Elray Resources Inc (ELRA)

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Amended 10-K says they are hiring:

To remediate our internal control weaknesses, management intends to implement the following measures:

-The Company will add sufficient number of independent directors to the board and appoint an audit committee.

-The Company will add sufficient knowledgeable accounting personnel to properly segregate duties and to effect a timely, accurate preparation of the financial statements.

-Upon the hiring of additional accounting personnel, the Company will develop and maintain adequate written accounting policies and procedures.


Reporting was the one thing they had consistently done... maybe this is something being pushed to prepare for online gambling in the US? Have to meet tighter regulations here.