Angel Acquistion (AGEL)

[Phisherman]

They can pretty much do what they want with no buying pressure. IMO.

[HOBIE]

I was wondering why the PP would drop in light of the recent news. It looks like they are shaking the tree to get some cheapies, or to cover their short positions because they know this thing is going up.

[Phisherman]

Palomar Enterprises in Process of Finalizing Share Buyback Plan
--------------------------------------------------------------------------------
PRNewswire
10:00 a.m. 08/23/2007
CARLSBAD, Calif., Aug 23, 2007 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises, Inc. (PLMA), today announced that the Company is finalizing their stock buyback program. Palomar intends to announce the terms of the buyback by the middle of next week. The stock buyback plan is being executed to continue to reduce the number of shares outstanding in the common stock of Palomar Enterprises. Earlier this week, Palomar announced that they have completed the retirement of 350 million shares of common stock into treasury.
"We intend to continue to reduce the number of Palomar's shares outstanding over the next several months. Earlier this week, we announced that we had retired over half the number of shares outstanding. We are committed to building value for our Company and our shareholders," commented Steve Bonenberger, CEO and President of Palomar Enterprises. "As I have said before, we are serious about growing our Company and I think these measures will reflect that," Bonenberger concluded.
If anyone has any questions, please feel free to email Brent Fouch, COO of Palomar Enterprises at [e-mail]. Mr. Fouch will be more than happy to explain Palomar's strategy.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

Corporate Office: 775-887-0670
http://WWW.THEPALOMARGROUP.COM
Palomar Enterprises, Inc., [phone]
http://WWW.THEPALOMARGROUP.COM
Copyright (C) 2007 PR Newswire. All rights reserved

[vietnam211]

GO PLMA!!!!!!!!!!!!

[E-Mac]

Exactly why I bought in this morning. Not many Co's cut the OS by more then 50% and then still look for more ways to reduce it more..All of this with no RS!! What more can anyone want...The PPS should go up from here.

[Phisherman]

Palomar Enterprises Completes Retirement of 350 Million Shares of Common Stock

--------------------------------------------------------------------------------

PRNewswire
09:00 a.m. 08/22/2007


CARLSBAD, Calif., Aug 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- Steve Bonenberger, CEO and President of Palomar Enterprises, Inc. (PLMA), today announced that the Company has now completed the retirement of 350 million shares of common stock. This number also represents a retirement of well more than half of the total number of shares outstanding. The stock was converted back to preferred stock, which drastically reduced the common share Float. The reduction of shares outstanding is reflected on the Company's latest 10-Q which was recently filed.

"We have completed the process of retiring 350 million shares to treasury and expect to announce further measures to reduce the number of shares outstanding within the next week or so. This is being done in the best interest of our shareholders as well as our Company. A reduction of shares outstanding by these means will increase shareholder value in our Company. As we said many months ago, we would not do any more reverse splits of our common stock to reduce the number of shares outstanding. We will always use other means rather than those that erode our shareholder's value," commented Steve Bonenberger, CEO and President of Palomar Enterprises. "We are serious about growing our Company and I think these measures plus the numbers on our 10-Q will reflect that," concluded Bonenberger.

If anyone has any questions, please feel free to email Brent Fouch, COO of Palomar Enterprises at [e-mail]. Mr. Fouch will be more than happy to explain Palomar's strategy.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

Corporate office: 775-887-0670

http://www.thepalomargroup.com

Palomar Enterprises, Inc., [phone]


http://www.palomarenterprises.com


Copyright (C) 2007 PR Newswire. All rights reserved

[E-Mac]

Bought in today! GLTA...

[Phisherman]

10QSB: PALOMAR ENTERPRISES INC
--------------------------------------------------------------------------------
Edgar Online
1:44 p.m. 08/14/2007
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.
Forward-Looking Information
Much of the discussion in this Item is "forward looking" as that term is used in
There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to general economic, financial and business conditions, changes in and compliance with governmental laws and regulations, including various state and federal environmental regulations, our ability to obtain additional financing from outside investors and/or bank and mezzanine lenders and our ability to generate sufficient revenues to cover operating losses and position us to achieve positive cash flow. Readers are cautioned not to place undue reliance on the forward- looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-QSB to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of its public disclosure practices. Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes contained in Item 1 of Part I of this Form 10-QSB, as well as the financial statements in Item 7 of Part II of our Form 10-KSB for the fiscal year ended, December 31, 2006.

Current Business Plan

Overview
We provide brokerage services in the real estate market, as well as purchase, renovate, develop and sell residential properties. We also through our subsidiary produce infomercials and media stream advertising.

RESULTS OF OPERATIONS:

Three months ended June 30, 2007 compared to the three months ended June 30, 2006:

Total net sales and revenue were at $282,749 for the three months ending June 30, 2007 compared to $ 204,012 for the prior period. This represents an increase of 18 percent.

Our gross profit for the three months ended June 30, 2007 compared to 2006 decreased to $39,1from $103,691. This was mainly due to the fact that the profits on housing decreased and our media business results in small gross profits.

Total operating expenses for the three months ended June 30, 2007 were $619,007 compared to $642,971 for the same period in 2006.

Net loss for the period ending June 30, 2007 was $(881,898) compared to a net loss for the prior period in 2006 which was$(588,847). This increase was mainly the result of recognizing a derivative loss on our financing.

Interest expense, net for the three months ending June 30, 2007 was $82,764 The interest expense for the prior period in 2006 was $70,845. .

Six months ended June 30, 2007 compared to the six months ended June 30, 2006.

Total net sales and revenues were at $606,095 for the six months ended June 30, 2007 compared to $378,716 for the prior period, a increase of 38 percent.

Total operating expenses for the six months ended June 30, 2007 were $2,726,887 compared to 2006, which were $1,158,317. the main area of increase was stock issued for services.

Net loss was ($2,983,965) for six-month period ending June 30, 2007, compared to a loss of ($1,070,552) for the same period in 2006.

Interest expense, net for the six months ended June 30, 2007 was $181,547 compared to 99,295.

LIQUIDITY AND CAPTIAL RESOURCES:

As of June 30, 2007 we had a deficiency in working capital of $2,530,605.

CRITICAL ACCOUNTING POLICIES

The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements, we believe the following critical accounting policy involve the most complex, difficult and subjective estimates and judgments.

OFF-BALANCE SHEET ARRANGEMENTS.

We do not have any off-balance sheet arrangements.

Aug 14, 2007

(c) 1995-2007 Cybernet Data Systems, Inc. All Rights Reserved

[Phisherman]

The Ibox has been updated. GLTA!

[Phisherman]

[Phisherman]

Maybe we get a fun last 20 minutes?

[Phisherman]

Yeah, it was 2-3 years ago, though(the R/S's). Not worried at all about that, especially since they just put out that shareholder letter specifically addressing that. I am pretty sure once they have PR'd they have officially retired the 65% of the shares from the OS, you will at least hit your average. Could be what the market is waiting for.

[PCsReasy]

Took a small position at .02 (Ugh!). Management's story seems good and their intentions seem honorable, but I hear stories of previous companies they have pumped and dumped only to reverse split into oblivion and roll everything into another stock symbol. Do you have any knowledge of these activities?

[Phisherman]

You sound like you have been in this one for a pretty good amount of time. How long you been in PLMA? What is your average? TIA.

[PCsReasy]

I'm listening! Just not much happening as much as management tries. Too bad! Seems that they want to do the right thing, but what they're not doing is showing us the money! They state that revenues are up, but what about expenses. Unless they can show us that they are willing to personally sacrifice financially, shareholders will not be willing to invest.
glta

[Phisherman]

Forget it my level 2 now shows .006. Not like anybody else is listening, LOL.

[Phisherman]

My level 1 says bid is at .006. My level 2 says it is .007. What are you guys seeing? TIA.

[Phisherman]

Getting some volume.

[Phisherman]

[Phisherman]

Palomar Enterprises Issues Update to Shareholders
--------------------------------------------------------------------------------
PRNewswire
09:00 a.m. 08/01/2007
CARLSBAD, Calif., Aug 01, 2007 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises, Inc. (PLMA), announced today that The Company has provided the following update to the business of Palomar Enterprises.

We are now providing our fourth update to shareholders over the last seven months. This is an update to our shareholders on the status of all of our businesses and our strategy for the next several months. The market for our stock has been difficult since hitting a high of .048 back in early March of this year. We have decided to take steps that will benefit our Company as well as its shareholders. In this update, we will lay out our strategy and answer as many questions as we can.

All of our businesses continue to grow at a very good pace. This will bear out in our next quarterly reports to the SEC. We have decided to adopt a strategy of building value for our shareholders by restructuring our capital structure. Last week, we announced that 350 million common shares would be converted back to preferred stock and retired back to treasury. This will effectively cut our number of shares outstanding by 65 percent. In the near future we expect to announce further measures to reduce the number of shares outstanding in the stock of Palomar Enterprises.

With regard to revenues, we expect Palomar to generate more income this year than in The Company's history. Currently, The Company has in excess of $13,000,000 in Real Estate Inventory that is on the market to be sold by our licensed agents, which will translate to commission revenue for Palomar Enterprises.

Foreclosure Business: We are concentrating our efforts in the real estate foreclosure market in various locations but are focusing specifically on the lucrative areas in southern California. We are also expanding eastward into the Midwestern US. This business is growing rapidly and we expect to see strength for at least the next 3 to 5 years.

Stock Dividends: The Company has paid out two dividends of free trading stock to its shareholders and we expect to pay our next dividend of the common stock of The Blackhawk Fund Media later this year, which will be announced shortly.

No Reverse Splits

As mentioned in our last three shareholder updates, we have no intention of doing a reverse split or anything else that would decrease the value of our stock. In fact we are working in a direction that will eliminate as much stock as possible over the next few months.

Questions and Answers:

Q: Why is the dividend of Blackhawk Fund Media shares to Palomar shareholders so small?

A: The dividend is meant for long-term shareholders of Palomar. Over a period of a year, each dividend payment will add up to a significant total for those that have a decent position in Palomar. We expect that over time, Blackhawk Fund Media will increase in value as well. Finally, if we paid out a large, one-time dividend most people are likely to buy Palomar for the dividend then sell Blackhawk as well as Palomar. In other words, this is a way to pay a dividend to our loyal investors and not just traders of the stock.

Q: You announced the retirement of 350 million shares last week. When might we expect that stock to be out of the market and into retirement?

A: The retirement of the shares is two-part. First the stock is being converted back to preferred shares as it was before. Then we will report the adjusted outstanding common shares in our quarterly SEC filings, which will reduce the outstanding common shares by 65%. This reduction of shares increases the intrinsic value of each share held by shareholders. The process will be completed within the next two to three weeks.

Q: Is there a significant short position in the stock of Palomar?

A: We are determining that now but believe, given what has transpired over the last few months, there could be a significant short position in the stock. We are implementing several measures over the next several weeks and months to force the short positions to settle their positions. In most cases forcing shorts to cover only works for a short period of time. However, we believe that by remaining dynamic with our plans for the Company as well as the stock, it will make Palomar a very hard target for shorters.

Q: Are we to expect the business of Palomar (foreclosures) to continue to grow and if so, how long?

A: We believe the foreclosure market will continue to be strong over the next 3 to 5 years. We also expect our revenue stream and profitability to continue to grow over the next 5 years. Our coastal development projects continue to yield high margin of profits, which we see increasing as the real estate market improves.

Q: How does The Blackhawk Fund Media's business affect Palomar?

A: Blackhawk is a wholly owned subsidiary of Palomar. Blackhawk's revenues and profits are applied to the bottom line of Palomar. We pay a dividend of Blackhawk to Palomar Shareholders as well. We expect rapid growth of Blackhawk's business over the next few years. And, we fully expect both companies to do extremely well financially and in the market place too.

Q: What other means are you using to lower the number of shares outstanding?

A: We expect to announce further measures to lower the number of shares outstanding next week. We are finalizing that strategy right now.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward- looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

http://www.thepalomargroup.com

Corporate Office [phone]

Corporate Office of Palomar Enterprises, Inc., [phone]


http://www.thepalomargroup.com


Copyright (C) 2007 PR Newswire. All rights reserved

[Phisherman]

C'mon NITE, raise your ask and buy DOMS shares. You know you want to....

[Phisherman]

Gotta love those 100 share prints. Hmmmm....

[Phisherman]

Looks like we've got a real pressure cooker going on here. Just a little bit of volume would be nice...

[PennyBenny]

Nothing moving - all the shares taken out of the market?

[Phisherman]

I am happy with 30-40% a day.

[PennyBenny]

Better strap-on the seatbelt next week.
This thing will go up like a rocket.

[Phisherman]

Sorry about your luck, I am up 100% so far, so PLMA has been good to me. GLTA(except shorts)

[skidm]

I added to my position so many times I really don't know
but I am down about $800. This is based on researching all
of my statements over several years. Had 1M then a reverse split, bought myself back up to 1M then I believe there was another reverse split. I now own 1,000 shares. The (-$800) is based on commisions, reorganization fees (ticker symbol change) etc. I deserve a break! I have remained with this stock thru it all! Have yet to receive any dividend. IR never responds to email. IR doesn't respond but they are retiring all these shares!

[buster1966]

i see this going on up with the less shares good buying time imoh

[PennyBenny]

This is excelent - finally going back in the 0.2 area!!

[Phisherman]

Holy smokes we got us a wide spread...

[Phisherman]

Good Lord I sure hope nobody is short PLMA.......

[Phisherman]

WTF? Just 50K moved all those MM's off the ask? Look out above!

[Phisherman]

I like this stock...

[Phisherman]

Bids are stacking...

[Phisherman]

Whats your average?

[skidm]

Looks like they are finally doing something for the shareholders. I'm down $800 with this one. Have owned this
for over 3 years.

[Phisherman]

Level 2 looking great. Not alot of sellers, surprising considering the board sentiment. Is there anybody out there?

[Phisherman]

[Phisherman]

Seems like a good thing to me...

[cn1_3]

65% less shares meaning the value of the remaining 35% will increase by approx. 185%!

[Phisherman]

This last hour should be interesting. Any thoughts on the PR today folks? I can tell most of you hate this stock, but I would love to hear your opinions...

[Phisherman]

Palomar Enterprises to Retire 350 Million Shares of Common Stock to Treasury
--------------------------------------------------------------------------------
PRNewswire
10:00 a.m. 07/25/2007
CARLSBAD, Calif., July 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- Steve Bonenberger, CEO and President of Palomar Enterprises, Inc. (PLMA), today announced that the Company will retire more than half of the current number of shares outstanding of the common stock of Palomar Enterprises. 350 million shares of common stock will be converted to preferred stock and returned to treasury. This will reduce Palomar's number of outstanding shares from approximately 536 million to 186 million, a reduction of 65 percent.

"We decided that it would be in the best interest of our shareholders as well as our Company to convert 350 million common shares to preferred and retire it to treasury. We also thought it best that in times that most companies are diluting their stock, we would take this opportunity to get as many shares off the street as possible. Additionally, we are looking at other measures to reduce the number of shares that we have outstanding and will implement those methods at our earliest opportunity. We want to show our shareholders that we are serious about growing our Company as well as our stock price," commented Steve Bonenberger, CEO and President of Palomar Enterprises.

If anyone has any questions, please feel free to email Brent Fouch, COO of Palomar Enterprises at [e-mail]. Mr. Fouch will be more than happy to explain Palomar's strategy.

From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

http://www.thepalomargroup.com

Corporate Office [phone]

Corporate Office of Palomar Enterprises, Inc., [phone]


http://www.thepalomargroup.com


Copyright (C) 2007 PR Newswire. All rights reserved

[bstouten]

HEY I got 369 shares of BHWF worth a total of $2.21

[ironman53]

What a POS this stock has become.

[PCsReasy]

1. Steve Bonenberger will sell the 5,230,487 common shares in Palomar Enterprises, Inc. over a 90-day period beginning on 04/19/2007.
2. Steve Bonenberger will sell the 5,230,487 common shares in Palomar Enterprises, Inc. at the market price of the common shares on the day of the sale. The common shares currently trade at $0.01 to $0.03 per share.
3. After the planned sale of all 5,230,487 common shares in Palomar Enterprises, Inc. is completed, Steve Bonenberger will own 3,769,513 common shares in Palomar Enterprises, Inc.

[fallback]

i hope they start this job again soon,...

[Engineering Warrant]

I also have owned PLMA for a while and have not received the first dividend. I called investor relations and was told they are compiling the list of legitimate stockholders before distributing the dividend. Then they tried to convince me that it’s a great deal right now and I should buy more. No replies to any of my emails either. Not sure what they are doing.

[skidm]

Have owned PLMA since it was PALR. Still haven't received the
first dividend (for what it's worth). They have never answered
my email. Just emailed them again. Always get a response that they will contact me within a few hours! HA! HA!

[realfast95]

it's trading now.