Replies to post #5735 on Elray Resources Inc (ELRA)

[Siforus]

You keep working those numbers, I'll keep drooling $)$

Nice work and time will tell......
ELRA is Golden

[RowingDude]

I garnered the same news, bought an additional 125k shares this morning. If the haters come knock this back to the .007 or .0069 again, I'm loading up another batch of stock

[OCMillionaire]

Some of the best DD I have ever seen here in Ihub!!! Thank you....Consider yourself marked ;) One more member
Here's whats in store for ELRA shareholders based on the 8k
- Ludlow Capital based their $.05-.10 short term target on 3B o/s post merger but since the deal is ALL PREFERRED the o/s will instead be around 1.15B (845M o/s + 300M preferred).

Minimum 30M net profits / 1.15B o/s = .026 EPS
Based on the value estimates of other publicly traded Macau gaming companies a conservative PE Ratio would be around 10 to 15.
P/E ratio of 10 to 15 x .026 EPS = $.26 to $.39 per share ($26 to $39 post-NASDAQ listing)!!!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8601179
http://www.wallstreetnewscast.com/news/2012/may/elra-2745.html

[zalicuslicious]

Did you read the fine print?


In Compliance with SEC Rule 17B Wall Street Newscast was compensated five hundred thousand restricted shares, by company, for ongoing research and media coverage. WSNC may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.