Elray Resources Inc (ELRA)

[starboard]

Totally my speculation...but it almost seems they are driving the price into the ground and doing the reverse split now to make Lai Sio I's 99,706,249 of Series A even more worthless...so whatever his share of the company is during litigation is worthless. After all, 40% of 0 is still zero, so maybe they hope he will walk away.

I just find it odd that after that deal was announced to be dead, this stock died with no effort to resuscitate it. While I am almost certain this is a scam...one would think that scammers would put out fluffy PR to try to milk this to the final drop. However, we have heard nothing since mid-summer.

Hey, in 2012 we got a new logo and a binary site that isn't promoted and doesn't make any revenue! Wo-hoo!

Lost my arse on this one.