Replies to post #134873 on Sarissa Resources Inc (SRSR)

[dmbao]

You can be sure it will be mostly a stock grant until financing arrives than other forms of income are possible.

There is a reason the need a COO at this time and it's not because of Scott's supposed failure and ineptitude but more likely the company will be maintaining a MAJORITY stake in the project with an upcoming JV deal.

When they were going to be a minority holder the JV companies COO would have been in charge.

[es1]

Well, I doubt he is doing it for the fun of it so "If" isn't even a question. He will be compensated.

So the how and when are the question.

Maybe I am wrong but from what I can see they do not have any money at all. What little they do get they should be using for a mine and is not enough to pay any form of wages.... that leaves 1 option.
Compensation in shares.
Now if that is the case unless he is willing to take a substandard pay then it will not require more than a little dilution. If he is to be compensated like the president of a working company then the AS will need to be raised.

Either way the compensation will be in the fins....if they get filed.
The good thing is that since he joined just at the end of Q3 if they wait about 10 days to give him his compensation it will be just a bit too late to show up in the q3 fins.

Unfortunately for the shareholders that would mean we wont find out what Scott is paying his buddy or if the AS was raised, until the 10K which wont be till march of next year at the soonest.
Lucky he joined when he did or they might have had to report it in the q3 filing and we wouldn't have to wait 6 months before we find out how well he is compensated.

I am sure it wasnt timed that way at all. After all the guy has been using the same office as Scott for months. I doubt they had any chance prior to this week to work out the kinks in the agreement. We will find out in half a year or so

[moojer]

Once again, Scott fails to communicate. Where is the SOE rock testing report? Where are the other potential suitors? Where are the Audited Financials? Where is the uplisting? Why can't Scott explain why he can't close a deal with financiers? He has failed time and time again at delivering on his PRs. Scott is inept, and this PR is just trying to mask how much of a failure he really is.