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.
