Replies to post #103193 on Sarissa Resources Inc (SRSR)

[Dr. King Schultz]

The problem is, you can't compare and add the Q-Reports up.

Reasons:

1) Q1 was only in CAD, and was never "restated" in US-Dollar.

2) They also changed something in their accounting behaviour WHILE restating that Q2 report.

For example:
Management fees in Q2 in CAD were 60,000 CAD, but only 48,720 in USD
Geological and consulting even went UP, from 58,047 CAD to 84,568 USD
...

3) And another thing happens in Q4:
They changed the "headlines / cost divisions" of expenses, and split and changed the former ones:

Q1 to Q3 there were:
- Geological and consulting
- Management fees
- Investor relations
- General and administrative
- Professional fees
- Travel

But in Q4 we have some of the above (Management fees, General and administrative), but lots of new/changed "cost divisions":
- Exploration expenditures
- Amortization
- Consulting fees
- Advertising and promotion
- Occupancy cost
- Loan extension fee
- Legal and audit


So back to the "Advertising and promotion":
These missing 337,219 are somewhere included in "Geological and consulting" and "Investor relations" of Q1 to Q3....

Everything IMO, and even Merle couldn't give a valid answer, I think.
These are questions which their auditor(s) have to answer...

Cheers
Jack