Replies to post #1825 on ParaFin Corporation (PFNO)

[NJ_TOAD]

So it looks like were in the right place at the right time then ;)


hehe))))))

[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

[Slojab]

Makes you wonder why there's a float at all, huh? Why haven't the company officers bought them all up?

Or the guys doing the research on their authenticity?

[muaythai]

$5.72 is the value of the preferred shares given an o/s of 804mil. The true value of the prefered shares is %3.70 at an o/s of 978mil.The value of our common stock will be the developement of the oil field that the bond interest is ear marked to develope.500 million barrels of proven recoverable oil @ $80 a barrel is worth 40bil.That equates to a pps of around $35 IF the bonds , and the management , and the developement all fall into place.It doesn't take a truck load of Aggies to realize that a $2000 position here is worth the roll of the dice friend.GLTA