Django of Securities Fraud
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4 reasons why, DSCR is a horrible investment
1. $2,500,000 concealed from DSC Coin sale from the mandatory required financial statements filed;
2. 6,000,000,000 outstanding shares;
3. 0 Revenue in 10 years -----ZERO let that sink in----
4. About to get suspended by the SEC for concealing #1 above and then selectively communicating to shareholders "who singed up for emails" all in violation of Regulation Fair Discosure (Reg FD).
POST 100872 ROAD MAP TO THE FRAUD
"...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 100872 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 #100872 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. 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 making a conscious decision to further conceal this criminal act.
This is known in securites fraud litigation as scienter. What it shows is the state of mind concerning management of DSCR, in committing fraud in concealing revenue from mandatory financial statements.
It is that simple....you are all being taken for a ride. The shills on the boards are really undisclosed DSCR stock promoters. NOTHING MORE.....100872 admits of the coin sales and revenue, that managment of DSCR decided to conceal and embezzle.
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 100872 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.
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 making a conscious decision to further conceal this criminal act.
This is known in securites fraud litigation as scienter.
What it shows is the state of mind of management of DSCR, in committing fraud in concealing revenue from mandatory financial statements.
It is that simple....you are all being taken for a ride. The shills on the boards are really undisclosed DSCR stock promoters. NOTHING MORE.....
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
The True Cost of DSCR Concealment That Will Cost You Money
SEC SUSPENSION COMING FOR DSCR
It is one of the worse feelings in the world, a company you followed, believed, and invested has been suspended from trading. That sinking feeling of the money you lost. Not the just the profits, but the whole thing.
As you are in disbelief, you do a double, triple check to make sure it is true.
It is True
Then the despair of what was lost. The opportunity cost lost, all because you thought this was a lottery ticket, that was going to make you a ton of money. Instead you will be giving coal for Christmas gifts.
It is not a question of IF the SEC will suspend this company, rather a question of WHEN. Do you want to take that risk, knowing what has been documented.
Notice all the personal attacks on me, yet not 1 factual based rebuttal, NOT 1, confusion and FOMO are their only weapons.
Don't be one of these people who see the accident in the rearview mirror.
Get out before the SEC suspends this company for its documented and discussed conduct here.
Any investor who has been in the space more than 5 years, will admit that they have seen better companies supspended for less shady conduct.
9 weeks an 0 disclosures or a public aknowledgement of the non disclosure of coin sales. This speaks volumes of DSCR management.
Real shareholders would Have to SIGN Up to receive emails
Shareholders are in "Street Name Accounts" and as such the brokerage account receives all company disemenated information. Proxy statement, information statments and dividends all go through this path.
So how did DSCR invent a new way of making this happen.
They Didn't!
In order to get on the DSCR mailing list, shareholders would have to physically have to sign up. This gap creates a SEC Regulation FD violation.
What it does proves is once again, DSCR selective process of communication, in violation of Regulation Fair Disclosure.
Thanks for playing. Next Contestant for the "Scam is Rife" cmon down....
Investigative reporters, doing a documentary on effects of securities fraud.
DSCR is on our radar screen due to a documentary we are producing. The subject deals with the cost of securities fraud in the real world.
1. Issuers;
2. Attornies;
3. CPAs';
4. Transfer Agents;
5. Broker Dealers;
6. Dark Pool Control Persons;
7. Promoters.
Question when you see a building burining do you go in, with the hopes of saving lives or walk away.
To many people are walking away. Time to make a stand and help as many people as we can. Maybe one person in appreciation does the same and over time, probably not in my lifetime.
Goal to start changing the attitude that this conduct is called out and not condoned.
That is why the attacks on me and not the company.
"it is easier to attack the unpleasent truth that I present, than the comfortable lie, the company floats on..."
SEC SUSPENSION COMING
It is one of the worse feelings in the world, a company you followed, believed, and invested has been suspended from trading. That sinking feeling of the money you lost. Not the just the profits, but the whole thing.
As you are in disbelief, you do a double, triple check to make sure it is true.
ITs True
Then the despair of what was lost. The opportunity cost lost, all because you thought this was a lottery ticket, that was going to make you a ton of money. Instead you will be giving coal for Christmas gifts.
It is not a question of if the SEC will suspend this company, rather a question of WHEN. Do you want to take that risk, knowing what has been documented.
Notice all the personal attacks on me, yet not 1 factual based rebuttal.
Don't be one of these people who see the accident in the rearview mirror. Get out while before the SEC Suspends this company for its documented and discussed conduct here.
Any investor who has been in the space more than 5 years, has seen better companies supspended for less.
9 weeks an 0 disclosures or a public aknowledgement of the non disclosure of coin sales. This speaks volumes of DSCR management.
9 weeks same story, down 90% since
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.
Every day management refueses 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, please feel free to file, it will be answered, and followed with a counter complaint for securities fraud. This is about protecting innocent people, and your threats, although overt, are laughable, if not for the message it conveyed.
Truth is the defense
Although it is painful to hear, the truth shall set you free. It is also the defense of all slander lawsuits.
Facts that have been discovered and not refuted by the company in public disclosures:
1. FACT: Company materially concealed ALL sales and existience of the DSC Coin sale, in its 6.30.2021 filed quarterly report. This same report was the identical and inclusive period of time that the $2,500,000 in DSC Coin sales occured;
2. Press releases by company represents coin is backeed by 2,100 ounces of silver, 2,100 ounces of gold, 2,100 Bitcoin and 2,100 Ethereum;
3. Company sells / transfers $2,500,000 worth of DSC Coin (See Post 100872).
Lawsuit would be welcomed with a securities fraud counter complaint, so please bring one. We got the company dead to rights on text book scienter. This means that we will survive a 12 (b) 6 Motion to dismiss under the PSLRA.
Last it is nice to see the undisclosed stock promoter is now answering question with defamation threats.
Proves those 200,000,000 DSCR shares you brag about owning in certificate form, has exposed your utter bias to this company.
Thanks for playing -
Proof of Scam
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.
Every day that the company refuses to disclose the errors found in their financial statements, the stock goes down.
DSCR is down more than 90% since thier negligence was discovered. Management instead of owning this mistake and getting in front of it, decided to go turtle mode.
The illegal coin sale and non disclosure of your sales is a flat out criminal offense. Lets talk money laundering, fraud, embezzlement. How does the company answer
CRICKETS. This company will never file another report. Will be slated for SEC suspension, and when that happens your investment will be absolutley worthless with no market.
These people who are paid shills we move on to the next paying gig, separating you from your hard earned money.
6 billion issued, 0 Revenue, 0 execution, absolutely incompotent management. Worhtless scam nothing more
POST 100872 is a proven lie from a moderator of this board
Explain to us, how in post 100872 you promote the reveune from the coin sales, but disclaim them now.
Which is it, is the Moderaotr's Stickey Post 100872 a lie or just everything coming from you since.
In another post from same Moderator they bragg about having 200,000,000 shares of DSCR in Certificate form.
This would by legal definition and threshold make this person a promoter and or undisclosed control block.
Parading as a Moderator on the DSCR board. I think the board desrves an explanation, especailly given the fact that post 100872 is a stickey post and one of the first and most prominent post a new investor will read.
The more due dilignece you do on this scam the more disgusted you get with the cast of paid charcters, that become's evident on this board. "usually the next 4 replies after I post"
Innocent people who are not on this board, who are shareholders is who I am sad for.
The investors who sees this and does their homework are lucky to have the information.
I feel sorry for the ones who don't.
Unfortunate as that sounds it is exactly why companies like this get suspended by the SEC.
Once they get a sniff, which the expert market delisitng did, the investigations begin. Subpoenas are out, website are down, mangement unresponsive.
This deal has died, it has been on "lie support" ever since the delisting of Septmeber 28, 2021. Today we are starting to realize that smell. The smell of never going to report again, to drift into land of Zombie stocks.
How stupid is the mangement of this company. You book 0 ZERO nada in revenue, while bragging about selling $2,500,000 in DSC Coin Sales
--- Read Stickey Post 100872 The moderator who also admitily owns 200,000,000 shares of DSCR in Certificate form says best....
Then you compare this to what we filed on 8/16/2021 by DSCR with OTC Markets. The company denies any revenue or mention of the sales, which Post 100872 outlines perfectly.
I have seen some unreal scams, this one is up in the 10 dumbest scams ever. How hard would of it been to conceal this with a footnote in the financials, and 1 sentence reference in "Subsequent Events" that shortcut that was conscioulsy made, will be the exhibit the Goverment will begin their trial with (IMHO).
It proves money laundering both concealment and promotion, along with securities fraud. The nexus which is usually impossible to piece together is called scienter.
The scienter that ties the Securities fraud to the money laundering resides in the 8/16/2021 Mandatory Filed Report for DSCR with OTC Markets
DSCR 6-20-2021 Financial Report Filed With OTC Markets
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...
To think this has a chance of digging itself out of this hole needs to realistically challenged. However hard, sometimes it is better to accept and cut bait while you can.
Another Day Another Excuse
SEC Suspension vs Filing correct information
My money is on suspension, this company got caught committing fraud. Flat out caught, how do you explain that you got caught embezzling $2,500,000.
9 Weeks Financials Have Been Dropping
Instead the stock price is down 90%, and now we discover that the company hid sales, and company / subsidiary launches (COIN DSC), while privately talking to select shareholders.
My absolute favorite reason why you will never see another disclosure document from DSCR is how do you explain this publicly made statement.
"...May 11, 2021·2 min read
GRASS VALLEY, CA / ACCESSWIRE / May 11, 2021 / Discovery Minerals LTD (OTC PINK:DSCR), the precious metals exploration and production company, is pleased to announce the launch of it's Discovery Minerals Coin, a utility cryptocurrency.
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...."
Spurce https://www.yahoo.com/now/discovery-minerals-announces-official-launch-123000259.html
Where are these assets backing the coin, I can't seem to find them and when I look up the etherscan of the sales they dont show the gold, silver, BTC or ETH.
You can see for yourself here - otherwise known as proof
Proof of DSC Coin Sales that DSCR managementis concealing
Down 90% since September, all due to FRAUD and management's refusal to address the DSC Coin Sale Scandal.
Explain to us, how in post 100872 you promote the reveune from the coin sales, but disclaim them now.
Which is it, is Post 10872 a lie or just everything coming from you since.
Management is Concealing FRAUD
Until managment post current financial statements, with new disclosures this company is done.
Market Makers are doing the same due diliigence we are.
You cannot promote a coin, sell it, and then conceal that you did it on your mandatory financial statments. What takes this fraud over the top is how managmeent furhter doubles down on it never happeining by omitting the coin sale description in the "Subsequent Events" section of teh same mandatory filed report.
Management is sloppy, and got caught. Plain and simple, one morning you are going to wake up and see that the SEC has suspended this company for exactly what we have been discussing.
Managment is committing textbook securities fraud. Everyday they refuse to publicly address these errors, they place the minority shareholders of greater risk of an SEC Suspension under Section 12(k).
Do your homework, this stock is fraud, as much as that hurts to hear the truth is this stock has way more risk than reward IMHO
This is exaclty what DSCR is guilty of
Post # 100872 analysis & proof of lie. SEC Suspension coming. Post 10872 admits of the coin sales and revenue, that managment of SSCR decided to conceal and embezzle.
POST 10872
"...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.
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 making a conscious decision to further conceal this criminal act. This is known in securites fraud litigation as scienter. What it shows is the state of mind of management of DSCR, in committing fraud in concealing revenue from mandatory financial statements.
It is that simple....you are all being taken for a ride. The shills on the boards are really undisclosed DSCR stock promoters. NOTHING MORE.....
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.
Management of DSCR committing FRAUD
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.
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.
Time to report the criminal elements discovered by this company's actions to the SEC.
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC. Here File SEC Complaint Takes 2 minutes to fill out and could lead to the entertainment value 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.
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.
When you have had enough of the lies and deception of DSCR, file a complaint with the SEC. Here https://www.sec.gov/oiea/Complaint.html Takes 2 minutes to fill out and could lead to the entertainment value of one day seeing DSCR having to answer for its actions.
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: https://finance.yahoo.com/news/discovery-minerals-ruby-mine-123000944.html
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:
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 Condition 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..."
Suspension coming...
The DSC Coin which was sold, represented it was backed by gold, silver, BTC and ETH.
Oh boy this is really bad
"..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..."
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Would not want to own DSCR over the weekend
It is not a question of if the SEC will suspend this company, rather a question of WHEN. Do you want to take that risk, knowing what has been documented.
Notice all the personal attacks on me, yet not 1 factual based rebuttal.
Don't be one of these people who see the accident in the rearview mirror. Get out while before the SEC Suspends this company for its documented and discussed conduct here.
Anyone who is not bias has seen better companies supspended for less.
8 weeks an 0 disclosures or a public aknowledgement of the non disclosure of coin sales. This speaks volumes of DSCR management.
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.
Due your research More questions than answers from company. Here is the laundry list of COMPANY unanswered questions
Don't beleive the 1 sentence attacks on individuals and, misdirected question. This is a total scam, and will get suspended by the SEC.
When this happens, like every other OTC suspension, DSCR will fade away it the land of excuses and stories, never to trade any volume or share increase. What DSCR shareholders saw this Septmeber, only worse.
Here are the facts that the company HAS NOT ANSWERED:
6,000,000,000 outstanding, 0 revenue, & embezzlement of $2,500,000.
Since delisting, in September 27, 2021, DSCR is down 83%. No word from company, only select private communications with FRES, BIG RED FLAG
PROOF of DSCR Embezzlement of $2,500,000
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. 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
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
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.
4.1 Deleted web site of Coin Offering https://discoverymineralscoin.com/
4.2 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 I find 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?
The information we are discussing is non public information about DSCR.
The only people who have this information are the select member of Investorshub. The company is negligent in not clarifying the found discrepancies that have been DOCUMENTED and discussed among member here.
For not issuing a public statement or disclosure, DSCR, is further concealing the fact that they did not report the sales of the DSC coin on mandatory financial statements. "See OTC Markets 8/16/2021 Report filed on DSCR for period ending 6/30/2021"
DSCR management even went as far as disavowing any "Subsequent Event" in the same mandatory financial report.
For the other shareholders who are not as fortunate as you, and do not have this information, that is why DSCR needs to be suspended, and until the company clarifies this PUBICILY (8 Weeks and counting), every day puts this company in more danger of being suspended under Section 12(K) Inadequate Financial Information.
This is why this is a horrible deal, and who we are trying to help. It is the shareholder who does not have the cell phone number of the CEO, who uses this message board as a priviate back channel, in an attempt to string investors along.
PROOF of DSCR Securities Fraud Conspiracy and upcoming SEC Suspension
Don't beleive the 1 sentence attacks on individuals and, misdirected question. This is a total scam, and will get suspended by the SEC.
When this happens, like every other OTC suspension, DSCR will fade away it the land of excuses and stories, never to trade any volume or share increase. Oh wait kinda of like what we saw this Septmeber but worse.
Here are the facts that the company nor its paid shill on this board can answer:
6,000,000,000 outstanding, 0 revenue, & embezzlement of $2,500,000.
Since delisting, in September 27, 2021, DSCR is down 83%. No word from company, only select private communications with FRES, BIG RED FLAG
PROOF of DSCR Embezzlement of $2,500,000
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. 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
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
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.
4.1 Deleted web site of Coin Offering https://discoverymineralscoin.com/
4.2 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 I find 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?
Well said, when you can't argue facts, argue law, when you can't do neither confuse court.
Facts:
1.DSCR sold a coin called the DSC Coin;
2.#1 above is verified by the DSCR May 11,2021 press releasefrom DSCR;
3. The Discoverymineralscoin.com has been shut down;
4. Archive of discoverymineralcoins.com can be seen here https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/ SEEING IS BELIEVING
4.1 DSCT Coin Transactions can be seen here
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1 SEEING IS BELIEVING
5. DSCR never disclosed this on its mandatory financial disclosures for period ending 6/30/2021. This OTC report can be seen here.
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content ; SEEING IS BELIEVING - Click Link and Follow Along
5.1 Page 13 of DSCR OTC Mandatory Report filed 8/16/2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
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 $ - $ - $ - $ -..."
5.2 Page 16 of DSCR OTC Mandatory Report filed 8/16/2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
"...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..."
5.3 Page 22 of DSCR OTC Mandatory Report filed 8/16/2021 https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
"...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..."
A. DSCR in 5.1 Reports 0 Revenue Across the Board
B. DSCR in 5.2 Aknowledges Process of Revenue Reconition and how that Revenue is booked.
C. DSCR in 4.1 The DSCT Coin Transactions, proving revenue reportable events in 5.2 have been met, and therefore reportable. The DSCT coin transaction can be confirmed here.
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
D. DSCR in 5.3 is asked to disclose any
"Subsequent Events" which would include the revenue, sales and launch of their wholly own subsidiary DSC COin
DSCR in 5.3 materially concealed the fact of 5.1 omission of not reporting sales and concealing from mandatory financial statements more than $2,500,000.
A lie to cover a lie, material concealment is about as bad as you get in securitiees fraud, and in securities fraud litigation proves scienter to survive a 12(b) 6 motion to dismiss under the PSLRA.
1. Non Disclosure - minor - Fine
2. Material Omission - major -- Suspension
3. Material Concealment ---Don't drop the soap
What excuses will you use when this gets suspended
It is never coming back, and it is just a matter of days if not less, when the SEC supends this company for inadequate financial information.
Proof of Inside Information and why the financial report filed by DSCR on 8/16/2021 is the last one they will ever file.
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 financial 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 by DSCR:
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 in complete disregard to the minortiy shareholders.
DSCR WILL NEVER FILE ANOTHER REPORT - THEY WILL TAKE THE FIFTH WATCH THIS TRADE T0 $0.00001 until it dries up.
DO you really think DSCR is going to put out a press release or disclosure amendment addressing these valid and documented questions. Being that DSCR has not in over 7 weeks, tell me they won't, now the question is why, and how does this effet the trading and share price.
Being we are down 83% sinces September, speaks volumes of the question why won't DSCR formally address this.
Why DSCR will never file another report
Because whatever they report will be used against them in a court of law. The company's refusal to adress these concerns, is them taking the 5th.
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.
Get your SEC complaint in before it gets suspended. Lets get SEC enforcement involved.
https://www.sec.gov/oiea/Complaint.html
1. You want your voice heard?
2. Did you witness message board posters giving you inside information? "FREZ"
3.Do you think the $2,500,000 from the DSC Coin was embezzled and the reason sales of it were not disclosed on mandatory reports.
After this gets suspended it winds up in the garbage basket. Lets make sure SEC enforcement sends the subpoenas to dig into this fraud.
The managment on this boards wants DSCR to sink in the middle of the ocean to hide the fact it sold $2,500,000 worth of an item and failed to book it as revenue.
It is praying for an SEC suspension, then through FREZ they can communicate to the board, how horrible the SEC is. Diverting, and avoiding a shareholder(s) lawsuit for fraud.
Lets not let them get away with this, fill out an SEC complaint.
That includes all the shills that think they have a complaint for me, go for it, here is the link
https://www.sec.gov/oiea/Complaint.html
Time for company to address this or the SEC will suspend them. Anyone in this space knows that the SEC has suspended companies for doing less that what we discovered with DSCR.
Can you afford to lose your investment in this company. This is who we are trying to protect. One morning you are going to see this ticker suspended never to trade again......
PROOF of DSCR SCAM and upcoming SEC Suspension
Don't beleive the 1 sentence attacks on individuals and, misdirected question. This is a total scam, and will get suspended by the SEC.
When this happens, like every other OTC suspension, DSCR will fade away it the land of excuses and stories, never to trade any volume or share increase. Oh wait kinda of like what we saw this Septmeber but worse.
Here are the facts that the company nor its paid shill on this board can answer:
6,000,000,000 outstanding, 0 revenue, & embezzlement of $2,500,000.
Since delisting, in September 27, 2021, DSCR is down 83%. No word from company, only select private communications with FRES, BIG RED FLAG
PROOF of DSCR Embezzlement of $2,500,000
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. 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
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
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.
4.1 Deleted web site of Coin Offering https://discoverymineralscoin.com/
4.2 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 I find 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?
Suspended OMG I hope no one got hurt, DSCR inadequate financial information SEC Section 12 (K)
DSCR will never be PINK again
That is what one morning in the near future is going to feel like. This is why I am doing what I am doing, in hopes of waking up innocent shareholders of the dangers of investing in company that REFUSES to publicly address the following:
1. 7 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 a 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.
A SEC Suspension under Section 12(K) is more likely than DSCR being current.
THIS IS A TEST OF THE EMERGENGY SUSPENSION NETWORK, THIS IS ONLY A TEST. IN CASE OF AN ACTUAL SUSPENSION, PLEASE READ PRECIOUS WARNINGS.....THIS IS A TEST OF THE EMERGENCY SUSPENSION NETWORK.
DSCR will never post, day after day, same people defend a company that the company obviously pays.
No Press Release adressing the 800 ilb Gorilla and that is that DSCR through a subsidaiary issued $2,500,000 in DSC Coins. This has never been disclosed by the company. The mere fact that it is discussed on this message board is further proof of the negligence this company is guilty of. This is exactly the behavior the SEC suspends for inadequate information available. Anyone who has read prior SEC suspension orders can easily see the same faults that DSCR is guilty of, have resulted in prior SEC Suspensions.
Here are the unaddressed inadequate information WE (this message board) have discovered that DSCR has yet to publicly aknowledge.
1. 8 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 a 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.
A SEC Suspension under Section 12(K) is more likely than DSCR being current.
Proteccting the minority shareholders is what I am concerned with.
DSCR will never be PINK again
1. 7 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 a 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.
A SEC Suspension under Section 12(K) is more likely than DSCR being current.
Penny your going to be disappointed
DSCR is not filing ANYTHING, you are misleading the board, you know it and I know it.
WHY DSCR will never file another report? Because it will incriminate them in embezzling $2,500,000.
SERIOULSLY how do you explain the omission of $2,500,000 in sales when you report in your mandatory financial reports 0 revenue.
You don't, so instead you delay extend and selectively communicate what you want your shills to communicate on the board. This preserves "plausable denialbility" at the cost of insider trading violation.
So as the days pass with no filings posted, when do you call foul. When they stop paying you, is my guess.
WHY DSCR will never be PINK again
1. 7 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 a 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.
A SEC Suspension under Section 12(K) is more likely than DSCR being current.