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Agreed. Could all be cleared up quickly with an update from the company. Their silence is the main reason for the free fall. Would have been nice if they would have gone on offense after the merger fell thru. JMO.
Still here...just patiently waiting for some news/updates/volume.
Actually, this ran up last December with the announcement of the DOJ Gambling ruling. It pulled back a bit, but stayed close to a penny for a while, as the company was communicating regularly and there seemed to be some momentum. Then, when the Macau deal was not finalized, many folks bailed and the share price started to decline.
Last week was the first real volume we have seen in a while. It would be a great time for ELRA to provide an update and some tangible news. I know many here are still waiting on the investor conference call.
That being said, I agree with modrica about the Macau deal. It was not a part of the core biz plan that drove this stock up last year. While it seemed to be a big deal, it does not seem to change ELRA's fundamental plan to develop online gaming and trading platforms. However, confirmation from the company would be a nice affirmation of this.
Just my opinion.
Yes, stocks are down across the board...typical Friday sell-off.
ELRA is still up 60% from earlier this week...L2 looks good and is showing support. Next week should be interesting.
seems to be a pattern this week...slow mornings, active afternoons.
You are probably right! Up to 141 followers, too.
Nice! Thanks Modrica.
It seems a few others also noticed the charts and shared the opportunity with their followers. Post 6842 is a good example of this.
Yesterday's volume was over 50 million
Hi Modrica....according to the last filing, that was the amount reported for cash on hand.
Seems like some see both short and long-term opportunities with ELRA. Here is what I noted from the post...
ELRA~ I have found another that I believe the bottom is IN on and we may have opportunity to capitalize on a Flex4/50. This was .001 Plus a week ago and everyone knows I play and love the .oos. This one just had the sell-off completed today and we Bouce this bottom. I did not throw a lot of money at this as I saw VFIN on the Ask. That said I went thru the filings and discovered there is Asher debt . (On February 1, 2012, the Company entered into a convertible promissory note with Asher Enterprises, Inc. (“Asher”) for $42,500 (the “First Asher Note”). The note bears interest at 8% and matures on November 6, 2012.J”) here. Here is what I see. Asher converted and Sold everything they could to this point over the last 3 trading days,imo, and cannot hit the cookie jar again until Nov 6th so there is a window for the pps to move 40-75%,imo, before they sell em off again with no regard for shareholders. Also the board has been curious as I read thru posts about whether there platform was up and running and below the link shows you that indeed it is. Working Trading platform that imo Must generate revenue http://www.goldenmatrixbinary.com/
Everyone knows how lucrative online gaming is and Elray has several sites. Just because we cannot legally gamble in the US does not mean other markets have no objection. When the US finally legalizes it and finds a way to tax it Legal it will be and November is not far off.
I think something big may eventually erupt here but Short term. I see a good opportunity for a quick Flex.and remember to take your profits always.
It seems some very astute investors see some real opportunities here. Read post # 6840....it contains some very impressive DD.
Agreed.
It just doesn't add up to me. The company has been by-the-book with their SEC filings and has announced new websites/product lines within the last 90 days. Hardly sounds like a scam...but it certainly doesn't look good. One update from the company could stop the bleeding...but now there is hardly any blood left.
From PennyStock Gurus.com
"At the start of 2012 I posted charts to watch heading into the year. All of them rose 150% or more: http://pennystockgurus.blogspot.com/2012/02/150-or-bust.html
With the year 67% over I have five charts to watch. I think all five will at some point post an over 100% gain from their current prices. The stocks are UYMG at $.001, ERBB at $.0021, STKO at $.001, ELRA at $.0012 and MCVE at $.03."
http://thepennystockgurus.com/
Hey ImRyano,
Typically, if the market maker upticked from their last order/quote, it's green...if the market maker downticked from their last quote/order, it's red...if they haven't moved, it's black.
Agreed. Hopefully, they'll come back with a plan that puts the recent news to rest and returns the focus to the core biz model.
Yeah, the first time I read it after I got in, I had the same reaction. Then I looked back at all the reports and saw it was consistent throughout.
At least they are filing and amending. Many others in penny land never file any of these reports.
I am still optimistic on this one...
It's been in every report I have ever seen. I believe that is a required statement until sufficient revenue is generated.
In the full report, or in the explanation of the amendments?
Amended quarterly report...
http://ih.advfn.com/p.php?pid=nmona&article=54125547
You may try clearing out your browser and refreshing. If this site is hosted by GoDaddy, it probably went down yesterday and you may be loading old pages.
Here you go...
http://www.elraygaming.com/gaming.html
It says the gaming page is currently being updated...we can only hope that is true.