ParaFin Corporation (PFNO)

[BeamMeUpScotty]

Let's correct what you've been saying here, so you're not misleading anyone, and maybe present a more accurate and rounded picture of the position that Sid is in with regard to the bonds. Below is my analysis and my understanding of where the redemption of the bonds by ING is at. This is my interpretation of the same facts that you have.

I've also spoken to Sid since you spoke to him and he told me the same thing - that Sid is waiting for the final go ahead from his attorneys - that everything is ready to sign and that a final settlement is fully agreed. If you extrapolate what Sid is telling you by saying that - here's what it means - ING has finally admitted that they are liable to honour the bonds, that they are genuine, and that they are liable to redeem them in cold hard cash! So the next thing is, to work out a settlement i.e. how much money ING is going to pay Sid. That is what they are finalising at the moment.

These things never go as planned. When I first spoke to Sid which I think was about December some time last year, just after his wife died, his target he was hoping for was to get the bonds monetised by July of this year. However, the best laid plans never go exactly as you expect them to. I had called him on that occasion to express my condolences on the recent loss of his wife to Cancer. Now I remember, that was early this year and he said he was surrounded by his children and his grandchildren over the Christmas and New Year holidays who made sure he was not left alone, as they rallied round him. I was very glad to hear that, as my mother lost my father just after 50 years of marriage as well, so we had something in common immediately, and spoke about that kind of stuff for a good few minutes.

I believe what he said to you was pretty much the same - that he was waiting for the final go ahead that the negotiations had been completed and he could go to the Netherlands to settle the redemption of the bonds by ING. That is all he has said to either of us.

I'm guessing that 97-99% of the negotiations have been completed. However, Sid is not going to literally fly half way round the world, just to have to go back two weeks later to finally, finalise everything. It does not make economic sense for anyone to do that when such huge distances to travel are involved.

He would rather ensure that everything is agreed and a final settlement is agreed before he goes, rather than have to make two trips of that distance in a very short space of time.

If Sid had not gotten the authorities involved in this whole matter, and done things like gotten Gerald LaPorte to prepare his report, which clearly states the bonds are real, ING would not have even started to talk to him as it was their assertion that all bonds issued in that series (by them - ING) were fake. This is clearly not the case.

Geral LaPorte, is a world renown expert in this field. Sid could not have gotten anyone better to review the bonds and perform the various forensic tests that LaPorte performed on them to come to the conclusion that the bonds were real, and that ING was lying! When someone like LaPorte can put a document under that kind of forensic scrutiny and come back and say it's genuine, then that's a big deal in my view. A very big deal indeed!

I have said it recently and will say it again, Sid will only give us what information he is allowed to. He states that every time I call him, clearly. Please note, if Sid was going to give up he would have given up when ING fraudulently told HSBC to destroy one of the bonds. He didn't instead he brought a law suit against HSBC and of course ING.

If Sid was going to give up he would not have been able to convince Ergoconzept that bonds were indeed genuine, so much so that Ergoconzept also decided to fund a legal action in Europe!

If Sid was going to give up he would have done when he had his stroke, he didn't, or he would have given up when his wife died, he didn't.

The only thing that saddens Sid about this is that his wife and soul mate of many years and the love of his life, will not be able to enjoy the conclusion of this matter with him.

All of the above to me shows determination and conviction to see this matter through at great personal cost to him, no matter what.

So when Sid told you and me he was waiting for the final go ahead that everything was ready to sign what he meant was that a final settlement is very close indeed, if not imminent. He could have even gotten a telephone call today that everything was done and it was time to go to the Netherlands. I believe that is how close he is to finalising this matter.

Good luck in whatever you decide to do. I'll be holding all of my shares, and looking forward to reading that press release, when it comes out - and it will do.

Some people have been here a lot longer than me and were it not for them and their excellent DD, I'd never have started reading this board, and come to understand as much about this issue from reading their posts as I have been able to.

In particular, I am indebted to Griffter, Alienz and Below Me.

Good luck.