posted
Another strong finish! Two good PR's in a row!!
Palomar Enterprises, Inc. (OTC Bulletin Board: PALR) announces the completion of construction for the Tempe, AZ. Prize Pizza location. The facility projects a soft opening the week of April 26th and will commence full operations to the public the week of May 1st at the Grand Opening.
and
Palomar Enterprises, Inc., ( PALR ) announces the signing of a lease purchase option agreement for a property located at 2850 Pio Pico Drive, Carlsbad, CA. The lease purchase option agreement is for $1,400,000. Palomar Enterprises, Inc., is planning on moving its entire real estate sales & marketing, development and home loan divisions to this new location. The property is adjacent to Hwy. 5 and has easy freeway access and visibility. The company has procured this property to satisfy the needs of these growing divisions.
At .01 market cap only at 5 million. HOW HIGH WILL IT GO?
posted
IF it hits .02 it will be before 5/7. It is going to get resistance at .015, and we might see that tomorrow. If it closes above .015, .02 isn't too far away then. Then you can expect a pulback. Watch it close, buy and sell, get the feel for it.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Yeah, I am trying to get out at .0014 as well...not a whole lotof activity there...kinda stalled...
Posts: 64 | Registered: Apr 2004
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posted
I'm selling 1/2 my position at .0145. Hang in there it just retraced to .0127, but we'll get some interest here before end of the day. Back to .014 already, I guess resistance @ .015 .
[This message has been edited by will (edited April 23, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Waiting for MondaY!!!So I can officially say i'm broke at 4pm.LOL (Ameritrade been sucking me dry).
Posts: 2093 | From: Leaving Your House | Registered: Apr 2004
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posted
I just cancelled two GTC sell orders, at .014 and .02 . I am going to stick with this until it's back to its early Feb. price. Scares me to death, I've been holding it for a couple of months. Managed to get my average buy price down to .0085 over the past couple of months. This and LBTT have great potential, but sure do take their time increasing price, but I believe they both have value.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 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.
posted
They sure know how to crash a party! Dogs couldn't wait until the had a couple of good PR's before this nonsense. It traded early, bid is down to .0083, on 1/2 million shares.
[This message has been edited by will (edited April 28, 2004).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
The increase in shares is needed for the property for resturants. The reverse is a future thing for when they use up the billions of shares for property.
Just my thought. A few may panic here but I am going to hold for a bit.
posted
So the bottom line is we arnt going to make any money off this until the stock price settles after the dilution and reverse split?????
Posts: 150 | From: Kiev Ukraine | Registered: Apr 2004
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posted
There is no reverse split for sure at this time. But many may persive there is and we may sell off a bit here.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000
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posted
No doubt, Bob, but the news will be read as all bad, and we will see a selloff here. Then if they do rush to the R/S, ouch!
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Folks should know smallcaps issue stock to get assets. The future price of the stock will depend on how they use the stock and what assets they end up with.
The reverse is just a future thing and may never be done. Insiders buying around .008.
Many will panic as is happening.
But look at what this company is doing. First and formost it is doing what it says as far as its business goes.
I am no long term invester as I said before I would have sold @.014 the other day. Where I will sell now I am not sure.
[This message has been edited by Bob Frey (edited April 28, 2004).]
posted
Bob, believe me, I am not disagreeing with you, however it is just the perception of these future authorizations and the effect it will have on the PPS now.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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