Elray Resources Inc (ELRA)

[jesusmve77]

this is my concerns I send a email waiting for response
Hi my name is I'm shareholder for Elrays ELRA and I have some questions regarding the revenues filled on the 10q.

Since July 15 the company report in a press release saying a jv have been successful and for 45 days the wagering was  have been 68 millions. In the same press release the company said that the game must played is baccarat and the net income of that game is around 1.5% of money wagered.

In a prior press release when the company announced that jv the company said that the expected revenue going to be up to 48% of net revenues.

Why none of this revenue money is filled in  the Q2 and Q3 reports. The company only filled 67k of revenues from a casino administration.

Did I missing something here?

Also in one of the last press releases the company announced that money's wagered from one of the jv surpass 10m and that the electerd yield is 2.5% of money's wagered.
My question is the 2.5% is all for Elrays or from the 2.5% yield revenues Elra will have a percent from the jv.

I will like to be clarified on this issues I'm already heavy invested and looking to add more but I have sine concerns about this aspects.
Any help the company can bring is appreciated.
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