Replies to post #197 on NUGL, Inc. (NUGL)

[davidam]

dont worry ghcnj your not raining on anyones parade. I think most everyone is aware of the past. heck if they didnt read the filings they can just look at your last 50 posts you mentioned this about 20% of the time. : )

Myself I will try and add more to my large position before this gets going

[d3vnu11]

I have done research on Brent and Steve. Brent gave an interview on MN1.com and the interview was PR'd and directed at the shareholders.

In this interview Steve was asked about the past reverse splits and responded that future reverse splits are not apart of the current business model and no more would occur as the business was now becoming profitable.

Sometimes reverse splits are necessary once the accumulation of capital from investors does not earn profit, this unprofitable capital however does not go unused.

True, a reverse split is not helpful for the investor that bought in before that reverse split, however those investors whom buy in after that reverse split are in reality not only investing their money into that company for expected profits, but also - in a way - investing the shareholders money who lost out on that reverse split.

That losing shareholders capital built that company into a company which was not making profit, but which was a bigger more experienced company than it was before and able to invest the new shareholder money more wisely than it did before.

The company was not making money before, however it was building the infrastructure needed to make a profit.

If you were one of the investors of that infrastructure, in order for me to make that profit, I am sorry for your loss and my gain from your loss...however you must recognize that fact that this company is making declarations that it was never made before...

Palomar Enterprises, (OTC Bulletin Board: PLMA) today announced that the Company expects to generate revenues at or above $7.5M for 2007. This represents growth of 1,400% from 2006 levels. Gross profits are expected to come in at $1.5M.

The BlackHawk Fund (OTC Bulletin Board: BHWF) today announced that The Company expects to report revenues of at least $2.2 Million and gross profit of at least $560,000 for the first and second quarter of 2007.

The BlackHawk Fund (OTCBB:BHWF) reported on 8 February that it is expecting advertising revenue from its 10 cable television shows of at least USD10m for the 2007 fiscal year. The company said there could also be an additional USD10m generated from revenue from online video magazines and DVDs, which is not included in the figure above.

The BlackHawk Fund (OTC Bulletin Board: BHWF), announced today that The Company reduced the number of outstanding shares in the Float, by retiring over 5,400,000 shares back to Treasury. This reduces the total Issued and Outstanding share count from over 30 Million to less than 25 Million shares.

Palomar Enterprises (OTC Bulletin Board: PLMA), announces the Date of Record for shareholders to receive a dividend, is set for March 8th, 2007. All Palomar shareholders of record will be entitled to receive a dividend of free trading stock in The Company's subsidiary, "The BlackHawk Fund." Palomar Enterprises will distribute 10 Million shares on a pro-rata basis to its shareholders. This is the first of several planned dividends that Palomar expects to distribute on a quarterly basis to its shareholders, subject to Board approval.

...these declarations have lead me and others to believe that they are finally making money off the previous r/s shareholders...(maybe you?) initial capital investment, who lost money though the company's previous reverse splits.

...and to prove to investors that they are serious and making money they are showing their current investors results.

...such as no dilution in BHWF, rather they retire 1/6th of the shares...

...and quarterly dividends to owners of PLMA...

...if dilution was and issue you would see share price dropping...MM's know when dilution is going on...rather you see a 400% gain in the last 3 months (PLMA)

again I am sorry if you lost money in one of the previous reverse splits and other investors are building off your inital capital investment...we own the building in which we operate out of now thanks to those investors. (PLMA)

however don't bash when all indicators point the opposite way of your bashing...and don't come to this board every week or two saying the same thing over and over again even as the dividends are issued and BHWF brings in 10million in revenue.

Instead, buy some shares....you still got time...