Arcis Resources Corporation (ARCS)

[HFM2]

So, to put it all together:

I think it really is this simple:

ARCS put their information on Twitter instead of filing it as "material information" through the Alternative Filing Standard. Once that is corrected, the CE will be gone. Even if it takes 30 days to remove the CE, the current filings will still be viewable by investors who wish to verify.

For Dark or Defunct companies, OTC says: "Pink No Information companies may not be able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group." This is what ARCS failed to do.

https://www.otcmarkets.com/glossary#dark-or-defunct

Also, from OTC:
Quote:
________________________________________
Current Reporting of Material Corporate Events
Companies are expected to release quickly to the public any news or information regarding corporate events that may be material to the issuer and its securities. Persons with knowledge of such events would be considered to be in possession of material nonpublic information and may not buy or sell the issuer’s securities until or unless such information is made public. If not included in the issuer’s previous public disclosure documents or if any of the following events occur after the publication of such disclosure documents, the issuer shall publicly disclose such events by disseminating a news release within 4 business days following their occurrence and posting such news release through an Integrated Newswire or OTCIQ.
________________________________________


https://www.otcmarkets.com/learn/reporting-standards - see Alternative Reporting Standard, click on OTC Pink Basic Disclosure Guidelines


ACRS missed the 4 days deadline after the tweet, thus the problem. So, all of those trading on the information in the tweet, were "in possession of material nonpublic information," which suggests that OTC thinks the information is legit! Does that sound about right?


Further, on the OTC ARCS homepage it say specifically:
Quote:
________________________________________
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
________________________________________


The dots line up pretty well . . .