Atacama Resources International Inc (ACRL)

[wonderseekdiscovershare]

I doubt the SEC would issue a Halt Order for Atacama based on our actions here. Filing requirements for a Reporting Issuer are very different from what is expected from a company on the OTC Pink listing so the litmus test is higher in Canada. Public records show Atacama ceased reporting to the SEC in 2019 so our failure to file here in short does not exist with the SEC. Honestly it’s a low risk issuer in terms of what might be perceived by some as a fraud but in the grand scheme the SEC if they had it on their radar at all it would be much lower down the priorities list.

The company should have filed a S153 which would have seen them if approved no longer being a RI in any jurisdiction in Canada but the odds of that now as I believe instated earlier is an unlikely avenue given the CTO and the other issues potentially facing them.

If you live in Canada and feel you may have been scammed you should file a complaint with the Albert’s Securities Commission and ask them to open an investigation and provide not only your reasons but examples of what you consider to be breaches of the securities act. If you say Mr. Grant did this or said that then provide those examples so they can be looked into. Unsubstantiated complaints do not result in the regulator trying to find an issue based on “it’s a fraud or scam”. They do not go hunting for breaches like that. If you live outside Alberta they will refer your inquiry to Alberta so save time and go to them.

I took a look at SEDAR just now based on a question I received and to date there is nothing there to indicate they have done anything more than post an old unaudited filing to SEDAR.

I have no idea who represents Atacama in Canada. That likely would be the legal counsel to deal with the CTO. In my experiences the process is slow usually do to the inability or lack of co-operation of the reporting issuer to address issues highlighted by the securities analysts handing the file. It is no skin off the regulators nose if the issuer is unable to work progressively to a revocation of the order. It is however skin off the noses of investors trying to trade the stock.

And the final question is I don’t answer based on message boards or limited information to call it a scam. That is the responsibility of the administrative panel and or a judge to decide based upon proof and accepted evidence.