1000 % in 3 Tagen, Dividende und Kursanstieg bis zum 31.01.2007 !!!! - 500 Beiträge pro Seite

[Ationrschulze]

Nur noch 3 mal schlafen, dann ist Bescherung !!!!

Ist echt voll aufregend, findet Ihr nicht ??? Also ich bin voll gespannt !!!!

Spekuliere auf einen Kursanstieg von meheren 100% in den nächsten 3 Tagen !!!

Nach meiner Rechnung müßte die Dividende ungefähr 1,5 Cent betragen im ersten Quartal/Halbjahr !!!Und weitere kommen noch !!! EPS: 1,05 USD !!! Denke bis zu 10% davon werden wir als Dividende für ein Jahr erhalten !!!!

Das wird den Kurs auf mindestens 0,15-0,20 USD nach oben treiben, auf Jahressicht. Die jetzt angekündigte Dividende sollte uns auf ein Niveau von ca. 0,08-0,10 bringen !!! und dazu kommt dann die Dividende !!!

Bei der Vielzahl der Stücke in meinem Depot wird das dem Gesamtwert wieder richtig gut tun !!!

Echt ein Supertip die Aktie !!!!

Risiko ist fast auf = 0 gefallen, Chance bis zu 1000% Plus !!!

Wo findet man sowas schon mal ???

Geil !!!!

DGAP-News: BlackHawk Fund
23.01.2007 10:01:00



DGAP-News: The BlackHawk Fund voraussichtlich mit Rekordeinnahmen und -gewinnen im ersten und zweiten Quartal

The BlackHawk Fund / Sonstiges

23.01.2007

Corporate News übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich. ---------------------------------------------------------------------------

The BlackHawk Fund voraussichtlich mit Rekordeinnahmen und -gewinnen im ersten und zweiten Quartal.
BlackHawk erwartet Einnahmen von 2,2 Millionen US $ mit Gewinnen von 560.000 US $
Carlsbad, Kalifornien, 22. Januar 2007- Wie The BlackHawk Fund (OTC Bulletin Board: BHWF-News) heute bekannt gab, erwartet das Unternehmen Einnahmen von mindestens 2,2 Millionen US $ und einen Rohgewinn von mindestens 560.000 US $ für das erste und zweite Quartal 2007.

\\'Unsere Immobilienunternehmen wachsen wirklich schnell und wir erwarten sowohl für Palomar Enterprises als auch für The BlackHawk Fund ein gleich bleibendes Wachstum in diesem Jahr und in absehbarer Zeit. Durch die Initiierung verschiedener Immobilienprojekte über eine Abteilung innerhalb des Unternehmens konnten wir BlackHawk erheblich aufwerten. Die unter BlackHawk operierenden Unternehmen werden wir weiterhin diversifizieren\\', so das Unternehmen.

Es wird erwartet, dass The BlackHawk Fund zu einem späteren Zeitpunkt in diesem Jahr damit beginnen wird, mindestens eine Immobilienabteilung auszugliedern, während man die bestehenden Medieneigentümer weiterentwickeln möchte. Wie bereits in einer vorhergehenden Pressemitteilung erwähnt, wird die Ausgliederung aus der Muttergesellschaft, Palomar Enterprises, Inc. (OTC Bulletin Board: PLMA-News) über den OTC Bulletin Board erfolgen und nicht durch die Pink Sheets.

Außerdem ist The BlackHawk Fund eine hundertprozentige Tochter von Palomar Enterprises, Inc. und den Aktionären von Palomar wird im ersten Quartal diesen Jahres eine Dividende an Aktien an The BlackHawk Fund ausgezahlt. Details dazu werden in der nächsten Woche bekannt gegeben.
Über The BlackHawk Fund

The BlackHawk Fund (http://www.blackhawkfund.com) operiert durch die Entwicklung, Erschließung und den Aufkauf von dem Geschäftsmodell des Unternehmens entsprechenden Portfoliounternehmen als Beratungsunternehmen. The BlackHawk Fund führt diese Portfoliounternehmen hinsichtlich der Finanzierung, Entwicklung und dem Management und erhält als Gegenleistung dafür einen Mehrheitsaktienanteil an jedem Unternehmen. Wenn ein Portfoliounternehmen seinen Geschäftsplan erfolgreich erfüllt hat, hilft The BlackHawk Fund beim öffentlichen Angebot des Portfoliounternehmens. Dadurch ist das Spin-Off-Portfoliounternehmen in der Lage einen höheren Marktwert für die Anteile zu erzielen, die von The BlackHawk Fund gehalten werden. Den Aktionären wird eine Dividende der Aktien an jedem Portfoliounternehmen ausgezahlt.

Derzeitig verfügt The BlackHawk Fund über eine Immobilienabteilung, die vor kurzem innerhalb des Unternehmens gegründet wurde. The BlackHawk Fund erwirbt gerade alle Geschäftsbereiche der Maximum Impact Television Group und wird 100% des Einkommens und des Gewinnanteils aller mit Maximum Impact produzierten Medieneigentümer erhalten. Maximum Impact verzeichnete im vergangenen Geschäftsjahr einen Jahresumsatz von 13 Millionen US $. Die Maximum Impact Television Group verfügt über mehrere Produktionseinheiten. Diese werden aufgekauft, entwickelt und durch The BlackHawk Fund dazu vorbereitet, sie in ihre eigenen börsennotierten Unternehmen auszugliedern. Der Erwerb an Aktien an The BlackHawk Fund wird durch den öffentlichen Kauf erfolgen. Noch wichtiger ist jedoch die Tatsache, dass die Aktionäre von Palomar Enterprises sowohl eine Dividende von Anteilen an The BlackHawk Fund als auch eine Dividende von Anteilen an allen Spin-Off-Unternehmen von The BlackHawk Fund erhalten werden.
Das Unternehmen wird eventuell in unregelmäßigen Abständen neue Pressemitteilungen veröffentlichen, die \\'zukunftsgerichtete Aussagen\\' enthalten, die im Sinne von Abschnitt 27A des Wertpapiergesetzes von 1933 und Abschnitt 21E des Börsengesetztes von 1934 zu verstehen sind und somit dem \\'Safe-Harbour\\'-Schutz unterliegen, der durch diese Abschnitte geschaffen wird. Dieses Dokument kann Aussagen über erwartete zukünftige Ereignisse und/oder finanzielle Ergebnisse enthalten, die in ihrem Wesen zukunftsgerichtet sind und Risiken und Unwägbarkeiten unterliegen. Für diese Aussagen beruft sich das Unternehmen auf die Regelungen zum \\'Safe-Harbour\\'-Schutz für zukunftsgerichtete Aussagen, die im \\'Private Securities Litigation Reform Act\\' der Vereinigten Staaten von 1995 und jeglichen Änderungen dazu enthalten sind. Jegliche Aussagen, die Diskussionen hinsichtlich Voraussagen, Erwartungen, Meinungen, Plänen, Prognosen, Zielstellungen, Zielen, Annahmen oder zukünftigen Ereignissen oder Leistungen ausdrücken oder beinhalten, sind keine historischen Fakten und sind eventuell \\'zukunftsgerichtete Aussagen\\'. \\'Zukunftsgerichtete Aussagen\\' basieren auf Erwartungen, Schätzungen und Prognosen zu dem Zeitpunkt, an dem die Aussagen getroffen werden und beinhalten gewisse Risiken und Unwägbarkeiten, die dazu führen können, dass tatsächliche Ergebnisse und Ereignisse erheblich von den erwarteten abweichen.

www.blackhawkfund.com

[e-mail]

775-887-0670#"


CARLSBAD, Calif., 21. Dez. -- Palomar Enterprises, Inc. (OTC Bulletin
Board: PLMA - News), gab heute bekannt, dass das Datum für die
Dividendenzahlung an die Aktionäre auf den 31. Januar 2007 festgelegtwurde. Als Dividende erhält jeder Aktionär von PLMA Anteile an The
BlackHawk Fund (OTC Bulletin Board: BHWF - News).

\'Dies ist die erste von mehreren geplanten Dividenden, die 2007 an die
Aktionäre ausgezahlt werden sollen. Neben The BlackHawk Fund wird auch
unser neuer Immobilienfonds 2007 als Dividende ausgezahlt. Zusätzlich zu
diesen Dividenden werden wir Geschäfte aus jedem Fonds ausgliedern, bei
denen ebenfalls eigene Dividenden an die Aktionäre gezahlt werden\', so
Palomar Enterprises. \'Wir planen ein Wachstum von Aktionärs- und
Unternehmenswert durch Anteilsbesitz an Palomar Enterprises. Die
Einzelheiten zu unserem neuen Immobilienfonds werden Anfang Januar 2007
bekannt gegeben. Wir sind sehr gespannt auf die neue Richtung, in die unser
Geschäft geht, und erwarten ein umfangreiches Wachstum nicht nur bei
Einnahmen und Gewinnen, sondern auch beim Erwerb von Grundstücken sowie ein
Wachstum unserer Mittel im Laufe des Jahres 2007.\'

[VanGillen]

Man beachte!!!!!!!!!!!!!! voraussichtlich.

[Marchella]

Antwort auf Beitrag Nr.: 27.245.228 von Ationrschulze am 28.01.07 11:55:58

Das Volumen in USA spricht eine andere Sprache!

[Ationrschulze]

Antwort auf Beitrag Nr.: 27.245.470 von VanGillen am 28.01.07 12:11:50

oder:"... vorläufig..." kann man auch so übersetzen, das ist bei Quartalsweisen BWAs ein üblicher Zusatz, der nur darauf hinweißt, dass das genaue Ergebnis erst am Geschäftsjahresende feststeht und steuerlich erheblich ist.

Das heißt allerdings nicht, so wie Du es ggf. vermuttest, dass das entsprechende Ergebnis noch nicht erzielt wurde oder das entsprechende Grundgeschäft dafür nicht bereits abgewickelt ist !!!

Das ist der Fall, sonst wäre ert garkeine Zahlen bekanntgegeben worden !!!

BWA ( betriebswirtschaftliche Auswertung, vorläufiges Ergebnis )

[plotz]

Antwort auf Beitrag Nr.: 27.245.567 von Ationrschulze am 28.01.07 12:20:43

aber komisch das die anderen markteilnehmer das noch nicht gemerkt haben.
wenn das so wäre müßte der kurs doch eigentlich voher schon stark gestiegen sein.

[Fortuna3]

naja, am Mittwoch gabs schonmal über 100 Prozent Kursanstieg, Donnerstag wurden Gewinne mitgenommen und am Freitag hat das warten auf die genaue Dividenen-Rate eingesetzt. Die News steht noch aus...

[olibaer2006]

Noch ein Thread...? Dachte das wär nicht nötig?!? Anscheinend schon!

Warum machst Du nicht nen Thrad auf mit dem Titel: "Wollte noch mal auf den/die kürzlich aufgemachten 1000 % Thread aufmerksam machen."

Aber nur weil Du so gutmütig bist und andere am Erfolg teilhaben lassen willst! Du Gutmensch!

Ich beobachte das seit Deinem Letzten Palomar Thread von der Seitenlinie - mein gesunder Menschenverstand sagt mir es gibt nix geschenkt - auch nicht an der Börse.

Wo ist der Haken, wo sind die Risiken, das gehört mit in Deinen Thread. Genauso wie die Empfehlung in den USA zu kaufen, die ich von Dir - soweit ich mich erinnere - nicht gelesen habe.

Eine Einschätzung des Volumens in USA und Deutschland könnte ebenfalls für viele Neulinge interessant sein.

Trotzdem wünsche ich Allen Investierten viel Erfolg mit Palomar.

Solltest Du Recht behalten gratuliere ich und gönne Dir jeden Cent Gewinn. Wenn das Ganze aber auf Abzocke von Anfängern abzielt und Du deswegen die Ganzen Pusherthreads aufmachst sollten sich die Geschädigten überlegen wie man gegen Dich vorgehen kann.

Grüße ins Board!
Oliver

[tortenboxer07]

schulze,
will uns alle reich machen.

[Fortuna3]

Antwort auf Beitrag Nr.: 27.251.271 von tortenboxer07 am 28.01.07 15:29:24

Es ist immerhin Substanz bei Palomar da!!

...das Pushen mag ich auch nicht, aber lieber bei so einem wert, wo wirklich was verdient werden kann, als bei Aktien wo wirklich Hopfen und Malz verloren ist.


...es geistert da ja so manches durch Board


Bin sehr gespannt was bei Palomar die nächsten 3 Tage passiert!

Aber hellsehn kann auch der Schulze nicht, also schön gespannt abwarten was wirklich passiert, aber ich bin zuversichtlich!

[Fortuna3]

Hallo nochmal,

Jetzt habe ich gerade gefunden das man auf mn1.com das Interview mit Steven Bonenberger Downloaden kann:

Download Übersichtseite:

http://www.mn1.com/members/modules.php?name=Downloads&d_op=v…


Oder hier der direkte Link zum MP3-File (20 Minuten lang, ca 11 MB groß) - Mit rechter Maustaste anklicken, dann könnt Ihr direkt Speichern wählen

http://www.mn1.com/members/modules.php?name=Downloads&d_op=g…


Würde gerne Eure Meinung zu dem Interview hören!


Fortuna3

[Fortuna3]

Antwort auf Beitrag Nr.: 27.261.936 von Fortuna3 am 28.01.07 21:47:44

Das Interview ist übrigens vom 18. Januar!

[SlayGrosswildjaeger]

DIE MACHEN ÜBELST VERLUSTE!!!!

PLMA -- Palomar Enterprises, Inc.
Com ($0.00001)


UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 10-QSB


[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.


For the quarterly period ended September 30, 2006


OR


[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.


For the transition period from _______, 20___ to _______, 20___.




Commission File Number: 000-49672


PALOMAR ENTERPRISES, INC.
(Exact Name of Small Business Issuer as Specified in its Charter)






NEVADA 06-1588136
(State or Other Jurisdiction of (IRS Employer
Incorporation or Organization) Identification Number)





1802 N. CARSON STREET, SUITE 212-3018
CARSON CITY, NEVADA 89701
Address of Principal Executive Offices


[phone]
(Registrant's Telephone Number, Including Area Code)






Check whether the Issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the Issuer was required to file such reports), and 2) has been subject to such filing requirements for the past 90 days. [ X ] Yes [ ] No


State the number of shares outstanding of each of the Issuer’s classes of common equity as of the latest practicable date: As of November 2, 2006, the issuer had 40,341,643 shares of its common stock issued and outstanding.


Transitional Small Business Disclosure Format (check one): Yes [ } No [X]


1
--------------------------------------------------------------------------------



TABLE OF CONTENTS








PART I - FINANCIAL INFORMATION


Item 1. Financial Statements....................................................................................................................................... 3
Consolidated Balance Sheet as of September 30, 2006 (unaudited)..................................................... 3-4
Consolidated Statement of Operations for the three and nine months ended
September 30, 2006 and 2005 (unaudited)................................................................................................ 5
Consolidated Statement of Cash Flows for the nine months ended September 30, 2006
and 2005 (unaudited)................................................................................................................................... 6-7
Notes to Consolidated Financial Statements (unaudited)..................................................................... 8


Item 2. Management's Discussion and Analysis or Plan of Operation............................................................. 20


Item 3. Quantitative and Qualitative Disclosures of Market Risk...................................................................... 24


Item 4. Controls and Procedures............................................................................................................................ 24


PART II - OTHER INFORMATION....................................................................................................................... 25


Item 1. Legal Proceedings........................................................................................................................................ 25


Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.............................................................. 25


Item 3. Defaults Upon Senior Securities ............................................................................................................... 25


Item 4. Submission of Matters to a Vote of Security Holders............................................................................ 25


Item 5. Other Information ........................................................................................................................................ 25


Item 6. Exhibits.......................................................................................................................................................... 26


SIGNATURES .......................................................................................................................................................... 26




2
--------------------------------------------------------------------------------



PART I - FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS.




The accompanying unaudited interim consolidated financial statements of Palomar Enterprises ("Palomar") have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in Palomar's Annual Report filed with the SEC on Form 10-KSB. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for 2005 as reported in the 10-KSB have been omitted.






















































































3
--------------------------------------------------------------------------------





Palomar Enterprises, Inc.
Consolidated Balance Sheet



September 30,2006 December 31,
(unaudited) 2005
ASSETS:

Cash $ 432,100 $ 44,361
Prepaids and other current assets 15,370 80,067
Total current assets 447,470 124,428
Other assets 89,942 -
Property, plant and equipment, net 3,091,579 1,365,970
Goodwill 377,249 377,249

TOTAL ASSETS $ 4,006,240 $ 1,867,646

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:
Accounts payable 8,207 6,080
Accrued expenses 102,225 118,555

Current portion of notes payable 2,153,459 368,389
Total current liabilities 2,263,891 493,024

Notes payable, long term 2,099,050 802,934

TOTAL LIABILITIES 4,362,941 1,295,958

MINORITY INTEREST 30,991 29,369



The accompanying notes are an integral part of these financial statements.









4
--------------------------------------------------------------------------------







Palomar Enterprises, Inc.
Consolidated Balance Sheet, continued



September 30, 2006 December 31,
(Unaudited) 2005
STOCKHOLDERS' EQUITY:
Preferred stock, $0.00001 par value, 10,000,000 shares
authorized, no shares issued or outstanding - -
Series A preferred stock, $0.00001 par value, 10,000,000 shares
authorized, 9,000,000 shares issued and
outstanding 90 90
Series B preferred stock, $0.00001 par value, 50,000,000 shares
authorized, 33,000,000 shares issued and outstanding 330 330
Series C preferred stock, $0.00001 par value, 30,000,000 shares
authorized, no shares issued or outstanding - -
Common stock, $0.00001 par value, 25,000,000,000 shares
authorized, 40,341,643 and 27,218,758 shares 9
issued and outstanding 403 273
Shares not yet earned (567,480) (1,243,894)
Additional paid-in capital 14,248,953 14,027,387
Accumulated deficit (14,069,989) (12,241,867)

Total stockholders' (deficit) equity ( 387,693) 542,319

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,006,239 $ 1,867,646




The accompanying notes are an integral part of these financial statements.













5
--------------------------------------------------------------------------------



Palomar Enterprises, Inc.
Consolidated Statements of Operations
For the Three Months and Nine Months Ended September 30, 2006 and 2005
(unaudited)


For the Three Months Ended For the Nine Months Ended
September 30, September 30,
2006 2005 2006 2005


Revenue $ 233,461 $ 142,194 $ 612,177 $ 427,577
Cost of goods sold 191,344 96,012 389,924 317,597

Gross profit 42,117 46,182 222,253 109,980

Operating expenses:
General and administrative 467,539 123,875 893,549 957,237
Facilities and rent 36,616 17,491 79,249 46,737
Consulting, legal and professional 53,796 284,759 251,130 608,031
Payroll and related costs 215,701 17,653 708,041 43,307
Total operating expenses 773,652 443,778 1,931,969 1,655,312

Loss from operations (731,535) (397,596) (1,709,716) (1,545,332)

Other income or (expense)
Interest expense (27,238) (29,218) (126,533) (80,421)
Minority interest in net loss/jv loss other 1,203 30,946 8,127 328,127
Total other income or (expense) (26,035) 1,728 (118,406) 247,706

(Loss) before provision for taxes (757,570) (395,868) (1,828.122) (1,297.626)

Provision for income taxes - - - -

Net (loss) $ (757,570) $ (395,868) $ (1,828,122) $ (1,297,626)

Weighted average number of
common shares outstanding - basic and fully diluted 35,375,307 1,137,859 30,749,661 2,650,438

Net (loss) per share - basic and fully diluted $ (0.02) $ (0.35) $ (0.06) $ (1.89)





The accompanying notes are an integral part of these financial statements.




6
--------------------------------------------------------------------------------



Palomar Enterprises, Inc.
Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2006 and 2005
(unaudited)


For the Nine Months Ended
September 30,
2006 2005
Cash flows from operating activities
Net (loss) for the period $ (1,828,122) $ (1,297,626)
Minority interest in net loss (328,127)
Adjustments to reconcile net (loss) to
net cash (used) by operating activities:
Depreciation 24,266 24,804
Common stock issued for services 95,525 704,672
Common stock issued to officers - -
Changes in operating assets and liabilities:
Decrease in inventory - -
(Increase) decrease in prepaid expenses/other (25,245) 22,459
-
Increase (decrease)in accounts payable and accrued expenses (14,203) 31,540
Net cash (used) by operating activities (1,747,779) (842,278)

Cash flows from investing activities
Purchase of property and equipment (625,083) (493,946)
Minority interest in real estate j/v 1,622 26,263
Net cash (used) by investing activities (623,461) (467,683)

Cash flows from financing activities
Proceeds from note payable/net of repayments 1,860,869 431,100
Payments on note payable - (17,155)
Proceeds from sale of common stock/stock subscribed 898,110 440,496
Proceeds from exercise of stock options - 474,827
Net cash provided by financing activities 2,758,979 1,329,268

Net increase in cash 387,739 284,335
Cash - beginning 44,361 142,893
Cash - ending $ 432,100 $ 427,228






The accompanying notes are an integral part of these financial statements.


7
--------------------------------------------------------------------------------




Palomar Enterprises, Inc
Consolidated Statements of Cash Flows, continued
For the Nine Months Ended September 30, 2006 and 2005
(unaudited)


2006 2005

Supplemental disclosures:
Interest paid $ 67,877 $ 54,286
Income taxes paid $ - $ -

Non-cash investing and financing activities:
Common stock issued for services $ 95,525 $ 704,672
Property acquired under note payable $ - $ -
Common stock issued to officers $ - $ -
Common stock issued to acquire sixty percent interest
in Prize Pizza, Inc. $ - $ -







The accompanying notes are an integral part of these financial statements.
















9
--------------------------------------------------------------------------------




NOTE A - ORGANIZATION AND DESCRIPTION OF BUSINESS


Palomar Enterprises, Inc. (Company) was incorporated on March 10, 1999 in accordance with the laws of the State of Nevada. The Company was initially formed for the purpose of developing an aircraft service company for private aircraft owners that would offer on-site preventative maintenance and repair services.


NOTE B - PREPARATION OF FINANCIAL STATEMENTS


The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.


Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. The Company is presently a licensed real estate broker and real estate developer.


NOTE C - GOING CONCERN UNCERTAINTY


The Company has been unable to generate sufficient operating revenues and has incurred cumulative operating losses of $14,069,989.


The Company has implemented a business plan to operate as a mortgage broker and real estate developer- However, the Company is dependent upon the available cash on hand and either future sales of securities or upon its current management and/or advances or loans from controlling shareholders or corporate officers to provide sufficient working capital.


There is no assurance that the Company will be able to obtain additional funding through the sales of additional securities or, that such funding, if available, will be obtained on terms favorable to or affordable by the Company. It is the intent of management and controlling shareholders to provide sufficient working capital necessary to support and preserve the integrity of the corporate entity.


However, there is no legal obligation for either management and/or controlling shareholders to provide such additional funding.


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.




10
--------------------------------------------------------------------------------



NOTE D - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


1. Cash and cash equivalents

The Company considers all cash on hand and in banks, including accounts in book overdraft positions, certificates of deposit and other highly-liquid investments with
maturities of three months or less, when purchased, to be cash and cash equivalents.


2. Principles of consolidation


The consolidated financial statements include the accounts of the Company and its ninety nine percent interest in The Blackhawk Fund. . All significant inter-company accounts and transactions have been eliminated. The Blackhawk Fund is a publicly traded company on the OTCB.B. (BHWK). The financials of Palomar are inclusive of all activity of the Blackhawk Fund and Palomar Enterprises, on a consolidated basis. This includes all revenue, expenses, losses and operations.



3. Goodwill


The Financial Accounting Standard Board (“FASB”) recently issued Statements of Financial Accounting Standards Nos. 141 “Business Combinations”, 142 “Goodwill and Other Intangible Assets” and 144 “Accounting for the Impairment or Disposal of Long-Lived Assets”. (:SFAS 141”, “SFAS 142” and “SFAS 144”). All of these pronouncements are effective for fiscal years beginning after December 31, 2001. Under SFAS 141, a company must use the purchase method of accounting for all business acquisitions. SFAS 142 requires a company to periodically evaluate for impairment (as opposed to amortize) goodwill and intangible assets.


Goodwill resulting from the acquisition of The Blackhawk Fund (:Blackhawk”) accounted for as a purchase. The Company follows SFAS No. 142 and as such, will test the goodwill balance for impairment at least on an annual basis. Such analysis will be based upon the expected future cash flows of Blackhawk. There was $-0- and $-0- as impairment of goodwill as of September 30, 2006 and 2005.


4. Research and development expenses


Research and development expenses are charged to operations as incurred. There were no research and development costs incurred in the nine month periods ending September 30, 2006 and 2005.



5. Advertising expenses


Advertising and marketing expenses are charged to operations as incurred. Advertising expenses for the six month periods ending September 30, 2006 and 2005 was $355,784 and $37,453, respectively.























11
--------------------------------------------------------------------------------



NOTE D - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued


6. Revenue recognition


The Company generates revenue from the sale of real estate, brokerage commissions and rental properties. Revenues from real estate sales and commissions are recognized on execution of the sales contract. Rental income is recognized in the period earned. The Company records gross commissions on the sales of properties closed. The Company pays the broker of record five percent of all transactions and 100 percent of personal sales. This is in accordance with standard procedures. The Company compensates its independent agents on a sliding scale between 70 and 80 percent based on productivity.



The Company also realizes revenue from its subsidiary, The Blackhawk Fund, from existing consulting services and a sale of property.



7. Income Taxes



The Company utilizes the asset and liability method of accounting for income taxes. Temporary differences represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization.



As of September 30, 2006, the deferred tax asset is related solely to the Company's net operating loss carry forward and is fully reserved.


8. Earnings (loss) per share



Basic earnings (loss) per share are computed by dividing the net income (loss) by the weighted-average number of shares of common stock and common stock equivalents (primarily outstanding options and warrants). Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method. The calculation of fully diluted earnings (loss) per share assumes the dilutive effect of the exercise of outstanding options and warrants at either the beginning of the respective period presented or the date of issuance, whichever is later. As of September 30, 2006, the Company's outstanding warrants are considered anti-dilutive.


On July 5, 2005, the Company declared a 1,000 to one reverse stock split of its common stock. All stock numbers presented in the financial statements have been retroactively restated to reflect this reverse split.


9. Use of Estimates



The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the accounting period. Actual results could differ from those estimates.





12
--------------------------------------------------------------------------------



NOTE D - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued


RECENT ACCOUNTING PRONOUNCEMENTS

T he Company adopted SFAS No. 142. Under the new rules, the Company will no longer amortize goodwill and other intangible assets with indefinite lives, but such assets will be subject to periodic testing for impairment. On an annual basis, and when there is reason to suspect that their values have been diminished or impaired, these assets must be tested for impairment, and write-downs to be included in results from operations may be necessary. SFAS No. 142 also requires the Company to complete a transitional goodwill impairment test six months from the date of adoption.

Any goodwill impairment loss recognized as a result of the transitional goodwill impairment test will be recorded as a cumulative effect of a change in accounting principle no later than the end of fiscal year 2002. The adoption of SFAS No. 142 had no material impact on the Company's consolidated financial statements SFAS No. 143 establishes accounting standards for the recognition and measurement of an asset retirement obligation and its associated asset retirement cost. It also provides accounting guidance for legal obligations associated with the retirement of tangible long-lived assets. SFAS No. 143 is effective in fiscal years beginning after June 15, 2002, with early adoption permitted. The Company expects that the provisions of SFAS No. 143 will not have a material impact on its consolidated results of operations and financial position upon adoption. The Company plans to adopt SFAS No. 143 effective January 1, 2003.

SFAS No. 144 establishes a single accounting model for the impairment or disposal of long-lived assets, including discontinued operations. SFAS No. 144 superseded Statement of Financial Accounting Standards No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of" (SFAS No. 121), and APB Opinion No. 30, "Reporting the Results of Operations - Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions". The Company adopted SFAS No. 144 effective January 1, 2002. The adoption of SFAS No. 144 had no material impact on Company's consolidated financial statements.

In April 2002, the FASB issued Statement No. 145, "Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections." This Statement rescinds FASB Statement No. 4, "Reporting Gains and Losses from Extinguishment of Debt", and an amendment of that Statement, FASB Statement No. 64, "Extinguishments of Debt Made to Satisfy Sinking-Fund Requirements" and FASB Statement No. 44, "Accounting for Intangible Assets of Motor Carriers". This Statement amends FASB Statement No. 13, "Accounting for Leases," to eliminate an inconsistency between the required accounting for sale-leaseback transactions and the required accounting for certain lease modifications that have economic effects that are similar to sale- leaseback transactions. We do not expect the adoption to have a material impact to our financial position or results of operations.











13
--------------------------------------------------------------------------------



NOTE D - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

RECENT ACCOUNTING PRONOUNCEMENTS, continued


In June 2002, the FASB issued Statement No. 146, "Accounting for Costs Associated with Exit or Disposal Activities." This Statement addresses financial accounting and reporting for costs associated with exit or disposal activities and nullifies Emerging Issues Task Force (EITF) Issue No. 94-3, "Liability Recognition for Certain Employee Termination Benefits and Other Costs to Exit an Activity (including Certain Costs Incurred in a Restructuring)." The provisions of this statement are effective for exit or disposal activities that are initiated after December 31, 2002, with early application encouraged. We do not expect the adoption to have a material impact to our financial position or results of operations.

In October 2002, the FASB issued Statement No. 147, "Acquisitions of Certain Financial Institutions-an amendment of FASB Statements No. 72 and 144 and FASB Interpretation No. 9," which removes acquisitions of financial institutions from the scope of both Statement 72 and Interpretation 9 and requires that those transactions be accounted for in accordance with Statements No. 141, Business Combinations, and No. 142, Goodwill and Other Intangible Assets. In addition, this Statement amends SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, to include in its scope long-term customer-relationship intangible assets of financial institutions such as depositor- and borrower-relationship intangible assets and credit cardholder intangible assets. The requirements relating to acquisitions of financial institutions are effective for acquisitions for which the date of acquisition is on or after October 1, 2002. The provisions related to accounting for the impairment or disposal of certain long-term customer-relationship intangible assets are effective on October 1, 2002. The adoption of this statement did not have a material impact to our financial position or results of operations as we have not engaged in either of these activities.

In December 2002, the FASB issued Statement No. 148, "Accounting for Stock-Based Compensation-Transition and Disclosure," which amends FASB Statement No. 123, Accounting for Stock-Based Compensation, to provide alternative methods of transition for a voluntary change to the fair value based method of accounting for stock-based employee compensation. In addition, this statement amends the disclosure requirements of Statement 123 to require prominent disclosures in both annual and interim financial statements about the method of accounting for stock-based employee compensation and the effect of the method used on reported results. The transition guidance and annual disclosure provisions of Statement 148 are effective for fiscal years ending after December 15, 2002, with earlier application permitted in certain circumstances. The interim disclosure provisions are effective for financial reports containing financial statements for interim periods beginning after December 15, 2002. The adoption of this statement did not have a material impact on our financial position or results of operations as we have not elected to change to the fair value based method of accounting for stock-based employee compensation.

In January 2003, the FASB issued Interpretation No. 46, "Consolidation of Variable Interest Entities." Interpretation 46 changes the criteria by which one company includes another entity in its consolidated financial statements. Previously, the criteria were based on control through voting interest. Interpretation 46 requires a variable interest entity to be consolidated by a company if that company is subject to a majority of the risk of loss from the variable interest entity's activities or entitled to receive a majority of the entity's residual returns or both. A company that consolidates a variable interest entity is called the primary beneficiary of that entity. The consolidation requirements of Interpretation 46 apply immediately to variable interest entities created after January 31, 2003. The consolidation requirements apply to older entities in the first fiscal year or interim period beginning after June 15, 2003. Certain of the disclosure requirements apply in all financial statements issued after January 31, 2003, regardless of when the variable interest entity was established. We do not expect the adoption to have a material impact to our financial position or results of operations.




14
--------------------------------------------------------------------------------



NOTE D - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

RECENT ACCOUNTING PRONOUNCEMENTS, continued


In April 2003, the FASB issued Statement of Financial Accounting Standards (SFAS) No. 149, Amendment of Statement No. 133 on Derivative Instruments and Hedging Activities. SFAS 149 amends SFAS No. 133 to provide clarification on the financial accounting and reporting of derivative instruments a nd hedging activities and requires that contracts with similar characteristics be accounted for on a comparable basis. The provisions of SFAS 149 are effective for contracts entered into or modified after June 30, 2003, and for hedging relationships designated after June 30, 2003. The adoption of SFAS 149 did not have a material impact on our results of operations or financial position.

In May 2003, the FASB issued SFAS No. 150, Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. SFAS 150 establishes standards on the classification and measurement of certain financial instruments with characteristics of both liabilities and equity. The provisions of SFAS 150 are effective for financial instruments entered into or modified after May 31, 2003 and to all other instruments that exist as of the beginning of the first interim financial reporting period beginning after June 15, 2003. The adoption of SFAS 150 did not have a material impact on our results of operations or financial position.


NOTE E - FAIR VALUE OF FINANCIAL INSTRUMENTS


The carrying amount of cash, prepaid expenses, notes receivable, accounts payable, accrued liabilities and notes payable, as applicable, approximates fair value due to the short-term nature of these items. The fair value of the related party notes payable cannot be determined because of the Company's affiliation with the parties with whom the agreements exist. The use of different assumptions or methodologies may have a material effect on the estimates of fair values.


NOTE F - RELATED PARTY TRANSACTIONS


The Company pays consulting fees to entities owned by two senior officers and directors of the Company for management services rendered to Palomar and to The Blackhawk Fund. During the nine month periods ended September 30, 2006 and 2005, the Company paid $618,607 and 197,000 respectively. The company is also a 50% joint venture partner with one of its shareholders in property. All expenses are divided equally


NOTE G - INCOME TAXES


As of December 31, 2005 the Company had a net operating loss carryforward of approximately $9,230,000 to offset future taxable income. These carryforwards expire in 2019 to 2024. Other than the increase in the valuation allowance the company’s income tax expense (benefit) for the year ended December 31 2005 did not differ from statutory rate.


NOTE H - PROPERTY


Property and equipment consisted of the following at September 30, 2006:


Building $ 1,395,612
Office equipment 25,802
Buildings Held For Sale 1,743,583
Less: Accumulated depreciation (73,418)
Property & equipment, net $ 3,091,579





15
--------------------------------------------------------------------------------



Assets are being depreciated from five to forty years using the straight line method, with the exception of buildings held for sale which are not being depreciated..


NOTE I - NOTES PAYABLE AND BANK LINE OF CREDIT


Notes payable and bank line of credit at September 30, 2006 are comprised of the following:


Note payable to lending institution, original balance of $980,000, interest at 7.5% per annum.
Requires monthly principal and interest payments of 6,852 through 2034. Collateralized by building. $ 813,520


Convertible debentures payable to investor group, original balance interest at 6% per annum,
interest payable quarterly. Convertible at maximum monthly amounts, balance no later than March 2009 1,310,500


Credit line from a bank up to $500,000 interest only at one per cent over prime 307,489


Promissory note to a bank, amortized over 30 years interest at 7.875% interest only for ten years,
collateralized by property 496,000


Promissory note assumed in conjunction with property interest only at 7.85% a mortized over 30 years 1,000,000


Convertible debentures payable to investor group, interest at 8% per annum, interest p ayable quarterly.
Principal and accrued interest are convertible at any time at a rate o f 80% of their average three lowest
closing bid prices of the twenty trading days i mmediately preceeding the conversion, limited to a maximum
of 4.99% of the total o utstanding common stock on the date conversion. Principal was due July and
August 2005. 3 25,000

T otal 4,252,509
Less current portion 2,153,459
Long term 2,099,050




NOTE J - COMMON STOCK TRANSACTIONS


During the nine months ended September 30 2006 the Company issued 13,122,885 shares of its common stock. Of the total, 7,630,000, were issued for services at prices between .0065 cents and .025 cents with the balance pursuant to stock subscription agreements.


NOTE K- LEASES

Our lease in Cardiff, California costs $875 per month. Our lease for a copier is at $445 per mon th.







16
--------------------------------------------------------------------------------



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.


FORWARD-LOOKING INFORMATION


Much of the discussion in this Item is "forward looking" as that term is used in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Actual operations and results may materially differ from present plans and projections due to changes in economic conditions, new business opportunities, changed business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the Securities and Exchange Commission.


There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to general economic, financial and business conditions, changes in and compliance with governmental laws and regulations, including various state and federal environmental regulations, our ability to obtain additional financing from outside investors and/or bank and mezzanine lenders and our ability to generate sufficient revenues to cover operating losses and position us to achieve positive cash flow.


Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-QSB to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of its public disclosure practices.


Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes contained in Item 1 of Part I of this Form 10-QSB, as well as the financial statements in Item 7 of Part II of our Form 10-KSB for the fiscal year ended, December 31, 2005.


MANAGEMENT'S PLAN OF OPERATIONS.


CURRENT BUSINESS PLAN


Our current business plan is buying, renovating and selling residential real estate properties, residential real estate sales, and mortgage brokerage services. As part and parcel of that we also look for land opportunities and development. We currently employ three full time employees. We also have six full time licensed real estate agents and licensed mortgage brokers.


RESULTS OF OPERATIONS:


Three months ended September 30, 2006 compared to the three months ended September 30, 2005:


Total revenue was $233,461 for the three months ending September 30, 2006 compared to $ 142,194 for the prior period. This represents an increase of 39.1 percent.


Our gross profit for the three months ended September 30, 2006 compared to 2005 decreased to $42,117 from $46,182.


Gross margin percentage of sales was 1.8 percent in 2006 compared to 32.5 percent in 2005.


Total operating expenses for the three months ended September 30, 2006 were $773,652 compared to $443,778 for the same period in 2005.


Net loss for the period ending September 30, 2006 was $(757,570) compared to a net loss for the prior period in 2005 which was$(395,868). This represents a increase in net loss of $($361,702) for the period ending September 30, 2005 that represents a increase of approximately 98 percent.


17
--------------------------------------------------------------------------------





Interest expense, net for the three months ending September 30, 2006 was $27,238 The interest expense for the prior period in 2005 was $29,218. This represents a decrease of $1,980 which is a decrease of approximately 7 percent for 2006.


Nine months ended September 30, 2006 compared to the nine months ended September 30, 2005.


Total net sales and revenues were at $612,177 for the nine months ended September 30, 2006 compared to $427,577 for the prior period, a increase of 30 percent.


Our gross profit for the nine months ended September 30, 2006 compared to 2005 increased to $222,253 from $109,980 Gross margin as a percentage of sales increased to 36 percent in 2006compared to 26% in 2005.


Total operating expenses for the nine months ended September 30, 2006 were $1,931,969 compared to 2005, which were $1,655,312.


Net loss was ($1,828,122) for nine-month period ending September 30, 2006, compared to a loss of ($1,297,626) for the same period in 2005.


Interest expense, net for the nine months ended September 30, 2006 was $126,533 compared to 80,421.


LIQUIDITY AND CAPTIAL RESOURCES:

As of September 30, 2006 we had a deficiency in working capital of $1,816,421.

Cash used by investing activities totaled $623,461, used for property, plant and equipment for the nine months ending September 30, 2006.


CRITICAL ACCOUNTING POLICIES

The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements, we believe the following critical accounting policy involve the most complex, difficult and subjective estimates and judgments.


STOCK-BASED COMPENSATION

In December 2002, the FASB issued SFAS No. 148 - Accounting for Stock-Based Compensation - Transition and Disclosure. This statement amends SFAS No. 123 - Accounting for Stock-Based Compensation, providing alternative methods of voluntarily transitioning to the fair market value based method of accounting for stock based employee compensation. FAS 148 also requires disclosure of the method used to account for stock-based employee compensation and the effect of the method in both the annual and interim financial statements. The provisions of this statement related to transition methods are effective for fiscal years ending after December 15, 2002, while provisions related to disclosure requirements are effective in financial reports for interim periods beginning after December 31, 2002.

We elected to continue to account for stock-based compensation plans using the intrinsic value-based method of accounting prescribed by APB No. 25, "Accounting for Stock Issued to Employees," and related interpretations. Under the provisions of APB No. 25, compensation expense is measured at the grant date for the difference between the fair value of the stock and the exercise price.


18
--------------------------------------------------------------------------------



RECENT ACCOUNTING PRONOUNCEMENTS

In November 2004, the Financial Accounting Standards Board (FASB) issued SFAS 151, Inventory Costs- an amendment of ARB No. 43, Chapter 4. This Statement amends the guidance in ARB No. 43, Chapter 4, "Inventory Pricing," to clarify the accounting for abnormal amounts of idle facility expense, freight, handling costs, and wasted material (spoilage). Paragraph 5 of ARB 43, Chapter 4, previously stated that "under some circumstances, items such as idle facility expense, excessive spoilage, double freight, and rehandling costs may be so abnormal as to require treatment as current period charges." This Statement requires that those items be recognized as current-period charges regardless of whether they meet the criterion of "so abnormal." In addition, this Statement requires that allocation of fixed production overheads to the costs of conversion be based on the normal capacity of the production facilities. This Statement is effective for inventory costs incurred during fiscal years beginning after June 15, 2005. Management does not believe the adoption of this Statement will have any immediate material impact on the Company.

In December 2004, the FASB issued SFAS No.152, "Accounting for Real Estate Time-Sharing Transactions-an amendment of FASB Statements No. 66 and 67" ("SFAS 152) The amendments made by Statement 152 This Statement amends FASB Statement No. 66, Accounting for Sales of Real Estate, to reference the financial accounting and reporting guidance for real estate time-sharing transactions that is provided in AICPA Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions. This Statement also amends FASB Statement No. 67, Accounting for Costs and Initial Rental Operations of Real Estate Projects, to state that the guidance for (a) incidental operations and (b) costs incurred to sell real estate projects does not apply to real estate time-sharing transactions. The accounting for those operations and costs is subject to the guidance in SOP 04-2. This Statement is effective for financial statements for fiscal years beginning after June 15, 2005 with earlier application encouraged. We do not anticipate that the implementation of this standard will have a material impact on its financial position, results of operations or cash flows.

On December 16, 2004, the Financial Accounting Standards Board ("FASB") published Statement of Financial Accounting Standards No. 123 (Revised 2004), Share-Based Payment ("SFAS 123R"). SFAS 123R requires that compensation cost related to share-based payment transactions be recognized in the financial statements. Share-based payment transactions within the scope of SFAS 123R include stock options, restricted stock plans, performance-based awards, stock appreciation rights, and employee share purchase plans. The provisions of SFAS 123R are effective as of the first interim period that begins after June 15, 2005. Accordingly, the Company will implement the revised standard in the third quarter of fiscal year 2005. Currently, the Company accounts for its share-based payment transactions under the provisions of APB 25, which does not necessarily require the recognition of compensation cost in the financial statements. Management is assessing the implications of this revised standard, which may materially impact the Company's results of operations in the third quarter of fiscal year 2005 and thereafter.

On December 16, 2004, FASB issued Statement of Financial Accounting Standards No. 153, Exchanges of Nonmonetary Assets, an amendment of APB Opinion No. 29, Accounting for Nonmonetary Transactions ("SFAS 153"). This statement amends APB Opinion 29 to eliminate the exception for nonmonetary exchanges of similar productive assets and replaces it with a general exception for exchanges of nonmonetary assets that do not have commercial substance. Under SFAS 153, if a nonmonetary exchange of similar productive assets meets a commercial-substance criterion and fair value is determinable, the transaction must be accounted for at fair value resulting in recognition of any gain or loss. SFAS 153 is effective for nonmonetary transactions in fiscal periods that begin after June 15, 2005. We do not anticipate that the implementation of this standard will have a material impact on its financial position, results of operations or cash flows.


OFF-BALANCE SHEET ARRANGEMENTS.

We do not have any off-balance sheet arrangements.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES OF MARKET RISK

None


ITEM 4. CONTROLS AND PROCEDURES.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our principal executive and financial officers, as appropriate to allow timely decisions regarding required disclosure.

Evaluation of Disclosure and Controls and Procedures. As of the end of the period covered by this Quarterly Report, we conducted an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of our disclosure controls and procedures (as defined in Rules 13a-15(e) of the Exchange Act). Based on this evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

Changes in Internal Controls Over Financial Reporting. There was no change in our internal controls, which are included within disclosure controls and procedures, during our most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal controls.


PART II - OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS.


None.


ITEM 1A. RISK FACTORS


In addition to the other information set forth in this report, you should carefully consider the risks and other factors set forth and discussed in our Annual Report on Form 10-KSB for the year ended December 31, 2005 and our initial registration statement on Form SB-2, which could materially affect our business, financial condition or future results. Our projected risks, as outlined in both our Annual Report and registration statement on Form SB-2 have not substantially or materially changed and are, therefore, not restated here. These risks may not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.


None.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.


None.


ITEM 5. OTHER INFORMATION


None
ITEM 6. EXHIBITS.

EXHIBIT <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
NUMBER DESCRIPTION OF EXHIBIT

31.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002.


31.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.302 of the Sarbanes-Oxley Act of 2002


32.1 Certification of Chief Executive Officer, pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.


32.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Sec.1350, as adopted pursuant to Sec.906 of the Sarbanes-Oxley Act of 2002.








SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


PALOMAR ENTERPRISES, INC.
Dated: November 10, 2006
By /s/ Steve Bonenberger
Steve Bonenberger, President, Chief
Executive Officer and Director


By: /s/ Brent Fouch
Brent Fouch, Treasurer, Chief
Financial Officer and Director






EXHIBIT 31.1


CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002


I, Steve Bonenberger, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Palomar Enterprises Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

(a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

(b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and

(c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize, and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.


Dated: November 10, 2006

/s/ Steve Bonenberger
By: Steve Bonenberger, President, Chief Executive Officer, and Director









EXHIBIT 31.2


CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002


I, Brent Fouch, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Palomar Enterprises Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

(a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

(b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and

(c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize, and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Dated: November 10, 2006

/s/ Brent Fouch
By: Brent Fouch, Treasurer, Principal Accounting Officer and Director









EXHIBIT 32.1


CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Palomar Enterprises Inc., a Nevada corporation (the "Company"), on Form 10-QSB for the period ended September 30, 2006, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Steve Bonenberger, President, Chief Executive Officer and Director of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.


Dated: November 10, 2006

/s/ Steve Bonenberger
By: Steve Bonenberger, President, Chief Executive Officer and Director









EXHIBIT 32.2


CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Palomar Enterprises Inc., a Nevada corporation (the "Company"), on Form 10-QSB for the period ended September 30, 2006, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Brent Fouch, Treasurer, Principal Accounting Officer and Director of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.


Dated: November 10, 2006

/s/ Brent Fouch
By: Brent Fouch, Treasurer, Principal Accounting Officer and Director

[Ationrschulze]

Antwort auf Beitrag Nr.: 27.264.091 von SlayGrosswildjaeger am 29.01.07 00:41:04

In dem einen Quartal ( 3 Monate ) 30.06.-30.09.2006 haben sie als Dach/Muttergesellschaft ( Bilanzen der einzelnen Assets sind in der BWA nicht konsolidiert mit Mutter ) gemacht, das stimmt.

1) Bitte schau Dir mal die Jahresergenbisse an !
2) Konsolidiere mal die Töchter ( 100%tige Beteiligungen ) wieder dazu und das EPS liegt positiv bei 1,05 USD pro Aktie !!!

Quelle: www.bigcharts.com : detailed Quote !!!

Dann mußt Du Dein Ergebnis ( ... die machen nur Verluste... ) revidieren !!!

Habe mir das alles vorher genau angesehen, ehe ich hier eingestiegen bin !!!

Wer nicht kauft ist selber Schuld !!!

[tamok11]

Antwort auf Beitrag Nr.: 27.266.360 von Ationrschulze am 29.01.07 08:10:35

moin schulzeeeeeeeee,
was geht heute?
machste gleich noch nen thread auf, gell.

[Ationrschulze]

Antwort auf Beitrag Nr.: 27.264.091 von SlayGrosswildjaeger am 29.01.07 00:41:04

Und Du hast Dir auch nur die: Cash flows from operating activities herausgesucht !!!

Hier wurden aber auch Immobilien An- und Verkauft. Diese Bestandsgewinne ( Spekulationsgewinne/Bilanzgewinne ) fehlen völlig in den BWAs !!!

Also, das ist wieder das Thema : vorläufige Zahlen ( Ohne Substanzgewinne in der Aktiva )

Und das sich dort was getan hat siehst Du an der Meldung zum Black Hawk Fonds, z.B.

2 Mio USD Einnahmen in 2 Monaten nur dort !!!

[Ationrschulze]

Antwort auf Beitrag Nr.: 27.266.408 von Ationrschulze am 29.01.07 08:18:05

Palomar Enterprises Conservatively Estimates Revenues At or Above $7.5 Million for 2007


CARLSBAD, Calif., Jan. 29 /PRNewswire-FirstCall/ -- 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.
"Our tremendous growth is being fueled by our real estate businesses
that exists within Palomar Enterprises as well as our wholly-owned
subsidiary, The Blackhawk Fund (OTC Bulletin Board: BHWF). We expect this
kind of growth to increase significantly over the next 3 to 5 years,"
commented Brent Fouch, CFO of Palomar Enterprises.
The Blackhawk Fund, (OTC Bulletin Board: BHWF) now has a number of real
estate projects in the works, and, being that Blackhawk is a wholly-owned
subsidiary of Palomar, revenues that Blackhawk generates will add to
Palomar\'s bottom line. The partnership of Maximum Impact Television Group
(http://www.maximpacttv.com), will add additional revenue streams, which could
exceed $5M to Blackhawk, which will also apply to Palomar Enterprises.
"Our plans of growth through a variety of businesses in Blackhawk will
reflect very positively on Palomar\'s bottom line over the next few years.
The dividends of Blackhawk stock paid to Palomar Enterprises\' shareholders
will add even more shareholder value for those that own Palomar\'s stock. We
will expand the dividend program as we spin businesses out of Blackhawk out
into their own publicly traded entities. Again, all of these dividends will
be paid to Palomar\'s shareholders," said Brent Fouch, CFO of Palomar
Enterprises.
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.
[e-mail]
http://www.palomarenterprises.com
775-887-0670



SOURCE Palomar Enterprises

Wer nicht kauft ist selbst Schuld !!!

[Schnatzi]

Antwort auf Beitrag Nr.: 27.281.514 von Ationrschulze am 29.01.07 20:44:05

Die News sind gestern nachbörslich raus oder.?

[tortenboxer07]

Antwort auf Beitrag Nr.: 27.289.413 von Schnatzi am 30.01.07 09:37:40

nein, 2 stunden vor feierabend.

[Ationrschulze]