One of the easiest clues there is a lot of bs being bandied about by a company is when they make comments like this...
We have retained top securities and litigation counsel to guide us through the process...
Companies that do not rely upon bs would have stated..."we have retained counsel to guide us through the process."
The need to exaggerate is great. The inference is other companies just hire lawyers but not us, we hire the best, the top lawyers. The reliance upon such promotional language is a hallmark of companies that conduct themselves in that manner.
Atacama, ACRL, is a CANADIAN COMPANY, REGISTERED IN CANADA, AND IS A REPORTING ISSUER IN CANADA, MAKING THEM SUBJECT TO THE RULES AND REGULATIONS OF THAT COUNTRY. THE SEC ALSO HAS THEM ON THEIR RADAR, AS DOES OTC MARKETS.
Still, nothing on SEDAR. Companies do not secretly file with the regulators - any move to having the cease trade order removed is public - nothing is done in secret. Remember this boys and girls, the Alberta regulator, identified in the shareholders shlemo will be the one to lift the cease trade order BUT their disclosure must be filed on SEDAR so the other jurisdictions are aware of it as well. This is not a secret process but a very public one, but to date it appears they have not even bothered to file press releases via SEDAR which they are required to do if it is a material event. If they cannot pay for audited financials the lawyer bill, if they have retained legal counsel, is going to be much higher than the cost of audited financials.
Still over-due with the Canadian federal government registry, nothing on SEDAR.
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