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Real Estate Commissions Reach Record Levels!
October 04, 2004 15:42:00 (ET)
CARSON CITY, Nev., Oct 4, 2004 /PRNewswire-FirstCall via COMTEX/ -- Palomar Enterprises, Inc. (PALL, Trade) has finished the 3rd quarter with the highest real estate/mortgage commissions generated in The Company's history. With the recent expansion of the real estate and mortgage loan division, The Palomar Group d.b.a. is quickly increasing market share in the highly competitive Southern California real estate market.
The Company's revenue is approaching $700,000 for the three quarters ending September 30, 2004 vs. revenue of $1,532 for the same period last year. The Company has moved the real estate division to the recently purchased offices in Carlsbad, Ca. in order to double the personnel and increase revenue and potential earnings.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
posted
52 Week high is $4.11. Thats right. Was trading at .50 in June of this year. (4 months ago!) Now at .0002 with great news.
Posts: 3026 | Registered: Apr 2004
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4. Approve amendments to our articles of incorporation to increase the authorized number of shares of our common stock from 1,000,000,000 to 9,000,000,000 shares; and
5. Grant discretionary authority to our board of directors to effect a reverse stock split of our common stock within a range of up to one post-consolidation share for each 250 pre-consolidation shares.
Our board of directors believes that our current capital structure is inadequate for our present and future needs. Moreover, our directors believe that the adjustments to our capital structure will create additional benefits to us, including enabling us to package more attractive securities offerings through the use of common and preferred classes and providing us with the opportunity to finance selected commercial transactions without having to deplete working capital.
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See its reasons like that why people lose money. I don't own any shares but was thinking about it. Thanks for doing the leg work for me. People need to do their DD before investing in a company.
4. Approve amendments to our articles of incorporation to increase the authorized number of shares of our common stock from 1,000,000,000 to 9,000,000,000 shares; and
5. Grant discretionary authority to our board of directors to effect a reverse stock split of our common stock within a range of up to one post-consolidation share for each 250 pre-consolidation shares.
Our board of directors believes that our current capital structure is inadequate for our present and future needs. Moreover, our directors believe that the adjustments to our capital structure will create additional benefits to us, including enabling us to package more attractive securities offerings through the use of common and preferred classes and providing us with the opportunity to finance selected commercial transactions without having to deplete working capital.
Effective June 3, 2004, we increased the number of our authorized shares of common stock to 9,000,000,000 shares by filing a Certificate of Amendment to our Certificate of Incorporation with the Secretary of State of Nevada.
Effective June 21, 2004 we implemented a reverse split of our common stock on the basis of one post-consolidation share for each 100 pre-consolidation shares by filing a Certificate of Amendment to our Certificate of Incorporation with the Secretary of State of Nevada.
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Does that means that the news from May is not going to affect us because the split is already made or you think there is another split coming? Help please. I'm deep with this one. Thank You.
posted
Thanks qwame. What about the S8 filed 14 september. Do you see that affecting anything?
Posts: 768 | From: Ingland | Registered: May 2004
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