Django of Securities Fraud
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Blatant Fraud this is getting suspended
Tehtered coin tied to 2,100 ounces of GOLD, SIlver, Ethereum and Bitcoin. About $120,000,000 worth of assets the company does not have, backing a Fake Coin so they could steal $2,538,000.
This explains perfectly why the material concealment on the mandatory OTC disclosures and why the COIN site was taken down.
We went out and found the archive of the website so you can see the lies and extent management has gone to conceal this.
https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
To go as far as concealing this by denying its existence in Subsequent Events is about as in your face securities fraud as you can get.
For people who litigate securities fraud this is known as 'scienter" a state of mind of management when they made a representation
Proof of Scienter
Page 22 - Final Nail in Coffin
Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements.
My thoughts
This is getting suspended, I have seen the SEC suspend better for less. What really needs to happen is we need as a board to start communicating with the SEC and US Attorney's office. This is in hopes of bringing this idendified criminality to justice.
When you are ready to see justice, file a complaint.
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
0 Revenue x 7,437,913,081 + Fraud = 0
Outstanding Shares 7,437,913,081 11/29/2021
Restricted 2,247,871,578 11/29/2021
Unrestricted 5,190,041,503 11/29/2021
Why would a company sell $2,500,000 worth of a DSC coin and not report the revenue from this.
Might be that they lied to buyers of the coin about the assets backing it.
"...The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
When you are ready to see justice, file a complaint.
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the DSC Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan Proof of DSC Coins Sales totaling $2,538,000
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Mandatory Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN showing managment's state of mind "scienter" in further concealing this fraud.
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Then Compare that to
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165128224
This explains why they disowned knowledge of this DSC COIN, look at the representation they made.
THIS IS OVER THE TOP
The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin.
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
DSCR Final Nail in Coffin
Why would a company sell $2,500,000 worth of a DSC coin and not report the revenue from this.
Might be that they lied to buyers of the coin about the assets backing it.
"...The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
When you are ready to see justice, file a complaint.
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the DSC Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan Proof of DSC Coins Sales totaling $2,538,000
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Mandatory Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN showing managment's state of mind "scienter" in further concealing this fraud.
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Then Compare that to
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165128224
This explains why they disowned knowledge of this DSC COIN, look at the representation they made.
THIS IS OVER THE TOP
The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin.
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Suspension of DSCR is Coming - read before too late
SUSPENSION OF DSCR COMING, HERE IS WHY
1. 11 weeks since delisting, and not 1 new disclosure document filed by company. To remedy the obvious questions that are preventing it from going Pink, DSCR owes DISCLOSURE DOCUMENTS, that is has been negligent in providing.
2. The most glaring problem wih the previous financials is the $2,500,000 in revenue omitted from the mandatory 6/30/2021 FILED OTC Markets mandatory reports.
3. Both previous lawyers associated with DSCR resigned after delisting to expert markek in September.
Meaning new counsel has no idea what DSCR has done. Will take months and $$$ to get new SEC counsel up to speed.
4. 9/30/2021 is DSCR fiscal year, meaning next report due, is not till January 2022, with extension available via a NT filing until 2/15/2022. This annual report will require legal opinion and detailed disclosures.
5. DSCR is classified as a SHELL RISK, this alone with the new PINK rule change poses a whole new and additional set of propblems that the board is completely ignoring.
6. DSCR is selectively communicating with members on this board (who cut, paste, and post). This practice is in violation of Regulation FD and can be construed in a worse context as insider trading.
Either way a public company DOES not communicate NON PUBLIC INFORMATION to select shareholders like "FREZ". The proper form of communication is an issued press release from the issuer.
7. DSCR is not getting on the PINKS until 1-6 above are addressed in public press releases and filed financial disclosures, with legal opinion in support.
11 weeks and no action = a SEC Suspension under Section 12(K) is more likely than DSCR being current.
When you are ready to see justice
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN Shows management intent on concealing this fraud...
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
SUSPENSION OF DSCR COMING, HERE IS WHY
1. 11 weeks since delisting, and not 1 new disclosure document filed by company. To remedy the obvious questions that are preventing it from going Pink, DSCR owes DISCLOSURE DOCUMENTS, that is has been negligent in providing.
2. The most glaring problem wih the previous financials is the $2,500,000 in revenue omitted from the mandatory 6/30/2021 FILED OTC Markets mandatory reports.
3. Both previous lawyers associated with DSCR resigned after delisting to expert markek in September.
Meaning new counsel has no idea what DSCR has done. Will take months and $$$ to get new SEC counsel up to speed.
4. 9/30/2021 is DSCR fiscal year, meaning next report due, is not till January 2022, with extension available via a NT filing until 2/15/2022. This annual report will require legal opinion and detailed disclosures.
5. DSCR is classified as a SHELL RISK, this alone with the new PINK rule change poses a whole new and additional set of propblems that the board is completely ignoring.
6. DSCR is selectively communicating with members on this board (who cut, paste, and post). This practice is in violation of Regulation FD and can be construed in a worse context as insider trading.
Either way a public company DOES not communicate NON PUBLIC INFORMATION to select shareholders like "FREZ". The proper form of communication is an issued press release from the issuer.
7. DSCR is not getting on the PINKS until 1-6 above are addressed in public press releases and filed financial disclosures, with legal opinion in support.
11 weeks and no action = a SEC Suspension under Section 12(K) is more likely than DSCR being current.
When you are ready to see justice
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
WHY 11 WEEKS & NO WORD FROM COMPANY
LINKS TO PROVE SECURITIES FRAUD & EMBEZZLEMENT
When you are ready to see justice
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
FRAUD IN PRESS RELEASE -
The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver" the coin.
That above fraudelent statement above was used as an inducement to sell $2,500,000+ worth of DSC COIN
Etherscan PROOF OF DSC COIN SALE
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 [color=red]SMOKING GUN[/red]
"...Note 8 – Subsequent Events
[color=red]Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements[/red]..."
Then Compare that to POST 100872
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165128224
This explains why they disowned knowledge of this DSC COIN, look at the representation they made.
The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin.
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
This company is commiting fraud and needs to be shutdown, before innocent shareholders lose more money.
LINKS TO PROVE SECURITIES FRAUD & EMBEZZLEMENT
When you are ready to see justice
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Then Compare that to
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165128224
This explains why they disowned knowledge of this DSC COIN, look at the representation they made.
The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin.
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
6 Billion X Fraud = 0
WHY this is going to $0.00000
Besides the 6,000,000,000 Issued and Outstanding shares, complimenting $0.00 Revenue
DSCR is also negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR.
This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why because to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin sales,they are commiting securities fraud.
The company induced people to buy the DSC Coin under false pretense that it was backed, by Gold, Silver, Ethereum and Bitcoin. It was not!!
READ THIS IMPORTANT
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Where is the $100,000,000+- in assets backing this statement....this is how they induced people to invest $2,500,000 and why they took the website down, and did not report it.
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1 SMOKING GUN
https://discoverymineralscoin.com/ TAKEN DOWN
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
It is that simple, SEC Complaint has been filed. Don't be suprised when this get suspended and your investment becomes worthless.
SEC Complaint & Due Diligence For Filing
When you are ready to see justice
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
When you want to learn more about the Coin Sale
Press Release
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
OTC Report they concealed this from
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
WHY this is going to $0.00000
Besides the 6,000,000,000 Issued and Outstanding shares, complimenting $0.00 Revenue
DSCR is also negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR.
This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why because to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin sales,they are commiting securities fraud.
The company induced people to buy the DSC Coin under false pretense that it was backed, by Gold, Silver, Ethereum and Bitcoin. It was not!!
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1 SMOKING GUN
https://discoverymineralscoin.com/ TAKEN DOWN
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
It is that simple, SEC Complaint has been filed. Don't be suprised when this get suspended and your investment becomes worthless.
Fraudlent Lottery Ticket
Proof of Management's Intention to Conceal Fraud
This is what is known in legal circles as "scienter" and is the state of mind compotent that is needed to win a securities fraud claim against a public company.
Lets find the scienter of managment in the latest financail statements.
DSCR Mandatory Financial Report
On Page 22 of this report you will find this statement
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements...."
Above is your smoking gun proof on management intent to conceal this fraud. This is also the achilles heal for the company to be sued into obilivion for defrauding every single minority shareholder.
On the SEC Suspension, the SEC has suspended companies for doing a fraction of the conduct here. It is not a question of IF the SEC will suspend, it is only a question of WHEN.
When you realize that DSCR has committed securities fraud, please file a complaint with the SEC here
Further Research to due
Fact 1. Embezzlement and Concealment with Scienter
Non Disclosure of Discovery Mineral Coin - Due Diligence
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where did Discovery Minerals Ltd, disclose the sale and or income from the Discovery Minerals Coin in this filed report. This is a crime, known as embezzlement.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Do you due diligence, copy and paste links find the holes that I have, and ask yourself, do I want to be holding shares in a company that omits the reporting of Coin sales and goes as far as shutting down there website at https://disocverymineralscoin.com.
The SEC in my experience has suspended companies under SEC Section 12(k) for a lot less. I don't want to see innocent shareholders waking up one morning seeing their investment in this company being suspended.
Please - experienced shareholders chime in, not the paid promoters with snide 1 liners. I am talking about investors who see the due diligence presented, and realize the company has a lot of open questions here.
There past reputation is horrible in addressing these questions, and filing necessary paperwork. I truly feel the SEC is going to suspend this company.
11 Weeks and Crickets From Company
Company is committing securities fraud SEC suspension coming. SEC enforcement division issued the first SEC Suspension since September 21, 2021.
11/23/2021 SEC Suspension Order
Expect a bunch of these in the next 10 days, like 30 to 50. The SEC does this every last week in November, first week in December.
Why this is getting suspended
DSCR will never file another report?
Everyday that the company HIDES these found mistakes, the lower the price will go, and the chances of it being suspended by the SEC go up.
RESTATEMENT of financials and disclousure with legal opinion is the only way DSCR avoids being suspended. Here is WHY
1. DSCR is 9/30 Fiscal reporting meaning their Annual Report for 9/30/2021 is due January 15 with an extension of February 15,2022.
2. Both previouly retained law firms, resigned the same day on September 28th.
Meaning new legal counsel has to get a comfort level of what the other 2 lawyers did. In my experience, this is the impossible hill to climb, and why you will never see another report from DSCR ever again.
3. How do you explain the $2,500,000 not being reported. Until they do, it looks like and feels a lot like embezzlement. For certian the concealing of this fact in the "Subsequent Events" section of the mandatory report, shows proof of managment's scienter for surviving a 12 (b)6 Motion to dismiss for Securities Fraud under the Private Securities Litigaiton Reform Act.
Everyone on the board has seen there investment in DSCR drop 90% since September 27, 2021.
Company negligence, is the answer, this self inflicted gun shot wound could of been prevented if they reported ANY revenue. So until DSCR addresses these in a public disclosure statement, everything else is NOISE, for the SEC Suspends companies for exaclty this type of conduct.
11 WEEKS NO MENTION FROM COMPANY ------ ALL YOU NEED TO KNOW
When you had enough file a complaint with the SEC
https://www.sec.gov/oiea/Complaint.html
Need about 150 complaints to get an enforcement proceeding started.The people behind this scam all belong in prison. You have all been lied to and stolen from. Hard pill to swallow but the truth.
Company committing securities fraud with proof
What the company needs to address formally that it concealed from shareholders. ASAP before the company gets suspended
The SEC suspends companies for this conduct - read the most recent SEC Suspensions here - https://www.sec.gov/litigation/suspensions.htm
In almost every SEC suspension it cites Rule 12(K) violation which states:
"...The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company..." .
WHY THIS IS GETTING SUSPENDED, IF NOT IMMEDIATELY & FORMALLY ADDRESSED
On the DSCR Investorshub message board, members have NON PUBLIC INFORMATION, that the general minority investing public shareholders DO NOT. This has to do with the fact that DSCR, in mandatory required financail discosures/reports has purposely omitted and inadequately reported the following:
1. DSCR Sold $2,500,000 worth of Discovery Mineral Coin on Ethereum, deletes the website, than omits the revenue for same period on its OTC Market mandatory financial statement for period ending 6/30/2021.
1-a. Press Release on DSC Coin being offered by DSCR
https://apnews.com/press-release/accesswire/business-technology-84c262d91d84bbd3a63e018a08a5e461
2. OTCmarkets Mandatory Financial Report dated 8/16/2021 for period ending June 30,2021
2-a. https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
3. Etherscan.io showing the transfer of $2,500,000 to 129 buyers of DSC Coin
3-a https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
4. Archive of DSCR deleted website showing how the fraud worked and why the website was taking down, to further conceal the evidence of the above documented crime.
4-a. Deleted web site of Coin Offering https://discoverymineralscoin.com/
4-b. Archived website https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
What was Discovered
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can it be found, where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this mandatory filed report on August 16,2021 for DSCR period ending 6/30/2021.
In summation, DSCR has been deliquent and negligent in omitting this $2,500,000 of revenue from the balance sheet of the filed DSCR report with OTC Markets.
Inadequate financial information has been communicated and under Section 12(k) and the SEC must suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are all at risk here and until a new 15(c) 211 is filed, more investors stand the risk of losing their hard earned money.
Last, given that the shills can only attack the messenger, and the company/issuer refuses to address any of this in a public disclosure document, should serve as an additional red flag to get out while you can.
When this gets suspended this stock will be worht 0, never to return. Can you affornd this from happening?
DSCR management owes us restated 6/30/2021 financial statements, clarifying what we have discovered which the general investing public does not.
Until that happens, DSCR risk of suspension is almost certain. So then ask yourself the last question, why are admins on this board attacking me, and not directing board and anger at company's total negligence and disregard to the minortiy shareholders.
Negligence
What the company needs to address formally that it concealed from shareholders. ASAP before the company gets suspended
The SEC suspends companies for this conduct - read the most recent SEC Suspensions here - https://www.sec.gov/litigation/suspensions.htm
In almost every SEC suspension it cites Rule 12(K) violation which states:
"...The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company..." .
WHY THIS IS GETTING SUSPENDED, IF NOT IMMEDIATELY & FORMALLY ADDRESSED
On the DSCR Investorshub message board, members have NON PUBLIC INFORMATION, that the general minority investing public shareholders DO NOT. This has to do with the fact that DSCR, in mandatory required financail discosures/reports has purposely omitted and inadequately reported the following:
1. DSCR Sold $2,500,000 worth of Discovery Mineral Coin on Ethereum, deletes the website, than omits the revenue for same period on its OTC Market mandatory financial statement for period ending 6/30/2021.
1-a. Press Release on DSC Coin being offered by DSCR
https://apnews.com/press-release/accesswire/business-technology-84c262d91d84bbd3a63e018a08a5e461
2. OTCmarkets Mandatory Financial Report dated 8/16/2021 for period ending June 30,2021
2-a. https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
3. Etherscan.io showing the transfer of $2,500,000 to 129 buyers of DSC Coin
3-a https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
4. Archive of DSCR deleted website showing how the fraud worked and why the website was taking down, to further conceal the evidence of the above documented crime.
4-a. Deleted web site of Coin Offering https://discoverymineralscoin.com/
4-b. Archived website https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
What was Discovered
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can it be found, where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this mandatory filed report on August 16,2021 for DSCR period ending 6/30/2021.
In summation, DSCR has been deliquent and negligent in omitting this $2,500,000 of revenue from the balance sheet of the filed DSCR report with OTC Markets.
Inadequate financial information has been communicated and under Section 12(k) and the SEC must suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are all at risk here and until a new 15(c) 211 is filed, more investors stand the risk of losing their hard earned money.
Last, given that the shills can only attack the messenger, and the company/issuer refuses to address any of this in a public disclosure document, should serve as an additional red flag to get out while you can.
When this gets suspended this stock will be worht 0, never to return. Can you affornd this from happening?
DSCR management owes us restated 6/30/2021 financial statements, clarifying what we have discovered which the general investing public does not.
Until that happens, DSCR risk of suspension is almost certain. So then ask yourself the last question, why are admins on this board attacking me, and not directing board and anger at company's total negligence and disregard to the minortiy shareholders.
Why DSCR is Getting Suspended!
This stock is about to have its trading suspended by the SEC, when that happens all shares you have will be WORTHLESS and no market ever to sell them.
Here is a good point to start doing research
READ before the SEC Suspends DSCR for inadequate financial information
DSCR is negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR. This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC SEC Enforcement Website. It only took me 2 minutes to fill out. I am hopeful the entertainment value will pay off, of one day seeing DSCR having to answer for its actions.
Look at all the bashers of what I have to say. My criticism is DOCUMENTED with PROOF. On the other hand, the paid shills on this board, have nothing to say, except criticisim of poster. If 1/10 of that energy was directed at the management of DSCR instead of me, we might have an official release from the company, rather than backchannel non public information, that others on this board are spewing.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why becuase to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin. Including the fraudlent misrepresentation of this statement.
WTF is this LIE
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
https://discoverymineralscoin.com/
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Last when you had enough of the lies and manipulation, file a complaint with the SEC.File a quick and painless SEC complaint here
FILE SEC COMPLAINT HERE
It takes 2 minutes to fill out and could lead to the entertainment value of one day seeing DSCR having to answer for its actions.
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
This company deserves to be suspended and a full SEC/FBI investigation into this conduct needs to happen.
It is that simple....you are all being taken for a ride, time to wake up before all your money in this is lost forever.
WHY DSCR will get suspended never PINK again
1. 11 weeks since delisting, and not 1 new disclosure document filed by company. To remedy the obvious questions that are preventing it from going Pink, DSCR owes DISCLOSURE DOCUMENTS, that is has been negligent in providing.
2. The most glaring problem wih the previous financials is the $2,500,000 in revenue omitted from the mandatory 6/30/2021 FILED OTC Markets mandatory reports.
3. Both previous lawyers associated with DSCR resigned after delisting to expert markek in September.
Meaning new counsel has no idea what DSCR has done. Will take months and $$$ to get new SEC counsel up to speed.
4. 9/30/2021 is DSCR fiscal year, meaning next report due, is not till January 2022, with extension available via a NT filing until 2/15/2022. This annual report will require legal opinion and detailed disclosures.
5. DSCR is classified as a SHELL RISK, this alone with the new PINK rule change poses a whole new and additional set of propblems that the board is completely ignoring.
6. DSCR is selectively communicating with members on this board (who cut, paste, and post). This practice is in violation of Regulation FD and can be construed in a worse context as insider trading.
Either way a public company DOES not communicate NON PUBLIC INFORMATION to select shareholders like "FREZ". The proper form of communication is an issued press release from the issuer.
7. DSCR is not getting on the PINKS until 1-6 above are addressed in public press releases and filed financial disclosures, with legal opinion in support.
11 weeks and no action = a SEC Suspension under Section 12(K) is more likely than DSCR being current.
COMPANY COMMITTING FRAUD READ SAVE MONEY
Read before you lose your money, suspension coming. SEC is going to suspend for inadequate financial information.
Here is a good point to start doing research
READ before the SEC Suspends DSCR for inadequate financial information
DSCR is negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR. This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
Recent SEC Suspension Orders
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC SEC Enforcement Website. It only took me 2 minutes to fill out. I am hopeful the entertainment value will pay off, of one day seeing DSCR having to answer for its actions.
Look at all the bashers of what I have to say. My criticism is DOCUMENTED with PROOF. On the other hand, the paid shills on this board, have nothing to say, except criticisim of poster. If 1/10 of that energy was directed at the management of DSCR instead of me, we might have an official release from the company, rather than backchannel non public information, that others on this board are spewing.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why becuase to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin. Including the fraudlent misrepresentation of this statement.
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
https://discoverymineralscoin.com/
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Last when you had enough of the lies and manipulation, file a complaint with the SEC.
File a quick and painless SEC complaint here
It takes 2 minutes to fill out and could lead to the entertainment value of one day seeing DSCR having to answer for its actions.
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
It is that simple....you are all being taken for a ride.
11 Weeks DSCR has filed ZERO
Filings are never coming, beause to do so is going to open them up to admitting criminality.
So stop misleading people here, your bias towards this SCAM is disgusting including.
1. 6,000,000,000 issued and outstanding shares (FLOAT)
2. ZERO Revenue
3. Deleiberate Concealment of DSC COin transaction
4. Eleven Weeks no answers from DSCR on DSC Coin sale or the investigation being conducted off it.
This is a perfect candiate for an SEC Suspension, not a question of IF a question of WHEN.
The SEC has suspended better for less.
Last funny how the moderaotrs troll my past messages, searching for clues as to my motive. Creepy ro say the least, but confirms one thing.
We are making a documentary on securities fraud and DSCR is one of the companies we have and continue to analyse.
IN advance thank you for being such a perfect example. I have no malice towards company, just reporting what is discovered, baffled that the company hides from this, and employs bashers to attack me.
If your doing due dillignece, no legitimate company operates the way these people do.
Legitimate companies commuicate through formal channels of communicaiton, including disclosure reports and press releases.
DSCR, communicates through a backchannel of paid stock promoters who use this board to create excitement and FOMO. All in violation of Regulation FD, and insider trading statutes.
The more layers we peel back the more pungent this company becomes.
Last, I welcome a lawsuit or an SEC complaint. If the company thinks they have an action, take it. The lawsuit will be answered and a counter suit for the fraud discovered will filed.
On the SEC, if you think I did anything illegal you have a legal obligation to report this. Here is the link
https://www.sec.gov/oiea/Complaint.html
You are deliberately misleading this board, you know it, I know it.
Proof of Management's Intention to Conceal Fraud
This is what is known in legal circles as "scienter" and is the state of mind compotent that is needed to win a securities fraud claim against a public company.
Lets find the scienter of managment in the latest financail statements.
DSCR Mandatory Financial Report
On Page 22 of this report you will find this statement
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements...."
Above is your smoking gun proof on management intent to conceal this fraud. This is also the achilles heal for the company to be sued into obilivion for defrauding every single minority shareholder.
On the SEC Suspension, the SEC has suspended companies for doing a fraction of the conduct here. It is not a question of IF the SEC will suspend, it is only a question of WHEN.
When you realize that DSCR has committed securities fraud, please file a complaint with the SEC here
file SEC complaint here
Takes literally 2 minutes, is absolutely painsless, and will give you the satisification of knowing these people will see justice one day.
Further Research to due
Fact 1. Embezzlement and Concealment with Scienter
Non Disclosure of Discovery Mineral Coin - Due Diligence
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Do you due diligence, copy and paste links find the holes that I have, and ask yourself, do I want to be holding shares in a company that omits the reporting of Coin sales and goes as far as shutting down there website at https://disocverymineralscoin.com.
The SEC in my experience has suspended companies under SEC Section 12(k) for a lot less. I don't want to see innocent shareholders waking up one morning seeing their investment in this company being suspended.
Please - experienced shareholders chime in, not the paid promoters with snide 1 liners. I am talking about investors who see the due diligence presented, and realize the company has a lot of open questions here.
There past reputation is horrible in addressing these questions, and filing necessary paperwork. I truly feel the SEC is going to suspend this company.
DSCR will never file another financial report again
To do so would admit the criminalty discovered. Until DSCR files a current report explaining the $2,500,000 in unreported coin sales this is a scam that deserves to be suspended by the SEC.
Anyone not hyptonized by your FOMO bs can see right through this.
SEC suspension for inadequate financial information.
Here is a good point to start doing research
READ before the SEC Suspends DSCR for inadequate financial information
DSCR is negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR. This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
Recent SEC Suspension Orders
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC SEC Enforcement Website. It only took me 2 minutes to fill out. I am hopeful the entertainment value will pay off, of one day seeing DSCR having to answer for its actions.
Look at all the bashers of what I have to say. My criticism is DOCUMENTED with PROOF. On the other hand, the paid shills on this board, have nothing to say, except criticisim of poster. If 1/10 of that energy was directed at the management of DSCR instead of me, we might have an official release from the company, rather than backchannel non public information, that others on this board are spewing.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why becuase to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin. Including the fraudlent misrepresentation of this statement.
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
https://discoverymineralscoin.com/
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Last when you had enough of the lies and manipulation, file a complaint with the SEC.
File a quick and painless SEC complaint here
It takes 2 minutes to fill out and could lead to the entertainment value of one day seeing DSCR having to answer for its actions.
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
It is that simple....you are all being taken for a ride
Because the money your making is taking from someone who does not understand the level of fraud that is going on here.
Proof of Management's Intention to Conceal Fraud
This is what is known in legal circles as "scienter" and is the state of mind compotent that is needed to win a securities fraud claim against a public company.
Lets find the scienter of managment in the latest financail statements.
DSCR Mandatory Financial Report
On Page 22 of this report you will find this statement
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued.
The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements...."
Above is your smoking gun proof on management intent to conceal this fraud. This is also the achilles heal for the company to be sued into obilivion for defrauding every single minority shareholder.
On the SEC Suspension, the SEC has suspended companies for doing a fraction of the conduct here. It is not a question of IF the SEC will suspend, it is only a question of WHEN.
When you realize that DSCR has committed securities fraud, please file a complaint with the SEC here
file SEC complaint here
Takes literally 2 minutes, is absolutely painsless, and will give you the satisification of knowing these people will see justice one day.
Further Research to due
Fact 1. Embezzlement and Concealment with Scienter
Non Disclosure of Discovery Mineral Coin - Due Diligence
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Do you due diligence, copy and paste links find the holes that I have, and ask yourself, do I want to be holding shares in a company that omits the reporting of Coin sales and goes as far as shutting down there website at https://disocverymineralscoin.com.
The SEC in my experience has suspended companies under SEC Section 12(k) for a lot less. I don't want to see innocent shareholders waking up one morning seeing their investment in this company being suspended.
Please - experienced shareholders chime in, not the paid promoters with snide 1 liners. I am talking about investors who see the due diligence presented, and realize the company has a lot of open questions here.
There past reputation is horrible in addressing these questions, and filing necessary paperwork. I truly feel the SEC is going to suspend this company.
Report the criminal conduct witnessed by DSCR
https://www.sec.gov/oiea/Complaint.html
SEC Complaint
DSCR needs an enforcement investigation, by reporting their conduct you can help insure that this conduct does not go unchecked. The conduct and concealment of behavior of this company is unlike any I have seen in the 30 years that I have been in securities litigation.
https://www.sec.gov/oiea/Complaint.html
1. 6,000,000,000 Outstanding Shares
2. $ 0.00 in REVENUE
3. $2,500,000 in unaccounted sales
4. Selective shareholder communication from promoters
5. 10 weeks no formal answer from company
6. Legal counsel resignation
7. Message board promoters threatening me with litigiaton, and doing so as representative of DSCR (Let that one sink in, it is as horrible as it reads).
Selective communication with shareholders is ILLEGAL
Another reason, like # 9 on why the SEC will suspend DSCR, selective shareholder communication.
Shareholded have to sign up for emails from company. This disconnect from the public gives DSCR an exclusive channel of communicaton.
In 2003 COnfress saw this as abig problem and passed laws to curtail this practice. Known a sRegulation FD, what is communicated to 1 shareholder has to communicated to all.
This is a hottible shortcut and shows that the company in threding the needle on what it can get away with to sell it worthless perfromance, through fluffy language and BS.
This company flat out stole $2,500,000 from the shareholders of DSCR.
The coin was never backed by assets, never approved by the company to be the benefactor of 50% of it mined results.
Management and the scumbag promoters on this POS deserve all to be in prison for securities fraud, being committed here.
I have been in this space 30 Years, I have seen hundreds of these companies get flushed / suspended and managmeent banished either by permanent injunction or if lucky, a prison sentence.
6,000,000,000 in outstanding shares - impossible to short on 10,000,000 daily trading volume. 6,000 days to cover.
0 revenue ZERO, NADA, NOTHING. let that really sink in, no source of revenue. Then how do they pay the bills? They sell stock, key word is SELL. Selling stock is only way this scam floats.
That is why the false news, inflated releases and lies. ALl heavily promoted, meme'd, and FOMO'd, to create a false sense of urgency.
This stock unlike most is DOA, why a word called scienter.
Managment committed this when it purposely concealed all mention of the DSC coin sale on page 22 of the last current report. In "Subsequent Events" managment conscioulsy concealed the DSC coin transaction buy not EVEN MENTIONING it.
This translates into a loss defense against securities fraud. In 1995 CLinton passed the Private Secrities Litigation Reform Act (PSLRA). Makes it almost impossiblle tosue a public company.
Have to prove scienter, a state of mind of managment "knew" they were commiting fraud. To do this means you will win the 12(b) Motion to Dismiss under the PSLRA that the DSCR will file to dismiss the suit.
The subsequent event concealment is there achilles heal and will be why a lawsuit will survive adn be allowed discovery.
This is where I play, videotape depositions, Request for Admission, and Request for Production, will result in tears, and an evidence trail that will prove a conspiracy to commit securities fraud.
When the SEC get to this and about 40 others this month, you are going to see a blanket of SEC Suspensions. All under SEC Section 12(K), inadequate financial information, for the subjects we have been talking about for the last 9 weeks, why management decides to hide and selectively communicate to its stock promoters to carry its message.
Can you say scumbags
Smoking Gun on Fraud
After you sell $2,500,000 of an asset you refuse to report on, the next step in concealing this crime is taking down the web site.
Fact 3. Taken Down Website Archive
Taken DOwn Website selling DSC Coin" rel="nofollow" target="_blank" >DSC Coin Website ARCHIVE
About Discovery Mineral Coin
Discovery Minerals Ltd. (OTC PINK: DSCR) is an acquisition and development company that targets natural resource properties and cutting-edge technology opportunities through its subsidiaries.
The Board of Directors has determined that these activities be continued with an emphasis on early positive cash flow from any projects undertaken.
4. Archived website of www.discoverymineralscoin.com and
the smojing gun of the fraud they are trying desperately to conceal.
https://discoverymineralscoin.com/" rel="nofollow" target="_blank" >https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
The SEC has suspended companies for doing a fraction of this conduct.
When you realize that you have been lied to and your money stolen, it is time to file a SEC complaint.
SEC Complaint
Easy to do, we need about 150 complaints to get the attention of Enforcement. Once this gets suspended there will be a ton of really upset people. So when that happens here is where you can vent on your lost investment in this scam.
SEC Complaint
Proof of DSCR Securities Fraud
Here is a good point to start doing research
READ before the SEC Suspends DSCR for inadequate financial information
DSCR is negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR. This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
Recent SEC Suspension Orders
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC SEC Enforcement Website. It only took me 2 minutes to fill out. I am hopeful the entertainment value will pay off, of one day seeing DSCR having to answer for its actions.
Look at all the bashers of what I have to say. My criticism is DOCUMENTED with PROOF. On the other hand, the paid shills on this board, have nothing to say, except criticisim of poster. If 1/10 of that energy was directed at the management of DSCR instead of me, we might have an official release from the company, rather than backchannel non public information, that others on this board are spewing.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why becuase to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin. Including the fraudlent misrepresentation of this statement.
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
https://discoverymineralscoin.com/
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Last when you had enough of the lies and manipulation, file a complaint with the SEC.
File a quick and painless SEC complaint here
https://www.sec.gov/oiea/Complaint.html
It takes 2 minutes to fill out and could lead to the entertainment value of one day seeing DSCR having to answer for its actions.
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
It is that simple....you are all being taken for a ride.
Then point it out point by point
Snarky 1 line answers, is all you have. Combined with threats of a lawsuit. Furhter proof that this company is a scam. Please sue, I promise a counter suit for securities fraud. Truth is a wicked and fundamental weapon in exposing fraud.
I am also one of the few people who has ever defeated a 12(b) motion to dismiss, under the PSLRA. Like I said before we are creating a documentary. Facts are facts and alothough it is easier to attack a truth to defend a lie. The truth remains that the company has some unanswered question which are conflicting to say the least.
Facts that have not been rebutted and remained unanswered by the company. Every day the company decides not to make a public disclosure of what was disovered, the greater the chances teh SEC will suspend this company. Concerns not addressed by company include:
1. Non disclosure of 2,500,000 in DSC Coin Sales;
2. Management's use of selective shareholder communication in violation of Regulation FD;
3. Management's conscious effort to conceal Coin sale;
4. Taking down Website;
5. Not Disclosing financial results of coin sales;
6. Going as far as concealing mention of DSC Coin in Subsequent Events disclosure section of their last filed report.
1-6 = flat out securities fraud, along with money laundering and embezzlement.
It is why DSCR has not responded to this (10 weeks) nor will they EVER file another report again.
To do so would expose the criminality discovered and discussed.
Thanks for play, you the next contestant in the "Stock is Rife"
Company is committing securities fraud SEC suspension coming
SEC enforcement division issued the first SEC Suspension since September 21, 2021 yesterday 11/23/2021
11/23/2021 SEC Suspension Order
Expect a bunch of these in the next 10 days, like 30 to 50. The SEC does this every last week in November, first week in December.
Why this is getting suspended
DSCR will never file another report?
Everyday that the company HIDES these found mistakes, the lower the price will go, and the chances of it being suspended by the SEC go up.
RESTATEMENT of financials and disclousure with legal opinion is the only way DSCR avoids being suspended. Here is WHY
1. DSCR is 9/30 Fiscal reporting meaning their Annual Report for 9/30/2021 is due January 15 with an extension of February 15,2022.
2. Both previouly retained law firms, resigned the same day on September 28th.
Meaning new legal counsel has to get a comfort level of what the other 2 lawyers did. In my experience, this is the impossible hill to climb, and why you will never see another report from DSCR ever again.
3. How do you explain the $2,500,000 not being reported. Until they do, it looks like and feels a lot like embezzlement. For certian the concealing of this fact in the "Subsequent Events" section of the mandatory report, shows proof of managment's scienter for surviving a 12 (b)6 Motion to dismiss for Securities Fraud under the Private Securities Litigaiton Reform Act.
Everyone on the board has seen there investment in DSCR drop 90% since September 27, 2021.
Company negligence, is the answer, this self inflicted gun shot wound could of been prevented if they reported ANY revenue. So until DSCR addresses these in a public disclosure statement, everything else is NOISE, for the SEC Suspends companies for exaclty this type of conduct.
10 WEEKS NO MENTION FROM COMPANY ------ ALL YOU NEED TO KNOW
When you had enough file a complaint with the SEC
https://www.sec.gov/oiea/Complaint.html
Need about 150 complaints to get an enforcement proceeding started.
DSCR Bid .0012 at 10,000
$12 of support nice try, your the next contestant on the "Stock is Rife"
Why I would not hold this stock overnight for any reason
SEC enforcement division issued the first SEC Suspension since September 21, 2021 yesterday 11/23/2021
11/23/2021 SEC Suspension Order
Expect a bunch of these in the next 10 days, like 30 to 50. The SEC does this every last week in November, first week in December.
Why this is getting suspended
DSCR will never file another report?
Everyday that the company HIDES these found mistakes, the lower the price will go, and the chances of it being suspended by the SEC go up.
RESTATEMENT of financials and disclousure with legal opinion is the only way DSCR avoids being suspended. Here is WHY
1. DSCR is 9/30 Fiscal reporting meaning their Annual Report for 9/30/2021 is due January 15 with an extension of February 15,2022.
2. Both previouly retained law firms, resigned the same day on September 28th.
Meaning new legal counsel has to get a comfort level of what the other 2 lawyers did. In my experience, this is the impossible hill to climb, and why you will never see another report from DSCR ever again.
3. How do you explain the $2,500,000 not being reported. Until they do, it looks like and feels a lot like embezzlement. For certian the concealing of this fact in the "Subsequent Events" section of the mandatory report, shows proof of managment's scienter for surviving a 12 (b)6 Motion to dismiss for Securities Fraud under the Private Securities Litigaiton Reform Act.
Everyone on the board has seen there investment in DSCR drop 90% since September 27, 2021.
Company negligence, is the answer, this self inflicted gun shot wound could of been prevented if they reported ANY revenue. So until DSCR addresses these in a public disclosure statement, everything else is NOISE, for the SEC Suspends companies for exaclty this type of conduct.
10 WEEKS NO MENTION FROM COMPANY ------ ALL YOU NEED TO KNOW
When you had enough file a complaint with the SEC
https://www.sec.gov/oiea/Complaint.html
Need about 150 complaints to get an enforcement proceeding started.
$0.0004 for 411,000 shares at 9:30 AM Today
That is the value of this company at market open. All of you are in for a rude awakening, when this gets suspended.
0 all gone, every dime invested, never to be seen again.
You think the pumpers on this board have any shares, other than the ones issued "for services". Only way anyone can be bullish on this stock is if they have a massive bag to unload.
Nothing but lies and concealment from management, 0 revenue, and looming unanswered question on the mising $2,500,000 from the DSC Coin offering.
That is what you are investing in. All of you need to understand this, because when the SEC suspends this, you will have no one to blame except the company and your lack of research.
SEC Suspension Orders
SEC enforcement division issued the first SEC Suspension since September 21, 2021 yesterday 11/23/2021
11/23/2021 SEC Suspension Order
Expect a bunch of these in the next 10 days, like 30 to 50. The SEC does this every last week in November, first week in December.
Why this is getting suspended
DSCR will never file another report?
Everyday that the company HIDES these found mistakes, the lower the price will go, and the chances of it being suspended by the SEC go up.
RESTATEMENT of financials and disclousure with legal opinion is the only way DSCR avoids being suspended. Here is WHY
1. DSCR is 9/30 Fiscal reporting meaning their Annual Report for 9/30/2021 is due January 15 with an extension of February 15,2022.
2. Both previouly retained law firms, resigned the same day on September 28th.
Meaning new legal counsel has to get a comfort level of what the other 2 lawyers did. In my experience, this is the impossible hill to climb, and why you will never see another report from DSCR ever again.
3. How do you explain the $2,500,000 not being reported. Until they do, it looks like and feels a lot like embezzlement. For certian the concealing of this fact in the "Subsequent Events" section of the mandatory report, shows proof of managment's scienter for surviving a 12 (b)6 Motion to dismiss for Securities Fraud under the Private Securities Litigaiton Reform Act.
Everyone on the board has seen there investment in DSCR drop 90% since September 27, 2021.
Company negligence, is the answer, this self inflicted gun shot wound could of been prevented if they reported ANY revenue. So until DSCR addresses these in a public disclosure statement, everything else is NOISE, for the SEC Suspends companies for exaclty this type of conduct.
10 WEEKS NO MENTION FROM COMPANY ------ ALL YOU NEED TO KNOW
When you had enough file a complaint with the SEC
https://www.sec.gov/oiea/Complaint.html
Need about 150 complaints to get an enforcement proceeding started.
Fact 3. Taken Down Website Archive
https://discoverymineralscoin.com/about-us/" rel="nofollow" target="_blank" >DSC Coin Website ARCHIVE
About Discovery Mineral Coin
Discovery Minerals Ltd. (OTC PINK: DSCR) is an acquisition and development company that targets natural resource properties and cutting-edge technology opportunities through its subsidiaries.
The Board of Directors has determined that these activities be continued with an emphasis on early positive cash flow from any projects undertaken.
Fact 2. Discovery Mineral Coin
h[url]ttps://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
[/url][tag]DSC Coin[/tag]
Token Discovery Mineral Coin
Max Total Supply: 210,000,000 DSC
Holders: 129
Transfers: 190
Contract: 0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
Fact 1. Embezzlement and Concealment with Scienter
Non Disclosure of Discovery Mineral Coin - Due Diligence
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Do you due diligence, copy and paste links find the holes that I have, and ask yourself, do I want to be holding shares in a company that omits the reporting of Coin sales and goes as far as shutting down there website at https://disocverymineralscoin.com.
The SEC in my experience has suspended companies under SEC Section 12(k) for a lot less. I don't want to see innocent shareholders waking up one morning seeing their investment in this company being suspended.
Please - experienced shareholders chime in, not the paid promoters with snide 1 liners. I am talking about investors who see the due diligence presented, and realize the company has a lot of open questions here.
There past reputation is horrible in addressing these questions, and filing necessary paperwork. I truly feel the SEC is going to suspend this company.
Why DSCR will never file another report?
Everyday that the company HIDES these found mistakes, the lower the price will go, and the chances of it being suspended by the SEC go up.
RESTATEMENT of financials and disclousure with legal opinion is the only way. WHY
1. DSCR is 9/30 Fiscal reporting meaning their Annual Report for 9/30/2021 is due January 15 with an extension of February 15,2022.
2. Both previouly retained law firms, resigned the same day on September 28th.
Meaning new legal counsel has to get a comfort level of what the other 2 lawyers did. In my experience, this is the impossible hill to climb, and why you will never see another report from DSCR ever again.
3. How do you explain the $2,500,000 not being reported. Until they do, it looks like and feels a lot like embezzlement. For certian the concealing of this fact in the "Subsequent Events" section of the mandatory report, shows proof of managment's scienter for surviving a 12 (b)6 Motion to dismiss for Securities Fraud under the Private Securities Litigaiton Reform Act.
Everyone on the board has seen there investment in DSCR drop 90% since September 27, 2021.
Company negligence, is the answer, this self inflicted gun shotwould could of been prevented if they reported ANY revenue.
So until DSCR addresses these in a public disclosure statement, everything else is NOISE.
SEC Suspension Level Fraud Discovered 9 weeks same story, down 90% since September
It has taken 9 weeks, to do this. How do you think they are going to survive a securities fraud lawsuit.
Scienter was proven on page 22 of the last report. This rare screw up, makes this company target practice to any law firm who wants a lay up win to put in their trophy case.
If this company was in the funeral home business, people would stop dying.
Management formula = easier to print stock certs and press releases, then execute on business model.
Take that statement above and overlay it on the fact of 6,000,000,000 shares outstanding, ZERO REVENUE, and materially concealment to the facts that have been discoverd and discussed on this board.
DSCR has and continues to comit fraud, concealing the sales of the DSC Coin sale, from the minority shareholders of this company.
9 weeks not one press release explaining the coin sale, not one amended disclosure. Not one report on why both law firms for DSCR left in September or release on new counsel.
This firm's next report, will be the opening exhibit in upcoming litigation. Any lawyer worth their salt would advise management at personal level the criminal liability of these reports.
It is on that, DSCR will never file another report again. If you were them, and you got caught with what we discovered, what would you do....EXACTLY.... 9 weeks to fix and nothing from the company. NOT A SINGLE WORD
Every day management refuses to address this publicly, the SEC will see this as putting investors at undue risk. This is the common threshold of a SEC Suspension Order. When you read a few of these the conduct they punish is the exact conduct DSCR has and continues to perform.
On Defamation, SEC reporting of conduct please feel free to do what you want. It does not hide the fact that DSCR is and continues to commit securities fraud.
This is about protecting innocent people, and your threats, although overt, are laughable, if not for the message it conveyed.
READ before the SEC Suspends DSCR for inadequate financial information
DSCR is negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR. This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.
Recent SEC Suspension Orders
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC SEC Enforcement Website. It only took me 2 minutes to fill out. I am hopeful the entertainment value will pay off, of one day seeing DSCR having to answer for its actions.
Look at all the bashers of what I have to say. My criticism is DOCUMENTED with PROOF. On the other hand, the paid shills on this board, have nothing to say, except criticisim of poster. If 1/10 of that energy was directed at the management of DSCR instead of me, we might have an official release from the company, rather than backchannel non public information, that others on this board are spewing.
LETS TALK ABOUT MANAGEMENT's NEGLIGENCE
DSCR will never file another mandatory report again. Why becuase to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.
Until the company makes an official disclosure on the missing proceeds to the DSC coin. Including the fraudlent misrepresentation of this statement.
"... The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
Source: DSCR Yahoo Press Release Dated 5/11/2021
DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.
For further validation of this refer to Post # 100872
"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality
Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.
Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!
Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
https://discoverymineralscoin.com/
NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link
Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."
Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.
Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021
Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:
DSCR mandatory report for 6/30/2021, filed on 8/16/2021
1. Page 13 the reporting of 0 revenue from DSCR
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
Last when you had enough of the lies and manipulation, file a complaint with the SEC.
File a quick and painless SEC complaint here
It takes 2 minutes to fill out and could lead to the entertainment value of one day seeing DSCR having to answer for its actions.
They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.
It is that simple....you are all being taken for a ride.
Obviously you didn't get the latest email alert from DSCR
In the latest email from the company, they suggest you wait until 10:30 am before putting any buy or sell orders in.
"Suggestion, if you are buying DSCR, please wait until the morning trading subsides at 10:30 AM. This will allow a more orderly flow of sales to happen. This is a temporary suggestion, until more market makers are on the DSCR stock."
Now why isn't this in a press release for all investors to understand. See how this selective communication has effected you.
Instead of buying your shares at $0.0004 you could of waited as the email suggested and bought at $0.0014 instead.
This is why this company is getting suspended.