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Thursday, 08/20/2020 2:18:16 AM

Thursday, August 20, 2020 2:18:16 AM

Post# of 72405
The company operates in multiple jurisdictions. At least four that can be traced in the filings.

https://www.sec.gov/Archives/edgar/data/1402371/000147793218001760/elra_10k.htm

On page 7 of the above link we find the following

Properties

On January 22, 2018, the Company moved to Tenancy 2, Level 3, 2 Grosvenor Street, Bondi Junction, Australia. The Company pays approximately $68,585 per year plus applicable local sale tax and sharing expenses. The lease expires on November 14, 2020.

Concerning the share structure and possible DILUTION

On page 16 of the same link above it states that the share structure was 2.2 billion in December 2017.

This share structure has not changed there has been no dilution ongoing since December 2017.

In 2016 Brian Goodman received 233 million common shares of elray at 0.0004 and he has not sold them as yet.

https://www.sec.gov/Archives/edgar/data/1402371/000147793216010997/xslF345X03/form4.xml


It is true that Elray was developing and has developed a crypto currency platform.

https://www.globenewswire.com/news-release/2014/03/11/617413/10072073/en/Elray-Gaming-Provides-Security-Outline-for-Bitcoin-and-Virtual-Currency-Holdings.html

NEW YORK, March 11, 2014 (GLOBE NEWSWIRE) -- Elray Resources, Inc (OTCBB:ELRA), through its online gaming and turnkey solution subsidiary Elray Gaming, announced a security outline for the storage and holding of virtual currencies on their Dynasty Credit Exchange

https://pitchbook.com/profiles/company/267483-52#overview

However it seems after acquiring the dynasty exchange the directors at elray renamed the exchange and have not revealed it as yet. The exchange is a private exchange only open to and used by those associated with or signed up with elray, whether as an e-commerce client or a online casino client.

Also if you search the internet it seems that many businesses are using elray technology in China , Australia ect..

Goodman family own both elray and GMGI

Elra...

https://pitchbook.com/profiles/company/42311-62#overview

https://www.otcmarkets.com/stock/ELRA/profile

3651 Lindell Road
Suite D
Las Vegas, NV 89103

Gmgi
https://www.otcmarkets.com/stock/GMGI/profile

3651 Lindell Road
Suite D131
Las Vegas, NV 89103

Once elray started to become very profitable from their new deals they decided that they would go silent. That is why they filed the following forms with the sec. This allows the stock to keep trading irregardless of the late filing.

https://www.sec.gov/Archives/edgar/data/1402371/000147793219001522/0001477932-19-001522-index.htm
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