Atacama Resources International Inc (PK) (ACRL) News

If Glenn did the crime, Glenn should do the time!!

Date(s)
16 December 2024 9:00 AM
17 December 2024 9:00 AM
18 December 2024 9:00 AM
Location
Alberta Securities Commission, Hearing Room, 5th Floor, 250 - 5th Street SW, Calgary. If a member of the public wishes to attend a proceeding remotely by telephone conference, the person may email a request to the ASC Clerk (clerk@asc.ca) at least one business day before the hearing, including the person’s name, telephone number, and the name of the hearing.

This could be interesting. So far it appears as if Glenn is representing himself as there is no defence counsel named.

It does seem that way. Glenn released another "news release" on the website. I imagine whatever universe the promoters are colonizing; this is big news. It makes no mention of the CTO or the impending Enforcement action. I wonder if the Royal Canadian Mounted Police IMET team is now in on this, as it may move from an administrative proceeding to a criminal one. Even though Glenn "stepped down" (more like he fell since the company fortunes, like his, are like a drunken sailor trying to find his ship in the fog after too much drink), I imagine he is still running things. An acquaintance told me he had written to the company, and Glenn replied. There is nothing illegal about that because he voluntarily is hiding in the background and has not been ordered to resign from his position. The new communications tool, whatever that is, states on October 29...
Please come back every week. Next week will include the latest available information on the company’s Tannahill Gold Claims. Future editions will include Atacama 3, Golden Eagle 1, Heighington lithium, Mystery Graphite, CABO Cobalt, and a couple of Rare Earth claim blocks, all in Northern Ontario and Lamothe Lithium in Western Quebec.
Two weeks have passed with no further news, which is typical. Promises made, promises broken. Going into the third week, there should have been two, if not three, more releases, but of course, nothing. Is there a way to listen in on Glenn's appearance in December?

This fraudulent garbage about to hit the trips. Promoters got better plays to pump elsewhere.

I guess all the promoters vanished.

If, in fact, the movie had some truth, bre-x all on a napkin.

How about an IOU XX million shares written in a cocktail napkin?

You understand that was an attempt at levity, eh?

" For a few million worthless ACRL shares that he can’t sell, maybe?"

The company does not have that option available to them. Any distribution of shares would violate the Cease Trade Order, and currently, as you know, they are being investigated for that same issue. By charging both Glenn Grant and the company, the ASC pretty much has nailed the lid on the coffin. Even if a deal were struck with a buyer, the company is currently being investigated for breaches of the Cease Trade Order. If the allegations are borne out, a hefty fine likely would be issued, meaning the buyer would have to pay the penalties, pay the accumulated late fees, and all other costs related to becoming compliant. Apart from other transgressions, the main issue with Atacama from a securities regulatory perspective is that they violated NI-51-105, which started their problems. Essentially, except for the Canadian Province of Ontario, which did not sign onto this rule, that rule states any securities issuer domiciled in Canada and whose shares are traded on a foreign exchange or OTC system is deemed to be a reporting issuer in the province where the principals are located. Atacama was domiciled in Alberta, and they fell under the Alberta Business Corporations Act. Grant resided in Alberta at the time of the breach, and he was the controlling mind (a tiny mind, but the rule is not dependent upon the number of brain cells floating between his ears). They ignored this rule, which resulted in the CTO. It is too late for them to apply to cease to be a reporting issuer until after the matters are settled and if the sanctions do not permanently ban the company from being a legal entity under the Securities Act. Unless the company pleads guilty to all of the allegations under the order of the investigation, you likely will not see any hearings into the matter until sometime in 2025, so it will be a long time for the company to sit idle in Canada. Of course, the BS machine will continue to speak during this period. Still, It's going to be a long lonely winter in that trailer park and even longer for the numbskulls who promoted this POS, even for the so-called "just an investor" but who rallied behind the promoters. It will continue to trade and will even have some manufactured bright spots from time to time but the company is dead. I wonder if Glenn will now say a hurricane ate his filings?

You're right, Jack.

Keep throwing shit against the wall, and something will stick.

I know the neighborhood a bit. Never worked out there. Don’t know why he’d consider letting Atascama option and explore his claims though. I think they’re broke. For a few million worthless acrl shares that he can’t sell maybe?

I assume that Jack might know what Reko is talking about. I've heard of Mt. Polley but nothing else he said means anything to me.

Could you map that out on your iPhone for us and "dumb it down" a bit?

Thanks in advance.

Nice to see an OTC scumbag nailed to the wall, for a change. Most never answer for their evil ways.

One thing I hear from OTC investors is this - "If they were doing something wrong, or lying, the regulators would be all over them and they'd be in jail by now. So it must be legit!" That belief is so widespread, have heard it on just about every stockboard. What most investors don't realize is that the OTC is essentially unregulated, you can lie, cheat, defraud, with impunity. Maybe once in a while someone pays a fine. Very few ever go to prison. And any legal actions usually happen years after the fraud has run its course, after it's too late.

As transparent as a leadlined wall. If the Canadian regulator wanted to go after undisclosed promoters they might but they will go after the principal which is Glenn Grant, not JAL or Skiluc or the others too numerous to mention but everyone knows who they are and what they have done. They heartlessly sucked in one investor who had sold at a loss but got them to buy again with the “trust us not the critics” and they took the bad advice even though the family was saddled with medical bills and could ill afford to lose the money. They lied to them and got them again but they lost money a second time. They justify it by saying its their choice and they should never take advice from a message board but took advatantage of their need to make money to pay those medical bills (the number one cause for personal bankruptcy in America). That's why I hate those dishonest pricksandthose like someone still here who back up their bullshit-you know the kind who claim to be just an investor. I hope they all die a slow painful financial death. But the ASC listened despite those pricks laughing it off and saying to call the ASC. WELL WE DID-TADA-they pulled an enforcement investigation out of their hat. I hope Grant is ruined by it all. He deserves it. I wonder what he will say ontbe stand? My lawyer has the financials and the reasons why I broke the rules. He will be here SOON.

You know, if they want to get hyped on something that could turn into a few million in the bank, I can help them there.

My Mount polley ground has this potential. Just needs to be drilled. Commander resources just sold their royalties to a firm for 6.4m cad.

On my north block, this ground they sold is contiguous to the east and south. I believe there is something there.

On my south block, that is the gem, in my opinion. Mount polley did some trenching just to the west a couple hundred meters. They some copper mineralization that was exposed during the 2014 breach. Everybody staying quiet on this. I'm not sure why, but I suspect something good there. Two large anomalies were discovered a number of years ago. All public knowledge.

But I understand they probably have something better.

Dang, some poor schmuck got a huge headache courtesy of ACRL. Probably was awarded to an insider, knowing how these guys operate.

Don't forget the bottle of cheap scotch raffle!

A responsible company would provide investors with a map showing the drill hole locations, with some basic geology, maybe a cross-section.

All these guys had were keychains, beer coozies, and a box of uninteresting core.

They did show off a box of unsplit crappy core at the mining convention. But that could be from the drilling done 12 years ago in a new core box…

Starting to wonder if any drilling happened at all.

Got assays?
Whatever happened to that story? Drilling, thousands of assays, maybe written up into a nice little technical report.
Ah well, can't win 'em all....

We feel terrible for you.

The Canadians slapping wrists over non disclosing promoters.

https://www.newswire.ca/news-releases/bcsc-settles-with-mining-company-and-ceo-for-failing-to-disclose-that-advertorials-and-social-media-posts-were-issued-on-its-behalf-893643258.html

Still here. Why would I post anymore though. This thing is dead…I still have all my shares too, a real tragedy for me.. 😂😂

They may have vanished but digital footprints are difficult to erase. My belief stems from too many examples in the past where the SEC did not see the benefit of going to great cost to prosecute because the dollar value of the inflicted harm did not meet their financial threshold test-not enough damage done to the market to warranttbeir attention. Given the Canadian ongoing enforcement action you might see warning letters issued but nothing more. If the ASC decides to prosecute the Pravers it would be because they perpetrated a fraud but really they are just two frat rat boys sent to add lipstick to the pig. The company will be shut down, leases forfeited and shares being forbidden from bei g traded by Grant and others. Alan baby and others will see their shares reduced to nothing with lifetime bans, being forbidden to act as an officer or director of a publicly tradedcd corporation or promoting any publicly traded company. Glenns wife could feel the heat as well although harder to prosecute as pillow talk is protected under the law in Alberta. It willbefunwTching it unfold.

I wouldn't bank on that. They really all did just vanish.

The SEC won’t take action against any promoter of this mess-it doesn’t meet the threshold test they have. They will let the Canadians deal with the issues-Glenn and company. The OTC could issue a trading halt which will kill the stock. ACRL is just a blip and not worth the SEC’s time. The promoters just have to sit back and create a way for them to unload their holdings. No big investors will give this scam their money unless the money is from a scammer taking a shot. It’s over.

Can’t wait to get the papers, get the papers 🤣🤣🤣

Hoping they do personally.

They EARNED it.

Laying low, hoping they don't get served papers.

Awful quiet lately. Where's all the ATASCAMA cheerleaders?

If only someone would have posted about it being a scam, to warm gullible gamblers.

I know it's shocking, and you likely got that unfamiliar churning of your gut when you realized it was a scam. I know, I know, JAL and Bubblebrain and Touchmetherebutnotthere told you nice bedtime stories to make you feel your money was snuggled into a warm nest where you could hear your mothers heart beating as she kept you safe and warm from vultures who might otherwise make a meal of your innocence. Try and take a few deep breaths and regain your trust in humankind so you can safely invest and using these and other social media platforms for advice and reassurance you are doing the right thing (for them but hey, at least it was good for someone and you can take solace in that!). So cheer up. Listen, trust me on this, I have a really really good stock for you. It is an organic self-perpetuating food that replaces whatever you ate while you sleep. You take a slice of organic pie late at night with a warm glass of milk and the next day the slice of pie you ate grew back while you slept and the milk replaced itself. You only will ever have to do one shopping trip and you are set for life. If you are interested just nod and wink and I will get the details to you. Deal?

AtaSCAMa's a scam? Really? No way! I was "brainwashed" even though it was explained over & over.

Yup. We know the whole DD Summit Group.

And we all know who Skiluc is and the website he ran promoting ACRL and he is named in its filed documents.

If, during their continuing investigation, the ASC uncovers information related to the illegal conduct of Atacama Management as regards breaches of the CTO, the SEC then can, under the MOU in place, open and conduct and potentially charge participants, including management, stock promoters like Skiluc and others here who may have breached the securities acts in Canada and the United States. It is no wonder the snakes have slithered under their rocks. JAL, Babbllingbrook, TouchyAlanFeeling-Flaschinthepan, to name just a few of the reptiles. They know if the investigation uncovers other actions, they can be charged. I imagine their delete keys are getting an extra workout lately.

The United States Securities and Exchange Commission Alberta Securities Commission British Columbia Securities Commission Manitoba Securities Commission New Brunswick Financial and Consumer Services Commission Nova Scotia Securities Commission Ontario Securities Commission Autorité des marchés financiers du Quebec Financial and Consumer Affairs Authority of Saskatchewan Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Regulated Entities

If the ASC uncovered information related to the conduct of Brian and Greg Praver, the ASC can then provide that information to the SEC to further investigate. The decisions rendered by the US judicial system related to Securities Act breaches can be, and often are, much more severe in their implementation. In Canada, all of this can be done without exercising a warrant-the ASC could look at the trading accounts of Canadians who have hyped the stock using information they knew or ought to have known was false and misleading. Those persons will not even know their financial records, text messaging, posts, etc., are being examined and likely are already, IMO, being examined. They won't know until the ASC serves them. That should make for a good night's sleep.

Sadly, promoters and enablers usually skate free.

Hopefully the criminal promoters go down with the ship.

These clowns have told an endless string of lies

Good riddance.

No amount of skil or luck or rivers of gold will save this garbage.

What I do not understand, Huggy, and correct me if I am wrong, but did Glenn not say in 2019, via one of his many pronouncements, that the CTO would be removed in a few weeks? I read that the lawyers had all the paperwork to submit to the ASC. Did they not send it in? He also stated in late summer 2022 that the CTO likely would be removed by the end of September 2022. Of course, the despicable Atacama minions took time from chasing fire hydrants to level heavy criticism at those critical of Atacama. Did Glenn not submit the required paperwork? Glenn finally admits, more than a year later (hey kids, we want to be transparent here). Still, now and again, we might forget to inform shareholders that we did ask for the CTO to be removed in 2023 but forgot to tell shareholders that we were refused more than a year later. I guess that would have put big holes in everything else they wanted to use to try to con the market.
This is going to put a crimp into their plans to raise capital for drilling since they cannot offer a share of the company to any investor. Perhaps Greg and Brian will dig deep into their khaki shorts and pull out several hundred thousand dollars or maybe they use it as a pick up line in bars (Hey babe, can I buy you a drink? I run a gold exploration company in Canada!). This is all very entertaining.

Ahh, the beginning of the end.

About time.

Hey touchy ya moron. Showing your face around here and yapping at the naysayers. LMFAO. You should look in the mirror-no wait-do a group photo of all the Atascama losers looking on the mirror. Did you buy those shares today to make it go green? Nah you can't cause you can't even sell what ya got. That CTO, like your future, ain't going nowhere LOL. What a pathetic bunch of failed stock pumpers and especially you since you can't buy or sell this POS! I am loving watching this thing burn. Do you think your buddy will plead not guilty or will he fall on his rubber sword and take one for the team. Someone in a pm was trying to convince me you are reko playing his game. Nah don't buy it Alan. Maybe remo will finally publish the list of players he bullshits he has but never will.

Front page of the ASC website this morning. They are famous!

ASC alleges public company Atacama Resources International Inc. and Glenn Brian Grant breached an ASC Cease Trade Order
Sep 09, 2024

CALGARY – September 9, 2024 – The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Atacama Resources International Inc. (Atacama) and its Chairman and Chief Executive Officer, Glenn Brian Grant (Grant), breached an ASC Cease Trade Order (CTO). Under the CTO, all trading or purchasing of Atacama securities were to have ceased.

According to the Notice of Hearing, Grant approved the issuance of Atacama common stock, series B preferred stock and convertible promissory notes to a number of individuals, including himself, in breach of the CTO. The Notice of Hearing also alleges that Atacama and Grant engaged in numerous acts in furtherance of trading in Atacama securities, in breach of the CTO.

These are allegations and have not been proven in a hearing.

An appearance to set a date for a hearing will be held on October 16, 2024.

A copy of the Notice of Hearing can be found on the ASC website at asc.ca.

The ASC gratefully acknowledges the assistance of the United States Securities and Exchange Commission (SEC) in this matter.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

For further information please contact:

For Media Inquiries:


For Investor Inquiries:

Tanja McMorris
Alberta Securities Commission
media@asc.ca

ASC Public Inquiries
Toll Free 1-877-355-4488
inquiries@asc.ca

The nice thing about being retired and travelling the world is that you find plenty of time waiting in airports, riding trains, reading and responding to the idiotic ramblings of CEOs and their followers. Who needs to work when you don't have to? I find roaming Europe, going to football matches, and enjoying games of Nine Men's Morris in English pubs to be far more entertaining than working.

How does it feel to be wrong about Atacama?
How does it feel to know your attempts at misleading others about the Atacama have all failed?
How does it feel to realize your shares will likely be locked up forever in Canada?
How does it feel to see your former Atacama boss being investigated for breaches of the Securities Act?
How does it feel to see your former employer, Atacama, being investigated for breaches of the Securities Act?
How does it feel to finally understand that I and others have been spot-on about Atacama?
How does it feel knowing your juvenile responses to criticism have not furthered your cause?
How does it feel to know you are a loser when it comes to Atacama?

I imagine it will be difficult for you to go forward until an appearance date has been set, then wait for the hearings to commence, then wait for the judges to deliver their verdict, and finally, wait for the judges to announce the sanctions against Atacama and your idol, Glenn Grant. Getting coal in your stocking in September must be particularly hard. Face it: your personal attacks and juvenile outbursts directed at critics instead of countering their points with facts instead of invectives must increase your stomach acid output. I would ask your physician to prescribe Zantac. It is going to be a long long time before you can afford to fix up that ramshackle duo plex you reside in. With no money coming from your shares, you are going to stretch your means.

It's all over now, baby blue. I think Summerland will have some new headlines in the future: LOCAL MAN CHARGED BY SECURITIES COMMISSION; LOCAL MAN FOUND GUILTY OF BREACHING SECURITIES LAW; LOCAL MAN BANNED FOR LIFE FROM TRADING IN SECURITIES.

That will get the local rumour mill going. He will be the talk of the trailer park.

You sound a bit triggered. Perhaps your investment here is suffering a bit?

It's just a failed OTC scam, find another one to pump! Cheer up, there's gotta be someone dumber than you to flip worthless shares to.....find them!

Every once in a while I check in here and I see the same group of assholes along with "Jack and The Sham Sisters". What dive or one star hotel bar are you booked into tonight.?
Another good name for this 'group' would be "The Pathetic Bunch" or "The Boneheads"....mY choice "THE BONEHEADS".

Assays results ...It makes sense given the TIME....they should be soon.

In the meantime, you really should seriously consider doing something meaningful like going to work...get a job, assholes.

Ntouch

The Alberta regulator has taken the first steps against Atacama and Glenn Grant. That will create some large legal bills for the company and Grant. No matter what the company says it is going to do, it is going to have that hanging over its head to cast a grey hue on the future. The company is a legal entity, as is Grant, so they both will need defending. I would bet that the company they are going to permanently ban trading in Canada for this, meaning the only dupes will be outside the country during any money-raising efforts, and Grant likely will face a lifetime ban, likely the loss of his shares as a result since he won't be able to dispose of them legally but I don't think he would go to jail even though he could face jail time if they decide to proceed with the contempt of court charge because of the cease trade violation. Not often has that happened because hardly any Alberta residents likely purchased these shares, and they can or have disposed of them using a variation order. It likely will prevent the company from raising capital in Canada, and Canadian shareholders will have to use the variation order to dump their holdings. So, Glenn, will you sue the ASC for doing their job? They are going after you and the company for how they allege you have gone about yours. It will be a while unless the company folds due to the inability to defend itself. Also, the new heads might find themselves in hot water with orders issued against them, and if they fail to comply, they won't be back in Canada anytime soon due to risk of arrest. I do like it when the future is as one predicted.