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Thursday, March 18, 2021 1:09:35 PM
20. On or about December 14, 2020, the most recent Chief Executive Officer
of ARCS (the “CEO”) sent an email to OTC Markets and explained: “I have just
become aware someone not affiliated with Arcis Resources corporation [sic] is
spreading lies about Arcis Resources on Twitter/message boards claiming they have an
affiliation to the company & spreading false lies. This has been a dormant shell for
several years now & there is nothing is [sic] going on. What can I do to have my name
removed from the OTC Markets? Additionally, what person from the OTC Markets can
I talk to so investors are not harmed any further?”
21. On or about February 23, 2021, the CEO emailed the staff of the SEC and
explained, in part: “ARCS was a failed project. It has been inactive since approximately
2016. (no updated filings have been done with the OTC markets in years.)” and “The
website: arcisresourcescorp.com (became available years ago due to non payment) As
there was no need for it. At some point last year someone purchased it to spread false
rumors about Arcis. In addition, someone also made up a fake Twitter account to make
false statements on Twitter.” and “I believe someone named OCmillionaire on [iHub] &
Twitter with several thousands followers purchased shares in the open market with
several of his associates. He then purchased the domain name/ made up a fake Twitter
account in order to sell shares he had purchased at higher price.”
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