Sarissa Resources Inc (SRSR)

[All-Bidness]

Your interpretation is incorrect.

There is nothing to fear about the lawsuits at all. If Currah, Keevil and friends can prove that they are owed money beyond any damages (if any) that are granted in the counter suit, then they get paid or if not they either get nothing or owe the company for damages.

If the company can prove the property has potential the damages would be trivial in comparison, if the property fails there are no assets so game over regardless.

The issue and why they have started a lawsuit in the first place is to harm the company’s ability to secure the necessary financing to move the project forward.

Keevil and friends don’t want to end up in court as they have a lot to worry about, pump and dump, taxes on share issuances, Shining Tree private placement and many more. This is why they filed the suit but have not pursued it in court.

Their goal is to harm the company so that the only alternative is to settle with them so that progress can occur.

RP Capital is supposed to be solving this by securing additional funding. Whether they can be successful or not will be determined. So far they obviously have not been successful but it is my understanding that is exactly what is being worked on as a write this.

The lawsuit can be dismissed eventually but it would take another 4 years according to the company’s lawyers.

So we are essentially in waiting game to see if RP Capital can do what they have indicated they could or not.