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Canadian Stocks/Parflo Mines & Energy Corp stocks

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Question
We have stocks purchased in 1989 for the above and purchased from Durham Securities...do you know anything about these companies and if the stocks are worth keeping or if they are now worthless...unable to locate info on either of them.

Answer
Jan, from the information I have available, the shares have no current value. Parflo went through several name changes and reverse splits and ended as Racad Technologies, which was suspended, delisted and cease-traded. That cease-trade order remains in effect.

Durham was one of the notorious Ontario penny stock dealers that were finally shut down and thrown out of the business permanently for defrauding their own customers by rigging stock prices. Once they sold the artificially inflated shares to their clients, they stopped supporting them and the stock prices collapsed.  

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