Here's some more old Bonenberger and Fouch info that shines a bit more light on just how much these guys were bleeding retail investors funds into their own "Donor Banks".. Vidable used to be the Blackhawk Fund which was acquired by Palomar Enterprises... which became part of Bonenberger's AGEL.. It's all connected and that includes RFMK which Bonenberger, Fouch, and Driscoll founded in May 2007.. and it's all going down.. soon IMSHO!!
All the same BS we've seen here with RFMK.. like
Diddly for Revenues Bogus "Payments" Massive amount of Stocks issued for "Services" Huge losses.. with promises of Significant Future Revenues!!! ...and on, and on, and on... yadda yadda BS!!
Concurrently with the stock purchase transaction, Robert C. Simpson, our then-sole director and officer, nominated Steve Bonenberger and Brent Fouch as directors. Steve Bonenberger was also elected president and chief executive officer and Brent Fouch was elected Secretary and chief financial officer. Following the election of Messrs. Bonenberger and Fouch as our officers and directors, Robert C. Simpson resigned his positions as our director and officer.
... so that leads to a question... How many companies were Bonenberger and Fouch both CEO and CFO of (consecutively) by the beginning of the year in 2008???? It's at least "3" companies
RFMK, AGEL, and VIBE.. and all were being run out of 1802 N. Carson Street, Carson City Nevada at the same time!!
REVENUE Revenue for the 12 months ended December 31, 2007 was $309,908 compared to $149,451 for the 12 months ended December 31, 2006. The increase in revenue is due to the launching of our media business. Cost of Sales was $234,231 in 2007 compared to $140,000 in 2006.
...again diddly for revenues... but what do we have here???
GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses ("G&A") were $2,208,360 for the 12 months ended December 31, 2007, compared to $472,780 for the 12 months ended December 31, 2006,. The increase was due mainly to higher stock for services of $1,322,885 and $267,605 of Media expenses.There was also an increase in payments made to companies controlled by our officers of $135,000. We expect G&A expenses to decrease substantially in the coming 12 months due to an anticipated decrease in stock for services. We intend to focus on operating efficiencies, increasing revenues, and ensuring profitability in our core business units during this period
All the same BS crappola that has been going on since RFMK began back in 2007.. these guys were Retail Shareholder Dipping across the Board back then... and it's still going on today!!
Harold Steven Bonenberger and Brent Fouch, whom I believe hired Tom Allinder as their CEO and are very likely collecting, i one way or another, massive amounts of converted fund through RFMK,
they were also involved in this crappola right around the same timeframe... how much do you think Palomar Retail Shareholders liked these guys???
PALOMAR ENTERPRISES, INC. 1802 N. Carson Street, Suite 212-3018 Carson City, Nevada 89701 Telephone (775) 887-0670 January 14, 2008 The purpose of this information statement is to inform the holders of record of shares of our common stock as of the close of business on the record date, December 31, 2007, that our board of directors has recommended, and that the holders of the majority of the voting power of our outstanding capital stock intend to vote on February 4, 2008 to approve a reverse split of our common stock on the basis of one postconsolidation share for each 300 pre-consolidation shares. The split will not affect our Series B Common Stock, which is designated with a different CUSIP number than our common stock (the “Series B Stock”). The Series B Stock which will not be subject to the split does not trade in the United States and trades solely on the Berlin Stock Exchange. As of the record date, 254,748,758 shares of our common stock were issued and outstanding. As of the record date 8,950,000 shares of our series A preferred stock were issued and outstanding, 30,000,000 shares of our series B preferred stock were issued and outstanding and zero shares of our series C preferred stock were issued and outstanding. Each share of our common stock outstanding entitles the holder to one vote on all matters brought before the common stockholders. Each share of our series A preferred stock is convertible into 1,000 shares of our common stock. Each share of our series A preferred stock entitles the holder to 1,000 votes of our common stock on all matters brought before our stockholders. Each share of our series B preferred stock is convertible into 100 shares of our common stock. Each share of our series B preferred stock entitles the holder to 100 votes of our common stock on all matters brought before our stockholders. Each share of our series C preferred stock is convertible into 1,000 shares of our common stock. The shares of our series C preferred stock do not have voting rights. We have consenting stockholders, Steve Bonenberger, our President, Chief Executive Officer and Director, and Brent Fouch, our Treasurer, Chief Financial Officer and Director. Each of Messrs. Bonenberger and Fouch hold 4,475,000 shares of the series A preferred stock and 17,287,502 shares of our common stock. Therefore, Mr. Bonenberger will have the power to vote 4,492,287,502 shares or our common stock and Mr. Fouch will have the power to vote 4,492,287,502 shares or our common stock. Together, Messrs. Bonenberger and Fouch will have the power to vote 8,984,575,004 shares or our common stock, which number exceeds the majority of the issued and outstanding shares of our common stock on the record date. Messrs. Bonenberger and Fouch will vote in favor of the reverse stock split of our common stock. Messrs. Bonenberger and Fouch will have the power to pass the proposed corporate action without the concurrence of any of our other stockholders. A copy of the resolutions to be approved by Messrs. Bonenberger and Fouch are described in Attachment A to this information statement. We are not asking for a proxy and you are requested not to send us a proxy. We appreciate your continued interest in Palomar Enterprises, Inc. Very truly yours, /s/ Steve Bonenberger Steve Bonenberger, President, Chief Executive Officer and Director
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