Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The companies that you listed have multiple gaming licenses.
GLTA
Bob
The online gaming business in the United States will be ceded to the companies that either have, or can get Gaming Licenses in multiple states. A number of companies already fit the bill. Because of its background, GMGI has no chance of ever getting a Gaming License in a single state.
Until GMGI can prove the ability to get Gaming Licenses this company is just a momentum play that requires Investors to get out at the right time or lose most of their investment.
GLTA
Bob
GMGI - This is the reason GMGI will NEVER be a player in the online betting market:
New Jersey Gaming License
GMGI will not be able to get a gaming license in New Jersey or any other state. Reason number one is that Goodman would never pass a required background check!
GLTA
Bob
GMGI - A company's finances have to be in excellent order to get a gaming license. The huge percentage of convertible debt on GMGI's balance sheet is a fatal red flag.
GLTA
Bob
GMGI - Convertible debt will prevent all states in the United States from giving GMGI a gaming license. Convertible debt proves that GMGI is not in a sustainable financial condition in the eyes of Gaming Commissioners. GMGI has no chance of entering the sports betting market in the United States!
GLTA
Bob
ELRA - Convertible debt will prevent all states in the United States from giving ELRA a gaming license. Convertible debt proves that ELRA is not in a sustainable financial condition in the eyes of Gaming Commissioners. ELRA has no chance of entering the sports betting market in the United States!
GLTA
Bob
ELRA - This is the reason ELRA will NEVER be a player in the online betting market:
New Jersey Gaming License
Elray Resources will not be able to get a gaming license in New Jersey or any other state. Reason number one is that Goodman would never pass a required background check!
GLTA
Bob
It is up to each state to decide if sports betting will be legal. States that legalize sports betting will then require state gaming licenses before a company can engage in taking bets. ELRA will never get gaming licenses.
GLTA
Bob
ELRA - Why is their email address down? :
p3plibsmtp02-12.prod.phx3.secureserver.net rejected your message to the following email addresses:
info@elraytechnologies.com (info@elraytechnologies.com)
The address you sent your message to wasn't found at the destination domain. It might be misspelled or it might not exist. Try to fix the problem by doing one or more of the following:
Send the message again, but before you do, delete and retype the address. If your email program automatically suggests an address to use, don't select it.
Clear the recipient AutoComplete cache in your email program by following the steps in this article: Status code 5.1.1. Then resend the message, but before you do, be sure to delete and retype the address.
Contact the recipient by some other means (by phone, for example) to confirm you're using the right address. Ask them if they've set up an email forwarding rule that could be forwarding your message to an incorrect address.
p3plibsmtp02-12.prod.phx3.secureserver.net gave this error:
<info@elraytechnologies.com> Recipient not found. <http://x.co/irbounce>
GLTA
Bob
The Nevada Gaming Application is used as a template for other states applications.
Here is the process ELRA would have to go through to get approved, barring negative information about the Primaries in ELRA including Goodman:
https://www.lrrc.com/files/uploads/documents/obtaining%20nonrestricted%20gaming%20license.pdf
GLTA
Bob
The online gaming business in the United States will be ceded to the companies that either have, or can get Gaming Licenses in multiple states. A number of companies already fit the bill. Because of its background, ELRA has almost no chance of ever getting a Gaming License in a single state.
Until ELRA can prove the ability to get Gaming Licenses this company is just a momentum play that requires Investors to get out at the right time or lose most of their investment.
GLTA
Bob
Sports books will be big for companies with Gaming Licenses in multiple states. It will be almost impossible for ELRA to qualify for a single gaming license.
GLTA
Bob
ELRA - The link that I posted to the Nevada Secretary of State provides necessary due diligence for anyone that is considering investing in ELRA. The stock history of the company is there for everyone to see.
GLTA
Bob
ELRA - Info for all requested stock splits from the Nevada Secretary of State:
Nevada Secretary of State
GLTA
Bob
ELRA - The pattern of promotions for ELRA remains the same, with each iteration leading to a lower high. As is typical with this type of company, it is no longer about becoming successful - that ship sailed a long time ago - it is about wringing as much money from Investors as possible.
GLTA
Bob
ELRA is at .0001 now.
GLTA
BOb
ELRA has been destroying Shareholder wealth for years. The biggest component of this is that the company has decided to get financing through convertible debt, meaning that the financers can sell new company shares to recover the loans as long as there are authorized shares available.
This is called dilution!!
Another impact of drinking the convertible debt Kool-Aid is that the debt holders force ELRA into reverse splits to provide more shares to dilute. The end appears very close for ELRA since the state of Nevada seems to be preventing a requested reverse split for the past year.
I expect that the promotion over the past week has been a last effort by the Convertible Debt Holders to raise money through diluting shares prior to taking direct control of ELRA assets.
Shareholders of course, will be left with nothing.
It is better to check 10-Qs and 10-Ks for convertible debt exposure before ever following stock board leads in investment decisions, particularly when dealing with sub-penny stocks.
GLTA
Bob
ELRA - 5 year price chart:
One of today's shares would have been worth $600,000.00 on 4/29/2013 thanks to all of the reverse splits.
Click here for chart
GLTA
Bob
ELRA - Note: There is a link in the intro that takes you to a list of ELRA SEC filings. Always do your own research!
GLTA
Bob
ELRA - There is simply nothing to see here.
GLTA
Bob
ELRA - No trades in over a week. It sure looks like the party is over!
GLTA
Bob
Very creative. I had verified the message with an ASCII to text tool I found online.
GLTA
Bob
Gaming Standards Association Creates Landmark TPI (Third-Party Interface) Standard, Streamlining iGaming Platform Interfaces
Link to article
GLTA
Bob
ELRA looks like it has entered the dead zone!
GLTA
Bob
The share structure is bad with multiple reverse splits and a huge amount of convertible debt.
GLTA
Bob
Worth 8 cents if the price per share ever went up to a penny - without a reverse split, that is.
GLTA
Bob
The fact that convertible debt on OTC stocks is transferrable should frighten any long term investor on a stock like ELRA.
I would like to see a rule by the SEC that made it illegal to transfer convertible debt for any stock with a price less than $1.00.
GLTA
Bob
The biggest takeaway from the past two months is that SANP is not a good investment. If someone is nimble enough they can make money trading SANP but not by holding it.
GLTA
Bob
I would be somewhat surprised if it got over .0012 again before a reverse split.
GLTA
Bob
If I had to guess, there will be another organized promotion. The subsequent stock price increase will reach a lower high than this time and the price for SANP at the end will be even lower.
After that, I would expect a period of short term investing trying to buy at 0.0001 and sell at 0.0002.
Then at least an attempt at a reverse split so that the pattern can be repeated albeit in a shorter time frame.
GLTA
Bob
A 4 year old PR with no follow up. So, no it isn't true.
GLTA
Bob
That usually means that the O/S will double again in 3 months. Of course, that would mean increasing the A/S but no problem with that. A reverse split would also provide room.
GLTA
Bob
See Link:
Link to stickie
GLTA
Bob
The volatility is great for Traders. The historic dilution is terrible for Investors.
GLTA
Bob
SANP looks to be a good place for nimble Traders at the moment and an awful stock for Investors.
GLTA
Bob
The "dreaded reverse split" comes around when all authorized shares have been issued. Then the Convertible Debt Holders put the screws to SANP so that a reverse split can allow them to continue to dilute. Rinse and Repeat!
GLTA
Bob
Issued and outstanding are likely to be over 7B by the end of the week!
GLTA
Bob
It looks like the Convertible Debt Holders were loaded with stocks that they could sell!
GLTA,
Bob
Convertible Debt Kool-Aid.
GLTA
Bob