Elray Resources Inc (ELRA)

[anon13333]

Why are you and others so surprised by the dilution? Or are you surprised that it is happening so soon after the r/s? This is why the 1 for 10 r/s happened...so they could dilute it back down to .01 and then reverse split again and then dilute. This will continue until the convertibles are satisfied. I am glad to see that no one in their right mind is buying these "cheapies." However, I still don't understand why people don't sell and move on with some money. If another reverse split happens this year, it will be become increasingly impossible to recover monies invested.