"Elray will apply for a dual or single listing on a European market within 90 days of completion of the 2012 audit" Dual-listing benefits - Increased visibility and brand awareness - Broadened investor base - Eligibility for inclusion in key primary European indexes - Greater liquidity and valuations http://www.nasdaqomx.com/listing/europe/secondarylisting/
Why/How R/S benefits ELRA shareholders - Since the pps must be at a minimum of .04 before the 1:100 R/S can be applied, a NASDAQ uplisting will GUARANTEE a 400%+ return for any shares bought under .01
"Although many investors hear reverse split and head for the hills, under the current deal this move may be a positive for investors at this level. Under the agreement, the Company has issued the shares for the merger, which consisted of an all preferred deal, which is good for the common shareholder." "The primary benefit of a reverse stock split is that it makes the price more attractive to buyers. Many mutual funds and other institutional buyers are prevented by regulation from purchasing stocks trading below $1 (or $5 in many cases)." http://www.ehow.com/list_6559438_benefits-reverse-stock-splits_.html
"Reverse stock split advantages are especially beneficial for the company issuing the transaction. This is true since the split does not impact the financial holding of an investor." "Since a reverse split raises a stock's per share price by eliminating a percentage of outstanding shares, a result of the reverse split is that it appears demand in a stock went up, which could prompt momentum investors to purchase shares. " http://www.wisegeek.com/what-is-a-reverse-stock-split.htm
Profitability / Why ELRA will likely receive a promo/recommendations from Wall Street brokerage firms upon listing "The company's current revenues are around 35 million US dollars per annum and has a wagering turnover of around 300 million US dollars per month" "Macau benefits from its proximity to the world's largest pool of gaming patrons. Macau is also the only market in Greater China to offer legalized casino gaming and its gaming revenues are currently five times that of Vegas." "Macau Gaming revenues hit $33.5 bilion in 2011 and is expected to rise rise by 22 in 2012. March figures already shown a revenue surge of 24.4% and are in line with forecasts." http://www.elraygaming.com/gaming.html";
"Over the past 5 months, CALI generated approximately $17 million (US) profit after tax." "Ludlow Capital has issued a near-term target on ELRA in the range of $0.05 to $0.10 per share. (or $5.00 to $10.00 post-NASDAQ listing) " http://www.wallstreetnewscast.com/news/2012/may/elra-2745.html
- Personal opinions about the firms on Wall Street aside, every investor is well aware of the fact that they have successfully promoted a countless number of newly listed companies with little or no revenue. Considering the company's revenue stream and profits, there is no doubt in my mind that ELRA will have these firms drooling. (The funny thing is that these promos can end up inflating the stock price more then any positive PR.)
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