Decemberschild
1 day ago
That release is for the American market. If they wanted to begin the new year on the right foot they should have disclosed the CTO still, is in place, going on seven years. A mention of the case against Glenn being completed for the selling of securities in violation of the CTO (IMO and from what I can gather from conversations with regulators in Canada (Alberta, British Columbia, and Ontario) only one aspect has been dealt with and in likelihood, more to come.
They still tend to use promotional phrases like “cutting edge technology” without stating what it is. Okay, they use tools (drills) to cut(ing) the rock and edge (as in the edges of drill bits) but apart from those linguistic stretches, it is by and large the same old thing. Glenn sitting in a trailer late at night with a lamp on by his desk, an almost empty cut glass whiskey tumbler, sitting on the desk with a nearly empty bottle of Old Rot Gut rye next to the glass. No doubt IMO reading that release he still is in charge and given the fact the usual suspects are not throwing him under the bus as they did when very cherry Berry took over confirms it for me.
Guys I have an idea, why don’t you find some gold, do cutting edge drilling, then discuss it, in the context of having done something.
Ntouch
5 days ago
CEO’s 2025 New Year’s Message
As we close out 2024 and turn the page into 2025, Atacama Resources International is more energized than ever about our future. Over the past year, we have demonstrated our unwavering commitment to tackling challenges head-on, while maintaining transparency with our stakeholders, even when delivering difficult messages. Our management team and Board of Directors are united in a shared vision: to drive long-term growth, to monetize our assets, and to maximize shareholder value with every decision we make.
Looking ahead, we are strategically positioned to capitalize on significant opportunities. With the imminent entry of new Canadian investors into the open market, we anticipate a surge in momentum for our stock. To prepare for this growth, we have transitioned to a new Transfer Agent, ensuring we have the infrastructure to manage an expanding portfolio of projects in the coming years.
Our focus now turns to unlocking the full potential of our Tannahill mine in Kirkland Lake, a highly promising asset located on Ontario’s renowned “Golden Mile.” Our geological team is currently assessing next steps to maximize this property’s value, particularly in light of soaring gold prices that makes this venture even more lucrative. Tannahill is surrounded by active, revenue-generating mines, and we are ready to position ourselves as a major player in this thriving region.
In addition to Tannahill, we are evaluating our Atacama 3 property, which encompasses the newly combined Atacama #3 and Golden Eagle #1 claims. These large, potentially high-gold concentration assets span within five miles of the Agnico Eagle Macassa Mine Shaft—one of the most prolific gold-producing sites in the area. Extensive geophysical analysis has already been completed on both properties, and we are excited to explore the next steps in unlocking their value. Overall, the combination of Atacama #3 and Golden Eagle #1 has 49 claims covering 1,940 acres.
What truly sets our company apart is our loyal and engaged investor base. Your steadfast support has been the foundation of our progress, and we remain committed to maintaining an open and transparent line of communication with all shareholders. As we move forward, we are determined to reward your loyalty with sound business decisions and sustained success.
The best is yet to come.
Buddy Moynihan
CEO, CFO
Atacama Resources International
Decemberschild
1 month ago
He means his LT shares qualify because he is so deep in that selling at such low prices would wipe him out. That is what happens when you drink the Kool-Aid and make the Kool-Aid. All of those small sips in between batches muddled his brain. No company is interested in what they have to sell. I mean, why pay for nothing? For some reason, the promoters and Kool-Aid makers think a reputable company will swoop in and buy dirt. Interested parties in the past have drilled into the so-called golden zone and come up with nothing or as near to nothing as possible. Historical drilling results, available from the Canadian Ministry of Mines, clearly show there is nothing in quantities that would make it profitable. I love a good story in which, after pulling at a thread, I see the whole thing unravel like a cheap sweater, leaving one cold and naked up top. The chat I had the other day with the local office about the settlement agreement was interesting. Coal might be on the way for some.
Decemberschild
1 month ago
I don't think the SEC will go after penny-ante promoters, the likes of which we have seen here (Touchyboy, Japan Airlinesboy,noskillorluckboy, etc.). Still, they would be more inclined to go after management since they are easier to find and prosecute. I was given a copy of an email from a company employee, which was a fascinating read that gave rise to my questions the other day. After rereading the settlement agreement, Glenn can still participate; he cannot be an officer or director of the company, but nothing forbids him from being an employee. He and his wife have a considerable number of shares, and I am sure they would want to be able to cash in. It will take tens of millions of shares to pay his $30,000.00 fine (accountants can examine the next set of financials to see if the company paid his fine and the cost of his courses). Some of the points made in his email were interesting, and I will forward them to the ASC for their take on it. In short, the company wanted a hearing to clear their name, but the ASC pushed the settlement agreement on them. The company decided to take the ASC up on their offer because the CTO was going on seven years, and the cost of lawyers to clear their name would have been expensive, so Atacama took the offered agreement, and it was understood the ASC, in exchange for Atacama accepting the settlement agreement would then revoke the CTO. In short the company was disappointed they did not get the opportunity to contest the allegations made by the ASC because, obviously, they were confident the whole thing would have been dismissed. If that is the case, but I seriously doubt it is, it would be a first. I cannot think of any reason why the ASC would have gone to the trouble of issuing a statement, following it up with a notice of hearing to the public and setting aside three days in December for the hearing only to turn around and make an offer of settlement. That sounds way off to me. They could have done that privately without any public notifications being made.
Decemberschild
1 month ago
I wonder what became of them? They are so stalwart in their claims and vitriolic in their defence of this company and its management. It is easy to pick companies like this out of the rubbish and watch stock promoters try to run them up with fantastic stories of wealth and ability. Early on, the signs were there for anyone with half a brain to know this was a scam, and even mom-and-pop investors, those innocents who always sided with the stock promoters, became unwitting stock promoters themselves, doing the dirty work in their absence. The SEC has their names and claims, and their silence echoes around scams like this and others they were involved with. Enforcement action is not yet complete, and the ASC and the SEC will continue their investigations into Glenn and his management team at the time those claims were made. Even sad old Ntouch had remained quiet even if he tried to disassociate himself from it when he said, "Every once in a while he likes to check in" when he was here every day, but his opportunities to attack and promote dwindled in the face of the reality he too could find his name on the investigators lists. Hats off to those who passed along statements and informed the regulators of the sale of securities in violation of the CTO, outrageous claims, and the leaking of press releases in the face of limp attacks by those who laughed and told us to let the regulators know right away of the transgressions-we did, Glenn is done, the share price continues to plummet, and the Nancy-boy Praver twins find themselves staring into the abyss that is the future of their roles. They all try to hide themselves on a JAL flight out of Chicago. The managers of this forgot one thing. If the claims are legitimate, there is no need to turn to half-baked stock promoters to try to increase the share price; it can be done legitimately.
One final note: this is just so usual with companies like this. The website's front page has this note on the picture in an attempt to convince detractors it might be fake. Legitimate companies with legitimate claims don't stoop to this level.
ACTUAL TANNAHILL DRILL SIGHT
Merry Christmas to us, the detractors. This one is wrapped and delivered.
Decemberschild
1 month ago
Glenn went to the ASC cap in hand to avoid a hearing and potentially stiffer sanctions. If you admit your guilt, they go easier on you because you have saved them the time and, ultimately, costs that would be charged to him if the hearing had proceeded. Now, if Glen is caught making decisions, attending meetings, or in any way is involved in making decisions related to the company's operations, they will come down with a hammer. We do not know what other enforcement proceedings are occurring that have yet to be announced. You will note the ASC thanked the SEC for their cooperation, which means the SEC has information related to Atacama, which could result in actions both here and in Canada. There are other issues, of course, such as the breaches related to their claims they would be trading on the Nasdaq and assay results that did not meet the criteria of a professional geologist report, so this is likely far from over. I believe the CTO will remain on while those matters are looked into. This is just one facet of the investigation. Typically, an enforcement investigation does not involve issues related to the business. In other words, selling securities in violation of a CTO would be a corporate finance matter, not an enforcement matter, which usually involves more serious issues such as making fraudulent statements like sixteen ounces per ton. There is so much more the regulator here and in Canada can delve into. With the share price doing a deep-dive, this may take care of itself.
Glenn might have to put in for overtimes to pay that $30,000.00 fine.
Decemberschild
2 months ago
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.
Decemberschild
2 months ago
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?
Decemberschild
3 months ago
" 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?
gitreal
3 months ago
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.
reko01
3 months ago
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.