Elray Resources Inc (ELRA)

[etcetera]

Can elra operate an online casino? Like full tilt? Anybody know

[mattysimone]

next few months should be fun, lets so how high this can go. the higher we go the lower amount we have to do in a r/s to get to nasdaq!!

[Moneyfornothing1]

Nice fine, thats what I am talking about.

Go ELRA

[stocktrotter]

TY MS you are so right on with your great DD! I too plan on adding more next week. This looks very good to me and hope I can accumulate a good position before the action starts. BM to You too for all you do!

[mattysimone]

There has to be a GREAT reason and that would seem very logical...time will tell. even it they dont we still have the Macau news which imo is BIG enough for me to add to my position :)

elra

[OCMillionaire]

that last sentence just sold me :)

[mattysimone]

and my point is all that chatter was back in nov-dec when a bill was set forward, the gov actually ruled on xmas eve that it is not illegal to play online poker so now we are just waiting for someone to open back up and regulate the play. there was rumor back at the start of the year that it could be elra but then it died down. That is why I bought in the beginning. On the front of the page your talking about is just its featured stocks and they probably havent updated anything on elra is all. it isnt anything current. BUT at some point I hope they do come out with something about online poker as thats what got me to invest, now we have a promotion company in Macau so its a huge bonus if they can land both. maybe they are waiting to merge before announcing anything about online poker. Like a poster mentioned the other day, why would a company making millions merge with elra? maybe we know why ;)

[OCMillionaire]

right however my point was i went on wallstreet news without searching for anything and ELRA popped up on the front cover :) thats some pretty good news to me if you ask! =)

[mattysimone]

yeah I think the sentence about poker was from a few months ago because the macau pr is at the bottom of the page under recent news. the poker thing imo is just a old page that had a ton of hits so it shows up when you search elra, it also has the o/s from back then to

[OCMillionaire]

NEW YORK--Prospect for Congress to legalize online poker and gambling could send ELRA soaring <--this one? im kinda confused now lol

Elray Gaming Eyes Acquisition of Macau Gaming Company
Last Updated: May 03, 2012 - 7:45am EST

(NEW YORK) --(NEW YORK) --Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), continues to move ahead with its potential acquisition of Macau gaming company, Golden Match, which could give the stock a minimum price valuation of $0.10 per share.

Elray Gaming announced a 'binding letter of intent' to acquire Golden Match, who's principal business activity is to hold a profit share agreement with a VIP Room Gaming Promoter, the terms of which they receive 80% of the profit stream from the Promoters, which currently participates in the promotion of many major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world.
The company has negotiated a profit sharing agreement with Cali Promocao de Jogos Sociedade Unipessoal Lda. (CALI), a company duly incorporated under the laws of the Special Administrative Region of Macau, and promotes Casinos in Macau SAR pursuant to a license issued by the Gaming Inspection and Coordination of Bureau of the Government of Macau SAR.

Over the past 5 months, CALI generated approximately $17 million (US) profit after tax.

ELRA Post-Merger Valuation

Taking that $17 million profit into consideration, a rough fiscal year net profit for CALI would be in the range around $37 million, after taxes. If given a 80% profit sharing bases, that would give Golden Match, and thus ELRA, a yearly net profit of around $29.6 million,

ELRA currently has around 700 million shares issued and outstanding, but for the sake of closing the merger, and estimating for dilution to close the deal, even at 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS.

Based on the value estimates of other publicly traded Macau gaming companies, a conservative PE of 10 to 15 would still give ELRA a post merger estimate of $0.10 to $0.15 per share, or a conservative $300 million post-merger market capitalization, which would reflect a sharp % return from its current $0.004 share price.

From all indications, movement on this merger continues to move forward with talks showing possible institutional interest, which could help turn this letter of intent into a full blown major merger.

Cali currently has agreements in place are with MGM Grand Macao, a division of MGM Resorts International (NYSE:MGM), the Venetian, Wynn Resorts, Limited (NASDAQ:WYNN), Galaxy Entertainment Group Limited (HKG: 0027), and City of Dreams.

[mattysimone]

what paragraph, on the link you posted elra is the third ticker down on the left and it has one sentence

[OCMillionaire]

The very top part was from nov...like one sentence lol but the rest is updated....read the bottom of the paragraph...it shows more updated info... it was on the front cover of wallstreet news today!!....we are going to make money guys!!! woo hoo!!!

[Chaebol]

I can't believe it!!!!! That is amazing, so much $$$$$$$$!!!!

[mattysimone]

is this old or new because i posted about this subject a few days ago that this is why i bought the stock a few months ago. I think that is from nov-dec unless you can find a updated date for that

elra

[OCMillionaire]

Based on the value estimates of other publicly traded Macau gaming companies, a conservative PE of 10 to 15 would still give ELRA a post merger estimate of $0.10 to $0.15 per share, or a conservative $300 million post-merger market capitalization, which would reflect a sharp % return from its current $0.004 share price.

From all indications, movement on this merger continues to move forward with talks showing possible institutional interest, which could help turn this letter of intent into a full blown major merger.

Cali currently has agreements in place are with MGM Grand Macao, a division of MGM Resorts International (NYSE:MGM), the Venetian, Wynn Resorts, Limited (NASDAQ:WYNN), Galaxy Entertainment Group Limited (HKG: 0027), and City of Dreams.

[OCMillionaire]

POST EVERYWHERE!!!!AHHHHHHHGGG GUYS NEWWS!!! on the front cover!!! check it out
http://www.wallstreetnewscast.com/
third one down from left!!!

Elray Gaming (OTC:ELRA)
NEW YORK--Prospect for Congress to legalize online poker and gambling could send ELRA soaring. Online Poker Play

Sector: Online Gaming
Share Outstanding: 256 million
Price: $0.01
ELRA Investor Call

[OCMillionaire]

GUYS NEWWS!!! on the front cover!!! check it out
http://www.wallstreetnewscast.com/
third one down from left!!!

Elray Gaming (OTC:ELRA)
NEW YORK--Prospect for Congress to legalize online poker and gambling could send ELRA soaring. Online Poker Play

Sector: Online Gaming
Share Outstanding: 256 million
Price: $0.01
ELRA Investor Call

[OCMillionaire]

Monday will be huge

[ClarkKant]

Ill take this close on a Friday!

[Siforus]

Excellent week here
Git r dun ELRA

[azguitarist]

I'm with Scottrade..may need to swap one of these days.

Thanks MT for the idea on the deposit at the office tip as well.

Well, we had a great run this week, learned alot about where we are headed, felt like we threw a party for a couple of groups that rolled in and out, and believe we all should feel great about the coming weeks/months.

Have a great weekend everyone and keep the DD rollin'

--------------------------------------

The Dude Abides

[RowingDude]

What firm are you using? eTrade gives me immediate funds after the first deposit.

[azguitarist]

Can anyone show the L2 as we approach the final 10 minute countdown?

[OCMillionaire]

yup lol

[azguitarist]

I wish I had my funds cleared today! going to cost me more on Monday I'm sure.

[OCMillionaire]

NOPE!!! only 37k left @.009 then .0099 is 37k then a penny!! weeeeeeeeeee

[reko01]

CAN WE CLOSE IN THE 01S

[RowingDude]

run baby run.. elra you can't go wrong..

[OCMillionaire]

8's TAKEN OUT!!!! 9's up!!!!

[Chaebol]

I got nothing but time on my hands, this will be penny stock of the year mark my words!!

[azguitarist]

breakout looks to be close..I can taste it!

GLTA

-------------------------

The Dude Abides

[OCMillionaire]

only 9250@.89 then .099 37k then .011 :)!!!!!

[Chaebol]

lol I've had to stay here on the west coast for almost 4 months now and I'm still not adjusted to the time zone

[OCMillionaire]

RIGHT?! LOL Cant wait till 11:30 West Coast time :)

[OCMillionaire]

actually, i got some of it!!! :) :P It won fill me on the rest...look @ etmm this morning :)

[RowingDude]

Question - if more casinos move to Macau (as noted in a few articles on the Fool).. would that mean more profits for our venerable ELRA?

[etcetera]

Thin to .011! Lotta eyes on this once a rally gets going it will gogo. At least theres no group on this anymore telling everyone to sell at .014!

[azguitarist]

waiting for funds to clear to pick up more Monday. Gotta love that 3 day holding period. Hoping that I am lucky enough to get more at this PPS.

---------------------------------------

The Dude Abides

[SUPERFREAK]

And only whacktards would take offense to that;)

[reko01]

OK PRO LETS GET IT MOVING

[luvpink]

lol u ever get your 3 mill shares bwahahahaha

[SUPERFREAK]

Nothing but damn bid whacks today! Amateurs!!!

[azguitarist]

Looks like everyone is just sitting back and holding which is expected after seeing where this weeks news is going to take ELRA.

Bid support is strong, but it doesn't look like anyone is letting go. Bidders need to step up to the Ask to get on this train. =)

----------------------------------

The Dude Abides

[azguitarist]

GM all! It's been a great week here so far.. Looking forward to a strong end of week close. I doubt we will close under .01 today...imo of course

GLTA

-------------------------------------

The Dude Abides

[The_Free_Nebula]

Looking good

[RowingDude]

The PR wheel isn't turning very quickly, plus there are only 5 months of revenues to base calculations on. It's still a pretty risky bet, but at least it's a favorably educated bet.

[icatrade]

Have had ELRA on my watch for a couple months now. But im a first time player here. Can anyone explain why this stock moves so slow? Seems like most expect it to go higher, but few willing to ask slap it. VERY good news the other day. I was expecting it to break .015 and just keep going. In at .008...GLTA

[Siforus]

Tom Bustamante

http://www.linkedin.com/in/ludlowcapital

http://www.ludlowresearch.com/clients.html

http://www.wallstreetnewscast.com/news/2012/may/elra-2745.html

Ludlow Capital, Inc
Phone: [phone]
[e-mail]

http://who.godaddy.com/whois.aspx?k=SIlyErVT/NwUQBP4ySpRgwV3HroUs0A7&domain=wallstreetnewscast.com&prog_id=GoDaddy

http://who.godaddy.com/whois.aspx?k=gj3hmtnMkTC3nEtrW/izEKSvbaZL6sAO&domain=ludlowresearch.com&prog_id=GoDaddy

Lets get this promo started.......Finally.......

[RowingDude]

Funny you say that because I bought this stock based SOLELY on the technical indicators, which is risky business in the pennies. I was very nervous when things started dropping.. but now I have been buying more ELRA stock.. average buy in is .008, so I am sitting very pretty.

Good luck

[The_Free_Nebula]

We shall see