Atacama Resources International Inc (ACRL)

[Tiresias]

It all begins with filing audited financial statements, something the company seems unwilling to accomplish. Having the financials audited is simple and given the lack of business activity for a number of years with only outgoing revenues, a grade ten economics student and a business income software program could complete them in a few hours.
The company continues to be in default. Auditing the financials and reporting them would lay bare a number of concerns, especially if they applied to have the cease trade order removed. The amount of money they owe continues to grow, both to the securities regulator in Canada and they debt they have. So being in default while some profit by promoting ACRL on social media seems to be the fate. There are also a number of potentially crippling regulatory violations to be dealt with as well and those are the more serious of the issues. The company continues to miss filing deadlines in Canada.
From the beginning, if ACRL is co-operative and provides information to the Canadian regulators with an eye to having the cease trade order lifted, it can be accomplished in three to six months. So far they have had over three years to accomplish something so simple and have not been able to get it done. Remember it was Berry and his billionaires that were to pay for the audits and exploration and now the dimming torch has been passed along to (but not really wink wink nudge nudge) another to hold it before it too sputters out.