Erayak Power Solution Group Inc (RAYA)

[Penny Grabber]

For sure. Before EOD wens before it eclipses 10 days less than that. Management obviously wants to be ahead of the curve with the SEC regarding the reverse split and scheduled a meeting right away. Under 10 cents would cause additional listing headaches that can easily be avoided.

I see it keeps getting compared to ORIS. The market cap in that one is undetermined because the management provided in an offering over 100M in cashless warrants. The reason it keeps pumping and dumping is because these warrant holders are propping up the share price, exercising at 0, and dumping it into the market.

RAYA does not have cashless warrants hanging over their head that can be exercised. I believe management and affiliated investors are accumulating shares in an event that the RS vote fails. Which I doubt, considering there were 85M or so shares outstanding before the whopping 105M shares offered at .065

Selling those shares to a known vote of "yes" on a RS and marking the "shareholders as of 8.1" the same day it closed assured them for voting control. That majority of shares for 7M didnt go just anywhere...

Definately see this pumping though before the meeting. Over .10 by EOD Wens and a bigger jump the week after. No reason this shouldn't trade at 1.5x sales. 45M. 26c/share. Minimum.

RS could even be cancelled. It traded at 150M Market cap this year. With the new share count thats only $1.26/share.

The RS vote is to vote if its needed down the road. Doesnt mean they will or it will ever be executed. Just done in case its essential.

Should be a really great few weeks in this one.

Cheers.