Sarissa Resources Inc (SRSR)

[Eli's Gone]

The reporting obligations of companies and insiders is dictated by whether they have shares registered with the SEC...

there are three reporting company scenarios:

1. Exchange listed stocks--shares are registered under Section 12(b) of the Securities Exchange Act---company and insiders/beneficial owners must report

2. Companies not traded on an Exchange but that meet shareholder/asset thresholds---over 500 Sh's and assets over $10M--shares are registered under Section 12(g)---company and insiders must report...

3. Companies that don't meet the above two criteria but have filed a registration statement in the past are Section 15(d) companies---company must report to the SEC but insiders don't...

SRSR meets none of the above---thus neither they nor their insiders/beneficial owners>5% report...

they must however follow the SEC exemption to registration rules when they issue unregistered stock i.e stock is restricted 6 months for reporting companies and 12 months for non reporters...