Replies to post #127862 on Sarissa Resources Inc (SRSR)

[dmbao]

I don't see it as a problem, it cost money to build a business and they have put far more into the company than taken out. I only read it quickly and recall it not being obvious if that money was deferred or not?

Pretty much the discussion is simple at this point they get the money or they don't. Certainly has taken longer than expected and some missteps have occurred but if the JV is closed before the exclusive expires all will be forgotten.

If the money comes in the price is a bargain if not its still a value but would need a catalyst still?

[dmbao]

8. RELATED PARTY TRANSACTIONS
a) Included in accounts payable and accrued liabilities is $611,939; (December 31,2011 – $372,716) due to the
President of the Company and a Company controlled by the President.
b) Included in loans and advances is $49,173 (December 31, 2011; $nil) due to the president of the Company
and a Company controlled by the President.
c) In addition $nil; (December 31, 2011 – $11,520) was paid to a Company controlled by the president as a
reimbursement of expenses paid on behalf of the Company.
,
b) During the nine month period ended September 30, 2012 management fees of $ 225,000(Cd’n) (September
30, 2011-$165,000 (Cd’n)) were paid or accrued to the President of the Company in Canadian dollars.
These transactions were in the normal course of operations and were measured at the exchange amount, which
is the amount of consideration established and agreed to by the related parties.