Palomar Enterprises Updates Shareholders on Status of Dividend
CARLSBAD, Calif., April 11 /PRNewswire-FirstCall/ -- Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA), today announced that the dividend of stock of their wholly-owned subsidiary, The Blackhawk Fund (OTC Bulletin Board: BHWF) will be paid to shareholders within the next two weeks. There have been delays getting the dividend paid to shareholders. The dividend was supposed to be automatically paid on 28 March, 2007 however, this did not occur because the Company is working with its transfer agent to verify the list of shareholders to be certain of rightful ownership as of the effective date (March 8, 2007).
The stock has been made available to the transfer agent to be paid out. The company is working to make sure that those that deserve the dividend receive it in a timely manner. The company wants to ensure that only the legitimate shareholders as of the record date receive the dividend of The Blackhawk Fund. The company anticipates paying another dividend in June of this year and is working to have the system in place so that payment occurs in a timely manner.
If you are unhappy let me know when your selling the shares and I will buy them all.........
