Sarissa Resources Inc (SRSR)

[es1]

How is his investment down the drain?
He invested 250k into a property supposedly worth billions. And we must assume that loan has defaulted he gained controlling interest in the company.
He can now do whatever he decides he wants to do. Every share has lost half its value as of the day he takes control.

Scott paid 350k for it.
So based on the value from 10 years ago his 51% is about 175k for his 250k investment.
The property has only gone up in value.
As little as scott did he did add value to the property.

So Potts has made out well. Dan is powerless. He can only go along with Potts and hope to be included after the shares are finally gone.

It isnt the most liquid investment but its worth more than he paid for it. On top of that he could just take the company private and pay the current shareholders nothing.

But the best thing he could do is nothing. Enough people will eventually complain enough to get the SEC to pull the stock as a scam. Potts walks away free and clear since he has done nothing at all. Meanwhile while the SEC chases Scott and Dan.