ParaFin Corporation (PFNO)

[vog-very old geezer]

In my reading of the company data

they have issued prefferred shares equal to the face value

of the tendered bearer bonds, so this value cannot be

attributed to increase the value of the common stock.

The common has two things going for it:

1. They may be entitled to some or all of the value of

the interest due on the bearer bonds.

2. If the value of the bearer bonds holds up, the company

will have a huge increase in working capital to invest in

their oil properties which should enhance the value of the

common stock.

THAT SAID the past history of this company is nothing to

write home about..so good luck.. and CAVEAT EMPTOR,,,

we may have something great or more empty promises