After a couple of negative price changes, Sarissa Resources, Inc. (PINK:SRSR) hit the gain. On Friday, the stock broke up the 
loss by adding 12.36% to its price and trading over 2 million shares for the day. So what’s next today
The records shows that there is no recent news about Sarissa, thus the reason for the massive trade cannot be found yet. However, if something is about to happen it should be soon.
The last news about SRSR came up on Oct 25 when the company reported a financing option agreement. The agreement was expected to close in the next thirty days, though since then no further information was to follow. In other words, presently no one has a clue about the company’s activities.
Does it mean that the financing was not received Apparently, this question remains unanswered at this point.
Unfortunately, according to Sarissa’s latest 10-Q report, the company’s financial condition is not bright at all.[BANNER]
As of June 30, Sarissa’s liabilities totaled over $2 million and the deficit jumped over $5 million. At the same time, the negative cash flow from operating activities and some other losses notably rose up.
The management claims that SRSR currently earns no operating revenues. Thus, the company’s ability to continue as a going concern is uncertain and is dependent upon the generation of profits from mineral properties, obtaining additional financing or maintaining continued support from its shareholders and creditors.
However, in case any additional financing is not received or operating profits are not generated, the carrying value of Sarissa’s assets may be adversely affected.
