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Still have 17 shares from 1:1000 R/S (2004-11-09) Now they gonna split them again. Think i live in the wild west. This is really A BAD BOY.
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I read in their 8-K that Effective June 28, 2005, Palomar Enterprises, Inc. (the "Registrant") designated 1,000,000,000 shares of its common stock as the "Class B Common Stock" by filing a Certificate of Designation with the Secretary of State of Nevada establishing the Class B Common Stock. With a price of Class B Common Stock, par value $0.00001 per share.
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Palomar Enterprises Increases Revenue in Excess of 100% 1:26 p.m. 07/05/2005 Provided by CARSON CITY, Nev., July 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises (PLMA), recorded second quarter revenue that reflects a 100%+ increase from the first quarter, 2005. The Company's real estate and home loan brokerage division generated in excess of $180,000 in earned commissions (second quarter 2005, unaudited). The increase is a direct reflection of the company's efforts to maximize its marketing programs that continue to yield listings and subsequent sales of Southern California properties. The Company seeks to double its annual revenue from 2004 and is also looking to add to its current asset base of $1,800,000+. In an effort to bring long-term shareholder value, The Company's Board of Directors have voted to discontinue the issuance of employee stock options. This decision was passed to minimize dilution in Palomar's stock and provide a more stable market. Palomar's Management recognizes the disparity between the Company's increasing revenues and assets, and a market cap of less than $100,000. It is the goal of Palomar's Management to bring this awareness to the investing public with the anticipation that the market will begin to accurately reflect the value the company is delivering in terms of increased revenue, increased assets and a growing independent agent base.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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