Elray Resources Inc (ELRA)

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There is your flaw, the Chinese have been online gambling for over 20 years now. I worked with Prudential Bache (back when they existed as Pru) to set up a bank in the Turks and Caicos specifically designed to transact online gaming. ELRA is beyond late to the game. The barrier to entry in this sector is difficult as Chinese gamblers are creatures of habit and already have an affinity.

Secondly, if by your random suggestion of $80 million in revenue, with casino revenue, you cannot book it that way. If you did any actuary study on gaming, it is designed for about 10% based on probability. So with this company's spending habits, $8 million in revenue, even if you really think they can achieve 80 million users, is hardly a drop in the bucket.

Does Melissa Diaz just make this stuff up, such as pulling numbers out of her rear end? Does she even know what an actuary is? No.

I can tell you, this company has no clue what they are doing or talking about.