Sarissa Resources Inc (SRSR)

[dmbao]

I was part of one of the private placements in 2008. The shares are eligible to become unrestricted more than 6 months ago but until I go through the process they remain restricted and I am in no hurry to do so as I won't be selling them any time soon.

There would be other restricted shares from the various private placements that they have offered since they started in Nov 07. The total number wouldn't be that large guessing 30 million- 70 million it would be the amount the OS has increased since Nov 07 which hasn't risen that much since Scott took the helm. You can read about the offerings amount and price in the various quarterly and annual financials.

The company only issues restricted shares through private placements there are no 504 sales directly in to the market.

I don't know how many of the shares at the time Scott took over were already restricted besides his 30 million, I thought at one time it was a substantial amount of the OS at the time but not 100%. My guess is those shares would be reaching the time they would be eligible to have the restrictions lifted similar to that of Scott's 30 million shares but really don't know the details and they wouldn't be publicly available.

Outsiders usually have 1 year restrictions like I did and insiders normally have 2 years I believe.