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Joe hasn't ever lied to us though. He's just slow about getting info out.
A good read about why this stock will climb back up.
NEW YORK LONDON, Oct 22 (Reuters) - Oil fell below $70 a barrel on Wednesday, pressured by a gloomy outlook for the global economy that could limit the impact of any supply cuts OPEC might agree at a meeting on Friday. Falls in European stock markets, plus the U.S. dollar's rise to a 2-year high against a basket of currencies added to pressure on oil and other commodities. U.S. crude for December delivery was down $2.79 at $69.39 by 1135 GMT.
Last week the price fell to $68.57, its lowest since June 2007 and less than half a record high in July. London Brent crude was down $2.35 at $67.37. "People are just scared that the economy is going down the tube," said Tony Nunan, assistant manager of risk management at Mitsubishi Corp in Tokyo. "There is a feeling that we are now going to see problems in the real economy; employment, real estate prices will continue to fall and the big concern now is how much economic growth is going to suffer." Oil has been tracking downward moves in global equity markets, which have been reacting to increasing evidence of a global slowdown. "The relationship between oil and equities could be tested by any decision by OPEC to reduce production at this week's meeting," said Frances Hudson, global thematic strategist at Standard Life Investments. "But the current feeling is that falling demand will outweigh the impact of a production cut." The price of oil has more than halved from a record high above $147 in July as the financial crisis has started to hit energy demand in the United States, the world's largest energy consumer, and other industrial countries. EMERGENCY MEETING The Organization of the Petroleum Exporting Countries called an emergency meeting this Friday, when the producer group is widely expected to agree to cut supply to defend prices. Nigerian Oil Minister Odein Ajumogobia said on Wednesday the OPEC member would be comfortable with oil at $80 a barrel, but a cut in its output was not in its best interests. OPEC Secretary General Abdullah al-Badri has said that the world would face a huge oversupply of oil next year, if production continued at current rates. Badri is in Moscow where he is due to meet Dmitry Medvedev, president of Russia, which is the world's second largest oil exporter after Saudi Arabia. Other top OPEC officials have called on Russia this week to join OPEC in cutting production. Badri said he would not ask Russia for a cut. Russia's ministry of energy is considering creating an oil production reserve to influence global prices, Deputy Prime Minister Igor Sechin said. More evidence of mounting global supplies is expected to emerge later on Wednesday, when the U.S. government publishes weekly statistics on oil inventories. U.S. crude oil stocks are expected to have risen by 2.6 million barrels last week, according to a Reuters poll of analysts. A 100,000 increase in distillate stocks and a 2.8 million barrel build in gasoline inventories is also expected in the data. (Additional reporting by Fayen Wong; editing by James Jukwey) Keywords: MARKETS OIL Chuck Mikolajczak cm COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
I heard about that too!
well I mean Trustcash was a pump and dump. They had some company sending out mail about them and spamming peoples e-mails.
I'm still watching and waiting. I want to see some higher volume on this one before I jump in. I don't want to get caught up in another pump n dump penny stock that goes from .10 to .0001
Load up guys! Atleast we can look forward to this:
Energy Dept. expects crude price average of $126 for 2009Font size: A | A | A10:27 AM ET 10/7/08 | Marketwatch
SAN FRANCISCO (MarketWatch) -- Crude prices will likely average $126 per barrel in 2009, according to a monthly report from the U.S. Energy Department's Energy Information Administration released Tuesday. "Declines in U.S. oil consumption are not expected to be as large in the second half of this year due to both relatively weak consumption in the second half of last year and the price declines over the past several months," it said. It expects natural-gas demand to rise by 2.7% in 2008 and by 2.2% in 2009.
So is the pumping on this stock over? By the way can you short this stock?
LOL! Maybe Trustcash can get a loan now...
Ahhhh! I see now. Don't we feel dumb.
You know, before yesterday I had never heard of Trucall. Now there a sub company of us? Now that's some fast management. Next thing you know there gonna say were merging with someone. lol
I'm all for pumping a stock, but you can pump this one and be honest too. Scaming people to make a quick buck is not many of the people on this boards goal. Now if we all want to go in and buy up a bunch of this stock we can. There's only like 93,000,000 oustanding shares. So at .0012 which is about where this thing has level'd. It could be bought up for $111,600.00. I say some steady buyinh into this and it could be pushed back up to .02
They should! Aren't they supossed to be sharing an office according to press releases from Paivis a while back ago.
The one good thing that we got going for us right now is Trustcash is pumping out PR's again. As to if they are really getting anything done? I don't know.
Well atleast one thing about Paivis is this. Looks like they have a history of running there companies into the ground. The good news is once they use that shell up and the price goes to nothing they change there name and start a new buisness shell and make great promises again. So maybe all this toilet paper stock i'm holding onto will transfer into something and I can get rid of it for more than pennies on the dollar that I paid for it. But seriously! Who's believing anything about this Thursday stuff?
Actually the wells that they have a working interest in are producing a far greater amount of oil. When you take out there percentage it comes out to being about the same production numbers as they wells that Mammoth has drilled. Joe basically just got his revenue a jumpstart instead of waiting on the well to be drilled. I'm very happy with that decision. Plus if we are working this well with another company it puts us in a good postion for a merger.
This thing doesn't have any legs. They got chopped off after all the investors they have burned cut them off!
Well I finally got an extention number for trustcash. 1800-975-5196 Ext. 2885 Maybe one of you can get some answers out of these scammers. I haven't had any luck still.
Aren't .com's viewable to the whole world? As far as I know they are.
That's really kind of old news. Best thing IMO Paivis could do is cut the deal with trustcash, and try and find a different partner to merge with.
I've been calling both companies daily and not getting any kind of response. They won't answer the phones and they wont return my calls.
As long as they don't start diluting. Which if they don't then they sound like a top notch bet.
Anyone else able to get a response out of these clowns? The trustcash investor relations line is no longer a working number, and Trustcash's extention doesn't exist on theres. I've even left messages on trustcashes operator extention to return my call and they won't respond. I live in Montgomey, AL. Only a few hours away from these clowns, and I have a 3 day weekend coming up in two weeks. I may have to take a trip and go banging on the doors. If there are even any doors to bang on.
Willie getting drunk and posting on the Ihub is a bad idea...
Anyone else see how much stock the Trustcash CEO has purchased? 2,500,000 and 10,000,000 at $.01 a share. That's $125,000. His Salary is only $60,000. What in the world is this scam artist up to? I'm watching him in hopes to strike big on his next scam. I've learned to short anything with his name invovled.
Well atleast they did say the middle of August and not the 15th didn't they? There might be atleast some glimmer of hope.
It's gotta be the neked shorties!!!
Same reason the trading volume is dead! No one really cares about this thing anymore. The only ones of us that do care are just waiting to see if anything happens.
Ya1 I just actually got off the phone with etrade to put in a massive order. I'm speculating Monday or Tuesday to be huge!
I'm really would like to see a PR soon myself. I'm almost starting to get worried that they are stalling b/c they were unsuccessful with there first dig. That could happen couldn't it? I'm still kind of new to penny stocks.
Anyone else think we are about to head to the .000?'s
At this point in time why in the world would anyone want to hype Paivis?
That's a freakin joke. I guess someone on the short bus must have forgot to wear there helmet, and fell and hit there head. Because retarded is the best I can come up with for both of these companies.
Has anyone else been able to find a filling with the SEC about the share count now? I'm not sure in pinks have to with that, but I would think they do. Can anyone help me with this?
I've been wondering that myself. I couldn't find any stock symbol for that Detroit company? Has anyone else been able too? Also, in the SEC fillings I haven't found anything to confirm the closing of those mergers. Maybe I overlooked it, but has anyone else found anything. And last, Paivis so much isn't who i'm worried about. It's the CEO of Trustcash Kent Carasquero. He's borrowing a ton of money that most all is due back in August and October of this year.So far he has borrowed $375,000.00 from Mistral which he I believe is also CEO of. And with Paivis As of March 31, 2008 , the balance of the loans receivable, related party is $150,000. So that right there is $525,000 that is due both at a 10% interest rate by October. So they have to have money for this merger. If not than I have no Idea why?
Hey! I found a cool series of videos on youtube.com about drilling and what all is prob. going on with this company as they are drilling.
Here ya go folks! Let's be heard!
Kent Carasquero, Chief Executive Officer
475LenoxRoad,Suite400,Atlanta,Georgia30326 (Address of principal executive offices)
(604)725-4160
(Registrant's telephone number, including area code)
Contacts: Paivis, Corp.Edwin KwongInterim Chief Executive
OfficerPhone: 404-601-2885
www.paivis.com Contact Trustcash Investor
RelationsCharles Moskowitz 781-826-8882 www.trustcash.com
Isn't the CEO of Trustcash also the CEO of Mistral?
We are all share holders Dallas66. There is plenty we can do. 1. Go to the SEC. 2. We could all make it a priority to call both companies DAILY to exspress our dissapointments. 3. Threaten to join together and make a class action lawsuit if this merger doesn't go through. Especially now that they have said that they have funds for the merger.
I know it's all a long shot, but I also know me and a lot of other people on this board have lost A LOT of money b/c of these two companies.
Wish we could see PAIVIS do that!!!
So I guess no one else want's to team up with me and start to pressure these companies. All I know is that I want answers. I think we all deserve them.