Sarissa Resources Inc (SRSR)

[dmbao]

If you understand how a letter of intent works you would know when the exclusive ran out the LOI ended.

That doesn't mean a new deal can't be reached even at the same terms but Sarissa is under no legal obligation to do a deal for majority.

Once the SOE completes their due diligence and the processing report seems to be the last piece they can reengage with SRSR to strike a deal.

What will happen is unknown at this point.

IMHO the market participants are not optimistic or there would be buying with such a significant discount to deal price for the stock.