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What exactly did they "misinform" us about? Please be specific
Really my friends invested funds in 2011 and no shares were ever issued?
The books that Scott posted on OTC Markets for 2014 for Sarissa indicates that it is wholly owned? No reference to Shining Tree having other shareholders?
So Scott was either putting out fraudulent financials or the shares were never issued?
Which one is it?
If most shareholders believe that why aren't they acting to do something about it?
I know my friends who invested in Shinjng Tree's private placement in which Scott took their capital and never provided any shares or other consideration think Scott is a scammer. I have seen all the proof including Scott's broken promises of paying them back or offering them Canadian Cannabis shares instead.
You must have a different view of scam than us.
Why wasn't it ever fixed?
Hey hey...It was your boy Keevil who let Dan come aboard...It was your boy Keevil who agreed to let Otto come on...
Sure let me take this one for him...Uggh cause he's a scammer?
He may have never sold a share, but took $500k salary/yr for a company that wasn't bringing in any money?
His other entities midnight capital and firelake resources did "consulting" for SRSR which added no value...
Look like liquidation by Keevil and Currah more likely as CCAN is also down heavily.
You're right as it is thinly traded, on small volume, but that doesn't mean we got "hammered" It can bounce up just as easy, look we already bounced up 20%
It's on short volume totaling around $1500. That's like saying a stock at $.0001 that moves to $.0002 on 500k volume is taking off because it's at 100%
$1500 is getting hammered? More like manipulation.
Sounds like a great deal. Wonder why Currah passed on it?
I can't wait to see how he explains how Lucas Currah was able to get 250m shares? Did that young lad put up the money? if so how was it used? Did he do work, if so what did we get for it? If Drew made the deal, why did the company pay Lucas? Seems shady all around for an exorbitant amount of shares.
Unless you're going to provide details to that deal...it's a dead topic. We all reached out to Dan, and the deal wasn't beneficial to shareholders, especially since it involved settling with Currah and Keevil, paying millions of fake debt, money we didn't have.
If you have another side to that please put it out there, but that is the only story being told at this point...NO ONE else has heard differently.
What's the deal? What were the terms? Just because it had a carried interest doesn't make it a good deal. You apparently don't understand business, or fiduciary responsibility. You keep claiming a deal is good without providing details and you praise Keevil...
Just the other day you said it was too expensive to move forward and Keevil was looking to sell it...
Well, according to management it wasn't beneficial to shareholders, hence the reason it was turned down. No other facts have been provided about the deal, other that what was given by management.
Sooo, there really isn't a leg to stand on to say otherwise, unless you have other details, in which please provide them.
... Please there was a huge marketing campaign behind that run. I remember seeing banner ads everywhere for Srsr. Also why sell when we had a "legitimate" CEO from a reputable mining family? Oh right was all a lie. Also I wonder what ever happened to Lucas' 250m shares? Never was disclosed when they were sold... No volume for that for years now. Best guess they were dumped during the pump
Ya, that's why he moved on to another mining project... oh wait nope now running a failed cannabis company, just as good as he ran this... LOL I can't make that up, and no one can't prove otherwise! I mean he was forcefully removed, come on LOL Keevil such a loser
It rose from $.01 to $.21 within a 6 month pump, from the "awaited" NI report. Once that came out and wasn't correct price dropped significantly, I believe it was less than half within a month or so. I was invested here at that time, 2008. Then a CTO was issued, and we had several failed LOI attempts, which were stretched out over years.
The problem is Currah agrees he right here that he was working at Michigan Mining and earning stock for his services.
Problem is he put that stock in his kids name to circumvent the OSC Ban from his fraudulent involvement in Findore Mineral which resulted in Currah having a 10 year ban from being involved in securities.
Currah is the one who dragged his children into this as the control block of stock was in the name of Currah kids trust.
So when discovery of the court case determines who the trustee of this trust was their actions will be looked at in detail.
Was it really a trust for his kids at that time? Or was the trust a sham and the proceeds from the stock sales of a control position without proper filings for benefit of Currah and Wife? It will be enlightening to see where those funds were spent in details.
Why would anyone do that to their children. Conspiracy to defraud a OSC order is a serious issue.
Certainly not Dan’s fault that Currah’s children are in court. They have their father to thank for that.
As far as Fuschino as an ex officer of Michigan he was subject to the same restriction as insiders when it comes to stock sales. They have to be reported and can not exceed certain thresholds. The trading history of Fuschino which will be part of the discovery as well will determine what occurred here.
Oh the what could have been’s
The Lithium Group were ready to come in and run the company along side Scott and Dan. A partnership with the ability to make this a mine.
Unfortunately they learned about the embezzlement of funds and the laundry list of misdeeds that occurred here. After several months of due diligence they determined that the misdeeds is Currah and Keevil were so great that they couldn’t accept the risk ending up responsible for all the liabilities created here by Keevil and Currah’s misdeeds.
Another blown opportunity along with HKHE and SOE, pretty much strike three for Keevil and he was terminated with cause.
Well then why haven’t you called a shareholder meeting with the agenda to bring in Scott Keevil again and let the shareholders decide whether they want Dan or Scott and Currah.
Complaining here isn’t going to do much
You of course assume the worst case scenario and that Potts wants to harm shareholders?
What if he doesn’t? As I understand it, Potts is personal friends of some large shareholders here and joined in effort to help them
while helping himself.
All of the legal moves are designed not to enrich Potts but to protect shareholders against Currah or Scott.
We are all aware that the worst case could happen. Some of us know these large Sarissa shareholders and some have had the opportunity to meet with Potts personally. From what I was told those people walked away from that meeting with a comfort that Potts was working for shareholders to rid the company of Currah and Keevil and develop the project not trying to further harm the shareholders more than they were already screwed by Currah and Keevil.
Of course this may all be a ruse and Dan and/or Potts will take the asset for themselves and screw the shareholders. If that happens you can all tell us “I told you so” and I will personally praise you for your ability to be right and admit I was wrong.
Until then I personally put little value in your doom and gloom scenario.
How is it you have come to the conclusion that Potts is a scammer? Or is ripping people off? Do you have any proof other than your opinion?
Please let us know how Potts is ripping off shareholders?
It seems to me that the company has so many past liabilities that it takes someone who is willing to take on the risk to turn it around be it Potts or Lithium or someone else.
Maybe his investment and expertise is priced at fair value similar to other distressed assets.
It always takes those who will take the risk when other won’t to turn distressed assets around.
Unless someone is going to commit the cash to prove out the project it’s has limited value.
Where there better offers?
There was a time years ago that Dan figured out that capital was the missing ingredient and was also ridiculed as a basher here on IHub because he said it was all about raising capital, something so far he hasn’t don’t well enough.
As Surorov points out true institutional capital won’t invest here with the legal problems.
As you can see from the past institutional investors wouldn’t invest with Currah and Keevil either. While the SOE put up 250k and HKHE put up a loan of 400k none of them committed further.
Could that be because the project isn’t good enough or the management team of Currah and Keevil aren’t good enough???
Maybe these groups discovered before anyone else the Currah and Keevil were incompetent and scammers?
Jury is still out whether Dan and Potts can bring in real money. If they don’t do it soon they will also be failures but it is too soon in my opinion to label them as failures in raising capital like Currah and Keevil were.
You can say whatever you want about Dan. He isn’t in court here.
He isn’t part of any ongoing
litigation. He doesn’t matter here.
It’s the actions of Currah, Fuschino and Keevil vs the company. If Dan wasn’t part of the company it doesn’t stop the claims of the company against Currah from proceeding
This will all be about the credibility of Currah, Keevil and Fuschino.
It will be like this. Mr. Keevil why did you take investors money from the Shining Tree private placement but never issues shares or provide any consideration?
Dan Byrnes is a liar, he stole from the pension fund!!!
Mr. Keevil, did you disclose that your control shareholder Drew Currah was a convicted stock fraudster.
It’s Dan Byrnes’s fault he stole from his sister.
Mr. Keevil why did you only settle debts incurred by Mr. Currah in stock at 90% discounts to the market.
Dan Byrnes lied.
Mr. Currah why did you use your children’s trust to circumvent the OSC Ban?
Dan Byrnes invested in Penny stocks and was sued.
Mr. Fuschino as an past officer of Sarissa why did you not disclose your sales of a control position in violation of the law?
Dan Byrnes sold the Shining Tree property for nothing.
Yep this legal action is all about whether Dan has credibility or not. LOL!!
I'm much more knowledgeable than you on most things in life, including this company, it's directors and the newest addition Ron Potts. You don't seem to know what you're up against...and that is good
Yes they are. Currah’s side can bring those issues up but they won’t impact the case as again Dan isn’t on trial here. He isn’t accused of any wrong doing here.
All Currah and Scott have done is to claim they are creditors and have very weak claims of on the property ownership.
Similar claims can be made by whomever has paid the property taxes that prevented the patented claims from returning to the crown if those funds were paid directly by Potts, Otto or Dan or another party.
From there Niostar’s counter claims will be determined again Dan credibility is not part of that.
So whether Dan is or isn’t trustworthy or has credibility isn’t really a factor here on whether evidence of wrong doing by Currah and Keevil is determined. The facts are not dependent on Dan’s interpretation or opinion so his credibility has little bearing.
However Currah past stock fraud convictions will be a big factor here. The credibility of Currah will be a major factor in his attempts to defend actions. The assumption will be that as a past convicted stock fraudster he hasn’t changed his stripes so questionable activities will be understood to be a continuation of past behavior.
Each time Keevil and Currah didn’t follow through on their pump and dump press releases, the wire fraud charges, security violations and theft allegations surrounding the Shining Tree private placements, the failure to disclose the past stock related crimes of Currah, the questionable related party transactions, the preference of paying themselves while stiffing other creditors, excessive shares issuances again preferential and the list goes on will allow the judge to see the credibility of Currah and Scott as fraudsters.
So you best find a better way to get rid of Dan prior to court or it’s will be Currah's credibility that determines the outcome here and we all know that credibility is very impaired, far far worse than Dan’s.
All of those activities occurred in a public vehicle. The people who provided those services were compensated. Shares were issued for services. The services appear by the court records to indicate the Fuschino and Currah’s kids provided the services.
If the services instead were provided by Drew Currah as he mentions in numerous court documents doing all the work and therefore the shares were issued to his kids in order to circumvent his OSC ban that is really between him and the OSC
However it wasn’t ever disclosed to the shareholders that a control shareholder was previously convicted of stock fraud. Subsequently multiple private placements were completed without that disclosure which may be an issue that the court reviews and maybe the court doesn’t see care that that disclosure wasn’t made.
Next the Currah kids and Fuschino who were both greater than 10% beneficial owners sold large portions of those shares without registration which even in PINKs is illegal.
If the proceeds from those sales were for the benefit of the Currah kids trust that is one thing if the beneficiary was another party perhaps Drew or Penny than again there could be suspicion that the kids trust was a ruse to avoid an OSC ban.
This part of the mess only brings us to 2008 or so. From there the story continues with more issues and more concerns which will be determined in court someday.
Do you understand the corporate structure here?
Why do you say Sarissa can’t complete a corporate action?
Do you have proof of this? Every corporate action they ever actually filed with FINRA was completed?
How did you determine Scott and Currah are owed shares and if so shares of what?
Also how do you gather that the directorship of Dan and Otto is pretending to have control. They were legally appointed by the board at the time? Do you know some detail the would make it pretend.
How would they not be legal directors of NioStar as well?
Seems like the proper paperwork in both the USA and Canada indicate they are the directors of the corporations.
It’s very difficult to discuss this items with the utter nonsense you bring into the discussion.
The court case at this point is whether Currah and Scott are even legitimate creditors? If they are, then the counter claims will determine if there are damages against them that would reduce their status as a creditor and potentially making NioStar a creditor of them.
If Currah is still a creditor at that point it doesn’t mean that doesn’t yet mean he gets anything at that point. He would be considered a creditor, but he would just be one of many creditors of Niostar, the largest one being Sarissa itself. All creditors would have equal rights except for Potts who has a security interest making him the first in line.
Also if Currah and Keevil can collect $C540,000 annually for part time work why can’t Dan and Otto collect the same or more and become even larger creditors than Currah and Scott?
So one scenario is Niostar files bankruptcy and Potts gets it all as the secured creditor?
Another scenario is in bankruptcy and Potts Sarissa and Dan and Otto are awarded the majority of the company’s assets in the bankruptcy and Currah a smaller piece based on percentages owed.
Or maybe Currah’s and Scott’s claims of pay get ejected for being too rich and the same thing happens to Dan and Otto? Leaving the only creditor of note to be Potts and Sarissa and it’s gets its asset back with no other debt?
Lots of scenarios here but none are as simple as your analysis and one has to understand the basics of corporate structure, creditor rights and law to discuss them.
You don’t seem to understand Dan’s credibility isn’t a favor in the coming lawsuits.
Dan isn’t going to be on trial in Ontario. It’s the company vs Currah and Keevil.
So the company provides the proof that Currah had hundreds of millions of shares issued to his kids trust for services and later sold those shares without proper filings it’s not up to Dan’s credibility. It’s the company bs Currah who is already a known liar and scammer.
It will be the the same when it is determined that a part of the control group of shareholders had past securities violations and a ban by the OSC and that wasn’t disclosed.
The same for Scott who conducted a Shining Tree private placement and took the money but never delivered shares. Dan’s credibility won’t be a factor.
I get that you want to discredit Dan in hopes of him going away so you don’t have to face those actions
Dan maybe be what you say but the court will be determining the actions of Currah and Keevil and their families not Dan.
It’s clear through Sarissa, Canadian Cannabis and Joshua Gold and a host of others the the company is against scammers and fraudsters.
His track record can’t be any worse the Ben Fuschino
Michigan Mining and Gold
Sarissa
Joshua Gold
Or Scott Keevil
Sarisss
Canadian Cannabis
And several prior ones
Good to know. Potts' isn't running the company, he is providing funding to move the company forward and defend these frivolous lawsuits.
Was it the best deal... No
Based on the lawsuits, we had very limited options. I'll say this I'd rather give the property away and lose my investment than have it go back to Currah and Keevil.
Ron Potts' connections and money is why he got in. Time will tell if he's the real deal or not, but if I was in that position I would do whatever was in my power to meet expectations, than go back to the circle of power with my head down in shame.
Until that time I will believe in Potts' and management, if it turns out he was full of crap, I will be the first one to admit that I was wrong, and duped again. Potts' and his lawyer Jeff Welch, seem to be very well connected throughout Canada, so hopefully our gamble will pay off.
The only thing Potts did hear was stop Currah from acquiring the property for nothing. So thus far, is he golden here in my book.
Scott accomplished the same thing he has with every company he has been involved with; a rip off of investors. Between Keevil, Currah and Fuschino the number of pump and dump schemes they have been associated with is staggering . Just in the past few years they have failed at JSHG, SRSR and CCAN. Go back further and and the list grows. Remember Findore Minerals! Our very own Surorov received an OSC Ban for stock fraud!
Even the Lithium Group who completed significant due diligence on this project wonder how so much money was spent while so little was accomplished? They are shocked by what occurred. They were signed on as directors of Niostar several years ago but abruptly canceled that appointment prior to it becoming effective. They found out Scott Keevil had been writing checks to himself without board authorization instead of paying Ross Pope to finish the 2014 audits. Too much liability here for them.
Once they looked deep into the project they discovered Keevil and Currah were crooks. Didn’t know a thing about the mineral business and were engaging in numerous questionable activities which were diverting company cash into their pockets.
This opinion of Keevil and Currah is something Patrick Chance the geologist RPA recommended concurs with. They failed to implement the same simple recommendations to get a resource estimate since 2010. Of course Currah and Keevil were drawing pay of $C540,000 a year part time during this period. Seems like a bargain for shareholders.
Keevil the son of a Canadian billionaire family and mining dynasty has to rip off penny stock investors to earn a living. Bet his parents are proud. That is right they have disowned him already! Must be quite the embarrassment for them.
Too bad investors didn’t know Scott Keevil was banned as a stock broker for making unauthorized trades in customer accounts prior to running Sarissa or Drew Currah a stock fraudster who was convicted by the OSC was part of this and owned a control position in the stock. Investors could have been able to protect themselves against this fraud.
Sorry but this is done. The CEO of the company is Scott Keevil.
He became CEO when his other shareholders of his other scam removed him as an officer and director for cause.
If CCAN properly disclosed you would see Mr. Keevil has been sued by his former scam for a multitude of fraud and wrong doing.
Mr. Keevil will inevitably turn up again with a new scam and continue to steal from investors.
Every company is the same Canadian assets, US Pink Sheet and little reporting and shareholders holding the bag.
Mr. Keevil has been involved in a string of these.
Sorry but you are out of luck.
While I know you don’t want the truth as it doesn’t help your motives.
Here is how such a thing works.
Dan as legal trustee of a pension fund purchased 11 million shares of Sarissa stock in two transaction.
As you can see in his court documents the Fort Orange Pension Fund owns 11 million shares and an expired warrant.
They still own these shares.
However Dan was sued for failing his fiduciary responsibility to diversify the investments of the Fort Orange Pension Fund.
It states in those documents that Dan is also a beneficiary of that pension fund.
When a trustee of an ERISA covered Fund is found guilty of fiduciary breach they have to pay back any losses that occurred.
The court deemed a loss to have occurred and Dan had to pay that amount back. Yes, he has to pay himself back as a beneficiary along with the other beneficiaries. The pension fund continues to own the 11 million shares as well. Could be a win win for these beneficiaries if the company is turned around.
So obviously you don’t know what the word “stole”
really means or you are just looking to slander someone which you can do subject to being sued for it and losing a judgement potentially.
If the money was stolen or used to benefit Dan it would have been a criminal matter not a civil one.
So know that you know you can continue to commit slander and libel but you have been instructed on the truth.