Hi Folks. as you may recall about 2 weeks ago I asked Dmbao to supply me with the contact information for the law firm representing Sarissa Resources Inc. here in Toronto, ON. Since then I have contacted Sarissa's lawyer Denis Frawley of the law firm Ormston List Frawley initially by e-mail and this morning by telephone failing to obtain a response to my initial e-mail.
Denis Frawley was very amicable and explained that any replies to inquires that he receives regarding Sarissa can be denied by Scott Keevil. That explains why I never received a reply to my initial e-mail. Having said that, Denis went on to explain that Shareholders have 2 options:
1. A hostile takeover by the Shareholders:
To accomplish this the Shareholders would need to hire the services of a law firm in Nevada since Sarissa is incorporated in the state of Nevada and the matter would need to be executed under the laws (statutes) of Nevada. This would entail the issuing of a proxy to all the Shareholders explaining exactly what is being requested. This would be the same as the proxy vote that was sent out to the Shareholders for the Shareholders meeting held in Toronto a few years ago. According to Denis, the cost for that exercise was approximately $15,000.
2. An activist shareholders meeting with Scott Keevil:
Denis has offered to arrange a Shareholders meeting with Scott Keevil at Ormston List Frawley next week here in Toronto. If Scott Keevil agrees to the meeting, he will act as the mediator between the parties. The meeting will be limited to 15 shareholders.
If we opt for option # 2, we will need to act very fast to compile a list of questions and demands that we want Scott Keevil to answer and implement. Secondly, we need to get proxies from all the big Shareholders that can't attend the meeting. We will need enough sufficient backing from Shareholders so that Scott Keevil can't shrug off any of the demands we make. Thirdly, if at all possible show up for the meeting.
Since this is a public forum, I recommend that we continue the discussions off line using our personal e-mails. I don't know this boards policies about giving out one's personal e-mail address on the iHub board. Let me know.
Now's our chance to make a difference!!! Let's not waste it!!!
