Atacama Resources International Inc (ACRL)

[Tiresias]

Everything about ACRL is artificial. The much touted Todora claim is gone with nary a whisper. To date the company has done nothing which would see the CTO removed. I don’t know if you live in Canada but I do not think so. In Canada the process of removing a CTO is a public one. The defaulter in this case ACRL files on their version of EDGAR called SEDAR In Canada and the regulators pull that information. Anyone then can see where in the process the defaulter is. In this case the company has not filed their audited financial disclosure since 2016. Given the fact the company is dormant revenue wise it would have been a simple thing to fix but now they have the daily late fees and they also violated the cease trade order which likely means IMO this has moved from not filing to going a breach. The company had violated a number of securities laws in Canada and those are going to be costly to remedy meaning they will rack up legal fees for many issues. In my experience on both sides of the border we would do well to adopt the stricter measures Canada employs. Canada has the most rigorous mining disclosure regimes in the world.

THE COMPANY seems occupied with rearranging the furniture rather than fixing the roof. The only news is hype from stock promoters. If one likes skimming then from time to time ACRL is an okay stock to trade but it never will be a mining company in Timmons never mind the ridiculous assertion made about it being a coast to coast mining company. That tale is for the trading schemes. This company cannot even file unaudited financials on time. Pretty sure their Colorado team is not over worked. How some can sign off on documents knowing full well the intent clearly illustrates nothing has changed-people will do anything for money. Ethics is just a linguistic perversion of exit, take the money and run.