Elray Resources Inc (ELRA)

[Taylor Orion]

Exactly. The only problem with issuance and resale is if the "accredited investors" are actually privy to information on the company that is not available publically. If this were the case, then it would be illegal for them to sell shares into the market until all information regarding the company's business is publicized to the extent of the knowledge they know of. Otherwise, they can just burn it out. At least we know where that dilution was coming from now.