Sarissa Resources Inc (SRSR)

[jpp09]

I've come up with a conspiracy theory that may explain the steady accumulation and minimal price appreciation. Four years ago SRSR was toiling away at .000x under the leadership of former CEO. Former CEO seeks out Scott as his replacement and takes ownership of what I would assume 100 to 300 million free shares. Two years ago, former CEO was considered as part of the locked up shares (from PDAC quote yesterday). More recent quotes from Scott do not consider as many shares as "locked up" and thus the investor vote. Remember this is a Pinky up until Scott became CEO it acted like a Pinky (big dilution and share price free fall). Why wouldn't a former owner/CEO sell part of his stake, PINKs are all about greed, by replacing himself with Scott he assured himself millions of dollars. Scott has been doing private placements/cash shares at .02 (HKHE deal is around .02 if you do the numbers). The Accum/distro chart is only based on where shares hit ASK or BID, by selling only at the ASK and not pushing it down to the .02 level where insiders may start to get nervous we could easily get the disconnect we have between share price and accumulation.

A simpler explanation could just be that there has traditionally been very little bid support here, if you want to sell you need to sell at the ASK. When bid support is there it is sold into, for example the 3 times this year when bid support was at or above 1 million (on the way up in June) the bidder was able to fill entire order within an hour or so.