To suggest that Dan has been hired by Scott is in my opinion not an accurate statement.
Sarissa had a series of setbacks that if they were to continue would have led to the eventual collapse of the Company and / or at minimum a shell of a Public Company. By all indications there was little or no plan in place to move the Company forward.
Dan, as a Shareholder and someone who has some experience in the Hedge Fund arena, provided an opportunity to the Company, and Scott as the control person, that encompasses not only the initial Financial resources required but equally as important an apparent sound Business Plan, that if successful, will allow the Company to move forward. By all appearances he has brought along an energy level and vision for and to the Company that has been lacking for some time.
Time and effort will provide the answer as to whether the Corporate Plan to reorganize / restructure will be successful. My best guess is that it will be. Once this aspect has been completed the true hard work begins for the Company and it s Management. Will they be able to exploit the Property to it s expected potential and bring true value to the Company? That answer will be known sometime in the future.
Dan, IMO, is not a "hire" but a stakeholder in the ongoing activities of the Company. I am quite sure that his involvement in Sarissa as President, and a Member of the Board of Directors, came with conditions that he set in return for the Financial commitments that he arranged for the Company.
It was in my opinion not so much that Scott listened to the shareholders concerns but he had very few, if any other, option to save Sarissa.
Dan s involvement has provided the opportunity the Company an opportunity to realize it s potential. I have no doubt that the Plan s presently being followed by the Company are at his insistence.
