EARLY TO THE PARTY

[DoublePlusGood]

PFNO analysis & DD with links.


248,105,952 shares traded the week of May 19th 4x the volume of previous week of May 12th which traded 61,500,372. On Friday 5/23 before a holiday weekend PFNO closed above the 50 moving average. Friday's 5 day RSI showed 84.17 power zone. Chaikin Money Flow shows good accumulation going back many weeks. There are very few shares between the trips no more than 40 mil which means once this thing gets going this can move fast.

1/3rd of all shares are owned by Ergokonzept a German company which is in the process of a friendly takeover of PFNO. Ergokonzept wants PFNO for it's 3 billion dollars+ worth of bonds. ING the bond issuer refused to pay the bonds. PNFO did not have the money to fight them in court Ergokonzept does. According to their prospectus Ergokonzept made a gross profit of 245,000,000 Euros in 2013. Ergokonzept is a subsidiary of an even larger company Resource Development Group.



Proof of plans to own PFNO from Ergokonzept's website

http://www.ergokonzept.de/index.php/en/merchandising-promotion/international-activities

Prospectus

http://www.scribd.com/doc/218223476/Ergokonzept-Admission-to-GXG-First-Quote

Lawsuit in Frankfort against ING

http://www.parafincorp.com/downloads/PFNOvsINGengl.pdf

So why is PFNO running now?

Answer: Ergokonzept has stated it plans to buy another 3 billion shares once it is listed on the Danish-British GXG exchange. It is believed this will happen in June or early July.

Been watching this one since Monday we've pretty much run the .0003's and will be starting on the .0004's Tues. This is still below the radar of most on I-hub but interest is growing.