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I haven't found anything.
Minutes from yesterday's court session...
02/28/2013, 03/21/2013
Elray's Motion for Contempt and for Sanctions on Order Shortening Time
Minutes
02/28/2013 8:30 AM
- Arguments by counsel. Court stated its findings, and ORDERED, matter CONTINUED. Mr. Peek to follow up on the commission documents and time frame related to the plan within the next 30 days. COURT ORDERED, matter SET for a Status Check. Counsel to provide Status Reports by 3/18/13 as to directions to counsel as stated on the record herein. CONTINUED TO: 3/21/13 8:30 AM
Nothing new has been posted, yet.
https://www.clarkcountycourts.us/Anonymous/default.aspx
Case#: A-12-665772-B
Sorry, was out of the office today. Will post one in the AM.
ELRA rated as Strong Buy...
http://www.barchart.com/opinions/stocks/ELRA
http://www.barchart.com/quotes/stocks/ELRA
Found this...
OTC Daily Alert Stock Watch
LAKE ELSINORE, CA - (WORLD STOCK WIRE) - February 22, 2013 -- OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Today's alerts include: Elray Resources, Inc. (OTCBB: ELRA)
Elray Gaming provides a complete turnkey solution for numerous successful online gaming companies as well as performs strategic marketing and consulting services for Online Gaming operators from all parts of the world. Their sophisticated patented software automatically declines any gaming requests from within the United States, in strict compliance with current US law.
Unfortunately, we need to get to 30 cents to break even!! Lol.
No problem at all.
I have the Realtime Market Data/Level II Subscription package on Investors Hub. I also get L2s on e*Trade...but it's not as user friendly and logs you out too frequently.
Thu, Feb 21, 2013 12:00 –
Elray Resources, Inc. (ELRAD: OTC Link) – Symbol Change – The symbol, ELRAD, is no longer a valid symbol for Elray Resources, Inc.. As of Thu, Feb 21, 2013, the new trading symbol is ELRA.
ELRAY RESOURCES, INC. SC 13G
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8736512
ELRAY RESOURCES, INC.
(Name of issuer)
Common Stock, $0.001 par value per share
(Title of class of securities)
29015t108
(CUSIP number)
February 19, 2013
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
SEC 1745 (1-06)
Page 1 of 5 pages
CUSIP No. 29015t108
13G Page 2 of 5 Pages
1. Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only).
ASHER ENTERPRISES, INC.
EIN: 94-3437255
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) o
3. SEC Use Only
4. Citizenship or Place of Organization
Nevada
Number of 5. Sole Voting Power
Shares 1,231,109*
Beneficially
Owned by 6. Shared Voting Power
Each
Reporting
Person 7. Sole Dispositive Power
With: 1,231,109*
8. Shared Dispositive Power
*Consists of Common Stock which the reporting person has the right to acquire by way of conversion of a security.
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,231,109*
*Consists of Common Stock which the reporting person has the right to acquire by way of conversion of a security.
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (9)
9.99% (based on the total of 12,323,423 outstanding shares of Common Stock)
12. Type of Reporting Person (See Instructions)
CO
CUSIP No. 29015t108
13G Page 3 of 5 Pages
Item 1 (a) Name of Issuer:
ELRAY RESOURCES, INC., a Nevada corporation
(b) Address Of Issuer's Principal Executive Offices:
575 Madison Avenue, Suite 1006, New York, NY 10022
Item 2 (a) Name of Person Filing:
ASHER ENTERPRISES, INC.
(b) Address of Principal Business Office, or, if none, Residence:
1 Linden Place, Great Neck, NY 11021
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock, $0.001 par value per share
(e) Cusip Number:
29015t108
Item 3 If this statement is filed pursuant to §240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) o Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8).
(e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
(f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(ii)(F).
(g) o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)
o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) o Group in accordance with §240.13d-1(b)(ii)(J).
CUSIP No. 29015t108
13G Page 4 of 5 Pages
Item 4 Ownership
(a) Amount beneficially owned 1,231,109*
(b) Percent of class: 9.99%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
1,231,109*
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
1,231,109*
(iv) Shared power to dispose or to direct the disposition of
*Consists of Common Stock which the reporting person has the right to acquire by way of conversion of a security.
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
Item 6 Ownership of More Than Five Percent on Behalf Of Another Person
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
Item 8 Identification and Classification of Members of The Group
Item 9 Notice of Dissolution of Group
Item 10 Certification
(a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
(b) The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
CUSIP No. 29015t108
13G Page 5 of 5 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
February 19, 2013
Date
/s/Curt Kramer
Signature
Curt Kramer, President
Name/Title
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
If my math is correct...
This Friday (2/22) will be the 20th day of trading as ELRAD, which means we should be back to ELRA by Monday or shortly thereafter.
That would be a very opportune time for news & updates. JMO.
At least we are now out of the triple zeros...LOL.
News...
PRESS RELEASE
Feb. 13, 2013, 12:27 p.m. EST
Altenesol LNG Colombia S.A.S and Canacol Energy LTD Execute the Contract to Supply Natural Gas for Nataly 1
ORLANDO, Fla., Feb 13, 2013 (GLOBE NEWSWIRE via COMTEX) -- IAHL Corporation (other otc:IAHL) is pleased to announce that further negotiations of a previously announced letter of intent on October 10, 2012, between its wholly-owned subsidiary, Altenesol Colombia S.A.S. ("Altenesol"), and Geoproduction Oil and Gas Company of Colombia ("Geoproduction"), a wholly-owned subsidiary of Canacol Energy LTD (Canacol), CA:CNE +1.74% (bvc:CNEC) has resulted in a signed 15 year natural gas supply contract for the Nataly 1 LNG project in Colombia. The contract is for the supply of 17 million cubic feet per day (MMCFD) of natural gas at a price of US$4.90 per MCF agreed to by both parties with an annual price escalation of 2% commencing in the second year of production under the contract.
The contract is subject to the fulfillment of a number of conditions precedents, which are in process, by both Altenesol and Geoproduction. The principal ones are converting existing customer LOIs to take or pay contracts, finalizing project funding, having the Nataly 1 LNG plant operational within the guidelines of the agreement as well as Geoproduction's planned drilling activities on the basis of the 3D seismic results and the certification of additional reserves at the La Esperanza block.
"We are excited about working with Canacol in this history making contract which will be the longest gas contract in Colombia. This is a major milestone for our project which is the first of several more to come over the next quarter. We were able to leverage the deep experience of our Board Member, Stuart Jara, in negotiating complex long term supply contracts to ensure we secured a beneficial and bankable agreement," said Nelson De La Nuez, CEO of IAHL.
"As a member of the board, it was my pleasure to take the lead in the negotiations of the contract, working with the Altenesol team to draft and finalize the deal. This agreement is an important milestone in the delivery and establishment of the vision created by the CEO and the Board," said Stuart Jara, IAHL Board of Director.
Altenesol Colombia SAS's project will generate over US$70 million in average annual revenues through its subsidiaries (Altenesol LNG Colombia, SAS; TransCryogen LNG Colombia, SAS and Altenesol Regasification Systems, SAS) which will produce LNG at the Nataly 1 plant, transport the LNG to our customers and re-gasify the LNG at each customer's location. Over the 15 year term of the project, the natural gas purchased from this contract with Canacol will generate in excess of US$1 billion. "Future plans include four additional LNG Plants in Colombia within the next 7 years after the completed construction of Nataly 1," advised Nelson De La Nuez, CEO of IAHL.
IAHL is also pleased to announce that Altenesol has signed a contract to purchase 91 acres (37 hectares) of land adjacent to the Canacol well site (Jobo Station). The proximity to the source minimizes logistical costs and provides room for the expansion of the Nataly 1 LNG plant as well as extra space for vehicle transit, storage and maintenance. This also helps build Altenesol's plans to become a major player in the energy sector, bringing less expensive and cleaner fuel to areas in and out of Colombia.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Certain information included in this press release constitutes forward-looking information under applicable securities legislation.
Such forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.
In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things: the ability of IAHL to complete transactions described in this press release, the timely receipt of any required regulatory approvals, anticipated expenses, cash flow and capital expenditures, and economic conditions.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. IAHL undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, unless required by law. Actual results could differ materially from those currently anticipated due to a number of factors and risks.
These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development and production; delays or changes in plans with respect to development projects or capital expenditures; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to the development of the project or capital expenditures.
Looks like ELRAD is now available to trade on e*Trade
Interesting article...
Zynga Applies for Online Gaming License in Nevada
The Nevada gambling industry has fallen in the crosshairs of Zynga Inc. Zynga, a top rated gaming firm boasting some of social network site Facebook’s hottest games, has a pending application for operation in the highly dynamic Nevadan gambling scene. It hopes to be granted a license to operate by the Nevada Gaming Control Board.
The application paperwork comprises of requests to get the gaming firm a preliminary hearing that determines its eligibility for the gaming license. However, according to Nevada’s Gaming Board, the application failed to specify the kind of game Zynga seeks to offer.
As customary in the treatment of applications within the state since it began shifting its legal perspective to allow intrastate online poker, Nevada will seek to ensure Zynga meets and complies with its current terms in respect to a regulatory track record and financial standings. There is no specified time period before decisions on applications are made, but Zynga should expect a response within 18 months.
Zynga is one of numerous operators seeking operational licenses in the Nevada marketplace due to its potential income ramifications, greatly facilitated by the state’s huge population. A number of leading national operators have also submitted their gaming license applications, including Caesars Entertainment, Bwin.Party Digital, and MGM Resorts. More entrants are expected to make submissions, although it remains to be seen which big names will ultimately operate in Nevada’s tightly regulated market.
Barry Cottle, Zyngas’s Chief Revenue Officer, says, “As we’ve said previously, the broader U.S. market is an opportunity that’s further out on the horizon based on legislative developments, but we are preparing for a regulated market.”
And yet an other day with no changes on eTrade.
Good stuff...thanks.
Thanks sweet crude, I did not get that one. Interesting stuff.
"...non-wage based games or mobile apps, such as informational directories, industry news, and social networking apps for people into the gaming world."
I guess they could quickly start to generate small revenues through the sale of games/apps on iTunes, etc while the online gambling bill gets sorted out. Any revenues would be a good thing, at this point.
Also, I looked up elraymobile.com. Here is the underlying registry info (along with another email address for Mr. Goodman):
Registered through: GoDaddy.com, LLC (http://www.godaddy.com)
Domain Name: ELRAYMOBILE.COM
Created on: 26-Jan-13
Expires on: 26-Jan-14
Last Updated on: 26-Jan-13
Registrant:
444
PO Box 1616
Bondi Junction, New South Wales 1355
Australia
Administrative Contact:
Goodman, Anthony giantbrian@gmail.com
444
PO Box 1616
Bondi Junction, New South Wales 1355
Australia
409823302
Technical Contact:
Goodman, Anthony giantbrian@gmail.com
444
PO Box 1616
Bondi Junction, New South Wales 1355
Australia
409823302
Domain servers in listed order:
NS03.DOMAINCONTROL.COM
NS04.DOMAINCONTROL.COM
ELRAY Gaming is now ELRAD. They trade under the legal name ELRAY Resources, as it was previously a mining company when they took over the shell.
So...
Elray Resources Inc. t/a Elray Gaming (Ticker: ELRAD), a developer of VIP casino and turnkey online gaming products.
Same here...it''s showing it as 29015T108 at .0002.
Very quiet.
I agree...but that pretty much sums up any penny stock. We pick the ones that seem to be the least likely to be a scam and rarely do they ever pan out to be a successful company/business.
I am am not sure if anyone has visions of grandeur here...but I do think many are hoping for a run or two to try to cut their losses.
One thing that we do know is that all the PR that was released last year has been validated by the legal minutes/ court records from this lawsuit. That by itself makes them more credible than the vast majority of other penny stocks. They also usually file full compliance reports...which is rare.
So, we can hope that something good will come out of this mess, but understand that nothing good is likely.
Again, doesn't that sum up most of the stocks around here?
I wasn't sure either...here's what I found:
The ex-dividend date, also known as the reinvestment date, is an investment term involving the timing of payment of dividends on stocks of corporations, income trusts, and other financial holdings, both publicly and privately held.
In the United States, the IRS defines the ex-dividend date as "the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment." The London Stock Exchange defines the term "ex" as "when a stock or dividend is issued by a company it is based upon an 'on register' or 'record date'. However, to create a level playing field when shares are traded on the London Stock Exchange during this benefit period an 'ex' date is set. Before this 'ex' date if shares are sold the selling party will need to pass on the benefit or dividend to the buying party."
Hey Genius, if you are so much smarter than everyone else...then why are you here?
Take your attitude somewhere else. Everyone makes mistakes when picking stocks. Lighten up.
As I mentioned before, I have been through one of these. The company hasn't done squat, but the share price has been around 50¢ for months (up from 2¢).
People hang on and are attracted to low-float stocks. However, the quote "at least in the short term" is just laughable and pretty much tells me it will be business as usually all too soon.
Ugh.
Agree and feel the same way. If they can get this court case settled, this may have another run or two left in it.
Only guessing...but this litigation seems to be pretty ugly . The minutes mention temporary restraining orders, concerns about issuing of shares, discovery of electronic files, etc.
The case seems very active, as there are 10 updates/events over 22 weeks. To me, that means both sides feel there is much at stake and that this is not frivolous.
I have no idea if any of this is legit or just part of a bigger game, but it certainly appears that the company seized operations until this is settled or a judgement is issued.
You don't have to look any farther the launch a major binary platform in July and then never follow up or try to grow and promote it. They could have milked that asset for 3-6 months with all kinds of PR...but never did a thing with it. Was this a scam? Not sure. I do know the US phone # on that site is a non-working #.
And, it's absolutely inexcusable that most of the company's corporate website is still incomplete and non-operational. Makes you wonder how a company that can't even do a simple website correctly plans to develop cutting-edge online gambling platforms. But hey..at least we got a new logo last year!
Still too many missing pieces here for me. JMO.
Here are the minutes:
12/20/2012 8:30 AM
-DEFENDANT/COUNTERCLAIMANT'S MOTION TO COMPEL DISCOVERY AND MOTION FOR ATTORNEYS' FEES AND COSTS ON AN ORDER SHORTENING TIME...STATUS CHECK: DOCUMENT DISCOVERY AND RELATED DEPOSITIONS Arguments by counsel. Court stated its concerns and findings, and ORDERED, Plaintiff to search images. Counsel to make a determination as to search terms used. The Court is not setting a date for the search of electronically stored devices. Counsel to produce documents within three months or provide the Court with a Status Report as to efforts Plaintiff's counsel and staff have done. Colloquy regarding general rules on Depositions. At request of counsel, COURT ORDERED, the Bench Trial date is VACATED and TO BE RESET on the 10/7/13 Trial stack. Motions are due 8/16/13; Discovery Cutoff is 7/26/13. Court stated its findings, and ORDERED, the Motion to Compel is GRANTED. Attorneys Fees are DENIED. Further clarification by the Court of its Order.
LOL...I'm in way too deep on this one. Even though I had been averaging down in Q4, I am still at .003 avg.
One year ago, this company looked like it had so much potential, so I loaded up big time.
I did make a few bucks back by selling most of the ones I got at .0002 at .0007...but I still have a looooooooong way to go.
They made a complete fool out of me more than one time last year...so I am not holding my breath that anything will come of the most recent PR...but, the fact that we did get an update about the litigation is way more than I thought we would ever get this year.
See post #8383