Elray Resources Inc (ELRA)

[anon13333]

HHG, don't get your feathers ruffled! I actually enjoy this board. This board allows me to differentiate the actual posters from those that don't have clue. My main point has always been dilution is killing any hopes of recovery with ELRA. People keep posting, I wonder what is going on with ELRA and who is buying all these shares. Hello, as Integral pointed out, these are wash sales meant to deceive, just like the T-Trades are meant to deceive. If you are not smart to figure this out, then shame on you. IMO and I said this previously, this stock will undergo another reverse split soon because they have keep it above .01. As soon they have sold enough shares above .01 and before it goes below .01, another reverse split will occur and the cycle will repeat. That is because no investor in their right mind at this point (given the dearth of information from the company) will invest. All investors that have purchased shares and are still holding are underwater. Eventually, all shareholders will be all like the person posting that said $70/share is his break-even point.