Elray Resources Inc (ELRA)

[Taylor Orion]

New 13g action date was 6 October. Don't know if anybody paid attention to that. This is a late filing to catch up on prior share issuance. When he received his shares, the company still only had 700 MM o/s. Now it is dramatically higher. Honest opinion folks - they stopped the R/S to just hold off until later. It may be in the near future, once more notes have sold off and they are at fully diluted potential. There will probably be another wagering monthly statement that will cause a temporary spike, but won't last much longer than a couple days. ELRA is getting ugly, unless they have around 40MM in wagering for November. Exponential growth would be needed here, to make a difference.