Elray Resources Inc (ELRA)

[anon13333]

I am long this stock and this is my first post on this board. Based on todays action, I just want to provide the following insight.

I find the last trades as a bit suspicious. Here they are
15:58:43 227500 .0557
15:58:45 100 .0639
15:59:20 100 .0639
16:00:24 10000 .0625

The ask jumped to .0639 on two 100 share trades???

Current bid/ask .0555/.0625

I tend to agree with Gary that with a volume of 2.1M the price should have increased more and I think the +33% that may appear to some respect as "painting the tape" and disguising what is really going on. I am not saying that dilution has occurred, but based on the price action of Friday and today, there definitely appears to be more shares available. I am anxiously awaiting an 8K to confirm these suspicions. I welcome any and all comments.