Elray Resources Inc (ELRA)

[starboard]

Seems like some see both short and long-term opportunities with ELRA. Here is what I noted from the post...

ELRA~ I have found another that I believe the bottom is IN on and we may have opportunity to capitalize on a Flex4/50. This was .001 Plus a week ago and everyone knows I play and love the .oos. This one just had the sell-off completed today and we Bouce this bottom. I did not throw a lot of money at this as I saw VFIN on the Ask. That said I went thru the filings and discovered there is Asher debt . (On February 1, 2012, the Company entered into a convertible promissory note with Asher Enterprises, Inc. (“Asher”) for $42,500 (the “First Asher Note”). The note bears interest at 8% and matures on November 6, 2012.J”) here. Here is what I see. Asher converted and Sold everything they could to this point over the last 3 trading days,imo, and cannot hit the cookie jar again until Nov 6th so there is a window for the pps to move 40-75%,imo, before they sell em off again with no regard for shareholders. Also the board has been curious as I read thru posts about whether there platform was up and running and below the link shows you that indeed it is. Working Trading platform that imo Must generate revenue http://www.goldenmatrixbinary.com/


Everyone knows how lucrative online gaming is and Elray has several sites. Just because we cannot legally gamble in the US does not mean other markets have no objection. When the US finally legalizes it and finds a way to tax it Legal it will be and November is not far off.


I think something big may eventually erupt here but Short term. I see a good opportunity for a quick Flex.and remember to take your profits always.