That's where the free share ideal comes in. Make some money, whether it be to simply cover costs or actually take some profit on the fast turns, and hold onto at least a small percentage of the share base for building your high risk portfolio for long term.

The only way a deal would be struck with a major player is when a company gains significant traction in terms of revenue, or starts intruding heavily on a competitor's market. With consideration to the fact this isn't showing large jumps in revenue growth, I would say that it isn't quite the best of possibilities at the moment. I just worked with a friend of mine that has a one of a kind cyber security solution (better than anything currently on the market), and Microsoft is actually interested. Even then - same message, Microsoft wants to see signs of obvious market traction. This could take another two years even for a tech company; obviously they continue to update and evolve their software to stay ahead of everyone to include 3 and 4 point ID verification. For those who would ask - they are an S Corp, and have no intention of going public (which I have tried to convince them to do).

It has been quite some time since I have posted here, but you are quite correct in your timeline on most beverage companies. I would estimate this to be a slow burner that should be ready for signifcant stable movement in approximately 2 years, though instead. It is a bit under the usual, but the 5 or 6 years might not be necessary with the production capability and faster than normal growth of distribution. The only way it would take less time than that is if sales accelerate faster than even the company has previously stated and projected. After all, around 6 months ago they did already state anticipating incurring up to approximately 25 million in debt before realizing significant growth and gains. For all those that don't quite grasp what I am saying - this is not a normal day trading stock. There are not dependable gains in the short term. However, if you want to squirrel away some low priced shares for an extended period of time, then you can do so with this.

Was there even any public notification of an R/S? If there was, I must have completely missed it.

I wonder what amount if shares convertible debt holders have now. Tons of shares have been siphoned off. Maybe the end is near?

Blackridge had a statement of ownership published on the 19th, and everybody thinks the company is the one diluting? I would say definitely Blackridge. Common sense, folks. Maybe some by TCEL, but if only to pay taxes for the year.

Anybody else notice no dilutive MM's on the ask? Their absence is somewhat encouraging, despite the amount of shares burned off this morning. ELRA should have cut down their convertibles rather significantly again. I still think they are asking for people to convert, to clear debts. With tax season in, it is a good way for them to get some nice deductions racked up, while the companies selling off their convertibles will be paying heavy taxes on gains.

I must say I find it quite interesting that you replied to a post of mine from back in June. Is that purely coincidental, or were you genuinely asking for a response from me?

As far as the volume of shares traded lately - the amount that has been going still has not been worth over $5k, typically (there are few exceptions over the last few months). The light increase and push to .005 doesn't actually seem very significant IMO. It mainly appears to be some possible bottom players just judging momentum swing and testing to see reaction of purchases. The amount set for sale was most likely so low - due to older investor complete loss of confidence or unwillingness to sell until tax loss season - that the actual volume traded at .005 wasn't much more than a paint. At these levels it is bound to attract some attention simply for the percentage turnover; and quite possibly hopes of another short run foe a quick flip. Another possibility is an internal pump, to judge market reaction as well. Without any definitive evidence from the company or outside sources as to the validity of claims or ongoing business models, everything is pure speculation. The logical thought, though, still rules in favor of it not making a solid recovery soon, based upon the radio silence for an extended period of time. The only detail that makes me somewhat curious is the same as I have wondered about for a few months now - why hasn't this company been delisted if they are in fact completely fraudulent, and how is Tom not slammed with charges if this were the case? It is quite strange.

Pertaining to any lawsuits against the company - I wouldn't think anybody believes it's worth their time right now, anyhow.

It would be interesting to see a new development, though.

Selling has subsided, but we have a heavy influx of the 14% spread flippers (which is understandable) that are going to keep this at these levels until a news drop; or worse - heavier dilution.

ELRA traded exactly as expected today. Especially after holiday weekends and odd trading weeks, Monday is not the usual time for a good run without news. I would expect an increase in volume and price in the next few days, hopefully spurned by a news drop on November wagering activity numbers. Remember how to trade folks - ease on the ask and stagger in smaller blocks moving up over the ask to draw MM's with the flow. Otherwise, good luck to everybody here! Should be an interesting week.

I don't think you understand the difference between wagering activities and revenues. The wagering activity reported for October equates to only about 2.5% in revenue. So $10 MM in wagering would be equal to roughly $250k in revenues. If the wagering activity has tripled, then excellent, since that would still only be revenues for 1 month (around $750k a month is a great progression, but somewhat doubtful of those numbers). I would look for news by Wednesday, though, not Monday. An increase of 150-200% in a day may be reasonable if the numbers have doubled, though. 500% increase is almost like wishing on the stars. There is no valid reason it would run that high, especially with the conversions still on the table.

I wouldn't do it now. It could have been done the first hard run up. Then you could have banked 15k immediately and let the rest ride. Always staggering sales up and over the ask, with minimal bid splashes, since there was so much buying pressure. Right now, it wouldn't be the best idea until more developments come out. You could try buying up about 5k and placing a bid in low, to try and keep the floor together. The large order sales have mostly been backroom buys. I believe them to be naked short positions being covered. This should hold for now, and they have had a decent amount of their notes already converted and diluted. Now would be the time for CD holders to load back up, if they wanted to convert, and then let it bleed out in the next run again. Like you said, we shall see. Happy Thanksgiving to you!

You can throw up to 10k, as long as the volume is there and you move fast. Otherwise 1-5k at a time, and break down trades to push through resistance. He is probably the moron stacking the ask to high heaven, for a tremendous loss, as well. You are right though, can't reason with the unreasonable.

The fact that you would funnel over 10k into an unstable and extremely risky penny stock is your own fault. That is just foolish. You also bought heavy into a run. Mistake #2. Then didn't watch the spread or check fundamental analysis at all. It is not the CEO's fault you have no idea how to trade. Nothing has been published, that is a false statement. No fraud occurrence here, unless you consider defrauding yourself.

If there is a good numbers drop for news of November's wagering activities, and people get out of the way, this can move. At its current standing, though, this is hard to tell whether it will have another triple bottom bounce or not.

Folks, moving asks to .001/.0011 could make a world of difference in price movement today. Also breaking asks down to smaller blocks may cost extra in trading fees, but with the small moves = higher percentage gains, those fees will pay for themselves when staggered up. Otherwise you encourage people to sit lower with their bids. Just trying to help. Hopefully it works. Was hoping for November numbers this week, but not sure we will definitely get those yet.

I wonder what note is being converted this morning.

Buying volume still solidly outpaced sales, as of now. Some are still loading pretty hard. Interesting numbers going.

Next wave is coming, I think. Still a chance at a 14 break. Next week is most likely announcement of November wagering numbers. Wouldn't publish those on a Friday, anyhow. Looks like another note converted this morning and has already been burned off. I said this before - it really seems that the company is trying to have all old debt converted and sold off now. Bad news is, it could be in preparation for an R/S. Good news - they are probably doing so to secure the lottery.com domain. Once that is done, then this craziness turns into a rush up. However, the timeline is still not easy to read. All speculation, of course, but just a logical possibility.

NITE and CSTI leading ask stacking again. Scottrader is not trading intelligently.

VFIN is being used by retail traders. That MM can be selected in offshore accounts.

Rookie ask stackers - you won't get that price for your shares if you keep it in such a large block. Break it down and stagger it up and over the ask for more money. Until then, you just keep it suppressed.

New 13g action date was 6 October. Don't know if anybody paid attention to that. This is a late filing to catch up on prior share issuance. When he received his shares, the company still only had 700 MM o/s. Now it is dramatically higher. Honest opinion folks - they stopped the R/S to just hold off until later. It may be in the near future, once more notes have sold off and they are at fully diluted potential. There will probably be another wagering monthly statement that will cause a temporary spike, but won't last much longer than a couple days. ELRA is getting ugly, unless they have around 40MM in wagering for November. Exponential growth would be needed here, to make a difference.

They already stated subsequent share issuances of 849 MM shares after the Q period ending, I believe. It should have wiped another 1-1.5 MM debt out, all in that single month. However, they also issued more convertible notes. (I still am holding a small position here, in hopes of that publication of high November wagering rates.) They should be pulling about 2.5% of all wagering activities, which does show a rather significant increase in revenues, but still going to need more. The conversion rates are my main concern. They haven't been very successful in paying notes early so far, so my confidence of that is not very high. All depends on the November numbers and sign of significant increase in wagering activities, or confirmation of break in on Chinese market.

That is decent, but the amount of dilution required for that debt reduction was aeound 1 B shares. The conversion terms on most of the notes have 40-50% of the lowest three trading days in the past (x) length of time. So their revenues must be increased dramatically or stock value must increase significantly to be able to sell shares at a lesser rate than the current dilution requirements.

The biggest issue still overhanging on the quarterly was the amount of convertible debt and the conversion terms. News of November's revenues would have to be very high for it to jump that much.

ETRD again hanging heavy on the ask. All retail flips again.

The PR was nice, but the quarterly wasn't too great. That's why this dropped on the 10q publication.

Need good information to support aggressive buying actions here.

Good to see mainly dilutive MM's aren't hovering around the bid/ask spread again. Looks like all retail that wanted out got out, too, with the top end so thin.

Wow. That could make your share count somewhat cumbersome. Lol. Although another solid PR of increased wagering activities would most likely send this on at least a temporary spike.

Not sure on that one. I think the dilution has been temporarily abated. Today was a selloff of retail, I believe. Might actually see a small rise tomorrow, but not by too much, unless better news drops than the 10q and current numbers.

Wow. The conversion rates on the notes issued are despicable. Either these guys are downright desperate in necessity to raise funds, or they are supremely confident they can pay the notes quickly. The latter looks to be rather unlikely, to be honest here. Quite disappointed in the ongoing business model of a company that is supposed to be on the verge of generating significant revenues. 841 MM shares issued for conversion of old notes should have cleared the majority of it up, but due to conversion terms, it does not appear that a majority of debt has been repaid. They had better have some damned good numbers for the month of November, and I am speaking of an exponential increase, if there is going to be any hope for a good recovery. Like I said, very disappointed. Just an honest opinion.

The ask stacking could be hotstocked owners, with the report they put out. I would more be inclined to believe that they are the ones on the ask, to entice people to sell, and then as soon as they are loaded (through offshore trading platforms, by specific selection of diluting MM's) they will publish an article to pump this as high as they can, only so they can sell into the run. Then rinse and repeat until the 10q gives solid information of valuation. This would be much more likely than the retail MM's themselves trying to short anything here. They could also be moronic followers of that criminal site who still believe the BS they publish, and are now panicking.

Hotstocked? Oh god that's a horrible site. I believe those are some Bolivian scam artists that the SEC just can't extend their reach to shut down. They have really hustled a lot of people by frontloading and then pumping a stock, only to sell into everybody that follows them. I have to check if it is the same people I am thinking of.

He broke some very basic trading rules:

1. DON'T INVEST MONEY YOU CAN'T AFFORD TO LOSE.
2. BUY LOW, SELL HIGH.
3. THE NAME OF THE GAME IS MONEY - PLAY A STOCK ANY WAY YOU CAN TO EARN, AND TIME IT RIGHT.
4. TRADE ON YOUR OWN DD, NOT SOMEBODY ELSE'S - IN THE END YOU ONLY HAVE YOURSELF TO BLAME.
5. DON'T WHINE IF YOU LOSE MONEY, STOCKS HAVE GOOD AND BAD DAYS.

I put it in a caps, so maybe he would understand. Haha. People are ridiculous sometimes.

So many diluting MM's on the bid with lots of hidden share lots. Very interesting to see ALL of them there.

I wouldn't necessarily agree with that assumption. With regard to the drop in convertible debt, and the recent increase in wagering activities, along with 3rd Q acquisitions of assets - it may be okay. Even if there is activity and revenue incurred after the 3rd Q, they will most likely include it all in the 10q. So we could see a large reduction in debt and increase to assets, as well as a rise in revenues. The bad would be in the form of more issued convertibles or the company using stock to dilute highly for cash flows instead of paying debt. It looks like convertible debt should be reduced by over 50%, though, from the quarter before. Revenues should show a significant increase, though, with new wagering activity. Hoping the MD&A is thorough in its explanation of expectations and future expansions.

Looks like an upswing for a few days is in motion, without the dilution runs. Bottom swing players in motion for a decent run. Still need better news from the company on revenues for a solid jump, though.

It looks like ELRA may be asking companies to convert shares to clean the balance sheet up for the 10q. Lots of convertibles are being issued/disappearing quickly now. It will be interesting to see the new total convertibles remaining.