Elray Resources Inc (ELRA)

[Taylor Orion]

Anybody else notice no dilutive MM's on the ask? Their absence is somewhat encouraging, despite the amount of shares burned off this morning. ELRA should have cut down their convertibles rather significantly again. I still think they are asking for people to convert, to clear debts. With tax season in, it is a good way for them to get some nice deductions racked up, while the companies selling off their convertibles will be paying heavy taxes on gains.