Thursday, October 16, 2014 11:35:21 AM
They state that they have a Plan that over the next several months will provide a conclusion to this initial stage. Included are the Audited Financial Statements, Geological Reports including Compliant aspects addressed and met, "Niostar "spin out" Prospectus / Filing Documents, Sarissa Shareholder approval / meeting, Legal / Documentation requirements and presumably additional Funding arrangements (PP or IPO for example).
The fact that there is no discernible market for it s Securities at this time / with it s Corporate evolution really a problem? Is there a problem just waiting for the Management to complete their stated goals? Based on Management comments, as best I can understand, it is only three to six months away from reaching the initial goal of separating Niostar from Sarissa and having an independant listing.
They stated they have all money required to meet these expectations. Maybe they should halt the stock pending the completion of this new listing process. By doing so all Sarissa Shareholders of record (today for example) would get the equal percentage in the new Entity.
With the stated Goals of the Company apparently well underway, no additional funding required and the majority of Shareholders being presumably very happy to accept shares in the new Company why should Sarissa burden themselves with the Penny Stock problems when the Plan has them securing a position on a Senior Exchange.
Seemingly this would not be detrimental to the Shareholder of Record and seeking the Regulators approval could be realized if the Company can provide them with legal reasoning and specific detail.
This might very well be an option that would work in both the Company and Shareholder best interests.
It may be worth Management considering this option.
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