Sarissa Resources Inc (SRSR)

[es1]

1. The Nemegosenda property is owned by Nio Star an Ontario Corporation. Nio Star owes around 2.9 MM ($ Canadian)to creditors and it is illegal, in Canada, and I suspect in the US too, that one cannot transfer a major property while leaving the creditors high and dry. The deal would have to have creditor's approval which it does not, I assure you.

Could be true. However I assume in Canada like the US the creditors would first need to get a court to help them stop the transfer. In that court they would need to prove that the company owes them which in this case would also expose said creditor to anything they have done wrong in their investment of the property.
I would venture a guess this is why there has been no court help to stop the transfer.

2. A public company cannot transfer of dispose the major, or substantially the largest asset of the company' without shareholder approval. For SRSR to get shareholder approval it would have to have a meeting, which it has not.

Unless it is not stated that way in the bylaws of the company. I would be fairly sure that a scammer like scott would have a clause that states if a controlling party has more than 50% of the vote the SH meeting is not needed.
When he lost control he allowed them to stick his own clause right up his ass.

3.FINRA would not approve the deal for the above and for the idea that SRSR is getting its Nevada corporate registration revoked. The FINRA approval is taking much more time then usual because it cannot be approved.

This I may agree on, but I do not know if being incorporated in Delaware would nullify the need for the Nevada registration. IMO there is something they do not like about the deal which is why it is taking so long. Like the shining tree divi they couldn't do. There is something in SRSR that is stopping a divi. I don't want to pretend I know what it is but there are a few that seem possible

4. The transfer agent is owed over $5k and no stocks can be dividended without the transfer agent's cooperation.

If $5k is going to stop the company from starting they would never make it in the first place. I think 5k is easy enough to come up with by selling shares.

5. If the deal is imminent why has the SRSR pps disintegrated the past few weeks?

See above.
Also there are quite a few shares out there that represent a disgruntled shareholder.
People who do not wish for this to work could make it hard with well placed selling.
Notice that every buy at the ask lowers the bid with the ask soon to follow?

There are other reasons.

You are right

but these are sufficient

Not really there are some sticky points in the way for sure. I don't know if they will pull it off or not. I have my doubts.
But if it fails will Dan tell the shareholders or like Scott, just act like it never happened?

Could be that SRSR also has no issues and IGEX being a scam is the issue.