Sarissa Resources Inc (SRSR)

[dmbao]

Insight that the financiers are not wanting to deal with a pinksheet company and a non NI compliant resource.

Initially Scott believed that he could get the JV done without the updated NI calculation or uplisting. Several groups paid for exclusives despite these issues but nobody closed a deal.

A lot of the money are controlled by private equity and hedge funds and they have specific requirements and their charters don't allow them to deviate from those requirements. It is my understanding that as they met with other potential groups this repeatedly was an issue.

So when one doesn't have the success expected one has to refine the plan and now it seems these items are necessary to find the desired financing.