Elray Resources Inc (ELRA)

[anon13333]

Gary, I applaud your optimism! We all have our own convictions based on our understanding of each situation. I would disagree with you vis a' vis the low float assumption. No one knows the actual share structure until the company releases this information. I say the 500K minimum because all the buys do not move ask. When 10K shares are shown at the ask and someone hits those 10K share, the MM just put up another 10K or 75K and so on. If the shares were thin, a 10K buy would move the ask at least .001. I am also saying this from personal experience (I made many purchases that should have moved the ask and they kept adding shares to the ask and kept showing the same amount and price at the ask (e.g. .10000 at 0355). When the buying dries up, then the sells happen at the bid. All I am saying that I will not buy any more shares until I know the share structure and until an actual business is open and running, the price of BitCoins will not have an impact on the price.