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has anybody followed this company took a plunge over the last year. News on PR newswire sound good but then again could just be the great white hype.
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Funny, I was looking at this one on Stockcharts last night thinking it might be good for a bounce, then noticed the recent reverse split.
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The BlackHawk Fund Begins Generating Revenue Wednesday March 2, 2:39 pm ET
CARSON CITY, Nev., March 2 /PRNewswire-FirstCall/ -- The BlackHawk Fund (OTC Bulletin Board: BHWK - News), announces the signing of the first corporate client for its Financial Services division, "BlackHawk Financial, Inc." The Company has signed an Agreement to provide corporate consulting services to its client, which should exceed $150,000 in annual revenue. ADVERTISEMENT
BlackHawk Financial, Inc. provides corporate consulting services to both private and publicly traded corporations. The Company's management has extensive backgrounds in the financial services sector and assists companies with the process of becoming publicly traded, capitalization, and business strategy. BlackHawk Financial plans to contract with several more corporate clients throughout the year.
BlackHawk Financial also provides a "Down Payment Assistance" program to homebuyers in need. The Company provides a loan to the homebuyer, which is secured by the underlying property, and yields a 10% to 12% annual return.
The BlackHawk Fund is a wholly-owned subsidiary of Palomar Enterprises, Inc. (OTC Bulletin Board: PLMI - News).
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.
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The stock price was around .002 in January...it's 30 day average volume is only around 7 million. Today the volume is 45 million so far
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I tested the mm's early by placing small AON orders above the ask and noticed that it was taking along time to get a fill which told me that they didn't have many shares
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