Elray Gaming ($ELRA) Issued .10 Price Target Based on Merger
By: staff reporter, Tom Bustamante

(NEW YORK) --(NEW YORK) --Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), based on the acquisition of Macau gaming company, Golden Match, with a near-term target of $0.05 to $0.10 per share.

Elray Gaming announced a definative agreement to complete the acquisition of Macau gaming company, Golden Match. The company's principal business activity is a profit sharing 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) in profit, after tax.

ELRA 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 high-range of 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS.

NASDAQ Listing

In 8K filed May 9th, the Company announced plans to listing on the NASDAQ or AMEX exchange through a 100:1 reverse split. Although many investors hear reverse split and head for the hills, under the current deal this move may be a positive for investors at this level. Under the agreement, the Company has issued the shares for the merger, which consisted of an all preferred deal, which is good for the common shareholder. Now, if they had conducted the reverse split, and then issued the shares for the acquisition, that would have been a negative for shareholders. But under this agreement this should turn out to be a positive.

In addition, to file your application to list on the NASDAQ or AMEX, a stock needs to maintain a minimum price level of around $3.00 to $4.00 a share, thus under this plan investors should not see any filing to reverse split the stock until the price reaches a minimum of $0.03 to $0.04 per share.

But, post split, investors would then be holding shares of a large Macau gaming stock, with strong revenues and profit, that would be traded on the NASDAQ or AMEX, and would then become marginable, and could be recommended by retail brokerage firms. With all this in consideration, this move may end up being a strong positive for the individual shareholders on ELRA.

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. Thus, Ludlow Capital has issued a near-term target on ELRA in the range of $0.05 to $0.10 per share. (or $5.00 to $10.00 post-NASDAQ listing)
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

Elray Gaming ($ELRA) Issued .10 Price Target Based on Merger
By: staff reporter, Tom Bustamante

(NEW YORK) --(NEW YORK) --Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), based on the acquisition of Macau gaming company, Golden Match, with a near-term target of $0.05 to $0.10 per share.

Elray Gaming announced a definative agreement to complete the acquisition of Macau gaming company, Golden Match. The company's principal business activity is a profit sharing 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) in profit, after tax.

ELRA 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 high-range of 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS.

NASDAQ Listing

In 8K filed May 9th, the Company announced plans to listing on the NASDAQ or AMEX exchange through a 100:1 reverse split. Although many investors hear reverse split and head for the hills, under the current deal this move may be a positive for investors at this level. Under the agreement, the Company has issued the shares for the merger, which consisted of an all preferred deal, which is good for the common shareholder. Now, if they had conducted the reverse split, and then issued the shares for the acquisition, that would have been a negative for shareholders. But under this agreement this should turn out to be a positive.

In addition, to file your application to list on the NASDAQ or AMEX, a stock needs to maintain a minimum price level of around $3.00 to $4.00 a share, thus under this plan investors should not see any filing to reverse split the stock until the price reaches a minimum of $0.03 to $0.04 per share.

But, post split, investors would then be holding shares of a large Macau gaming stock, with strong revenues and profit, that would be traded on the NASDAQ or AMEX, and would then become marginable, and could be recommended by retail brokerage firms. With all this in consideration, this move may end up being a strong positive for the individual shareholders on ELRA.

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. Thus, Ludlow Capital has issued a near-term target on ELRA in the range of $0.05 to $0.10 per share. (or $5.00 to $10.00 post-NASDAQ listing)
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

Elray Gaming ($ELRA) Issued .10 Price Target Based on Merger
By: staff reporter, Tom Bustamante

(NEW YORK) --(NEW YORK) --Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), based on the acquisition of Macau gaming company, Golden Match, with a near-term target of $0.05 to $0.10 per share.

Elray Gaming announced a definative agreement to complete the acquisition of Macau gaming company, Golden Match. The company's principal business activity is a profit sharing 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) in profit, after tax.

ELRA 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 high-range of 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS.

NASDAQ Listing

In 8K filed May 9th, the Company announced plans to listing on the NASDAQ or AMEX exchange through a 100:1 reverse split. Although many investors hear reverse split and head for the hills, under the current deal this move may be a positive for investors at this level. Under the agreement, the Company has issued the shares for the merger, which consisted of an all preferred deal, which is good for the common shareholder. Now, if they had conducted the reverse split, and then issued the shares for the acquisition, that would have been a negative for shareholders. But under this agreement this should turn out to be a positive.

In addition, to file your application to list on the NASDAQ or AMEX, a stock needs to maintain a minimum price level of around $3.00 to $4.00 a share, thus under this plan investors should not see any filing to reverse split the stock until the price reaches a minimum of $0.03 to $0.04 per share.

But, post split, investors would then be holding shares of a large Macau gaming stock, with strong revenues and profit, that would be traded on the NASDAQ or AMEX, and would then become marginable, and could be recommended by retail brokerage firms. With all this in consideration, this move may end up being a strong positive for the individual shareholders on ELRA.

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. Thus, Ludlow Capital has issued a near-term target on ELRA in the range of $0.05 to $0.10 per share. (or $5.00 to $10.00 post-NASDAQ listing)
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

HLBCD - breaking 200 day avg

HLBCD - fast runner, low float

$BRNW 02x035 - new PR firm, issued .20 target

only 40 mill OS, low float

http://www.wallstreetnewscast.com/profile/brnw.html

$BRNW 02x035 - .20 target issued

Super low float, moves like air....

http://www.wallstreetnewscast.com/profile/brnw.html

$BRNW 02x035 - only 40 mill OS, low float

this thing is mad under the radar, moves like the wind

http://www.wallstreetnewscast.com/profile/brnw.html

$ELRA CHART 0.0098

http://www.elraygaming.com/

http://www.elraygaming.com/investor.html

http://www.elraygaming.com/news.html

"DD Research web link"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75421315

http://www.otcmarkets.com/stock/ELRA/company-info

http://www.otcmarkets.com/stock/ELRA/news

http://www.knobias.com/individual/public/quote.htm?ticker=ELRA

http://www.insidestocks.com/quote.asp?sym=ELRA

http://www.insidestocks.com/texpert.asp?sym=ELRA

http://www.insidestocks.com/texadv.asp?sym=ELRA

http://www.americanbulls.com/StockPage.asp?CompanyTicker=ELRA&MarketTicker=OTC&TYP=S

http://finance.yahoo.com/q/ks?s=ELRA.OB+Key+Statistics

http://finance.yahoo.com/q?s=ELRA.OB

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ykflu%252fcZsBcVmd91lAMCqQ%253d%253d

ELRAY RESOURCES, INC. CIK#: 0001402371 (see all SEC company filings)

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001402371&owner=exclude&count=40

http://www.americanbulls.com/StockPage.asp?CompanyTicker=ELRA&MarketTicker=OTC&TYP=S

"DD Research web link"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75421315

$HLBC; with their 9:1 forward split, chart looks hot and ready to run!

$HLBC looking hot with 9:1 forward split, ready to run!

$HLBC; 9:1 forward split, chart looking bullish

$HLBC moves forward with a 9:1 forward split!

$FITX Creative Edge Nutrition, Inc. Announces New Executive Appointment

Creative Edge Nutrition, Inc. (PINKSHEETS: FITX), a nutritional supplement company focusing on active lifestyles, announced today that Jeff Thomas has been appointed to Vice President of Distributor Relation and Brand Management for Creative Edge Nutrition, Inc.
Mr. Jeff Thomas, founder of Science Defined Nutrition, Inc. ("SDN"), which was recently acquired by Creative Edge Nutrition, Inc., has held various industry jobs including Vice President Sales for Supplement Group, Inc. and over 10 years Global experience in setting up international and distributor contracts in the sport nutrition industry. He was also a national sales representative for Dox, LLC which was the parent company for Legal Gear also known as LG Sciences. As a point of clarification, Jeff Thomas is of no relation to Paul Thomas, one of Creative Edge Nutrition, Inc.'s original founders.

Bill Chaaban, President and CEO of Creative Edge Nutrition, Inc., stated, "Jeff Thomas adds distribution expertise that will accelerate the company's growth. We will continue to aggressively grow and expand our presence in the sports nutrition marketplace through both organic growth and strategic acquisitions."

About Science Defined Nutrition, Inc.

Developed by body builders and athletes, Science Defined Nutrition (SDN) is a leader in nutritional supplement industry. SDN's Research and Development Team has cultivated an entire litany of superlative products, with the initial proof-providing ground-breaking product ROGUE at the helm, rooted in the immeasurable passion for achieving athletic enhancement through tireless scientific scrutiny. The core Mission of SDN is to assist our customers in taking their athletic ambitions to heights unknown, without having to defy their own conscience by sacrificing their state of health to do so. www.sciencedefinednutrition.com and http://www.facebook.com/Sciencedefinednutrition

About Creative Edge Nutrition, Inc.

Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. www.CenergyNutrition.com and http://www.facebook.com/pages/Creative-Edge-Nutrition-Inc/115224738609211

$FITX Creative Edge Nutrition, Inc. Announces New Executive Appointment

Creative Edge Nutrition, Inc. (PINKSHEETS: FITX), a nutritional supplement company focusing on active lifestyles, announced today that Jeff Thomas has been appointed to Vice President of Distributor Relation and Brand Management for Creative Edge Nutrition, Inc.
Mr. Jeff Thomas, founder of Science Defined Nutrition, Inc. ("SDN"), which was recently acquired by Creative Edge Nutrition, Inc., has held various industry jobs including Vice President Sales for Supplement Group, Inc. and over 10 years Global experience in setting up international and distributor contracts in the sport nutrition industry. He was also a national sales representative for Dox, LLC which was the parent company for Legal Gear also known as LG Sciences. As a point of clarification, Jeff Thomas is of no relation to Paul Thomas, one of Creative Edge Nutrition, Inc.'s original founders.

Bill Chaaban, President and CEO of Creative Edge Nutrition, Inc., stated, "Jeff Thomas adds distribution expertise that will accelerate the company's growth. We will continue to aggressively grow and expand our presence in the sports nutrition marketplace through both organic growth and strategic acquisitions."

About Science Defined Nutrition, Inc.

Developed by body builders and athletes, Science Defined Nutrition (SDN) is a leader in nutritional supplement industry. SDN's Research and Development Team has cultivated an entire litany of superlative products, with the initial proof-providing ground-breaking product ROGUE at the helm, rooted in the immeasurable passion for achieving athletic enhancement through tireless scientific scrutiny. The core Mission of SDN is to assist our customers in taking their athletic ambitions to heights unknown, without having to defy their own conscience by sacrificing their state of health to do so. www.sciencedefinednutrition.com and http://www.facebook.com/Sciencedefinednutrition

About Creative Edge Nutrition, Inc.

Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. www.CenergyNutrition.com and http://www.facebook.com/pages/Creative-Edge-Nutrition-Inc/115224738609211

$FITX Creative Edge Nutrition, Inc. Announces New Executive Appointment
Today : Thursday 17 May 2012


Creative Edge Nutrition, Inc. (PINKSHEETS: FITX), a nutritional supplement company focusing on active lifestyles, announced today that Jeff Thomas has been appointed to Vice President of Distributor Relation and Brand Management for Creative Edge Nutrition, Inc.
Mr. Jeff Thomas, founder of Science Defined Nutrition, Inc. ("SDN"), which was recently acquired by Creative Edge Nutrition, Inc., has held various industry jobs including Vice President Sales for Supplement Group, Inc. and over 10 years Global experience in setting up international and distributor contracts in the sport nutrition industry. He was also a national sales representative for Dox, LLC which was the parent company for Legal Gear also known as LG Sciences. As a point of clarification, Jeff Thomas is of no relation to Paul Thomas, one of Creative Edge Nutrition, Inc.'s original founders.

Bill Chaaban, President and CEO of Creative Edge Nutrition, Inc., stated, "Jeff Thomas adds distribution expertise that will accelerate the company's growth. We will continue to aggressively grow and expand our presence in the sports nutrition marketplace through both organic growth and strategic acquisitions."

About Science Defined Nutrition, Inc.

Developed by body builders and athletes, Science Defined Nutrition (SDN) is a leader in nutritional supplement industry. SDN's Research and Development Team has cultivated an entire litany of superlative products, with the initial proof-providing ground-breaking product ROGUE at the helm, rooted in the immeasurable passion for achieving athletic enhancement through tireless scientific scrutiny. The core Mission of SDN is to assist our customers in taking their athletic ambitions to heights unknown, without having to defy their own conscience by sacrificing their state of health to do so. www.sciencedefinednutrition.com and http://www.facebook.com/Sciencedefinednutrition

About Creative Edge Nutrition, Inc.

Creative Edge Nutrition is a holding company and a Nutritional Supplement Company focused on developing innovative, high quality supplements. The company offers a broad spectrum of capsules, tablets, and powders, as well as science based products in the principal categories of weight management, nutrition challenges, energy and fitness. The Company manufactures under strict GMP guidelines at GMP Certified and/or FDA registered facilities. www.CenergyNutrition.com and http://www.facebook.com/pages/Creative-Edge-Nutrition-Inc/115224738609211

Ah, I see! Haha, of course!! I heard this was in the works, very exciting stuff!

Go HLBC!

Where do you think this can go?

Why is there a D on the symbol now?

$BRNW Shares Outstanding 38,774,703 a/o Feb 01, 2012
Float 23,628,373 a/o Feb 01, 2012
Authorized Shares 100,000,000 a/o Feb 01, 2012
Par Value 0.0001
OTC: http://www.otcmarkets.com/stock/BRNW/company-info
10-Q. 3/30/12 http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=76574
Website: http://www.brainybrawn.com/
[sweet crude] DD post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75007444

Check out this hidden gem! $BRNW 39MILL OS!!
http://investorshub.advfn.com/Brainybrawn-Inc-BRNW-20838/

Check out $BRNW! Low float, 39mill OS
http://investorshub.advfn.com/Brainybrawn-Inc-BRNW-20838/

$BRNW 39mill OS
http://investorshub.advfn.com/Brainybrawn-Inc-BRNW-20838/

Go $ELRA!!
Great find! I'll share this with everyone on the board!

Elray Gaming ($ELRA) Issued .10 Price Target Based on Merger
By: staff reporter, Tom Bustamante
Last Updated: May 09, 2012 - 10:15am EST

(NEW YORK) --(NEW YORK) --Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), based on the acquisition of Macau gaming company, Golden Match, with a near-term target of $0.05 to $0.10 per share.

Elray Gaming announced a definative agreement to complete the acquisition of Macau gaming company, Golden Match. The company's principal business activity is a profit sharing 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) in profit, after tax.

ELRA 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 high-range of 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS.

NASDAQ Listing

In 8K filed May 9th, the Company announced plans to listing on the NASDAQ or AMEX exchange through a 100:1 reverse split. Although many investors hear reverse split and head for the hills, under the current deal this move may be a positive for investors at this level. Under the agreement, the Company has issued the shares for the merger, which consisted of an all preferred deal, which is good for the common shareholder. Now, if they had conducted the reverse split, and then issued the shares for the acquisition, that would have been a negative for shareholders. But under this agreement this should turn out to be a positive.

In addition, to file your application to list on the NASDAQ or AMEX, a stock needs to maintain a minimum price level of around $3.00 to $4.00 a share, thus under this plan investors should not see any filing to reverse split the stock until the price reaches a minimum of $0.03 to $0.04 per share.

But, post split, investors would then be holding shares of a large Macau gaming stock, with strong revenues and profit, that would be traded on the NASDAQ or AMEX, and would then become marginable, and could be recommended by retail brokerage firms. With all this in consideration, this move may end up being a strong positive for the individual shareholders on ELRA.

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. Thus, Ludlow Capital has issued a near-term target on ELRA in the range of $0.05 to $0.10 per share. (or $5.00 to $10.00 post-NASDAQ listing)

Elray Gaming ($ELRA) Issued .10 Price Target Based on Merger
By: staff reporter, Tom Bustamante
Last Updated: May 09, 2012 - 10:15am EST

(NEW YORK) --(NEW YORK) --Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), based on the acquisition of Macau gaming company, Golden Match, with a near-term target of $0.05 to $0.10 per share.

Elray Gaming announced a definative agreement to complete the acquisition of Macau gaming company, Golden Match. The company's principal business activity is a profit sharing 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) in profit, after tax.

ELRA 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 high-range of 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS.

NASDAQ Listing

In 8K filed May 9th, the Company announced plans to listing on the NASDAQ or AMEX exchange through a 100:1 reverse split. Although many investors hear reverse split and head for the hills, under the current deal this move may be a positive for investors at this level. Under the agreement, the Company has issued the shares for the merger, which consisted of an all preferred deal, which is good for the common shareholder. Now, if they had conducted the reverse split, and then issued the shares for the acquisition, that would have been a negative for shareholders. But under this agreement this should turn out to be a positive.

In addition, to file your application to list on the NASDAQ or AMEX, a stock needs to maintain a minimum price level of around $3.00 to $4.00 a share, thus under this plan investors should not see any filing to reverse split the stock until the price reaches a minimum of $0.03 to $0.04 per share.

But, post split, investors would then be holding shares of a large Macau gaming stock, with strong revenues and profit, that would be traded on the NASDAQ or AMEX, and would then become marginable, and could be recommended by retail brokerage firms. With all this in consideration, this move may end up being a strong positive for the individual shareholders on ELRA.

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. Thus, Ludlow Capital has issued a near-term target on ELRA in the range of $0.05 to $0.10 per share. (or $5.00 to $10.00 post-NASDAQ listing)

I agree, ELRA is profitable and far undervalued

It's nice to see HLBC is still holding it's own. Can't wait to see that forward split happen. That should really give us some new eyes.

Go HLBC!!

Buy the dips!! I know I'm to put in!! This split is going to put some real value in this stock! Go ELRA!

Ludlow Capital Upgrades $ECDC to .02 to .03, Short-Term (ELRA BRNW)
By: staff reporter, John Bodger
Last Updated: May 04, 2012 - 11:45am EST

(NEW YORK)--Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on East Coast Diversified Corp. (OTC:ECDC), Elray Resources, Inc. (OTC:ELRA), and Brainybrawn, Inc. (PINK:BRNW),

East Cost Diversified Corp (ECDC), through its operational subsidiary Earthsearch Communications, develops a number of GPS and social networking web and mobile applications. The Company's recent $2.5 million in equity institutional backing clears the way for the company to now execute on their business plan by rolling-out their social network web and mobile applications, and closing on larger GPS/RFID orders.

Recent valuations from Yahoo's $20 million acquisition of IntoNow, a competitive second screen TV-app such as Rogue Paper's TV-Tune In, which is now a subsidiary of Earthsearch, gives the company an immediate valuation boast. Add in the clearance of notes payable, conversion levels on recent financing no less then $0.013, and improving earnings outlook, ECDC is primed for possible breakthrough of its 200-day moving average.

Thus, Ludlow Capital upgraded its price target on ECDC to around $0.02 to $0.03 per share short-term, with a mid-term target in the $0.05 to $0.08 range, conservatively. (read full report here)

Additional Upgrades

Elray Resources, Inc (ELRA), through its operational subsidiary Elray Gaming, just finalized a very large merger this morning by acquiring a Macau gaming company out of China, which is doing around $37 million in net profit, after taxes. Based on the terms of the merger, and even taking into account dilution to complete such acquisition, and ELRA now reflecting around $30 million in net income, the stock should be worth $0.10+ post-merger, which is more then a 2000% return from its current price of $0.005 per share. (read full report)

Brainybrawn, Inc (BRNW), is a new research client that provides IT consulting and technology services out of India. The Company has very little trading history as this gem is still under almost all the trader radars, and holds a float of well under 5 million. Based on 39 million outstanding, signing of new purchase orders out of India, and their tight public float, Ludlow Capital has a short-term target on BRNW of around $0.15 to $0.20 per share, which would be a 300% to 400% return from its current price of $0.04 per share. (read full report)

Ludlow Capital Upgrades $ECDC to .02 to .03, Short-Term (ELRA BRNW)
By: staff reporter, John Bodger
Last Updated: May 04, 2012 - 11:45am EST

(NEW YORK)--Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on East Coast Diversified Corp. (OTC:ECDC), Elray Resources, Inc. (OTC:ELRA), and Brainybrawn, Inc. (PINK:BRNW),

East Cost Diversified Corp (ECDC), through its operational subsidiary Earthsearch Communications, develops a number of GPS and social networking web and mobile applications. The Company's recent $2.5 million in equity institutional backing clears the way for the company to now execute on their business plan by rolling-out their social network web and mobile applications, and closing on larger GPS/RFID orders.

Recent valuations from Yahoo's $20 million acquisition of IntoNow, a competitive second screen TV-app such as Rogue Paper's TV-Tune In, which is now a subsidiary of Earthsearch, gives the company an immediate valuation boast. Add in the clearance of notes payable, conversion levels on recent financing no less then $0.013, and improving earnings outlook, ECDC is primed for possible breakthrough of its 200-day moving average.

Thus, Ludlow Capital upgraded its price target on ECDC to around $0.02 to $0.03 per share short-term, with a mid-term target in the $0.05 to $0.08 range, conservatively. (read full report here)

Additional Upgrades

Elray Resources, Inc (ELRA), through its operational subsidiary Elray Gaming, just finalized a very large merger this morning by acquiring a Macau gaming company out of China, which is doing around $37 million in net profit, after taxes. Based on the terms of the merger, and even taking into account dilution to complete such acquisition, and ELRA now reflecting around $30 million in net income, the stock should be worth $0.10+ post-merger, which is more then a 2000% return from its current price of $0.005 per share. (read full report)

Brainybrawn, Inc (BRNW), is a new research client that provides IT consulting and technology services out of India. The Company has very little trading history as this gem is still under almost all the trader radars, and holds a float of well under 5 million. Based on 39 million outstanding, signing of new purchase orders out of India, and their tight public float, Ludlow Capital has a short-term target on BRNW of around $0.15 to $0.20 per share, which would be a 300% to 400% return from its current price of $0.04 per share. (read full report)

Ludlow Capital Upgrades $ECDC to .02 to .03, Short-Term (ELRA BRNW)
By: staff reporter, John Bodger
Last Updated: May 04, 2012 - 11:45am EST

(NEW YORK)--Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on East Coast Diversified Corp. (OTC:ECDC), Elray Resources, Inc. (OTC:ELRA), and Brainybrawn, Inc. (PINK:BRNW),

East Cost Diversified Corp (ECDC), through its operational subsidiary Earthsearch Communications, develops a number of GPS and social networking web and mobile applications. The Company's recent $2.5 million in equity institutional backing clears the way for the company to now execute on their business plan by rolling-out their social network web and mobile applications, and closing on larger GPS/RFID orders.

Recent valuations from Yahoo's $20 million acquisition of IntoNow, a competitive second screen TV-app such as Rogue Paper's TV-Tune In, which is now a subsidiary of Earthsearch, gives the company an immediate valuation boast. Add in the clearance of notes payable, conversion levels on recent financing no less then $0.013, and improving earnings outlook, ECDC is primed for possible breakthrough of its 200-day moving average.

Thus, Ludlow Capital upgraded its price target on ECDC to around $0.02 to $0.03 per share short-term, with a mid-term target in the $0.05 to $0.08 range, conservatively. (read full report here)

Additional Upgrades

Elray Resources, Inc (ELRA), through its operational subsidiary Elray Gaming, just finalized a very large merger this morning by acquiring a Macau gaming company out of China, which is doing around $37 million in net profit, after taxes. Based on the terms of the merger, and even taking into account dilution to complete such acquisition, and ELRA now reflecting around $30 million in net income, the stock should be worth $0.10+ post-merger, which is more then a 2000% return from its current price of $0.005 per share. (read full report)

Brainybrawn, Inc (BRNW), is a new research client that provides IT consulting and technology services out of India. The Company has very little trading history as this gem is still under almost all the trader radars, and holds a float of well under 5 million. Based on 39 million outstanding, signing of new purchase orders out of India, and their tight public float, Ludlow Capital has a short-term target on BRNW of around $0.15 to $0.20 per share, which would be a 300% to 400% return from its current price of $0.04 per share. (read full report)

$ELRA signs merger!!!

This merger brings in immediate $30 million net income, not revenue, but net income to ELRA right away.

ELRA should be .05+ RIGHT NOW

$ELRA looks ready to run again!!

$ECDC looking super bullish!!

Yeah, this chart is looking super bullish!!

Go ECDC!!

$ELRA Ludlow Issues .10 Target Based on Merger

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.
http://www.wallstreetnewscast.com/news/2012/may/elra-1843.html

ELRA

$ELRA Ludlow Issues .10 Target Based on Merger

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.
http://www.wallstreetnewscast.com/news/2012/may/elra-1843.html

ELRA

$ELRA Ludlow Issues .10 Target Based on Merger

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.
http://www.wallstreetnewscast.com/news/2012/may/elra-1843.html

ELRA

$ELRA Ludlow Issues .10 Target Based on Merger

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.
http://www.wallstreetnewscast.com/news/2012/may/elra-1843.html

ELRA