Elray Resources Inc (ELRA)

[Sibware]

Yep! And there is more and more every day in the OTC Market...

It will end when nobody will be interested to buy those companies with that kind of Financing leading the PPs to .0001 R/S Rinse and repeat....

One of the worst this year was/is BRG*
I'm not sure peeps will buy that ticker anymore with the crooked CEO even if there is still one on the board trying to pump it...lol...
For a quick flip maybe????
After a while, people learn...
They lose a lot before learning, but they won't be caught twice, and even there...

Still some money to make on those plays but better flip before the Toxic Financiers do.

I don't even understand somebody putting some money on a ticker without a minimum of DD.

At least, read the last 10Q to see if there is some toxic financing in it.

Many have, but some don't...
The other ones will dilute also, but the 40 to 100% discount allowed to the Toxic Financiers, is bringing the PPS to .0001 pretty fast, hence Death Spiral...