Sarissa Resources Inc (SRSR)

[Rawnoc]

The entire investment thesis behind SRSR rests on a report conducted by Warren Hawkins.

In the report (link here: http://www.sarissaresources.com/media/hawkins_report.pdf ), it mentions "I have worked in the exploration industry in various technical capacities since 1982, and as a
Geological Engineer from April 1989 until September 1994, and from April 2005 until the present."

The problem....the gap in his experience from October 1995 to April 2005 where Hawkins worked in the Securities industry in Canada. In May 2005 his securities license was effectively suspended by the Ontario Securities Commission and in November 2005 Hawkins settled with the OSC for a case involving apparent fraudlent activities involving Findore Minerals, a penny Ontario mining stock (at the time).

Proof of all of this is in the link provided here: http://www.osc.gov.on.ca/Enforcement/Proceedings/SET/set_20051103_hawkinsw.jsp

From the above link, Hawkins sure had movitation to misbehave again:

"23. Hawkins has been unemployed in the investment industry since May, 2005, when transfer of his license was refused by the Investment Dealers' Association. Although qualified as a geological engineer, Hawkins had not worked in that field for more than ten years until July of this year when he was given a three week contract. He has not worked at all since that time, although he continues to look for work. His spouse is also unemployed, and she is also looking for work. Currently, they are being supported by Hawkins' father."

So there you have it. All of the excitement over at SRSR is over a "Geological Report" conducted by a guy who was recently unemployed, living off his father, and lost his securities license for previous dealings with another Ontario mining penny stock.


But what did you really expect? Less than 5 months ago SRSR purchased this property for $380,000 after failing to sell it in 2007 for the owner while pocketing a commission for themselves. Of course it's not worth $4.7 billion or anything even remotely close to that.


Raw