Sarissa Resources Inc (SRSR)

[Tar sands]

Unfortunately there are very few reasonable steps that can be taken to turn around the Company. A Board of Directors of a Company have the ultimate control of the affairs of the entity. Yes there are of course Legal steps that can be undertaken however they are expensive, very time consuming in it s preparation with no assurance of an ultimate conclusion that would be in the general Shareholders best interests.

Steps can be taken on a Corporate basis however it is a very difficult fight. The controlling Shareholder(s) presumably has a block of stock that would trump any efforts by a group of shareholders to take over control of the Company.

Then you have Scott Keevil debt, owed directly or indirectly a very significant amount, which if converted to stock (in lieu of debt) or is provided the major asset (again in lieu of debt) could essentially bankrupt the Company, or extract assets, to the detriment of the Shareholders.

There is no easy answer as to how Sarissa can survive - it s survival is in reality in the hands of Scott Keevil.

The two other Directors of the Company are also missing in action. One (Cam) is well into his 80 s and has shown no interest in the Company in years and the other (Dan Byrnes) has fulfilled his objective (the hype of last year) and apparently has no ongoing interest.