Replies to post #142352 on Sarissa Resources Inc (SRSR)

[webpence]

Can we make this a sticky?

Thanks for sharing.

[Emergcy]

Thanks for sharing. Excellent stuff. I guess this will satisfy some guys for a while. It seems that transparency is really happening. Although those guys which died due to envy because of Dan's great compensation will be satisfied.
With the support of the real shareholders we will come through the dead lock we were into. With Dan's connection to the money world we will get also new shareholders on board. I have accumulated over 6 years, now it will pay me the dividends soon. That's what I believe.

[Kmeister]

Thanks for posting.

Geee, looks like we didn't get diluted to hell and back after all! A guy who thinks that compensation should be performance based ... in the pinks no less! Oh yea, this screams "scam".... NOT!

Dan is the best thing to happen to this company since .... I don't know, ever.

And ES1, I will take that bet that dan will last more than 6 months. Mark this post.

[Tar sands]

If I understand the answers to questions posted under 142353 attributed to the Company's President, Dan Byrnes, the proposed new Spun out entity, Niostar, will be listed as a separate Company (presumably on a higher exchange). As I understand the answer, including each shareholder of record maintaining the same percentage holding as they may have in Sarissa, the expectation is that the new entity will have a significantly smaller share float and that while it may not be a one share for one share exchange it will be an exact percentage exchange directly related to the outstanding share in each Company. Presumably, if it can be organized in this manner, it will result in a higher PPS for the new entity therefore becoming a more attractive investment opportunity in the Financial Community.

If this result can be achieved this will be to the benefit of the current Sarissa shareholder IMO.

On the surface the "moving forward" explanation provided, while certainly not the entire Plan, (in this post) makes a great deal of Business sense if this is going to be the result. While it may not guarantee success, as there is a lot of work required to be done to get to this point and many hurdles to overcome, it does offer the potential of a very solid opportunity to the shareholders to recover their Investment and profit from these efforts.

If I have any criticism (and it is potentially pretty minor) is that if there have funds advanced (since September 2) and more committed, why is it necessary for the President of the Company to "cover his expenses" and not worry about recovering them in the future? From a Business prospective I believe that this does not a positive for the Company. This is not a negative related to Dan - in fact quite the opposite as it relates to him personally. If the Company has collected the money, and more committed, then normal business practises should apply - namely pay the expenses of the President as it relates to the reorganization / restructuring efforts.

I look forward to seeing / hearing the definitive moving forward Plan which should be available, as was suggested, in the coming weeks. With that Plan presented the Shareholders will know all the facts related to the potential transaction and can make an educated decision as to the benefits or conversely the lack of benefit.

[Twindle]

Wow. That's exceptionally detailed, I'm loving it!