Atacama Resources International Inc (ACRL)

[Tiresias]

Not a valid question. Under the cease trade order the company cannot sell shares so Mr. Dion could not have purchased shares from Atacama.

Broadly the sale of a company security in most world jurisdictions is a distribution of shares not yet distributed, but not traded. Shares trading on the secondary market, or the OTCBB or NYSE for example, do not count as distributions. A trade is a sell, thus the term cease-trade. However, the cease trade order against Atacama states the purchasing or selling of shares so that rules out Canadians buying.

So the short answer is Mr. Dion could not sell his dignity, nor could he have purchased shares in the corporation for a controlling interest in the company. If the company wished to distribute shares to Mr. Dion, and others, it would be a matter of public record as required for any distribution under securities regulations in Canada. Individuals can invest money in a corporation as a loan, but not collateralized by the issuance of stock to secure the loan. Regardless any transaction entered into by the company that could have a material effect on the share price (such as a debt taken on in exchange for capital) would have to be reported on SEDAR and to date, no filings have been made on SEDAR since November 2019. In short this appears to be windowdressing until such a time as encumbrances are removed to facilitate capital raising and current audited financials are filed on SEDAR