Elray Resources Inc (ELRA)

[Bob22701]

ELRA - It seems likely that the latest request for a RS was delayed because of an active SEC investigation. That may explain ELRA actually proposing the penalty so that they could then get the RS approved because of the investigation going away.

Expect ELRA to find a way to squeeze more money out of people. It isn't just the convertible debt holders. Now the company also has to pay fines to the U.S. Government.

My expectation is that ELRA has become an even worse investment, if that is possible.

GLTA
Bob