Replies to post #75090 on Sarissa Resources Inc (SRSR)

[JPGetty]

Anyone wish to offer their observations and their insight to those observations of the Financial report?

Also, I didn't think that SRSR had to publically report. Is that true? And if so, for them to report is a nice form of welcomed trandparency.

[dmbao]

Nothing to exciting. OS is up to 767 Million. The details on the accounting policies and such are much greater than before. Make me think they are practically audited results but are not from some reason - perhaps disclosure of holdings?

There was this? More Nemegosenda property or something else? Somewhat trivial money though.

7. SUBEQUENT EVENTS:
On November 1, 2009 the Company issued 450,000 common shares for the acquisition of property and
1,000,000 common shares on the exercise of warrants.

Lastly not that it matters but some options are soon to expire

Stock options
The Company has a stock option plan under which it is authorized to grant options to executive officers and directors, employees and consultants enabling them to acquire up to 10% of the issued and outstanding common stock of the Company. Under the plan, the exercise price of each option equals the market price of the Company’s stock, less an applicable discount, as calculated on the date of the grant. The options can be granted for a maximum term of five years and vest at the discretion of the board.
As at September 30, 2009 the Company had 52,875,000 options outstanding as follows:
- 51,875,000 at a price per share of $0.02 per share expiring August 4, 2010
- 750,000 at a price per share of $0.02 per share expiring February 10, 2010; and
- 250,000 at a price per share of $0.03 per share expiring February 10, 2010.

[punch73z]

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