Elray Resources Inc (ELRA)

[Jerry70]

$ ELRA. 0/S UPDATE AS OF 10/1/2014.

OS #'s updated per the TA as of 10/1/14. A decently low OS for a Penny play at 391 million OS despite the dilution over the past 5 months.

5/02 5.6 million OS (at time of 1 for 10 R/S)
5/29 8.6 million OS
6/12 9.7 million OS
6/26/ 12.2 million OS
7/7/14 30.7 million OS
7/16/14 38.1 million OS
7/25/14 47.7 million OS
8/8/14 76 million OS
8/11/14 79 million OS
8/12/14 91 million OS
8/18/14 141.2 million OS
8/23/14 159.8 million OS
8/28/14 210.8 million OS
8/29/14 229.1 million OS
9/09/14 261.4 million OS
9/19/14 332.4 million OS
9/24/14 332.4 million OS (no increase over the past 3 days despite hundreds of million in volume)!!
9/26/14 332.4 million OS (Again, no increase this week!!!!!!!)
10/01/14 391.3 million OS

Float still Very low IMO due the Huge number of Shares that have been traded, especially over the past couple of weeks. Level2 shows it & the Volume shows that the Float is getting tighter and weak hands selling into stronger hands JMO.