Replies to post #131166 on Sarissa Resources Inc (SRSR)

[dmbao]

If you understand how a letter of intent works you would know when the exclusive ran out the LOI ended.

That doesn't mean a new deal can't be reached even at the same terms but Sarissa is under no legal obligation to do a deal for majority.

Once the SOE completes their due diligence and the processing report seems to be the last piece they can reengage with SRSR to strike a deal.

What will happen is unknown at this point.

IMHO the market participants are not optimistic or there would be buying with such a significant discount to deal price for the stock.

[moojer]

So what you are suggesting by this quote:

"That the LOI isn't expired and forgotten? "

...is that Scott lied or misrepresented the facts?

I am not saying that he did what you suggested, but it certainly is in line with his track record:

1. PRing intentions to issue audited financials five years ago (failure and no update).

2. PRing intentions to uplist (failure and no update).

3. PRing intentions on JVs....

4. PRing intentions to obtain financing with the Chinese....Failure!

Failure is the operative word, and yes, I agree that Scott just may LIE....just like the PPS after five years!