Replies to post #125567 on Sarissa Resources Inc (SRSR)

[asegal1228]

There is absolutely no evidence to suggest that there is a NSS problem with this equity.

To the contrary, all the evidence including the fails to deliver, regsho, and the bi-weekly clearly show not only is there no NSS but short interest is basically nil.

I know there are those who will claim "legacy shorts", before the 2008 regulations but ask yourself this...

Do you actually think someone shorted 4 years ago, carried the position through all the ups and downs and did not cover at .01? Lol.

Anyone who claims that something other than the actions/inactions of the company and its officers are responsible for the pps being where it is at probably does not have your best interest in mind. It's a penny stock. 99% of them will fail, often with insiders walking away as millionaires and the common shareholder losing his entire investment. There is no substitute for your own dd.

[downsideup]

It's a huge mistake to confuse the issues...

I agree with Alan C that the problem is widespread... but, that means that it's NOT just an issue of a few purposeful short attacks in a few instances... instead of being a matter of ROUTINE PRACTICE that is more widely destructive... and THAT is true. I outlined that in prior posts... and we don't need to revisit it in detail. Short selling is a fraud, because the practice is based in fundamental fraud, and that fraud detaches the legitimate function shorts might otherwise play from normal free market forces that apply checks and balances. That matters.

If SRSR is an exception, it will likely be an exception in proving to have a short position be LESS than "the average"... ?

I think you MAY be right... re the numbers... if the CSTI trade was focused on enabling the "covering" of shorts (perhaps even by accounting chicanery in erasing NSS positions instead of accomplishing that by other, more legitimate means) rather than merely a sleight of hand in moving things around ?

Neither of us knows...

My own guess was maybe 25 million remaining... assuming CSTI was a cover trade... which still isn't very large relative to the OS...

There's often enough been 5 to 10 million employed just in the daily trade...

That small number... might still prove costly...

If CSTI wasn't "a cover"... then Alan C may be proven correct... and then perhaps it will prove to be the shorts who will fund development of Nemegosenda, and not SRSR investors and their Chinese partners ?

So, I'll continue to disagree with others on the facts of the situation... while noting 'not being able to tell' isn't a proof of anything, one way or another... other than in the bit in the utility in 'not being able to tell' being purposeful... with that having meaning.

Otherwise, I'll continue to agree with you... that it still isn't the primary point in terms of the relationship that exist here between management's effort and the creation of value...

A lot of shorts existing while being THAT wrong about those issues is certainly possible, just as a function of seeing how wrong many people can be about so many things so often...

I'm not basing my expectations on "short covering"... rather than on DD showing what's happening in growing demand for niobium... paired with DD showing that what SRSR has... is the best match I've been able to find... pairing the inevitable in the need with a best option in supply. The last four years of effort... have done nothing to alter that view... but, it has done a lot to validate it...

I do note you've shifted tack, recently, to saying we might see a spin of ST occur now, even before the deal with Niostar is done... when you've been saying for years that it wouldn't happen that way before Niostar gets done. I've never thought that fully rational... but, can't argue with the absence of supporting evidence in it not having happened... yet.

So, while I don't know what to make of the shift on your part... I do feel obligated to reverse my own prior position, too... just to maintain the symmetry here...

So, I therefore predict that Shining Tree will not spin until the Niostar deal gets done... while clearly noting I have no ground for making the prediction, and no reason to believe it.