Elray Resources Inc (ELRA)

[anon13333]

Thank you for dissecting my post. Bottom line, this company is diluting more than any company I have ever seen. Since 01/25/2013, the total shares issued amount to over 36 Billion. Is 36 Billion issued shares since 2013 and cash of $9,097 low float? Where is that money? With every reverse split the float does get lower and so does your investment. Yes some people are lucky enough to make money if their timing is exactly perfect. A few days ago as you mention ,when the stock price was .008 on the bid, the ask was .015. Now if you were lucky enough to buy below .015 you could have made a little money yesterday and earlier this morning. With bid currently at .0155, there is little to any money to be made now. Finally, I know all stocks are risky, hell the stock market is smoke and mirrors, but there are companies with a product that actually make money. This company makes money by selling shares and again to support a company that is making money by selling shares with no other of income is akin to theft because in the end you will more than likely lose your hard earned money. I know the PR said that were "getting generating considerable gaming activity." It said nothing about how much money that equals. Please feel free to dissect this post so that I may provide a retort.