Sarissa Resources Inc (SRSR)

[Tom Orrow]

Kind of. I think that the situation ER described is taxable; however, I don't think that it accurately describes the real plan for the spin out. I think that the asset will be transferred in a way that causes an offsetting adjustment of the cost basis of the shares in Sarissa so that there is not a capital gain. I don't know this for sure or how the basis will be adjusted. I do know that anyone who holds SRSR shares should be researching this.