing or causing violations of Sections 5(a) and 5(c) of the Securities Act and to pay disgorgement of $271,484 and prejudgment interest of $74,015. Finance 500 consented to the issuance of the Order without admitting or denying any of the Commission's findings. (Rels. 33-8950; 34-58325; File No. 3-13122)
In the Matter of Alexander & Wade, Inc. and James Y. Lee

On August 7, the Commission issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 (Order) against Alexander & Wade, Inc. (AWI) and James Y. Lee.

In the Order, the Division of Enforcement alleges that, from mid-2002 through mid-2005, AWI and Lee caused violations of Sections 5(a) and 5(c) of the Securities Act of 1933 by introducing several microcap issuers to so-called employee stock option programs that enabled the issuers to raise millions of dollars in capital without providing the disclosures and rights afforded to investors by the registration requirements. The Division alleges that the programs essentially functioned as public offerings in that the issuers used their employees as conduits to offer shares to the public to raise capital. The Division further alleges that, under the advice and guidance of AWI and Lee, the issuers improperly registered the shares underlying their employee stock options on Form S-8 registration statements and then received at least 85% of the sale proceeds from the underlying shares as payment for the options' exercise price. Form S-8 statements may be used to register shares issued to compensate employees and consultants and have abbreviated disclosure requirements as compared to statements registering shares used to raise capital.

The Division alleges that the employee stock option programs, as designed and implemented, had features that, taken together, virtually guaranteed that the options would be exercised, and the underlying shares simultaneously sold, to the public at or near the time the options were granted: (1) the options' exercise price, which was typically set at 85% of the sale proceeds from the options' underlying shares, floated with the market value of an issuer's stock at the time of exercise, (2) the options vested immediately, meaning that no conditions needed to be met before the options could be exercised, and (3) a cashless exercise method was used so that the exercise price was remitted to the issuers from the underlying shares' sales proceeds. Other than opening brokerage accounts and signing blank authorizations, the issuers' employees typically did not make any decisions regarding the options' exercise or the sale of the underlying shares during the course of the employee stock options programs. The near-immediate sale of shares underlying the options, the Division alleges, resulted in millions and, in some cases, billions of shares in each issuer's stock being sold to the public, severely diluting the ownership interests of existing shareholders. The Division finally asserts that, by introducing the issuers to the programs, helping them implement the programs and advising them on the programs' administration, AWI and Lee knew, or should have known, that their conduct was contributing to the issuers' registration violations.

A hearing will be held by an Administrative Law Judge to determine whether the allegations in the Order are true, to provide respondents an opportunity to establish any defenses to the allegations and to determine what, if any, remedial actions are appropriate. The Order requires the Administrative Law Judge to issue an initial decision within 300 days from the date of service of the Order. (Rel. 33-8951; File No. 3-13123)

More Palomar info showing Jeff Halbirt right in the thick of things during the time SEC said Palomar was up to no good.

On or about July 1, 2003, Kim Moore and Jeff Halbirt, two of our former officers, entered into consulting agreements with us whereby we are committed to pay these individuals an aggregate total of $12,600 per month for 12 months. Messrs. Moore and Halbirt's contracts for their services as our consultants were terminated effective July 31, 2004.

The services performed by Messrs. Moore and Halbirt were:

- conclusion of old business matters that the company had previously been engaged in,
- assistance with the shaping and implementation of the new business model; and
- key consulting services that insured a smooth transition from one management group to the next.

We were satisfied by the services performed by Messrs. Moore and Halbirt. On August 18, 2003 we granted 4,000,000 shares of our preferred stock to our two officers and directors as consideration for services. The preferred shares are convertible to common stock at a ratio of 100 to 1. The value of the grant was determined at the relative value of the common shares into which the preferred shares are convertible. That amount was determined to be $4,000,000 based on the $0.01 trading value of the shares. The officers converted 4,000,000 of their shares into 400,000,000 shares of common stock during the fiscal year ended December 31, 2003.

We contract with two companies owned by our officers for management services. These companies were paid $194,531 and $0 for services provided in the years ended December 31, 2003 and 2002, respectively. The officers received compensation of $182,681 and $0 in the years ended December 31, 2003 and 2002, respectively. These Companies are: BMM, LLC and Micro Capital Corporation. Our contracts with BMM, LLC and Micro Capital Corporation expired in October of 2004, and we have continued using their services on an as-needed basis, subject to fund availability. Like all of our consulting agreements, our contracts with BMM, LLC and Micro Capital Corporation None are not for a specific length of time and are on as need basis, unless specifically indicated otherwise. Because our consulting agreements are subject to fund availability and on an as-needed basis, We do not consider them to be material.
http://209.85.141.104/search?q=cache:MqolU-FaZk0J:sec.edgar-online.com/2005/03/10/0001015402-05-001231/Section18.asp+%22Jeff+Halbirt%22&hl=en&ct=clnk&cd=3&gl=us




2008-The Rainmakers Moneymakers. stock symbol RAIN
http://investorshub.advfn.com/boards/board.asp?board_id=11575