Elray Resources Inc (ELRA)

[Taylor Orion]

The only nice thing about that is now we know where all the shares came from, and that at least that convertible noteholder has been paid off. Those old note conditions were set horribly, but the more they fulfill, the less debt the company has on its 10q. It makes the balance sheet look a little better, but hurts shareholder in the interim, until the company shows sign of generating significant revenues.