Elray Resources Inc (ELRA)

[Taylor Orion]

It could be MM collaboration to drive the price down to cover losses from naked short positions last week, if it is a mainly MM driven wash. Otherwise the note holders may be trying to tank the price for averaging of prices over the 7 day period, for future conversion. Both of those scenarios could be in anticipation of a run, to load for more shares. It also just could be direct company dilution, which shouldn't be necessary if the gaming volume and revenues are doing well. Many possibilities here, so I just requested an updated S/S. All MM's listed are in fact usual handlers of this security, though. It is an odd run down, though, but retail isn't helping with the ask stacking. Now it is simply just waiting on further information.