Elray Resources Inc (ELRA)

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Doubt it!

Re: stevensander Post# 64835
Basic loss per common share has been calculated based on the weighted average number of shares of common stock outstanding during the period. During a loss period, the potentially dilutive securities have an anti-dilutive effect and are not included in the calculation of dilutive net loss per common share. As of September 30, 2016 and 2015, potentially dilutive securities include notes convertible to 37,222,228,889 and 38,482,328,944 shares, respectively, of the Company’s common stock. As of September 30, 2016 and 2015, potentially dilutive securities also include preferred stock convertible to 2,126 and 2,363 shares of the Company’s common stock, respectively.