Replies to post #151780 on Sarissa Resources Inc (SRSR)

[All-Bidness]

Yes that is correct if you buy greater than 50% you can call a meeting and replace the board.

Board members are empowered to elect other board members. So Scott and Cam would have had to vote Dan in, one board member wouldn't have authority to make a board decision in their own.

Dan and Scott both had to elect Otto.

Again the board controls the company until such time the shareholders call a meeting to replace or remove them.

[All-Bidness]

So say you now have 50%+ You have control, this is your thinking?

"I know the instant that I had control the first words out of my mouth would be...
"Scott you are fired. And you can either forfeit what you think you are owed and 50% of your shares will be retired or our lawyers will begin the work needed to charge you with securities fraud"

So with out knowing if you needed information he has or need a time frame to transition to a new person you would make this call?

You also think that paying lawyers to pursue Scott with little chance of collecting is a good use of company capital as opposed to putting it towards the business at this time is a good idea?

Glad you are not running the show here as impulsive action against Scott isn't going to add value to the property.

I imagine any misdeeds will be all sorted out in due time in the best interest of moving the project ahead for the benefit of the shareholders.