Hardly Breathing
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I have attended workshops with the SEC and frankly, with small scams like this they are not going to devote the resources to it, and the second issue is the supposed activities for Atacama are in Canada while the stock trades here. So they are not going to investigate an out-of-country scam unless it becomes big. Just enough to continually enrich the key persons running this scam but not enough for the SEC to sit up and take notice. For the Canadians all they can do, and what they have been doing since 2014 is issue cease trade orders preventing Canadians from buying and selling since they cannot affect the trading on the OTC. The SEC would have to step in and issue a Trading Halt which lasts for 15 days as you know and then it goes to the grays but it takes a lot of manpower and hours to do that and they rather would bust the sexy ones and garner some headlines in the process. It might be interesting if we use the same path we used to shut down another OTC stock whose supposed business was in Ontario-it worked. The big difference now is the guys running this are in Canada whereas the other one the guys were in Michigan so out of reach of Canadian police and regulators but within reach of the SEC. Once the Canadian government began discussing the scam in their government house the SEC took notice and moved fast to shut it down. The big guy still walked out with tens of millions and moved overseas to the middle east abandoning all those who Billlieved in him. With Atacama the law officials can take action. Going to give my old friend a call on Atacama in a few days once I am back in Spain. In the UK where they still are talking about the loss to Italy.
The Canadian regulators have stricter standards of disclosure, especially when it comes to mining. Those assay results were a sham, a scam, a lie.
I thought that is why the non-billionaire Mr. Berry took the job?! Guess not. He did nothing except rearrange the deck chairs.
Jack, when it comes to this company, it is quite evident the amount of effort put into fabricating lies, misrepresentations mean the company has nothing of value to offer. Given the amount of funds expended on administration versus exploration, it appears those at the top are taking handsome paydays for little to no effort. The cease trade order anniversary is next week-three years and counting. The BOD does not even have to sell their holdings to make bank given the fees that are being collected-all that is required is to appear to be making an effort such as the paltry amount spent on exploration and one would wonder what that exactly entailed.
HAPPY UPCOMING THIRD YEAR CEASE TRADE ORDER ANNIVERSARY ATACAMA!!!! A TIP OF THE HAT TOO MANY MORE!! GREAT JOB KEEPING IT ON.
When a reference to a pr announcing the fake cease trade order lift is announced you know exactly what latest pump is coming down the pipe.
You stated...
All Canadian filings previously submitted by Atascama to Sedar are useless crap and have been rejected
I don't believe you can state that with any authority because the regulator does not publicly comment on whether or not a filing has been rejected.
However the intentional act of deception by the company when filing unaudited financials as audited on SEDAR clearly illustrates they do not take their responsibilities seriously. The interim financial statements are not required to be audited, only the annual financaisl statements are.
So Atacama should easily have been able to file the audited statements for 2016, 2017,2018,2019,2020, by now. Since they have no assets, no activity, no income stream apart from selling preferred shares, in short nothing to report they should have been filed.
If the cease trade order is lifted there will not be a pr just before such an event.
Note: The company will not announce the lifting but the securities regulator will.
You do not even know the process on how a cease trade is removed so you certainly cannot comment on it.
It is complicated-especially for a management team that cannot seem to file on time in Canada or the OTC-always late or in default-I am of the opinion they never will have the cease trade order removed for some good reasons but not for Canadian investors who will continue to sit on the sidelines hoping against hope the false promises from stock promoters come true which to date, in over three years, have not, although they do tend to give themselves credit for making money at the expense of others. Money is being made here but certainly not due to anything the company has done to date.
The second part of the process is the unknown. Because Atacama likely violated the cease trade order raising money by selling the preferreds those issues are not dealt with by the accountants but by the enforcement department. This is where it could be difficult for Atacama. I am of the opinion more action may be coming against Atacama and I think the first sign of this is the variation order-they are lining things up by making sure the proper defaults and the years for them are air tight.
Company made several statements that were offside and confirmed by Mr. Berry and Mr. Keith.
1-the company stated the cease trade order may never be lifted
2-company cannot sell shares to raise capital because of the cease trade order BUT they did sell shares to raise capital during the time the cease trade order was in effect.-not allowed
3-Atacama stated investors buyng preferreds could not lose - not allowed
4-Company used assay results in their promotional materials used to sell the preferreds that were not compliant-not allowed
5-company stated they were going to the Nasdaq (actually they first stated they were going to the TSX until a poster stated company going to the Nasdaq then the promotion materials changed from TSX to Nasdaq) but no matter, what they said about the Nasdaq or TSX was not allowed to be said.
6-company stated they thought the shares had a certain value, at the time about $1.99 cents higher than the price when it was made-not allowed. You cant give a projected value of the shares when trying to sell them.
So if anyone thinks the Alberta/Canada regulator like the OTC just accepts the financials is wrong and much the same thing was said to me but if you ask questions you find that yes, if the audited financials are acceptable the company then has to ask a panel of judges to remove the cease trade order after they have been examined and accepted. They will be gone through with a fine tooth comb. If is was that simple why have they not filed them? I mean they have had six years to file each year on its own and three years since the cease trade order was put on them.
It is more complicated than that. I have had chats with various people at the Alberta regulator over the past two years including a person who does these kinds of reviews for the regulator. You may recall you have been saying that now for a few years and if it is so simple one wonders why to date they have been unable to submit them. Mr. Grant stated the audits were done and waiting to be submitted but of course like many other pronouncements, it was a lie used to try to advance the share price. I talked with an accountant about the process of having a cease trade order removed. Here is the synopsis of our discussion.
1-the default issuer must submit audited financials by way of filing them with SEDAR.
2-accountants at the regulator will then review the submitted filings
3-the process is a back and forth discussion and depending on the number of filings missed, it can take a great deal of time. The back and forth for example the company submits a filing but it is not up to standards-regulator sends them back asking questions, clarifying statements and so on. The longer the issuer is in default means the longer it will take. Each year there are five financial statements that need to be sent in so for Atacama that is 24 separate filings that will need to be submitted and examined. Each day that passes adds late fees to the tally.
4-that is the process for missing financials. I asked if a company is out of compliance for four years how long would it take-response was not specific but it could take several months to well over a year(s) before the final decision is rendered by the regulator as to the financial statements meeting what they call "standards of disclosure".
You can close your account any time, the stock has been delisted.
soulsave, I love how some use the term "falsely". Of course any logical person would be able to recognize the difference between "falsely" and "incorrect". Since they continued to fail to file as required for another six years, the point is mute. In my opinion the regulator did this as they get ready to take their next steps and for them to have issued a statement in response to the ridiculous assertions made on social media about the Atacama Resources variation order was a surprise, but a welcome surprise as stock promoters continue their trend of falsely representing the facts to suit their needs, which we know of course is to profit from anothers loss. The truth will of course win out in the end, regardless of whether someone makes an alleged 300% gain or 300% loss-it is not a matter of some making profits, that is obvious, but whether or not the company actually does anything which to date they have not accomplished anything towards having the cease trade order lifted in Canada.
Falsely would indicate no merit, while incorrectly means they got a date wrong, as one can see from the confirmation of the cease trader order and the additional dates added (which some think is now a good thing) to the order. Cease trade orders can be varied as we have seen with Atacama to allow some Canadian investors, upon a successful application to sell their holdings.
Good night.
Your assumption is incorrect. I have no idea who provides insights to you on matters like this but you should fire them.
For starters, using the term "falsely" indicates the cease trade order has no merit. It does. What this means so there will be no misunderstanding, is the filings for 2015 were not required to be filed because Atacama was not a reporting issuer in 2015. Recognizing, and amending mistakes is the sign of a regulator getting ready for future actions against the issuer so there can no appeals and questioning of the allegations.
I have no idea what you mean changing it from a CTO to a CTO variation. Again, you might want to consider firing the person providing you with advice. Cease Trade Orders are varied all of the time and to date there have been five variation orders issued allowing for Canadian investors to sell their securities under the variation order. To keep it clear and concise, the Alberta/Canadian regulator varied the cease trade order from all purchasing and selling of the issuers securities in Canada must cease to providing a variation order to allow for the selling of the securities in Canada. The CTO then, unless you are provided a variation order, is still in full force. There is no such thing as a CTO:Variation, but rather a variation of a cease trade order allowing for the selling by a securities holder upon application-and they must qualify under certain restrictions. For example, Glenn Grant would not be granted a variation order allowing him to sell his shares.
So the regulator removed 2015 and added 2019,2020,2021 to the order-the order has been varied to allow new defaults to be added. So they went from three to six years of violations-that is not a good thing. We will see more from the regulator on this in my opinion. And the issuance of a cease trade order does not fall under any statute of limitations since it is an action taken against the issuer who has failed to respond or correct the deficiencies.
Happy Three Year Anniversary of the Cease Trade Order Atacama Resources-letting Canadians down three years in a row! Bravo.
There is no First Nations involvement but rather individuals, native and non-native involved in it but no band/tribe/nations. That is another lie being spread.
You just called Atacama not legitimate! Come over to the light at last.
Titanic leaks! Fluffy pr's-we would like to announce the acquisiton non acquisition option to buy/not buy please check the two different announcements and choose the one that makes you feel warm and fuzzy
Facts are not allowed to get in the way of lies when it comes to Atacama. Here is information from the Alberta/Canadian regulator. The apology lie is a strategic exagerration meant to misinform.
inquiries
Wed, Jul 14, 2:27 PM (16 hours ago)
Mr.####
The Alberta Securities Commission did, on July 6, 2021, issue a Variation of the cease trade originally issued on July 27, 2018. This new order amended some incorrect information contained in the July 27, 2018 Order where reference was made to periods before Atacama became a reporting issuer in Alberta but also added subsequent periods of non-compliance. The original Order was validly issued and the cease trade remains in effect.
Thank you,
Inquiries
Alberta Securities Commission
Suite 600, 250-5th Street SW, Calgary, AB, T2P 0R4
Phone: 403.355.4151
Toll Free: 1.877.355.4488
Fax: 403.297.6156
Email: inquiries@asc.ca
Not surprisingly the amount of false information being posted is on the increase. Atacama has not issued a press release since February of 2021. I found it interesting reading the variation order which is not good news for Atacama, despite attempts at misleading by some. I particularly found amusing the belief an apology has been issued to First Nations people (when in fact, nothing could be further from the truth!) by the Alberta/Canadian regulator. I did receive information sent from the regulator about the variation order. As I suggested earlier this week, I was correct in my assumption (right again I might add humbly).
Quite simply any suggestion the regulator has apologized is completely false, a straight out lie. But with Atacama not being compliant or transparent what else would one expect.
General Eddie to you. As I said, they are getting their ducks in a row. They added three years of defaults correctly. If one chooses to conduct actual research you will find the rule applying to companies like ACRL was amended in 2016 which means the 2015 filings would not have applied under the amendment so they "incorrectly" included 2015. Choo choo.
Lets find that fake communication with the regulator. It will have to be on SEDAR as an application. It has to be there ahead of the variation order.
Company Search: atacama resources
Industry Group: All
Document Selection: All Sorted: By Issuer
Date From: January 13 2021
Date To: July 13 2021
Search results 0-0
A good example...
Lawyer to client-good news. They dropped the parking ticket but added three charges of dangerous driving resulting in death. Happy Days!
hardly. They added three years to the defaults but go ahead, make some money from the false interpretation while you can. Prove it is false when they added defaults. Instead of three now six years. This is not looking good for Atacama, they are adding charges. Getting their information straight to avoid challenges during a hearing. Not good. The truth will win out in the end so enjoy the day in the sun while it briefly lasts.
Paragraph 1 of the Background to the CTO incorrectly stated that the Issuer was in default
of filing its annual audited financial statements, annual management’s discussion and
analysis, annual information form and certification of the annual filings for the year ended
31 December 2015, and its interim unaudited financial statements, interim management’s
discussion and analysis and certification of the interim filings for the interim periods ended
31 March 2015, 30 June 2015 and 30 September 2015.
4.
What communication? What this likely means is this...the regulator in preparing a stronger case against the issuer is ensuring they have their information aligned to ensure no hiccups. So after an internal review they have decided to eliminate the one year and added three years of defaults. This seems to be the regulator getting its information together for future actions. It does not say upon an application by the issuer-this was done by the regulator is my opinion. Nothing in there states Atacama contacted the regulator. Prove to me I am wrong by showing they applied for this? If they applied for it the information would be on SEDAR. It is not. LOL.
If this is good news, why is the company not announcing by way of a press release they have applied for, and received a variation order? Why does this always come not from the company? Why would the company not use this to reassure Canadian investors they are working? This would be big news for the new team but it seems they had nothing to do with it. This is bad news, not good news imo.
I have a train to catch, enjoy the day.
How did you miss the update I posted last week and just reposted. So they dropped one year and added three years.
Do the math. Were in default for 15,16,17, which is three years.
Now in default for 16,17,18,19,20,21 which is six years.
That is not progress. Removing one year and adding three just means the defaults went up. Still no SEDAR filings to indicate progress, just a bunch of stock promoters, not you, making a mountain of a mole hill.
So the regulator recognized since putting the cease trade order on they have not filed required disclosure for three additional years. That is not good. LOL.
UPDATE TO ALBERTA SECURITIES COMMISSION CEASE TRADE ORDER
4. The Issuer was and remains in default of its obligation to file all other periodic disclosure
identified in the CTO.
5. Since the date of the CTO, the Issuer has also failed to file the following periodic disclosure
pursuant to section 146 of the Act:
(a) annual audited financial statements, annual management’s discussion and analysis,
annual information form and certification of the annual filings for the years ended
31 December 2018, 31 December 2019 and 31 December 2020; and
(b) interim unaudited financial statements, interim management's discussion and
analysis and certification of the interim filings for the interim periods ended 30 June
2018, 30 September 2018, 31 March 2019, 30 June 2019, 30 September 2019, 31
March 2020, 30 June 2020, 30 September 2020 and 31 March 2021.
LMAO, too funny. Yes, the ASC removed the 2015 default and replaced it with 2018, 2019, 2020, 2021 so now they only are in default for 2016, 2017,2018,2019,2020,2021 instead of 2015,2016,2017. So they went from three years of default to six years of defaults. That is not progress lol. Wow. Some thought that was good news? Really?
Actually it is just like a typical OTC company. It survives on hype and lies to keep the momentum going. If Atacama relied upon news to bolster its share price it would be at zero but stock promoters ensure facts are twisted just enough to keep the share price moving up and down. A great example is Mr. Dion is not an FN leader. He has no current authority in the FN political or tribal hieracrchy. His only position is the CEO of a very small oil and gas business in Alberta. He does not run a FN pipeline as was incorrectly stated here. There is no FN involvement in Atacama. Mr. Dion informed me he was not aware of the past issues still facing Atacama and its shareholders in Canada. With the new disclosure rules coming into effect in September things will get interesting. They will not see the removal of the CTO in Canada, if at all, until sometime next year which means between now and then, with no money available to them, they can do nothing.
FN bands in Canada are at great odds with one another at the moment with some wanting to cling to fossil fuel development and mining with no concern for the environment while others want to guard the land against projects which have the potential to further damage their already damaged lands like mining but its okay, Atacama will never mine an ounce in your lifetime.
you stated...
NONE OF WHICH HAS YET EVER BEEN SUBSTANTIATEDD WITH ONE SINGLE SHRED OF EVIDENCE
the omission of fact under securities law is a violation. What they don't say can be held against them.
Here is a list of some violations under securities law:
Atacama will trade on the Nasdaq-not allowed to say that
Assay results posted from a non-compliant source, naming the company-not allowed
Atacama stating how much their shares could be worth in the future-not allowed
Atacama will trade on the TSX-not allowed to say that
Atacama stating purchasers of their preferred shares cannot lose-not allowed to say that
There are no filings in Canada, none submitted. OTC filings are pretty much the same as they always were, full of nothing. Those filings are not acceptable in Canada and the Canadian authorities have now added three more years of overdue filings to the cease trade so now have to file from 2016 to 2021. That is not progress. I love facts over lies. OTCBB filings like corporate filings are just for show but it will not move forward the process of the cease trade removal in Canada. They have done nothing to have it removed and the Canadian authorities by adding three more years of missed filings to the order are stepping up their actions against the company. They have submitted nothing in Canada.
You stated...
Tannahill gold property option a lie?
Now that is interesting because the press release said it was an acquisition, not an option to buy. The option to buy can be found on the website but was not part of the press releases that were used to jack the price up. They cannot seem to make up their minds-an option or an acquistion. They never amended the press release so which one is factual?
They never have amended the SEDAR filings to show the audited financials were not audited-public companies should correct these errors but they have chosen not to. Atacama in court? Yes, that would be interesting.
August 13, 2019 filings
Atacama Resources International, Inc.
Notes to Consolidated Financial Statements
For the Years Ended December 31, 2017 and 2016
(Unaudited)
SEDAR title never amended
Atacama Resources International Inc. Aug 13 2019 15:59:08 ET
Audited annual financial statements (amended) - English
PDF 435 K
To date both filings made August 13, 2019 stated audited but the statements themselves clearly show, as above, they are not. Why? These were twice filed with the title on SEDAR as audited when they were not. Why?
A complete fabrication, which time and again has been proven to be false. Subsequent, logged drill reports at the Ontario Ministry of Mines bears out the fact no economic gold has ever been found in the old Todora myth drill holes/site. It is interesting however how fabrications, in the absence of facts, is used to hype a stock with no current drill program, or money for one. There are no millions waiting to be used.
It was stated in a report...
"Additional drilling for this target was completed from a new drill platform" but of course this is not an Atacama drill report. Mr. Berry and Mr. Dion do not have the funds to do this kind of work so it is quite obvious the report is from a real driller, with real exploration teams with talented geologists and support teams using real assay reports but not things like Allsops Faeble, fake assay reports, old pre 51-103 standards. It is too bad the drill report is not nor ever will be something Atacama issues.
NEW UPDATE TO ALBERTA SECURITIES COMMISSION CEASE TRADE ORDER
4. The Issuer was and remains in default of its obligation to file all other periodic disclosure
identified in the CTO.
5. Since the date of the CTO, the Issuer has also failed to file the following periodic disclosure
pursuant to section 146 of the Act:
(a) annual audited financial statements, annual management’s discussion and analysis,
annual information form and certification of the annual filings for the years ended
31 December 2018, 31 December 2019 and 31 December 2020; and
(b) interim unaudited financial statements, interim management's discussion and
analysis and certification of the interim filings for the interim periods ended 30 June
2018, 30 September 2018, 31 March 2019, 30 June 2019, 30 September 2019, 31
March 2020, 30 June 2020, 30 September 2020 and 31 March 2021.
I love facts, so much better than lies.
Proof please. It was said Mr. Berry had unlimited funds for Atacama but they cannot drill or explore because they cannot raise money. Can you show where this information can be found as it seems rather important to investors but again, the company has said nothing about drilling or exploration or funding and done nothing about the cease trade order being lifted. Is this what is called a news flasch? Waiting for the facts to be published?
Since the company cannot see fit to update investors since last February (but again, nothing has changed even with a change of management and after all, what would one expect from the new CEO?) it is left up to stock promoters to repost and repost and repost old Atacama press releases. But why, why, why would the company, Atacama if they are so astute, not press release the fact they allowed so many Atacama permits to lapse? I guess it is difficult however since previous management made so much noise about them and it would prove to be embarrassing if they admitted they allowed so many leases to lapse.
Instead, investors and Canadian investors in particular who are very very upset with the lack of progress by Atacama to date and are left at the mercy of lies and misrepresentations, For example lies about Mr. Dion and FN people in Canada. I feel for Mr. Dion and admittedly, as he told me, he was not aware of the issues facing Atacama. It was intimated Mr. Dion, of Atacama is not actively playing a role at Atacama. But like Todora it proof is not needed for a point to be valid. The lack of clear information from the company on any point other than blowing their own horns, which they seem to enjoy doiong, clearly shows, along with the new defaults by the Canadian regulator illustrates lack of progress.
Mr. Dion and company have not said anything since February. You might think the lapsing of so many leases would be newsworthy to investors but apparently not.
SEDAR NEWS FLASCH UPDATE-LATEST FILINGS NOW AVAILABLE FOR FIRST SIX MONTHS OF 2021-IN TANDEM WITH SECURITIES REGULATOR UPDATE
Company Search: atacama resources
Industry Group: All
Document Selection: All Sorted: By Issuer
Date From: January 8 2021
Date To: July 8 2021
Search results 0-0
With the company being silent guess investors will have to rely on the stock promoters talking nonsense about an FN mining company (fictitious), FN Pipeline company (fictitious), audited financials (fictitious), exploration on FN money (fictitious)-all sorts of non-facts posted as facts. To date the lack of mining company has done nothing to having the cease trade order lifted, or file audits, or assays, or even who are the insiders reports-all basic stuff beyond it seems the capability of the company. Off to The Champion and maybe spot the Royals or Slovakians across the street.
Gotta love this line
No, Web 3.0 is not yet cooked and out of the oven. But ARknet platform is cooked, sliced and being served.
Sure Jon, sure. What going to make $22 next year? Not even Mikey likes it. The whole world is not watching and waiting. Just bad cafeteria food in a prison where shareholders continually are told good things are right around the corner as they travel in circles. What a joke. Investors might be better selling a coffee-proof laptop.
UPDATE TO ALBERTA SECURITIES COMMISSION CEASE TRADE ORDER
4. The Issuer was and remains in default of its obligation to file all other periodic disclosure
identified in the CTO.
5. Since the date of the CTO, the Issuer has also failed to file the following periodic disclosure
pursuant to section 146 of the Act:
(a) annual audited financial statements, annual management’s discussion and analysis,
annual information form and certification of the annual filings for the years ended
31 December 2018, 31 December 2019 and 31 December 2020; and
(b) interim unaudited financial statements, interim management's discussion and
analysis and certification of the interim filings for the interim periods ended 30 June
2018, 30 September 2018, 31 March 2019, 30 June 2019, 30 September 2019, 31
March 2020, 30 June 2020, 30 September 2020 and 31 March 2021.
Off for a spot of lunch then to Wembley to watch the big game.
It must be comforting to those Canadian investors who, for three years, have not been able to trade the stock. Three years later and the company has done nothing to provide relief to those investors. At this time there is zero evidence the company has taken any steps to bring filings up to date in Canada. OTC filings are a joke which is why companies issue shares through OTC pink because little to no disclosure is required-the perfect place to hide in the open. While some brag about the money they supposedly have made Canadian investors can only sit and watch as the manipulation continues unabated enabling those who are part of the scheme to profit. Mr. Dion, Mr. Berry have accomplished nothing and soon Mr. Berry will become the pariah Mr. Grant became, and Mr.Dion will follow. However what is more interesting is the fact that lies and distortion of facts continues to be the modus operandi here but the company does nothing to give the true story. The company could easily have, as one example, amended the SEDAR filings showing the title as audited financials when in fact they are unaudited. Legitimate, ethical companies would have amended the title of those two reports to reflect the true nature of the filings, rather than having allowed, which they did, those running the scheme to continue to have taken advantage of that falsehood. Big big day here.
Did they expire or did they do a last minute renewal?
viva la españa!! Lots of excitement here. The enthusiasm is incredible and no one, unlike Atacama cheerleaders, had to post lies or twist the truth to get people excited. Tapas time!
You speak of lofty price points and accomplishments the third (going on four?) management team is supposedly capable of. To date they cannot accomplish even the simplest of goals. Filings for the OTC are relevant only in that these unaudited filings keep them on the pink sheets. Uplisting is a non-starter, it will not happen, ever. Mark my words. If they ever manage to have the cease order removed in Canada, which I doubt will ever happen (and it won't be any day now because they have not yet done anything to make that happen) then the poor suffering Canadian investors have a shot at getting back some of their money. ACRL is not a mining and exploration company-to date they have no mines, no assets, no assays, no gold in economic quantities just old tales from an old prospector (Aesops Fable) with a vivid imagination-kind of like the imagination that stated Joe Dion is the Chief of Canada. Keep banging the drum though, it gives one something to do when nothing is being done.