Elray Resources Inc (ELRA)

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Check the last 10Q, ending March 31st. There was 5 billion authorized, 1.5 billion issued and outstanding. After the 100 to 1 reverse split in May the numbers are 50 million authorized and 15 million issued and outstanding. That is why the 13G was issued. If the debt holder converted the 19 thousand and change to shares, they would have held more than ten percent. Read the paperwork, it's all there.