Replies to post #2747 on ParaFin Corporation (PFNO)

[slazenger7]

I would agree with you that there is a problem. I would advise peeps to be cautious here. I originally was hoping their could be some validity to the bonds. I have not been able to confirm anything about them. I have tried to contact the company several times in the last few days. I have not had any of my phone calls returned. That is not a good sign.

[PENNIEStoSTACKS]

QUESTION IS, Why would someone buy $6M of PFNO's COMMON, Could it be they have seen the BONDS and believe them to be real as well?

PARAFIN CORPORATION
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
UNAUDITED (Prepared by Management)
SEPTEMBER 30, 2009
NOTE 1.
The Company issued 3,630 Preferred Shares in reliance upon Regulation "s" (and be subject to Restriction 144 of the
United States Securities and Exchange Commission), an exemption from the registration requirements of the Act for
offers and sales of securities made solely outside the United States of America to persons who are not "U.S. persons"
(as defined in Rule 902(0) of Regulation "S"). The Shares were issued January 8, 2008 and may not be offered or
sold in the United States or to any "U.S. Person" during the "restricted period", or whatever other hold period as
maybe or is designated for 144 by the SEC, which will commence upon issuance of the Shares. The subscriber paid
for the Series "A" Preferred Shares by delivering to the Company 2,400 5.5% ING EURO BEARER BONDS DATED FOR REDEMPTION JUNE 16,2010, each Bearer Bond having a face value of 1,000,000 Euros. ING is disputing the Corporation's right to own the said Bonds and their validity. The Corporation is of the opinion that its ownership and posession of the said Bonds is valid. The Corporation is in the process of validating its claim.