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I hope the SEC smacks these guys hard.A few years possibly in JAIL will make "new" men out of these guys. Just like their CON*==> BHWF. Anyone see the "soap"?
I dumped this POS stock a very long time ago and no longer follow it because of all the lies and deceit put out by Brent and Steve about good ole Prize Pizza and the whole lot. All those Reverse splits that took me from just over 1 million shares to less than 100 and then for those shares to actually end up worthless, I just wrote it off on my taxes and chalked it up as a learning experience. But to get to the point of this ramble, since this board is quite active as of yet, does anyone want to step up to the plate and take control of the board? I will more than be happy to give someone else moderator duties. Than I can wash my hands of this POS and totally forget about it.
Of course this is a joke. It's amazing with all the information online why anyone would buy this.
This company is a total joke.I bought PLMA back at the beginning of Jan.I use Ameritrade.I have a
friend that bought at the end of April way past the Due date.He got his shares He uses Etrade.
I still have not received my shares!!
Not that the .56 in shares will make me rich, but come on
PLMA get it right...
We should have received 50:1 or something like that.
Haaa......What a JOKE! I finally received my BHWF ..all 76 shares, and worth a whole $1.14 !! WOW! and PLMA sinks to 0.0076. Whats funnier, the drop in PLMA, the FEW crumbs of BHWF given LATE to owners of PLMA, or the INVESTORS who own this? Now what, a reverse split? damn.....
double woohoo. i got a whole 2 shares!!
Woohoo, I checked my account and I see BHWF shares. And I live in the Georgia, US.
Just trying to give you the heads up on these guys....sheesh! Good luck.
PALR to PALL.....1:100 R/S 6-21-04
PALL to PLMI.....1:100 R/S 11-9-04
PLMI to PLMA...1:1,000 R/S 7-5-05
Palomar's other POS stock
BHWK.............1:800 R/S 1-3-05
BHWK to BHWF.....1:800 R/S 11-17-0
Haven't received the divy yet either. And they are talking
about a second distribution? Ha! Ha!
Although I'm becoming LESS and LESS! of a fan for PLMA....what you state is COMMON knowledge.
"...Capital Structure: Our latest 10K that was filed showed the Company has 523 million shares outstanding. This increase was from the conversion of preferred shares into common stock. Of the total shares outstanding (523M), approximately 75% of these shares are subject to restriction indefinitely. In fact, only 1% PER QUARTER of these shares can be registered for sale. These shares are held by officers of the Company, no one else..."
It's no secret they can sell 1%!! PER QUARTER.....DUH!
Thanx for ENLIGHTENING! us thou....sheesh!
That is just their personal stash. It does not include what they can sell from the company treasury. Just IMO. GLTY.
Form 4 filed on 5/3/2007. 10,460,974 shares hitting the market. This is from their personal stash of common shares. The still have millions and millions of preferred shares that they can convert to common at a rate of 1:100. Just IMO. Everybody do their own DD. Good luck.
"Brent Fouch will sell the 5,230,487 common shares in Palomar Enterprises, Inc. over a 90-day period beginning on 04/19/2007. The Form 4 filed on 04/19/2007 incorrectly indicated that Brent Fouch and Steve Bonenberger will jointly sell the 5,230,487 common shares in Palomar Enterprises, Inc. This amendment and the subsequent Form 4 are being filed to reflect that each of Brent Fouch and Steve Bonenberger will sell 5,230,487 common shares in Palomar Enterprises, Inc."
CONFIRMED you ARE a MORON. Thanks for proving me correct. Now, go away, and wear that "L" proudly..LOSER!
Weired, they gave me shares. I wonder what their method for distribution is? I wasn't even a holder of PLMA until after the first eligible date. At least I can say I am very rich now. They gave me 96 shares worth $1.41. I am buying a new house.
I am in the pennies too. The difference is I don't have to drive myself crazy watching every day and calling CEO's when things don't go my way. Now who doesn't have a life?
I'm a fan of the TV Network TLC, and they have a series about flipping houses in California with renovation. Even if the first time do-it yourself flippers bungle the job, they always sell it for more. California houses always go up.
Are they selling houses?
I suppose it would be interesting to see some specific numbers from this company, i.e. number of homes purchased, number of homes in inventory, number of homes sold, average profit per home…etc. Their business model is not that unique. There are thousands of “Mr. & Mrs. Flip n’ da House LLCs” out there. Some make money and some don’t. I know its early in the morning but banging around on their website just now, not much of it is working very well. I am beginning to get concerned is all.
Maybe if the company kept its PROMISE and gave shares out of BHWF as PROMISED, there might not be any DOUBT about the HONESTY of this company. As for a penny flipper, YOU are here in the pennies MORON. Get a LIFE.
If the CEO would have to return calls to every crying penny-flipper - he might as well close the real estate business and open a call center.
SCUMBAG CEO. I call, and that pos NEVER returns my call.
heute ist das kein Problem mehr, das weltweite Netzwerk machts möglich:)
Ja, das war alles nicht moeglich in den achziger Jahren.
Yes, Germans trade Pinks, like plma, cbay, ptsh, MHUS...
I didn't realize EU's would trade US pinks. When I left Germany in 1984, things were a lot different.
I get 8/10 of a cent. What a bunch of crooks!
Because I'm a german shareholder. Can i post links of other boards here? There are other traders who got their dividend.
I trade this US pink, because it's an interesting company!
German traders got their shares? How did you find that out? I wonder why Germans trade US pinks? Don't they have their own exchanges or EU pink sheet companies?
.0008??.....what a JOKE! So for every 2MM shares....$16.00!(based on pps of .01).
Know wonder the HUGE conversion of "preferred" to common...so the "insiders" could receive the BULK! of the BHWF divy....leaving the "retailers" with a PITTANCE!
I should of SOLD! into the divy run instead of HOLDING...simple as that. I would have come out with a TON! more "cash-value" vs. PLMA+divy...UNREAL!
In Germany many shareholders got their divi. 0.0008 bhwf for 1 plma. So just wait and you will get your divi, too.
Thank You..I'll wait and see....Hope they are good at their word. I am still holding here.
You get your shares - don't worry. Besides, BHWF is climbing. Shares may be worth something. Like I said, it took HISC for a while the first time too to distribute shares as divident.
I called PLMA==> AGAIN today. NO answer, but I did get a recording. I stated to them, that I have called 4 ... 5 times, asking about MY shares of BHWF. I have had PLMA since JANUARY 07. I informed, well left a message..that I would do all I can to EXPOSE them, posting here and any other site available to me. I bought PLMA with the promise I would receive BHWF shares soon. Well, guess what==> NO SHARES and==> NO return phone call. Hmm .. I wonder how much JAIL time they will get?
Duhhh. I can't read today.
Apparently June 22 is the record date.
I wasn't eligible yet for the first, but the new PR didn't mention of what date I had to be holding to be eligible for the second one.
Well, there is the news!
PR about a 2nd DIVY.......where's the FIRST??...unless my broker is screwing with me...anybody else?
I called PLMA today(AGAIN)and left a message with my name, and phone. I questioned about when I would be receiving my shares of BHWF, and as of 9:50 PM tonight, NO REPLY. Who knows IF and when we will get these shares. Weren't we to receive them a MONTH ago? Hopefully there won't have to be a law suit and/or complaint filed with the SEC.
ADDITIONAL INFO: +.0008 of a share of The Blackhawk Fund (BB: BHWF) for each share held.
any comments?
This thing will fly as soon as the share distribution bugs are worked out. People lost some faith during this period and that reflects the pps now. I see 0.02 being the avg soon. They are working really hard to create shareholder value and they are sincere about it. In addition, the PR's they realease are nothing but positive. I wish all the other companies I am holding have the same PR's comming out.
I am glad I got in when I did!!
I did see something on another news poster that the distribution should take place on May 1st, so...we shall see. I am not actually concerned as much about the distribution from the benefit aspect as much as I am from an integrity aspect, if that makes sense.
Joe
Don't worry about that. Oceanside CA, and ocean front properties in general, are immune from housing market flactuations. That's an entire different market. This market is independant from interest rates since the very rich that buy these properties don't care about interest rates. They just write a check, or write the interest off their taxes.
i still have not received my dividend shares either...
beginning to get concerned, especially with the housing market softening and interest rates beginning to climb.
Sorry so late getting back to you...but I AGREE! I'm TIRED! of the excuses as I can see you are....PLMA is starting to give the impression of using "deceptive practices" (PROMO's) to SELL stock...which IS! a SEC VIOLATION!
Let me know if you need input...
GL
I ..AGAIN called PLMA' office, left a message concerning the whereabouts of my missing shares of BHWF. I left them a message that I will wait till next week to see those shares, or I will file a complaint. If this company is on the up and up..BHWF shares should have already been part of my investment.
Did anyone get their BHWF divi "this week"??
That news should help Steve and Brent dump shares but otherwise means nothing. They are losing millions of $$$$ per year of shareholder money. Form 4 filed. See Pink Sheets SEC filings.
"Brent Fouch and Steve Bonenberger will sell the 5,230,487 common shares in Palomar Enterprises, Inc. over a 90-day period beginning on 04/19/2007." "After the planned sale of all 5,230,487 common shares in Palomar Enterprises, Inc. is completed, Brent Fouch and Steve Bonenberger will own 3,769,513 common shares in Palomar Enterprises, Inc."
They still have what amounts to BILLIONS of shares of preferred stock to dump though. The preferred stock transfers at a rate of 1:100 to common if my memory is correct. All just IMO. Good luck.
HUGE NEWS!!!
CARLSBAD, Calif., April 24 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA - News), announces the successful completion of The Company's first scheduled Dividend Distribution to its shareholders. Shareholders of record as of March 8th, 2007 should receive their dividend this week. Palomar Enterprises is determined to build shareholder value through the growth of The Company as well as through distributions of dividends on a regular basis to its loyal shareholders.
ADVERTISEMENT
PLMA is on pace to increase revenue from under $1 million in 2006 to an estimated $10 Million in 2007. This growth is being accomplished by the sale of properties acquired, that have been renovated and placed on the market for sale, as well as through the enormous growth of The Company's wholly owned subsidiary, "The Blackhawk Fund". www.blackhawkfund.com
PLMA is actively investing in Foreclosed Residential Real Estate throughout the United States. The Company looks to purchase properties at 30% to 40% below market values, add cosmetic improvements and sell the properties at a profit. Palomar, a real estate and mortgage brokerage firm, has been operating this business model for the past 4 years and is increasing its foreclosure business due to the opportunity being presented by a surplus of financially distressed properties on the market.
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