$-SAVER---
IS THIS CO. A SCAM--U BE THE JUDGE;
Yes, this is a horrible scam, I do not know how something this blatant can go on year after year after year and the powers that be just let it keep on going on. Surely the S.E.C. knows of the scams they are pulling, one right after the other, they simply change a letter of the alphabet in a sentence and keep going, ANYTHING and it's O.K. for them to keep collecting, selling shares that they have no intention of honoring, they must have zillions of shares on the street by now, o.k., I have an example from my own experience. I hope many people read this and pass it on;
On 04/02/2004 I purchased 1,250,000 144-RESTRICTED SHARES with the cusip # 697522 10 0. I have the cert. in my hand as we speak. It is a PALOMAR ENTERPRISES, INC. cert. Nice looking cert.It is signed by the "transfer agent". The agent is SIGNATURE STOCK TRANSFER INC.
[Plano, Texas] Transfer Agent and signed by someone there whom is supposed to be an Authorized Agent, I cannot make out the signature as it is one of the scrolled type. It is signed by the President and CEO Steve Bonenberger.
I spoke with him I think 2005-6 about the CERT I have, the amount of money I paid for the shares [1,250,000] was $5,000 04/02/2004. In 2005-6 they sent me an envelope requesting the SHARE CERT for a palty sum that I don't remember how much it was, very,very little. I called them on the phone---Mr. Bonenberger, I told him and them that I would not give them the CERT for anything less than the $5,000.00 I had paid for the shares. So, I still have the CERT.
YESTERDAY, I recieved another envelope informing me that the shares had been reverse split 02/04/2008---@ the rate of 300 to 1, and that I am supposed to fill out the papers they sent, sign them and send them back like a good little boy, # 1--you do not sign ANY thing when a company decides to split---they split, nothing a shareholder has to sign, unless the shareholder is holding a major or majority number of shares of the company, #2--as in my situation, this is the 2nd, [second] time they have attempted to aquire my CERT and not pay for it. There is a limit on 144-RESTRICTED SHARES, I believe it is 5 years, their time is getting short and I'm sure they are trying to get as many of the 144-RESTRICTED shares back as they can.
The symbol was PLMR, it has been changed numerous times and now in the "official" papers I rec'd from the tranfer agent [same one by the way--in Texas] that the symbol now is PMEI.OB.
I told Mr. Bonenberger years ago, "you will pay my grandson or his son a handsome fee for this CERT in time, you will NEVER, EVER get it from me, my grandson's will live good off you and your scams if you are still in business.
That's the way it was Jasoner, and it still is and nothing will change that condition other than Mr. Bonenberger buy my Cert now. Oh, the CERT PRICE TO Mr. BONENBERGER IS NOW $15,000.00. He may purchace it now with an electronic deposit to my bank acct. or he may wait for my grandson's [2] of them to deposit in their bank accts. in the future.
I hope this will help some out there with these people for they have been doing this to the public for years and no-one seems to care.
tenn21
