Sarissa Resources Inc (SRSR)

[es1]

Well he has about $3k into it (2880) and if he doubled his investment at the current bid (1.8M shares)his average would get down to the break even point of .002.

Pretty risky but the only way to really play it safe. The issue being collecting 1.8M at .0016 when volume is so low

The other issue being if enough people are selling at .0016 to supply him with 1.8M there is a pretty poor chance that the PPS will climb back over .002 when there is 1.8M on the .002 ask.

Only way I see getting out from under the .12s would be to buy 100K at .0016 and sell them at the .002 along with 333 shares of the .12s to break even.
It would take 80 trades or so to get out from under the loss but at least if it crashes you only lose $160 more and not another $3k.

Not to mention that if someone pulls a rabbit out of their hat and get the PPS to climb you will have 100K shares. If it gets back to .025 they are even

JMO