Discovery Minerals LTD (DSCR)

[locosurfer]

DD ON DILUTION OR POSSIBLE R/S

To those who are PMing and asking about if the stock is being diluted, here is your answer. NO NO NO. Here is a run down of the numbers from the T/A as they issue the stock and are presently not gagged by the company.

All numbers are rounded

2.9 Billion A/S
1.3 Billion O/S ( As 1 billion of restricted shares are being returned to the Treasury from the CEO
and the paperwork takes about 7 working days roughly before it will be updated with the T/A )
300 Million of the O/S is still restricted

So only about 45% of the A/S is issued which is nothing. That brings me to answering the question that some have about if there will be a R/S? ALL I CAN SAY IS REALLY!!!! THE ISSUED SHARES ARE ONLY ABOUT 45% OF THE A/S AFTER THE 1 BILLION RETURNED SHARES BACK TO THE TREASURY. WHY IN THE WORLD WOULD THEY R/S THAT. Below is an email from the CEO answering that question ( I felt like an idiot asking it but did so on the behalf of a few posters ).


From: loco surfer [mailto:[e-mail]]
Sent: Wednesday, February 19, 2014 8:19 AM
To: [e-mail]
Subject: Information



Mr. Smith,



There have been some rumours floating around the iHub chat board that Discovery Minerals is considering doing a reverse stock split? Could you please respond to this question so that I can share your email with the iHub forum?



Thank you,


XXXXX



ANSWER FROM CEO



Hello XXXXX,



Thank you for taking an interest in the Company. The BOD at present are not contemplating any reverse.



Regards,



Russell Smith