Elray Resources Inc (ELRA)

[Sibware]

Friday was the day Noteholders were selling their converted shares.

It is written black and white in the filings, when you know how the Toxic Financiers are operating...

why the notes holders are selling at these prices if they can sell over a penny in the short term??

When any toxic Financier gets his converted shares, he wants to sell them right away 99% of the time because of the Death Spiral effect of that kind of Financing...

Moreover, there are so many Conversion dates in ELRA, that if they wait, the other Toxic Financier will sell their shares before them and bring the pps lower...

The fundamentals, like you said about ELRA, are not so good because of that MAJOR Debt Financing with JSJ, KBM, GEL, LG, VTG, Vista, Tarpon, ASC, GGIL, Pancar Capital LLC, Portspot Consultant Ltd., Robert Francis Edwin Burr, Universal Technology Investments Limited, Sarafese Holdings Limited, MBD Holdings Limited..........

Sheesh!!!
It's a war between Toxic Financiers to get the most they can with their discount prices...

They cannot lose, they're not affected by any R/S, except if their converted shares are not sold just before a R/S...

Another reason to NOT take any chance with those Crooked OTC CEOs...