Replies to post #145934 on Sarissa Resources Inc (SRSR)

[Twindle]

Ridiculous, the TSXV is a well respected venture exchange. Source: The world.

What little credibility you had is in serious jeopardy.

[es1]

I would not say the tsx is "the same level as the pinks"
In the same sense that the OTCBB is also not on the same level as a pink.

IMO the TSX is equal to the OTCQB which isnt saying much. The companies need to be current on SEC filings and they recently imposed a .01 minimum bid to be listed.

There are plenty of solid stocks on the OTCQB just like there are on the TSX but the problem is that listing can add or detract from confidence.

Lets say they listed on the TSX at $10. That would be great but if they actually can get and maintain the $10 area why not list on the NYSE?

The opposite is also true. If they do the split and the PPS is at $1 then they would not qualify for the NYSE.
But they could list on the OTCQB or the NASDAQ.

Why then would they choose the OTCQB? Because once the dilution and "freebie" selling happens the PPS will drop to the point that they no longer qualify for the NASDAQ and would get dropped to the OTCBB. Actually getting dropped lower than the QB.

Choosing the OTCQB over the NASDAQ in this scenario would tell me that the company does not believe they can maintain the requirements. Instead they chose the QB where the PPS can drop to .01 and they would still qualify.

IMO The choice to list should be done on the highest tier available. The company has to work its butt off to maintain the listing but that is what shareholders need to see here.


As for institutional investing. It can happen at any level. But the lower the PPS the less reputable the investor. Most "real" institutional investors are not allowed to invest in penny stocks. They require a $5 minimum.
If this company wants to lift itself from the muck at the bottom of the barrel they are going to have to convince the world that they are serious.
A .01 PPS or a listing on a low tier exchange or a shady investment deal with toxic financing is not a way to crawl out of the muck and no way to convince the market to take you seriously.

Feel free to pick these statements apart if you dont like what I say. But if you look at what I am saying with an open mind you will see I want the company to actually succeed and not just get the PPS up so the bag holders from the past 6 years can exit.

I want to see a real company, with real management, with real investing, giving investors the real information.

The company is fragile right now. Any little crack in the plan will make it crumble back to the pinks and put the investors right back where they sit today