Elray Resources Inc (ELRA)

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This company IMO, is a money laundering fraud out of Mauritius. And buying "know how" in the form of a note for millions of dollars from a related party and then selling the note to one of the notorious toxic lenders that converts at egregious discount to the market is the way to go?

No wonder this stock does 2 to 3 reverse splits a year. And of course the pump campaign always picks up just before the next R/S so the toxic note holders can dump right before, thus screwing over shareholders further.

When I got involved with this stock 3 years ago, they have effectuated 5 reverse splits, that amounts to an aggregated ratio of....wait for it....


1 - 300 Million.

So if someone bought 300 million shares 3 years ago, they have 1 share today, worth $0.0001

Goodman has a contemptuous track record.