Elray Resources Inc (ELRA)

[surgeon_general]

I'm considering buying stock in this company. The recent CEO letter makes this company sound like a potential goldmine. But I can't figure out why the market cap is only $600,000. I read the stickies, the last 3 days' posts, and the latest news, and I don't understand.

I come in peace. I just would appreciate if somebody would explain to me why this company is for real. The CEO is claiming to already have 10s of millions of dollars in revenues, with lots more on the way. It also sounds like a decent amount of that revenue is going to be profit. But if that's for real, why wouldn't people be buying these shares up like crazy at this price?

Thank you for your time.