Sarissa Resources Inc (SRSR)

[Tar sands]

A "Control Block" is usually an "Escrowed" Share Certificate, or Certificates, that clearly state that they escrowed therefore are not free trading until such time that they are withdrawn from escrow. This can occur, from a Legal standpoint, when certain milestones are met. Doubtful that Sarissa has met the conditions of release. The release of the escrow conditions are contingent on the Company, therefore it s Board of Directors, authorizing and certifying their release. I am quite certain that this happens when it legally shouldn't however without the benefit of specific knowledge of the Shareholders List, which of course means access to it, it is extremely difficult to determine the exact make up of the control block.

Doing so is a Significant Securities offence, requiring several individuals involvement, therefore I highly doubt that has occurred here. Also if the shares are released from escrow it, over time and assuming they are sold into the Market, conceivably reduces the control one has over the Company.

The booked cost for escrowed stock is a nominal amount / insignificant in fact.