Django of Securities Fraud
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6,000,000,000 outstanding, 0 revenue, & embezzlement of $2,500,000.
Since delisting, in September 27, 2021, DSCR is down 63%. No word from company, only select private communications with FRES, BIG RED FLAG
PROOF of DSCR Embezzlement of $2,500,000
-20.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.
Pennyland is never coming only a SEC suspension under Section 12(k) inadequate financial information.
0 Revenue
and a $2,500,000 omission of sales on a manadatory financial statement.
Down 80% since September, this is a dog with a bunch of stock promoters trying to tell you lies.
One morning all the DSCR shareholders will dismayed when they find out this company has been suspended and all your investment in this company, forever WORTHLESS.
I am trying to get 1 investor to do their due diligence, so that they don't lose their hard earned money.
I am trying to protect the minority shareholders, that you bask in the notion of stealing from.
Maybe you do belong in jail, that is one of the question of our documentary. You are a shill for the company, with 200,000,000 shares of DSCR in certificated form (admitted by you)
This Company has
0 Revenue
6,000,000,000 outstanding shares &
$2,500,000 omitted from financial statements and embezzled.
You have no retorts based on facts, and offer only snarky attacks. Every warning sign that this company is a SCAM is here. Especically when we have people like you laughing at minority shareholders who lost money.
When this gets suspended, all the innocent investors will have lost everything they invested in this, while you were on the other side making excuses.
I dont know how you live with yourself, but a good start at the toxicity you bring into this world can be indexed via our conversations.
Morally bankrupt comes to mind, but then I think law and the word co conspirant comes to mind.
Overt Acts look it up, I have a feeling you are going to know this definition by heart.
The company can't submit a press release clarfying this, that should tell you everything.
They can't get current and never will be. Why, simple, they omitted $2,500,000 from the last mandatory financial statement. When you report 0 revenue it becomes impossible to clairfy this in a restatement.
This company is a victim of a self inflicted gun shot wound, and the paid shills on this board are the band playing on the deck of the Titantic while passengers are loading the life boats.
FACTS:
1. 0 Revenue NOT A DIME OF INCOME;
2. 6,000,000,000 shares outstanding - and people are shorting this on 3,000,000 shares trading volume. Hmmmm
3. The undisclosed $2,500,000 in DSC Coin (Ethereum ERC20 Symbol DSC) sales between May 11, 2021 and June 29, 2021.
This was purposely omitted and materially concealed from mandatory disclosures. This is as bad as it gets, and the longer the SEC takes to shut this down the worse it will look for them at a Congressional approporations hearing.
This is conduct that warrants a suspension by the SEC and an full enforcement investigation into the embezzlement of $2,500,000.
No I wont see you in court, but I feel an enforcement action is on the horizon. Thanks to your admission of 200,000,000 DSCR shares in CERTIFICATE form, it will be easy to triangulate who you are, and your involvement in this fraud.
You remind of the type of guy that cries in a deposition. I am willing to place a wager that the SEC knocks on your door.
FACTS:
1. 6,000,000,000 outstanding shares
2. 0 Revenue
3. Omission of $2,500,000 in DSC Coin Sales
You are all trying to sell your bags to people who do not have the benefit of what we are discussing. That alone the company should be suspended.
Going on 7 weeks, where is the formal company announcement on this. Hmmmmm not coming and till it does this is a SCAM and the promoters involved with it, thieves.
All of you on here are trying to sell this bag to other shareholders, so you can make a profit.
This is after proof has been given with links confirming that DSCR is committing FRAUD.
What does that make you.
Your a paid shill with 200 million shares of DSCR (as told by you), the only thing you care about is selling your shares to innocent shareholders who have no idea of the level of fraud this company is committing.
Lets start with Embezzlement of $2,500,000, then move to non public selective communication to shareholders. Both have been proven and documented. All you care about is selling you trash to innocent unsuspecting investors.
I don't want to see innocent shareholders taken by the message board pumpers here. So I will continue to educate the public to what are the tell tale warning signs of this company.
Funny how in all your responses, not one places blame on the company. I guess we all know who is writing your check.
No public response from company on DSC Coin. Only communication was through a message board poster "FREZ" who reposted the email the company sent on the subject.
This is non public communication of confidential information. The company selectively communicated with people on this board, while circumventing disclosure of a $2,500,000 DSC coin offering from mandatory filed reports.
Do you really thing the SEC, when they get to this are going to let this unreal conduct to persist.
If you do, you are delusional and you need to read every SEC suspension letter and understand SEC Section 12(k).
This is getting suspended, or in alternative will never be Pink Current - Prove me wrong
6,000,000,000 Outstanding, ZERO Revenue and an omitted accounting discrepancy of $2,500,000. This deal will get suspended, (my prediction November 29).
When this gets suspended, as seen from how they handled this last go around, DSCR will be forever worthless. Can you afford this, for I beleive in the near future you are going to look up your stock quote here to see it has been suspended.
This is what I am fighting for, the small investor who cannot afford to lose money on a stock that mangement refuses to get current on.
The company's year end in 9/30/2020, so annual due January 15,2022. In this they will have to find a lawyer taht will sign off on the DSC Coin omission from 6/30/2021 quarterly filings.
Not happening -
My money is you will never see another report from DSCR (except a possible NT around 1.15.2022).
It has been 6 weeks and the company has yet to address these concerns. That should tell you everything you need to know.
Last when DSCR get suspended from the SEC under a Section 12(k) violation, what are the chances that the your investment, or the person who bought it from you will ever get their money back.
It is for this reason that DSCR need to be suspended, until adequate financial information is filed by the company, clarifying the $2,500,000+ DSC coin sale omission.
Never Happening
This company will NEVER be current, it got caught embezzling money. You will never see another report from the company.
This company cannot avoid getting "delisted"
Its only communication medium is through message boards and cryptic press releases.
Forgets to report sales from coin operations. Not $1 reported, like if it where a TV show this is the one glaring clue that it all comes back to.
DSC Coin was a wholly owned subsidiary of DSCR, sold coins and DSCR omitted the sales.
Press release and archive web site confirms it. I have post with links that you can confirm independently, including the Waybackmachine.org archive.
Credibility of research is transparent with links provided. Due Dilignece will confrim how bad it really is.
I am not trying to do anything except to protect the small minority investor from waking up one morning finding his stock postion in this company suspended.
Further proof is the Etherscan documented sales of DSC Coin.
DSCT Coin Transactions can be seen here
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
100% of ALL PROCEEDS AND MENTION OF THIS DSC coin has been omitted from the public minority shareholders. The issuer refuses to address this, and in doing so is guilty of not providing adequate financial information under SEC Section 12(k).
Look it up the SEC cites this everytime they suspend a company.
POST FACTS
You all throw jabs at my DOCUMENTED DUE DILLIGENCE, and bring nothing to the table.
HOW ABOUT THE COMPANY ADRESSING THIS IN A PRESS RELEASE
Minority shareholders are at risk here because teh company has and continues to be negligent in providing through proper disclosure, adequate financial information.
Promoters chime in with heresay, and unlawful practice of law, and the DSCR does nothing for 6 weeks while the price declines 70% and REFUSES to address this omission.
Get real your as fake as they come.
hmm with 200,000,000 in book entry form, in addition to how you refer to youself and the company as "we" "our" it will be nice to find out when this is under formal investigation who you were/are.
My prediction we will be reading about your real name in future SEC litigation releases or better.
0 Revenue, 6 billion shares outstanding, non disclosure of coin sales.
All 3 of these are the truth
Documented Prood of Fraud
Undisclosed Coin Transaction
Between May 11, 2021 and June 29, 2021 Discovery Coin a Wholly Owned Subisidiary of DSCR (Press Release May 11, 2021) sold & transferred 1,238,234.50 DSC tokens at $2.00 a token for net proceeds and revenue to DSCR in the amount of $2,576,469.
On August 16, 2021 for period ending June 30 2021 DSCR filed with OTC Markets its Quarterly Mandatory report. In this report the management of DSCR omitted the income from the sale of the DSC Coin onto the balance sheets of DSCR.
Source: https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following revenue omission were made from the DSC Coin:
1. Page 13 the reporting of 0 revenue for 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
"...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..."
Here is the DSC Coin Tranctions sales of $2,576,469 which has been shown above was omitted on DSCR Mandatory OTC Markets Quarterly Report for period ending June 30, 2021, and filed on August 16, 2021.
Source:
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
Txhash Blockno UnixTimestamp DateTime From To Quantity Method
0x51fe5e0feb24e99d5bdc6055db9682ef2d2be367417053f63b15beaf1233b122 12411030 1620708264 5/11/2021 4:44 0xbe288cd34a699e30146442e622322b64ac64228f 0xfb18c2c788557b4ffbaf8bf43866558813a20395 125 Transfer
0x0b7363c5f59df13b2264cbbf94a842668930f1e9ec6f37987a5ced701a393b77 12411031 1620708266 5/11/2021 4:44 0xbe288cd34a699e30146442e622322b64ac64228f 0x9abf01c440fea5f5910f229401ae62e5169e7826 125 Transfer
0x4b5907da0e331ce5b6e6054a17f8a1b7c6803466a1c6dec618d74676d578b502 12411042 1620708366 5/11/2021 4:46 0xbe288cd34a699e30146442e622322b64ac64228f 0x80e8c56308dc93b6b2269b4e2086383d146b709a 125 Transfer
0x5eb0eed62f764ee38b207ddec0d5938cf9b916e2e19c7baab7a60b7fdc58b356 12411168 1620710260 5/11/2021 5:17 0xbe288cd34a699e30146442e622322b64ac64228f 0xad232a63876f750fcabad53bba3a17cd6af7e83f 500 Transfer
0x2cdb81b54503ed9192f1f9722c6814d9c2356cf9a6bc7060baa505be02446c71 12413224 1620737341 5/11/2021 12:49 0xbe288cd34a699e30146442e622322b64ac64228f 0x8cf5dc6ca478736613cab6ec7b7adc1e43ccb6e8 677.5 Transfer
0x3bd775d3668e1b2ec5a67d03041701b4691921c325568dc180cbf142293ac90f 12414341 1620752656 5/11/2021 17:04 0xbe288cd34a699e30146442e622322b64ac64228f 0xdf5e5111979400f80e7bf15dfebabf4d09173b5c 125 Transfer
0xc6753b930fcf816fbc7cbc6521bcbd6a1381038c1a38e5f37a38bbb38bbfb930 12414349 1620752741 5/11/2021 17:05 0xbe288cd34a699e30146442e622322b64ac64228f 0xc140b735acde2a5758a6caff11a032e9f0903dd3 125 Transfer
0x801c6285bf44aba97ef87372f51965facc11a40f557220809d6af2960e6e84f7 12414365 1620752967 5/11/2021 17:09 0xbe288cd34a699e30146442e622322b64ac64228f 0x0e12b4d1b701839e310f8733dcc387041d9d6b37 250 Transfer
0x2af9dffb6474fb148714425bf2ccd3de64735e14b35d15b85e01fffa87a04329 12414365 1620752967 5/11/2021 17:09 0xbe288cd34a699e30146442e622322b64ac64228f 0xcb2dda2e88c93721a4adeb5b8441b4eecff9d9fa 145 Transfer
0xa2fe297d170efe3c34c8da19d4b901fdba27df1081d4e0e4da9adc29b9538541 12416015 1620774907 5/11/2021 23:15 0xbe288cd34a699e30146442e622322b64ac64228f 0x461d9cd8138fabcd6919b5719ce3ace3ed96205a 125 Transfer
0x57e85a68a92c653d59bdfa48f91f3f27b7a9bcea3114a3aeedf4b6f6db3c5719 12416015 1620774907 5/11/2021 23:15 0xbe288cd34a699e30146442e622322b64ac64228f 0x6c0a0ce27e560ccfa047d0df9911199a61912e3d 125 Transfer
0x9518fdb3335db3c018ae0233cc599d5144d92372249025c84ec924289b2683b3 12416016 1620774914 5/11/2021 23:15 0xbe288cd34a699e30146442e622322b64ac64228f 0x52bc09529b808c247b2d67851649fe8fdddbd78d 500 Transfer
0xfd45444aa0418f693a2ad8545cd5073378ad6c32a1bc9c7a51b4a2e77cfe6d10 12416628 1620782874 5/12/2021 1:27 0xbe288cd34a699e30146442e622322b64ac64228f 0x80e8eb4a5abb551135932862523df804781b392b 125 Transfer
0xf96f115136ebac80cb2bc2e815828e484b783929f09cdc6f6d9818c551a468b3 12416633 1620782934 5/12/2021 1:28 0xbe288cd34a699e30146442e622322b64ac64228f 0xb26385c0049c0bd91a34cf27430a281e111985d5 500 Transfer
0xc167e5ca08b9ec7430aaaac78caf3714d5ad00a9636987b3d9ea87b174cf5070 12416640 1620783039 5/12/2021 1:30 0xbe288cd34a699e30146442e622322b64ac64228f 0x451ae6ce3b535df47cdb909c6e8b73a10f893c91 500 Transfer
0x904de78cebaf7951451aa1a5fc6941273d29f2e0f64edb4afecccfc2daf37745 12417478 1620794058 5/12/2021 4:34 0xbe288cd34a699e30146442e622322b64ac64228f 0x916805191b482af89df88f07f8957d2981aea05c 125 Transfer
0x85f590c1e11ba627ade6cf53f3cfe1b114754d790c48f5467a629f95e101be6f 12417608 1620795660 5/12/2021 5:01 0xbe288cd34a699e30146442e622322b64ac64228f 0xb16f614de8fa6be8d5ad7c56cca48407725708a9 150 Transfer
0x588d711b4f6abc1bc06864b8dc5c8ccf71f8e575b77be73260d165962093db05 12417818 1620798568 5/12/2021 5:49 0xbe288cd34a699e30146442e622322b64ac64228f 0x0895dd7b2c280faa86fe9bba84c423bdcdee6858 125 Transfer
0xd394b3ec7f129b5f12a716736c6f6dd7fdf037a066f8de197741acae1ae8c3a3 12417818 1620798568 5/12/2021 5:49 0xbe288cd34a699e30146442e622322b64ac64228f 0x0f01d35058b986b0a574f643e163f480d7b691c1 150 Transfer
0x15f1e61a572cc27e819a25f1d4e2a2123eb24855677a9bcfd403ba46cf7d28a3 12419858 1620826140 5/12/2021 13:29 0xbe288cd34a699e30146442e622322b64ac64228f 0x99f7bfe6ed0a89f9aafaf9adb0cd586c7dbfba3b 500 Transfer
0x4c486992786a8161c53185da454043b31c5aae3070f570c17d1b1d2ce80dd8a6 12419858 1620826140 5/12/2021 13:29 0xbe288cd34a699e30146442e622322b64ac64228f 0xc834e7e89ece3c77ff8c2e1874283d063c5a3483 125 Transfer
0x54825ea0c2b22d26098570d2e1d5b3e323e9c9f66efeb501afed3be342cabcfe 12419858 1620826140 5/12/2021 13:29 0xbe288cd34a699e30146442e622322b64ac64228f 0x57771ecc8caf07f93f8708ec20ba065fc085cb50 125 Transfer
0x327e76bc50c48a1ada003096a9acd5846cc11f5957b6e38f4f807b0d2bbf1f80 12421425 1620847740 5/12/2021 19:29 0xbe288cd34a699e30146442e622322b64ac64228f 0xad232a63876f750fcabad53bba3a17cd6af7e83f 250 Transfer
0xbde9d8f59dcb4e338c2e079819ec63fa26dec52784050b5d7f8f8d936494756f 12421425 1620847740 5/12/2021 19:29 0xbe288cd34a699e30146442e622322b64ac64228f 0xbdfdb25ee721c8dd283f2f56b8d22c82d3df68ef 125 Transfer
0xda3c4ccfcb5d2813986fb3c193eaebdf8bf3c34b2f01cd0f91e7dae61730c019 12421797 1620852754 5/12/2021 20:52 0xbdfdb25ee721c8dd283f2f56b8d22c82d3df68ef 0x639f85c5e03d7156a169f956eaf0a3608e65ca2b 125 Transfer
0xb5191c089eccccec927a53febbc9eae4af2f88068526509f56a1fcc49f6d877a 12421909 1620854075 5/12/2021 21:14 0xbe288cd34a699e30146442e622322b64ac64228f 0x39a3828b22cd9fc579f0c3b926f8f8e19ed59051 125 Transfer
0x200e51244beb4ada249a18522b453adc9bb4bb95908124bd05a11106d8d76354 12421921 1620854253 5/12/2021 21:17 0xbe288cd34a699e30146442e622322b64ac64228f 0x088e9cb50f5e439ee288fba1d90ba4c4c1c55132 350 Transfer
0x36eff3b807f7ee43d806be39a7ee4da61164e9cc6f29bbe5e99d45b722520b6c 12421955 1620854679 5/12/2021 21:24 0xbe288cd34a699e30146442e622322b64ac64228f 0x2edfba11c28a322c725788ce4c3e417aedb41d12 150 Transfer
0xbe45d3edd15d068fffb62726ce181148089e9d6ed0eca68dca582daafe517555 12421955 1620854679 5/12/2021 21:24 0xbe288cd34a699e30146442e622322b64ac64228f 0xc6b13149c685c598f6e1207744815ff8c999887c 150 Transfer
0x704d56ed445043fda9e82904b45c7a8273839c8aeb3756c7b6d9f6f5e97c773b 12423876 1620880309 5/13/2021 4:31 0xbe288cd34a699e30146442e622322b64ac64228f 0xa5c139e928231d751ad6ec5fb85c83c3bd955cad 125 Transfer
0xf5d9e76f5b7e4907d6e27b36392116c6510c0bf02ee8d77e23ac77557d6260ed 12423882 1620880343 5/13/2021 4:32 0xbe288cd34a699e30146442e622322b64ac64228f 0x961e19a21b1e36dbef99ff7599e572aeba3125d3 250 Transfer
0x604d09870ca85c88bfe44b4016a0c7b8fc50d9b001f3f0e26135ceb7d7cc114c 12423926 1620881009 5/13/2021 4:43 0xbe288cd34a699e30146442e622322b64ac64228f 0x79d26803b58a55f6fbf10680432d9ff8c059ee06 125 Transfer
0xf81e57b76711fdefe96d6445640396938f8e2cd33a3fefce6df26cf56669b4a1 12423926 1620881009 5/13/2021 4:43 0xbe288cd34a699e30146442e622322b64ac64228f 0x230c21990f187c18fc4a90a2a860a37381c56c33 125 Transfer
0x585db77ce2ad046e5dd856a30dd9b3b8e1db7b4d9cb019364b04626f679e0cc3 12427810 1620932537 5/13/2021 19:02 0xbe288cd34a699e30146442e622322b64ac64228f 0x99f7bfe6ed0a89f9aafaf9adb0cd586c7dbfba3b 500 Transfer
0x9cd0fc47231394eeba3e86602d0cd34cf89bb2c7a1938ce7b4ef857c889bcfd5 12427810 1620932537 5/13/2021 19:02 0xbe288cd34a699e30146442e622322b64ac64228f 0x0c0f47c3f2aa205e1ba9345576f7a89f5f72f524 125 Transfer
0xa65db80e0731958db6a4a44c970293e55ee217703d979fc9f9ce500246cb3002 12427810 1620932537 5/13/2021 19:02 0xbe288cd34a699e30146442e622322b64ac64228f 0x39fa7c4c564c5a2014b11e3ed9faecb89663d8ce 125 Transfer
0x8618b0c8dfd0196e83a408ea75689d026ec520406661612865f10820d4898b88 12427815 1620932584 5/13/2021 19:03 0xbe288cd34a699e30146442e622322b64ac64228f 0x0bb99493c409b82b1bc375ca34e6509f9d50734b 125 Transfer
0xded40407340ca5715a09d8c6715bf165b5a69bcbf8dcdd43f88c5abd293fc88d 12427817 1620932591 5/13/2021 19:03 0xbe288cd34a699e30146442e622322b64ac64228f 0xa407d4d0a2fbf5fb783794f150c1f6e1cdf5de4b 125 Transfer
0xa9390e829a0c091904a85948dba90b6cd6124b45bb09caa907e7fe5d2491e253 12427831 1620932775 5/13/2021 19:06 0xbe288cd34a699e30146442e622322b64ac64228f 0x961e19a21b1e36dbef99ff7599e572aeba3125d3 125 Transfer
0xb97d2a08a7ce1b3a70c932cf52df41cca4fc048a849de03f28fa76c0415e10d6 12427831 1620932775 5/13/2021 19:06 0xbe288cd34a699e30146442e622322b64ac64228f 0x918ecdb6df0a3e3bcb99bd27c2a95276f72a2b97 125 Transfer
0x197f7a1669bf11cfe7176da75ad76ca4111bcf7dd8c1adcd9ae288a7a5631743 12429999 1620961296 5/14/2021 3:01 0xbe288cd34a699e30146442e622322b64ac64228f 0x0c0f47c3f2aa205e1ba9345576f7a89f5f72f524 150 Transfer
0xd16b283debc7c566cd13ff8c00df4c38ce8a259221b3f88629f38819c4e40702 12430006 1620961359 5/14/2021 3:02 0xbe288cd34a699e30146442e622322b64ac64228f 0x0bdbf72671c8975ecd6a47a1185e4dfed3248dea 250 Transfer
0xf289b7dc91d14b3f5dd93c9127bcf08759280677ed31cf5c27e88be60516cd80 12430009 1620961415 5/14/2021 3:03 0xbe288cd34a699e30146442e622322b64ac64228f 0x230c21990f187c18fc4a90a2a860a37381c56c33 125 Transfer
0x503d62aba73ccc62fe68cd49069446b6ac03bb6debb1b27e7b4280742fe98bfe 12430009 1620961415 5/14/2021 3:03 0xbe288cd34a699e30146442e622322b64ac64228f 0x4529ec4aa7757bca75353f27d01db7a50fa9a608 125 Transfer
0x9834da7d6196ced4c91193b8d913eb82ee214c1e55ee078c791dbff7704f6821 12433102 1621003543 5/14/2021 14:45 0xbe288cd34a699e30146442e622322b64ac64228f 0x36177163583046652c1c0677e18e2e1f05d48ecb 250 Transfer
0xeee47e37ece17c411a6edb8864b5212cf2461f98e7938e0b02cba212d8f990ae 12433963 1621014474 5/14/2021 17:47 0xbe288cd34a699e30146442e622322b64ac64228f 0x13780f6357771d9b19e4b7e82216fa89fcb7dd13 125 Transfer
0x79c0a033ecb8641e2cf4107c4475621d6f296efec96a5ca792df56c050532c8d 12433967 1621014507 5/14/2021 17:48 0xbe288cd34a699e30146442e622322b64ac64228f 0x98f8e681e626441304760e77fa96b53aa2673974 125 Transfer
0x01d3b5e93a89cb6bb68c7d6c55d8a5c7cbf33239d634fa9fd3ee4750dfbb5eeb 12433970 1621014541 5/14/2021 17:49 0xbe288cd34a699e30146442e622322b64ac64228f 0x7270cb8018469f463655b64e8eb17f8354a580e8 150 Transfer
0xccdefc34f654d674584f239f039a310b5184798341c70bf3467e7dc07aec9d61 12433975 1621014591 5/14/2021 17:49 0xbe288cd34a699e30146442e622322b64ac64228f 0x0c0f47c3f2aa205e1ba9345576f7a89f5f72f524 125 Transfer
0x9460d8518af14dabaca2a0d257b1cc327164f2f42987c3d7fb28c98e4103727f 12439612 1621090417 5/15/2021 14:53 0xbe288cd34a699e30146442e622322b64ac64228f 0x25a7790e994117f66762a8f0e556ce1c3f8e1e60 125 Transfer
0xe77cb7ba237867f7fb5c1278a0ea05cb1c485735190f6179dbf20c90b73948aa 12439617 1621090467 5/15/2021 14:54 0xbe288cd34a699e30146442e622322b64ac64228f 0x03d826c6dec8dff53be7678e50bef98eae943c7f 137.5 Transfer
0xc92f13574a65017bd034c9ac039c676185a15d6ebd9282916ea54b0605cd1b87 12439624 1621090552 5/15/2021 14:55 0xbe288cd34a699e30146442e622322b64ac64228f 0x94bc889d909b12b267182c04837a19a1a908cd0e 200 Transfer
0xcf426b7b9d41269bb35d37fd1b41b23746b00d0a91a9b3b135e974422b5bdd66 12443517 1621141075 5/16/2021 4:57 0xbe288cd34a699e30146442e622322b64ac64228f 0x09457d81e7e50a0d1e3ccc9e81151629609e0b08 125 Transfer
0x33d6b5ad26eaadd2ca6a2439a7a249e409e8358c64ac52bd3c12d15d174dd6de 12443528 1621141186 5/16/2021 4:59 0xbe288cd34a699e30146442e622322b64ac64228f 0x25a7790e994117f66762a8f0e556ce1c3f8e1e60 375 Transfer
0x8995efca4a358cd35e1a5a992f05f76ad108391087e2830705960f765d466831 12449620 1621223570 5/17/2021 3:52 0xbe288cd34a699e30146442e622322b64ac64228f 0x0c0f47c3f2aa205e1ba9345576f7a89f5f72f524 125 Transfer
0xfa9ad784310d772d9e32633f89da0dff32f926c0b5c429a439aee239bca51114 12456089 1621310174 5/18/2021 3:56 0xbe288cd34a699e30146442e622322b64ac64228f 0xcace5b022da75bb946115684199986bfa29a8f46 125 Transfer
0x94bbc13aa9d270c1dd22b3521cbc5690cb6f4784f1de6dacea81c37cef31f28f 12458549 1621343132 5/18/2021 13:05 0xbe288cd34a699e30146442e622322b64ac64228f 0x6b8475b66e85c8ca8a2f74c3ae71f738d7261a6d 125 Transfer
0xa17b0e77be0cd206863e97756570010b48dc41ffabaccc99a08899193c62f62c 12473681 1621545920 5/20/2021 21:25 0xbe288cd34a699e30146442e622322b64ac64228f 0x9ffb112ec08c5d5067531f64a633811d31d50fbe 250 Transfer
0xc10945eac91199c94e524d3eb8174cfd7033c878f8513629795f21d8593251a8 12475422 1621569042 5/21/2021 3:50 0xbe288cd34a699e30146442e622322b64ac64228f 0x35d0c8dd049e16de5b84e6d1e510e4ce2ce89315 750 Transfer
0x9585648759fccc4b1a398e182b0b54556e99f2e93a051fba9d6f39de11942f3d 12478946 1621617024 5/21/2021 17:10 0xbe288cd34a699e30146442e622322b64ac64228f 0xacc3c1ef276c022a291501d9710846b37967c9c1 150 Transfer
0x44f35f0ffbac625af3de95c3163487d49513215da129cbedc003587ea90044cc 12480755 1621641291 5/21/2021 23:54 0xbe288cd34a699e30146442e622322b64ac64228f 0x961e19a21b1e36dbef99ff7599e572aeba3125d3 125 Transfer
0x055106c095ccd63cba53b6faea04eed4042a3fa0db5ba7faf23f63b06d543c1e 12482014 1621658227 5/22/2021 4:37 0xbe288cd34a699e30146442e622322b64ac64228f 0x42f3c5da310e3b24364862f0788e1e7d2824775b 250 Transfer
0x49f41919d4c2fa4c5467af7a8289483e9fe0eb3d9e39bd3e1ce995840fa32107 12488411 1621743982 5/23/2021 4:26 0xbe288cd34a699e30146442e622322b64ac64228f 0xd284502af98a9c8810115ca7c444d67bea76bd8b 125 Transfer
0xda1264ebc2e4ba78824186547c4dfa1c41571d3a5e38f344fc9c696fc0e467ec 12501408 1621917585 5/25/2021 4:39 0xbe288cd34a699e30146442e622322b64ac64228f 0x59fdd942640c17aa6a3cd749da071f49b30e8b6e 125 Transfer
0x6636c383b21699f7626a9d6e689e2d22fd03b93e03a1ce443aac2d09c2decad1 12501412 1621917625 5/25/2021 4:40 0xbe288cd34a699e30146442e622322b64ac64228f 0x0c0f47c3f2aa205e1ba9345576f7a89f5f72f524 125 Transfer
0x70e81d5bca9b8e805ed429b99ead14e05b3253882ca4c0af734c255c24b5654f 12501415 1621917670 5/25/2021 4:41 0xbe288cd34a699e30146442e622322b64ac64228f 0x1b5249853e10c09650396e60e431ea0afb61b810 125 Transfer
0xee5313c34140cf5e5a11e04338f76b29da214e038a81272d665da034b7febedb 12506815 1621990462 5/26/2021 0:54 0xbe288cd34a699e30146442e622322b64ac64228f 0xcdc7bf5407615c8f1d57edbfda879d26e2652188 250 Transfer
0x7c10e860c083b57658c5bdb77473387147af2513d224e30f296dec70402d2864 12514367 1622090921 5/27/2021 4:48 0xbe288cd34a699e30146442e622322b64ac64228f 0xcdc7bf5407615c8f1d57edbfda879d26e2652188 250 Transfer
0x7a3f9f6122fe496f225f8ad960118576d09ab58159af8931651b829bb4ecdb75 12533023 1622341361 5/30/2021 2:22 0xbe288cd34a699e30146442e622322b64ac64228f 0x961e19a21b1e36dbef99ff7599e572aeba3125d3 175 Transfer
0xa46460c512daab3f08b6b4882f775ac71548ee3be2aa9b4fc08ee4019a93bbc0 12533030 1622341438 5/30/2021 2:23 0xbe288cd34a699e30146442e622322b64ac64228f 0xdabc9c6e1167ecd7e4fe74734378a32826ddf69a 750 Transfer
0x2eb56104a86d754184ef3cbd88dc64bec6a9606cafb316ffa9404867f20f4833 12553041 1622610211 6/2/2021 5:03 0xbe288cd34a699e30146442e622322b64ac64228f 0x16bba756450bb8cbf02e88eafad08f8c0f9fa52f 150 Transfer
0x1af50903625d27abf46865cf13c6dc734fb38680a4f300428a9295e551a2d981 12556901 1622661247 6/2/2021 19:14 0xbe288cd34a699e30146442e622322b64ac64228f 0x11dd20031d5ea6ddd4bdd76d20b7fb8006469bfb 1 Transfer
0x4ad8fd18bc550b0af151ebad4472aace0a7bf99cc84faaca669ac243b6668e2d 12563420 1622748647 6/3/2021 19:30 0xbe288cd34a699e30146442e622322b64ac64228f 0x35d0c8dd049e16de5b84e6d1e510e4ce2ce89315 750 Transfer
0xe810038a898c70562f43c9980ee8fdf38bb47e0cc39e5385e4c6e36c65db2025 12564627 1622765095 6/4/2021 0:04 0x7c89edc803df1dab07a1c0cf3dbb28558d115fed 0x79d832c99db606e54700c3877a27b5dc00b786f2 125 Transfer
0x79a33fb4bba8352df84e203ec57891346b557c3fa0eee10d49d0906de8e983a7 12590912 1623115490 6/8/2021 1:24 0xbe288cd34a699e30146442e622322b64ac64228f 0x961e19a21b1e36dbef99ff7599e572aeba3125d3 125 Transfer
0xf969aa6bd85edf8e05333c7085fc80e70fb59434b305de77b659f7cd1dc80097 12590920 1623115627 6/8/2021 1:27 0xbe288cd34a699e30146442e622322b64ac64228f 0x16bba756450bb8cbf02e88eafad08f8c0f9fa52f 150 Transfer
0x4afa5f0b0736c994073754f7217b3379397e69d74b8620e631ed8c50c4f99a48 12616773 1623461230 6/12/2021 1:27 0xbe288cd34a699e30146442e622322b64ac64228f 0x99f7bfe6ed0a89f9aafaf9adb0cd586c7dbfba3b 500 Transfer
0x0396801ca3ef2b4e62a697e3a86f52a3587a1ea17304a4cc69c553fa0f9c1be5 12636311 1623723651 6/15/2021 2:20 0xbe288cd34a699e30146442e622322b64ac64228f 0x8eaaa7d957e0bbeb91eb2ce83f1ed0bea9ce2ba8 125 Transfer
0x2cefd42d7249143fcd9d43e7df72239ae8807139f7e1ece667cc06679f23e0fe 12649337 1623898092 6/17/2021 2:48 0xbe288cd34a699e30146442e622322b64ac64228f 0x39fa7c4c564c5a2014b11e3ed9faecb89663d8ce 125 Transfer
0x364de782e195fc650e246604a95a72afabe1eae3ccdcc87b2a43ba93fa4d0d96 12649338 1623898093 6/17/2021 2:48 0xbe288cd34a699e30146442e622322b64ac64228f 0x11dd20031d5ea6ddd4bdd76d20b7fb8006469bfb 1,000,000 Transfer
0x8209b83eee0dd5d79844e6b7957962a244f75a0325dce156f8903db7134b88cb 12682173 1624339828 6/22/2021 5:30 0xbe288cd34a699e30146442e622322b64ac64228f 0x16bba756450bb8cbf02e88eafad08f8c0f9fa52f 237.5 Transfer
0x8787b0f3461fb011eba5c550dabc08956289db5c06fd0a336a9ece9e0cf295e4 12682173 1624339828 6/22/2021 5:30 0xbe288cd34a699e30146442e622322b64ac64228f 0x22cb42c58a1189e38ce8bf80644f24420a4acfd8 1 Transfer
0x9d14cdd46d05ecac0ff558642cce8027096784e98fb6dd3a3be797a2f4faa4ad 12694409 1624504110 6/24/2021 3:08 0xbe288cd34a699e30146442e622322b64ac64228f 0x88bdc25560f9757b22ff1aca972d07876c8a6972 10,000 Transfer
0x90658a9fd2fbd0b0fe20f6b188b1aebadf654f1e35eec10d1faa63dee941cccf 12694414 1624504147 6/24/2021 3:09 0xbe288cd34a699e30146442e622322b64ac64228f 0xe10582d4b2d60ca8503806b6112407572e91a68f 10,000 Transfer
0xfa9452322a386758f29e93a10b979ef2700efeeb93a6eeda48a8ed93ba7b80c9 12698164 1624555813 6/24/2021 17:30 0xbe288cd34a699e30146442e622322b64ac64228f 0x961e19a21b1e36dbef99ff7599e572aeba3125d3 200 Transfer
0x2df94741e97f1a59277b6c4617b77fb2f48a0d11555fdf6c06c507ba2e6c68e0 12700559 1624587160 6/25/2021 2:12 0xbe288cd34a699e30146442e622322b64ac64228f 0xd3fb4b9ac29d568f764a452d7c03b6ca51873f2e 200,000 Transfer
0x2a98b3ce8327016b6396418c3bbbcdeaa07579973bc35e9e015e3d06f5c097f4 12718083 1624823569 6/27/2021 19:52 0xbe288cd34a699e30146442e622322b64ac64228f 0xd6d6ad62f4be72db1cef43a48742d3b23d6e99f8 125 Transfer
0x42bfc290cb6ed3d49ca5578b5e9ff28ba54b794b10faeae83485fa593dec9999 12723970 1624903036 6/28/2021 17:57 0x4529ec4aa7757bca75353f27d01db7a50fa9a608 0x368e8b6422f56111668d5b7ff81ce96461d9a40d 260 Transfer
0x38358ec0727e143c6eab8bcc787a6ecce470977c65fb8b2f58fc7a8dafe58bf7 12730943 1624996581 6/29/2021 19:56 0xbe288cd34a699e30146442e622322b64ac64228f 0x39fa7c4c564c5a2014b11e3ed9faecb89663d8ce 125 Transfer
0x2a3bb506f249133f0f65237d9a1727249cee8eadfe4051e19891c62deeefec4c 12730946 1624996608 6/29/2021 19:56 0xbe288cd34a699e30146442e622322b64ac64228f 0x39fa7c4c564c5a2014b11e3ed9faecb89663d8ce 125 Transfer
0xeaa6322f1574a8065f81d7728c19f6d97cbabc2c7b036a683985fe371021ec0c 12730954 1624996714 6/29/2021 19:58 0xbe288cd34a699e30146442e622322b64ac64228f 0xf9a3b848bd3a58b0cf6ac9dd6d3595a3c169df84 125 Transfer
0x9b3ce4f4ac30cd773bbb1b8213a945c12772f88789ee90bace5880e82d73dd77 12730954 1624996714 6/29/2021 19:58 0xbe288cd34a699e30146442e622322b64ac64228f 0x0ccd7efedb6b32294244668f5e52a3e7496a1e44 250 Transfer
200,000 or 2,000,000
Your company is going to get suspended, my guess is 4th week in November, that is when the SEC usually announces a long string of suspensions.
2.5mm has been omitted on financial statements. On a scale of 1-10 on the suspension meter, this is as high as its gets.
WHY? because the company reports 0 revenue.
Meaning this was not an innocent accounting error.
The press release and archive website seals the fate of DSCR, and deliver this company down the path of Suspensionville and furhter, to the land of SEC Enforcement investigation.
Anyone who reads the trail of evidence we have discovered, finds it shocking that the SEC has yet to take action. My money is on the SEC, slow to the fire but will have a pressence here shortly.
DSCR is company that discovered it is easier to sell stock then execute on its business model.
This company public stock trading needs to be shut down. Unitl the missing $2,500,000 in the DSC Coin is disclosed to the minority shareholders.
This disclosure (DSC Coin and omission of $2,500,000 on mandatory OTC Markets Reports) needs to come from the company in a formal communication (press release or disclosure document).
Presently the company is communicating through selected members of this community like FREZ.
The combined conduct of both above, makes me feel that this suspension of DSCR is just a matter of time.
Question when the SEC suspends DSCR, what are the chances that everyone's investment in this company will be worthless.
Answer 100%
Your not selling LMAO
How else are you getting paid!!!
Stock down 70% last month, no disclosures. $2.5 million concealment of income. 6,000,000,000 shares outstanding, with 0 ZERO REVENUE
ZERO Revenue,
2.5 million dollars missing
6,000,000,000 shares issued.
This stock is WORTHLESS, when it gets suspended for inadeauate financial information, it will never survive.
Do your homework, 6 weeks no updates ---- WAKE UP ----
Shorts LMAO 6,000,000,000 Outstanding shares, shell risk, 0 revenue and $2,500,000 undisclosed embezzlement of DSC Coin.
The only place this stock is going is the the land of excuses and storyville.
SEC Suspension coming - 6,000,000,000 outstanding shares, 0 revenue, and embezzlement of $2,500,000.
Since delisting, in September 27, 2021, DSCR is down 63%. No word from company, only select private communications with FRES, BIG RED FLAG
PROOF of DSCR Embezzlement of $2,500,000
-20.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.
What else is the company telling you, that it is not sharing with the shareholders.
Did they tell you why there is no clarrification on the omitted $2,500,000 or why they communicate with you but no one else.
What is your compensation arrangement with the company FREZ, would like to know.
You seem to forget the glaring white elephant in the room, the $2,5000.0000 coin sales were UNIDSCLOSED in the Mandatory Financial reports as filed with the OTCmarkets.
This is called embezzlement.
No clarificaiton by company only 1 line snarky answers from stock promoters ANOTHER RED FLAG...
6,000,000,000 outstanding shares, 0 revenue, and embezzlement of $2,500,000.
Since delisting, in September 27, 2021, DSCR is down 63%. No word from company, only select private communications with FRES, BIG RED FLAG
PROOF of DSCR Embezzlement of $2,500,000
-20.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.
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.
Don't worry we found the archive of:
4.1 Deleted web site 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.
You and I see it in a different light, and I appreciate the opportunity of a dialogue. Through one, a rapid exchange of ideas and perspectives can be shared. To one day plant seeds of thought with hopes of its blossoms bearing intellectual fruit, from such exchanges of knowledge and perspective.
On that note my respect to you.
From that I write, corruption and securites fraud are kissing cousins in the damage they inflict, and the misery they cause. They hide in the false promises that never came, the wasted time and energy, of an undisclosed agenda.
We rarely get to see the effects of these crimes, because the true victims are the lost opportunities which are quickly forgotten. How many other opportunities did this deal steal from? How many American Dreams usurped, so these people could do what they got caught doing?
Now apply this rare opportunity to set alongside a backdrop of a criminal trial. USA vs Richardson (Eastern Disrtrict of PA filed 9/30/2021), This trial is going into the mechanics of stock promotion, undisclosed control people, crooked securities attornies recividist securities fraud violators, CPAs, Lawyers Transfer Agents, the whole machine under the microscope.
Pleas have been entered as early as June 2021, with trial set for June 2022.
What the "Wolf of Wall Street" glorified, we will be able to put the human face of the suffereing and dispair of the victims, the opportunities that never became.
The truth that this type of greed is killing the American Dream. More importantly how can Congress reshape new securities laws that allow the SEC to be more proactive in shutting down these type of blatant violators, before companies like DSCR can do what we are observing in real time, that they are doing today.
Unfortunatly I am not hear to piss in your punchbowl, and I am, for that I am sorry. The truth is the truth, the links are the links, the research is grounded, triangulated and checked for accuracy. I would give it a C+ on write up and an A+ on discovery and fact check.
My complaint is that they sold $2,500,000 in DSC Coin Etherscan.io, never deleivered on the purchase and when an email was went it bounced back as undeliverable.
That is how this was uncovered, and why we find it so interesting in the macroeconomic audience we are trying to appeal to. I just wish the company would amend their disclosures, explain the error and go on.
I don't think the company can, and with no offical word from the company in the backdrop to the harassment I have had to endure on the message boards. More questions start to rise than answer available. Just adds to the Red Flags, and why this company is the perfect lead for our macroecon narrative.
I figured I would catch some honest traders who would help warn others. Unfortunatley I am coming to the conclusion that traders are as immoral as the crooked issuers they trade.
Feel free to spread what is discovered, it is black and white obvious. Anyone on a desktop can cut and past links and discover the holes, omissions and concealment that I stumbled upon.
How this is allowed to "breathe" in the cracks of buearcratic tug of war is besides me, and begs to be written as a critique for positioning into a Congressional Oversight Investigation.
Different topic, and different angle, we see our documentary as an espose of all the differnet coordinaiting morally bankrupts elements needed to make a scam work.
Our Template is the US Govt Case against Ricardo Richardson, Edward Heil, Gary WOlf, Johl Stohlman and Scott Watkins.
In the superceding indictment, the Govt. really lays out the case of how these type of companies. Companies that found it easier to sell stock than execute on a business model, how they operate, how they get financing, the cost of that financing, and the dark underbelly of dark pool money in propelling all of this.
DSCR popped on our radar screen due to a coin purchase that the company has not aknowledged or refunded. It led into a full analysis of what was going on when we discovered that the Coin Sales that DSCR Announced on May 11, 2021, and sold / transffered $2,537,000 was never disclosed in mandatory OTC for period ending 6/30/2021 financial report for DSCR.
The company has to this point never clarified this, not in a press release, not in a disclosure document.
This conduct by management is the textbook definition of INADEQUATE FINANCIAL INFORMATION, as defined by SEC Section 12(k).
Kinda of sad, I don't want to see innocent people lose money on this. My only motivation is justice, that is how I roll. Our documentary is about identfying the dark underbelly of stock promotion and small cap finance. More of a policy piece that hopefully lead to tougher and stronger transparency laws. This type of conduct needs to be punished, not rewarded.
This is just found dirt by the road.
Peace
FACTS PART 5
Non Disclosure of Discovery Mineral Coin - Due Diligence
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Do you due diligence, copy and paste links find the holes that I have, and ask yourself, do I want to be holding shares in a company that omits the reporting of Coin sales and goes as far as shutting down there website at https://disocverymineralscoin.com.
The SEC in my experience has suspended companies under SEC Section 12(k) for a lot less. I don't want to see innocent shareholders waking up one morning seeing their investment in this company being suspended.
Please - experienced shareholders chime in, not the paid promoters with snide 1 liners. I am talking about investors who see the due diligence presented, and realize the company has a lot of open questions here.
There past reputation is horrible in addressing these questions, and filing necessary paperwork. I truly feel the SEC is going to suspend this company.
FACTS Part 4
Part 4 Due Diligence Discovery Mineral Coin
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
Token Discovery Mineral Coin
Max Total Supply: 210,000,000 DSC
Holders: 129
Transfers: 190
Contract: 0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
Decimals: 18
Social Profiles:
Not Available, Update ?
FACTS Part 3
Discovery Minerals COIN Due Diligence Part 3
https://web.archive.org/web/20210529180533/https://discoverymineralscoin.com/privacy/
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FACTS Part 2
Discovery Minerals COIN Due Diligence Part 2
https://web.archive.org/web/20210720152209/https://discoverymineralscoin.com/about-us/
About Discovery Mineral Coin
Discovery Minerals Ltd. (OTC PINK: DSCR) is an acquisition and development company that targets natural resource properties and cutting-edge technology opportunities through its subsidiaries.
The Board of Directors has determined that these activities be continued with an emphasis on early positive cash flow from any projects undertaken.
FACTS Part 1
Part 1 Discovery Minerals COIN - Due Diligence
Wayback Machine https://discoverymineralscoin.com/terms/
taken down by company
Archive dated July 21,2021
https://web.archive.org/web/20210921221739/https://discoverymineralscoin.com/terms/
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THE SOFTWARE IS PROVIDED “AS IS”, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OF THE SOFTWARE, EMPLOYEES AND AFFILIATES OF DISCOVERY MINERAL COIN, COPYRIGHT HOLDERS, OR DISCOVERY MINERAL COIN. BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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We retain all right, title, and interest in and to the Content and all of Discovery Mineral Coin’s brands, logos, and trademarks, including, but not limited to, Discovery Mineral Coin, Discovery Mineral Pay, Discovery Mineral Coin –Discovery Mineral Coin App, Discovery Mineral Copay, Discovery Mineral Coin Prepaid Card, and variations of the wording of the aforementioned brands, logos, and trademarks.
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This Agreement, and its application and interpretation, shall be governed exclusively by the laws of Canada, without regard to its conflict of law rules. You consent to the exclusive jurisdiction of the federal and provincial courts located in or near Quebec, Canada for any dispute arising under this Agreement.
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In the event any court shall declare any section or sections of this Agreement invalid or void, such declaration shall not invalidate the entire Agreement and all other paragraphs of the Agreement shall remain in full force and effect.
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The terms and provisions of this Agreement are binding upon Your heirs, successors, assigns, and other representatives. This Agreement may be executed in counterparts, each of which shall be considered to be an original, but both of which constitute the same Agreement.
You assume any and all risks associated with the use of the Software. We reserve the right to modify this Agreement from time to time.
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TERMS UPDATED ON APRIL, 3 2020
These Merchant Terms of Use (“the Terms”) govern your use of the products, services or any other features, technologies or functionalities (the “Services”) provided by Discovery Mineral Coin (Discovery Mineral Coin, we, our, or us) through Discovery Mineral Coin’s website, API or through any other means. The terms “you” and “your” refer to the merchant to which we will be providing the Services and the person signing below or otherwise agreeing to the Terms on behalf of the merchant. Please read the Terms carefully; by using the Services, you agree to the Terms and confirm that you accept them.
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We are a cryptocurrency payment processor. We enable you to accept cryptocurrency as payment for goods or services, and process cryptocurrency payments that you receive from your customer (Purchaser). We are not a crypto exchange or a place to purchase or sell cryptocurrencies. Our Services are only available to businesses that sell a product or services or to registered charitable organizations that accept donations. By using the Services, you authorize us to act as your agent so we may receive, hold and disburse funds on your behalf and to take any and all actions that we think are necessary to provide the Services and to comply with applicable law. Payment by Purchaser to Discovery Mineral Coin will be considered the same as payment made directly to you and will extinguish the Purchaser’s outstanding obligation, to the extent of the payment.
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2.1 Generally
In order to use the Services, you must open an Discovery Mineral Coin merchant account. When you open an account, we will ask you for contact information such as your name, phone number, email address, and information relating to the ultimate beneficial owner or the most senior individual from the organization. We will also ask you for information on your business, including your business’s legal name or DBA, physical address of the business, and your company’s website. The information that you provide at the time of account opening must be accurate and complete and you must inform us within ten business (10) days of any changes to such information. We may require additional information from you (including any person signing below or otherwise agreeing to the Terms on behalf of the merchant) to help verify your identity and assess your business risk, such as your date of birth, tax identification number, or government-issued identification. We may also obtain information about you from third parties, such as credit bureaus and identity verification services. We have the right to reject your account registration or to later close your Discovery Mineral Coin account, if you do not provide us with accurate, complete, and satisfactory information.
Discovery Mineral Coin is operated by Discovery Mineral Canada, Inc. and is a subsidiary of Discovery Mineral, Inc. that is registered with FinCEN in the United States and Fintrac in Canada as a money transmitter. As a regulated business, Discovery Mineral Coin is required to comply with the Bank Secrecy Act, which requires Discovery Mineral Coin to verify merchant identities, maintain records of currency transactions for up to five years and report certain transactions. In the event that a merchant account is closed by Discovery Mineral Coin or at the request of the merchant, even without completing the onboarding process or performing a transaction, records must be held as prescribed by law.
Discovery Mineral Coin imposes daily transaction processing limits on merchants. When you register for a Discovery Mineral Coin account, you will be required to select the limit (“the Tier”) that will apply to your Discovery Mineral Coin account, and to provide us with the documentation necessary to qualify for that Tier.For certain industries, Discovery Mineral Coin may ask for additional verification documents. We will not begin to process payments on your behalf until we have reviewed the documentation that you provide, in accordance with applicable law. If you wish to change to a Tier with a higher limit, you must provide us with the additional required documentation. We will not approve your request to change Tiers and permit you a greater processing volume unless and until we have reviewed your documentation to our satisfaction. Please also refer to Section 3.1, Daily Transaction Volume Limits.
2.2 Guarding your Password
You will choose a password when registering your account. You are responsible for maintaining the confidentiality of your password and account access information. You are fully responsible for all activities that occur with the use of your password or account. Please notify us immediately of any unauthorized use of your password or account or any other breach of security. If you share your password with others we will not be liable for any loss that you may incur as a result of someone else using your password or account, either with or without your knowledge. You may not allow other merchants to use your account. You may not use anyone else’s password at any time.
Your Sales
3.1 Daily Transaction Volume Limits
Discovery Mineral Coin imposes daily and annual transaction processing limits on merchants. When you register for a Discovery Mineral Coin account, you will be enabled to transact at the Basic Tier level. At Discovery Mineral Coin’s discretion, and based on Discovery Mineral Coin’s risk assessment of your business, transaction capabilities may not be enabled until additional documentation or information regarding you and your business is collected and verified. Requests to increase your processing limit will not be approved unless and until we have reviewed your documentation to our satisfaction and have confirmed the accuracy and authenticity of the information therein.
3.2 Invoices and Records
You must keep all records needed for fulfilling the goods or services sold to the Purchaser and providing any post-sale support to the Purchaser. If the sale of the item requires any government registration of the sale, you are responsible for such registration. Discovery Mineral Coin is required to maintain records of all documentation and information collected for your merchant account for the duration that your account is active, and up to 5 years thereafter.
3.3 Customer Verification
Consistent with your local laws and regulations, you are solely responsible for obtaining any information required of those who purchase your goods or services. For instance, if applicable law prohibits a sale to persons under the age of 18 years, you must ensure that a Purchaser is at least 18 years of age. Similarly, if applicable law requires that a Purchaser’s identity be verified, you must verify the Purchaser’s identity. We will not be responsible for your failure to adequately verify your Purchasers’ identities or qualifications.
3.4 Representation and Warranties
Use of the Services is subject to the laws and regulations of the United States and Canada regarding the prevention of terrorist financing and anti-money laundering. You agree and acknowledge that your use of the Services would and will comport with such laws and regulations, including, without limitation, the sanctions programs administered by the Office of Foreign Assets Control of the United States Department of the Treasury.
Your use of the Services is also subject to the following important restrictions:
You are at least eighteen (18) years old or older and have the right, power and contractual capacity to agree to these Terms.
Your use of the Services will not contravene any applicable international, federal, state or local law or regulation, including applicable tax laws and regulations.
Your use of the Services will not relate to the following prohibited activities:
Sales of narcotics, research chemicals or any controlled substances;
Sales of cash or cash equivalents, including items used for speculation or hedging purposes (such as derivatives), and the sale or trade of cryptocurrencies;
items that infringe or violate any intellectual property rights such as copyrights, trademarks, trade secrets, or patents;;
ammunition, firearms, explosives (including fireworks), or weapons regulated under applicable law or as determined by us; or
transactions that show the personal information of third parties in violation of applicable law;
transactions that support pyramid, Ponzi, or other “get rich quick” schemes;
transactions that are related to cloud-mining;
provide credit repair or debt settlement services;
any services which compete with Discovery Mineral Coin;
Explicit sexual content;
Sales of Kratom or Nootropics
If your use of the Services relates to one of the following restricted activities, your activities are subject to internal review and you are only allowed to transact when expressly authorized by Discovery Mineral Coin in writing:
Engaged in Foreign Exchange, Money Service Business activities (as defined by the Financial Crimes Enforcement Network of the United States Department of the Treasury) or E-wallets;
Engaged in selling cryptocurrency mining hardware;
Providing Currency exchange services;
Transaction that are associated with purchases of annuities or lottery contracts, lay-away systems, banking, offshore banking, transactions to finance, investing, investment related products or
Transactions that involve gambling or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, and sweepstakes, unless you have obtained our prior written approval and you and your customers are located exclusively in jurisdictions where such activities are permitted by law.
3.5 Our Right to Reject
We reserve the right to decline to process a sale if we reasonably believe that it violates these Terms or would expose you, other merchants, Purchasers, or other parties to harm. If we reasonably suspect that your Discovery Mineral Coin account has been used for an illegal purpose, you authorize us to share information about you, your Discovery Mineral Coin account, and your account activity with law enforcement.
3.6 Our Right to Inspect
We may ask for permission to inspect your business location in connection with your use of the Services, or documentation or evidence to support specific transactions. If you refuse our request, we may suspend or terminate your Discovery Mineral Coin account.
Third Parties
4.1 Your Use of Third-Party Services
In using the Discovery Mineral Coin website or the Services, you may be offered services, products and promotions provided by third parties. If you decide to use these third-party services, you do so at your own risk and are solely responsible for reviewing, understanding and complying with the associated terms and conditions. We expressly disclaim any liability for the third-party services and are not responsible for the performance of the third-party services or servicers.
4.2 Security
We have implemented security measures designed to secure your information from accidental loss and from unauthorized access, use, alteration or disclosure. However, we cannot guarantee that unauthorized persons will never gain access to your information, and you acknowledge that you provide your information at your own risk, except as otherwise provided by applicable law.
How we Collect, Use and Share Information
In order to provide the Services, we may share information about you and your Discovery Mineral Coin account with third parties, including but not limited to your bank and Purchasers.
5.1 Verification of Your Identity
In order to verify the information you submit via the account registration process as detailed in Section 2.1 (Generally) we may request information from various third parties, including credit bureaus and identity verification services. By accepting these Terms you authorize us to retrieve information about you by using third parties and acknowledge we may have to share the information you have previously submitted to do so.
From time to time Discovery Mineral Coin may engage third parties in order to assist in different aspects of the provision of our Services to you. You acknowledge and agree your use of the Services may require we share your information with these third parties who may need to review your eligibility to use the Services according to their own verification procedures.
Our Ownership of the Services and the Discovery Mineral Coin Website
You agree and acknowledge that we own all right, title and interest to and in the Services, the associated software, technology tools and content, the Discovery Mineral Coin website, the content displayed on the website, and other materials produced by and related to Discovery Mineral Coin (collectively, the Discovery Mineral Coin IP). You are only permitted to use the Services and the Discovery Mineral Coin IP to accept and receive payments, according to these Terms. When you accept the Terms, we grant you a personal, limited, revocable and non-transferable license to use the Discovery Mineral Coin IP, without the right to sublicense. You shall not rent, lease, sublicense, distribute, transfer, copy, reproduce, download, display, modify or timeshare the Discovery Mineral Coin IP or any portion thereof, or use the Discovery Mineral Coin IP as a component of or a base for products or services prepared for commercial sale, sublicense, lease, access or distribution. You shall not prepare any derivative work based on the Discovery Mineral Coin IP, nor shall you translate, reverse engineer, decompile or disassemble the Discovery Mineral Coin IP.
Advertising
By using the Services, we may publish your corporate name, URL, artwork, text, logo, and other publicly available information about your business (“Merchant Content”) to Discovery Mineral Coin’s promotional materials and all marketing channels. A third party may use Discovery Mineral Coin’s publicly-available Merchant Content and tailor the data to create entries for directories or other channels, and the data listed on third party directories or channels will be subject to separate third party terms of use.
You represent and warrant to us that you have the right to provide the Merchant Content to us, and that the use, copying, modification and publication of the Merchant Content by us: (a) will not infringe, violate or misappropriate any third party copyright, patent, trade secret or other proprietary rights, (b) will not infringe any rights of publicity or privacy, and (c) will not be defamatory or obscene or otherwise violate any law.
Invoices & Settlement
8.1 Invoice Generation and Exchange Rate Guarantee
Discovery Mineral Coin’s hosted invoice UI shall be used. To create an invoice for your Purchaser, you may post a request to Discovery Mineral Coin to collect a specific amount in your local currency, such as Dollars or Euros, or in any of the supported cryptocurrencies. Discovery Mineral Coin will pull the exchange rate, where applicable, and provide the payment instructions to you for you to display to the Purchaser. We guarantee the exchange rate to you as long as the Purchaser pays within the proper time window after the invoice is created. Invoice timeout information is clearly displayed on each Discovery Mineral Coin invoice. While we guarantee the exchange rate as long as the Purchaser pays within such time window, you agree that you assume the volatility risk of your local currency or the applicable cryptocurrency. For instance, if you ask us to collect $150, and the Purchaser sends the cryptocurrency equivalent within the time window, we guarantee you will receive exactly $150, minus our fee if applicable. We do not, however, guarantee the value of the U.S. dollar.
For any payments that are made using the bitcoin blockchain, an invoice is considered complete by us after the payment has six (6) block confirmations. You have the option to inform your Purchaser earlier about the status of the invoice; please note that Discovery Mineral Coin is not liable for settling invoices with a payment that never receives six (6) block confirmations. Discovery Mineral Coin employs techniques to detect payments that are at risk of never receiving six (6) bitcoin block confirmations, however these measures do not completely eliminate the risk associated with unconfirmed payments.
8.2 Fees
8.2.1 Merchant Fees
We may charge service fees for merchants on based on available plans and monthly transaction volumes. Merchants paying Service Fees will have these fees offset against their applicable ledger balances.
If you issue a full or partial refund to your customers, the miner fee amount will be deducted from your merchant ledger balance. The deduction will be added as a separate entry in your Discovery Mineral Coin ledger after the refund is executed.
8.2.2 Purchaser Fees
Network Costs
Discovery Mineral Coin may incur a cost (“Network Cost”) to sweep an incoming cryptocurrency payment. These Network Costs are included in the invoice total and are paid by the Purchaser. The Network Costs are not returned when a refund is executed. Purchaser has the discretion to decide to pay or not pay an invoice after it has been created.
Miner Fees
Cryptocurrency transactions may require a miner fee. These miner fees are automatically created by the Purchaser’s wallet and sent to the miner. These miner fees are not Discovery Mineral Coin fees. The miner fees paid to the Network are not returned when a refund is executed.
We reserve the right to change our fee structure and pricing. Your continued use of the Services after we notify you of any changes in our fees constitutes your acceptance of such change.
8.3 Methods of Settlement
We will verify the Purchaser’s payments over the cryptocurrency peer-to-peer payment network and post the balance to your accounting ledger, according to your preference settings. The debits and credits to your accounting ledger are funds temporarily held by Discovery Mineral Coin until settlement to your bank account can take place. You can receive a settlement in your local currency, in any of the supported cryptocurrencies, or in a mixture of both. You assume volatility risks of the currency in which you choose to settle.
8.3.1 Settlements in Local Currencies
Direct deposit to a bank account in a local currency may be available to merchants located in certain countries. If you wish to receive direct deposit settlements, you must provide us with valid bank account information and keep such information current. We will send merchants a wire transfer to your bank account to clear out your accumulated ledger balance each business day. If you are using the Starter plan, we will settle the accumulated ledger balance on a weekly basis. If you are accepting any portion of your settlement in a supported cryptocurrency, we will settle to your wallet on a daily basis. Minimum settlement amounts apply; We will charge you the applicable wire fees. Settlements might be initiated from a bank account held in the name of Discovery Mineral Coin Inc. or Discovery Mineral, Inc or Discovery Mineral Canada, Inc.
8.3.2 Your Bank Account
You must provide us with written notice at least one (1) business day prior to closing your bank account. If you wish to continue to receive direct deposits, you must provide us with information for a substitute bank account. You are solely liable for all fees and costs associated with your bank account and for all overdrafts. You are also liable to us for any fees that we may incur based on your provision of inaccurate information or instructions. You authorize us to initiate electronic credits to your bank account at any time, as necessary to process your transactions. We will not be liable for any delays in receipt of funds or errors in bank account entries caused by third parties.
8.3.3 Settlements in a Supported Cryptocurrency
Any supported cryptocurrency accepted by Discovery Mineral Coin on your behalf must be settled to a cryptocurrency wallet that you provided. Payments in any of the supported cryptocurrencies are sent to your designated wallet address, at least once per calendar day. Discovery Mineral Coin is not liable for any losses incurred as a result of improperly reported or designated wallet addresses that you provide.
8.3.4 Refund Reserve
With your explicit consent, Discovery Mineral Coin can set a refund reserve. You can use the refund reserve to refund Discovery Mineral Coin invoices (e.g., when goods/services are not delivered) or to fund cryptocurrency payout requests. Once the refund reserve is set, Discovery Mineral Coin does not settle the refund reserve amount. Pending refunds are deducted from your refund reserve. If no refund reserve is set, pending refunds will be deducted from the settlement amount.
Discovery Mineral Coin does not own or control the underlying software protocols that govern the operation of cryptocurrencies supported on our platform. In general, the underlying protocols are open source, and anyone can use, copy, modify, and distribute them. Unless explicitly mentioned on our website or in our Terms, we do not support or process payments for unsupported payments, coins, tokens, or blockchain forks, collectively known as Unsupported Payments (“UP”). Discovery Mineral Coin assumes absolutely no responsibility whatsoever in respect to UP. Discovery Mineral Coin is only liable for the cryptocurrency ledger balance selected in your refund reserve or payout preference.
8.3.5 Settlement Minimum
Discovery Mineral Coin settles once the settlement amount is above the settlement minimum. The standard settlement minimums is $250 USD.
8.4 Payment Exceptions
In certain situations when an invoice is not fully paid or overpaid, it will result in a payment exception. You can resolve payment exceptions from the Discovery Mineral Coin merchant dashboard.
Discovery Mineral Coin incurs miner fees to refund a payment. If the Purchaser requests a refund for a Payment Exception, Discovery Mineral Coin will deduct the miner fees from the refund amount.
8.4.1 Underpayments
Underpayments occur when the Purchaser sends less than the full amount required to mark the invoice as fully paid. Since the invoice is not fully paid or complete, the funds do not get applied to the merchant ledger. Discovery Mineral Coin will send an email to the Purchaser allowing the Purchaser to request a refund for the partial payment. The Purchaser also has the ability to request a refund of the partial payment directly from the invoice. If you want to accept underpayments, you can enable this in your Discovery Mineral Coin merchant dashboard. In this case Discovery Mineral Coin will adjust the invoice price to the amount paid, instead of refunding the underpayment.
8.4.2 Overpayments
Overpayments occur when an invoice receives excess funds. In cases such as this, this invoice passes through the state of being paid in full and is marked as an overpayment. Once the invoice is status is “complete”, the funds to mark the invoice as fully paid are applied to the merchant ledger. However, the excess funds are not applied. Discovery Mineral Coin will send an email to the Purchaser allowing the Purchaser to request a refund for the excess funds. The Purchaser also has the ability to request a refund of the excess funds directly from the invoice.
8.4.3 Orphan Payment
Orphan Payments occur when a transaction is received outside the time window referenced in Section 8.1 (Invoice Generation and Exchange Rate Guarantee). Any payments sent to the expired address will show up in Discovery Mineral Coin’s system as an orphan payment. For more information or to resolve orphaned payments, either you or the Purchaser will need to contact us at support@discoverymineralscoin.com with the appropriate information.
8.4.4 Unsupported Payments
For an overview of the currently supported cryptocurrencies, please refer to discoverymineralscoin.com. Unless explicitly mentioned on our website or in our Terms, we do not support or process payments for any digital assets other than Bitcoin, Ethereum and PURE Stable Coin. Purchasers should not pay any Discovery Mineral Coin invoice or send un-supported cryptocurrencies to a Discovery Mineral Coin address. If a Purchaser transmits a un-supported cryptocurrencies, the Purchaser may lose any perceived value in the un-supported cryptocurrencies. Additionally, the Merchant and the Purchaser agree that Discovery Mineral Coin assumes no responsibility whatsoever in respect to that un-supported cryptocurrencies and the Merchant and the Purchaser will not be able to recover the un-supported cryptocurrencies from Discovery Mineral Coin. Discovery Mineral Coin assumes absolutely no responsibility whatsoever in respect to un-supported cryptocurrencies.
8.4.5 Unclaimed Property
If a payment exception is made and Discovery Mineral Coin receives cryptocurrency, and Discovery Mineral Coin is unable to contact you or the Purchaser and has no record of you or the Purchaser’s use of the Services for several years, applicable law may require Discovery Mineral Coin to report these funds as unclaimed property to the applicable jurisdiction. If this occurs, Discovery Mineral Coin will try to locate you or the Purchaser using the notification information shown in our records, but if Discovery Mineral Coin is unable to locate you or the Purchaser, it may be required to deliver any such funds to the applicable state or jurisdiction as unclaimed property. Discovery Mineral Coin reserves the right to deduct a dormancy fee or other administrative charges from such unclaimed funds, as permitted by applicable law.
8.5 Certain Deferrals
If we need to conduct an investigation or resolve any pending dispute related to your Discovery Mineral Coin account, we may delay settlement or restrict access to your funds while we do so. Additionally, we may delay settlement or restrict access to your funds if required to do so by law, court order or at the request of law enforcement.
8.6 Account Information
You will have access to account information detailing your ledger and transaction and settlement history through your merchant account. Should you identify an error, you must notify us within thirty (30) calendar days of the ledger entry posting.
Refunds and Adjustments
9.1 Refund Procedures
Discovery Mineral Coin can facilitate cryptocurrency refunds on your behalf. You can decide to issue a partial refund or refund the full amount of the initial purchase. You can also decide whether to issue the refund denominated in your local currency or in a supported cryptocurrency. If you do not have enough funds in your Discovery Mineral Coin account to cover the refund, Discovery Mineral Coin may require you to deposit a cryptocurrency or fiat to Discovery Mineral Coin to cover the refund to the Purchaser. Any required currency conversion during the refund process will be calculated at a spot rate determined by Discovery Mineral Coin.
9.1.2 Requirement of InvoiceID or Tag to Ensure Refund of Payment Exceptions for XRP
Because all XRP invoices share the same address, you must ensure that payment transactions include either an invoiceID or return the same value sent in the original tag by Discovery Mineral Coin so we can identify your payment. At least one of the required invoiceID or the original value in the tag fields will be included along with the invoice. If a purchaser is using a payment-protocol enabled wallet, the invoiceID will automatically be included in any XRP transaction. If an XRP transaction is sent to our account without either the invoiceID tag or the tag information, there is no guarantee that we can determine who it came from and therefore Discovery Mineral Coin will not be able to provide a refund.
9.2 Disclosure of Your Refund Policy
Discovery Mineral Coin is not responsible for Merchant refund policies. We do suggest Merchants have a clear refund policy for their customers (including, if applicable, “no refunds are allowed as all sales are final”). For certain industries, a refund policy may not be applicable (e.g. where a service is provided). If refunds are permitted, we recommend you to refund the amount of the initial purchase in the currency in which the item was priced.
9.3 Purchaser Complaints
Purchasers filing complaints with Discovery Mineral Coin about a purchase will be forwarded to you for resolution. Discovery Mineral Coin reserves the right to terminate accounts which receive excessive complaints.
9.4 Merchant Complaints
Merchants filing complaints regarding our processing service should complaints via email, phone or mail at support@discoverymineralscoin.com or 1.800.204.6203, or 3500 De Maisonneuve West, Suite 2401, Westmount, QC , 3Z 3C1, respectively.
10 Account Termination
10.1 Your Right to Close Your Account
These Terms apply only for as long as you use the Services. Once you cease using the Services, these Terms no longer apply, subject to Section 14.11 (Survival). You may close your Discovery Mineral Coin account at any time. You will still be obligated to us for any fees incurred, if applicable, before the closure and we will remit to you funds not yet paid to you and associated with pre-closure sales. If your account balance is below our documented minimum transfer amount, you may be responsible for any applicable transactions fees that may be incurred in the funds transfer.
10.2 Our Right to Close or Suspend Your Account
We may terminate your account, at our discretion, upon notice to you via email or phone communication. We may also suspend your access to the Services if we suspect that you have failed to comply with these Terms, pose an unacceptable fraud risk to us, or if you provide any false, incomplete, inaccurate or misleading information. We will not be liable to you for any losses that you incur in connection with our closure or suspension of your account. Additionally, if your merchant account does not have a paid transaction for more than twelve consecutive months, Discovery Mineral Coin reserves the right to suspend your account, disabling processing capabilities.
10.3 Effect of Account Closure
If your Discovery Mineral Coin account is closed, you agree: (a) to continue to be bound by these Terms, as required by Section 14.11 (Survival) (b) to immediately stop using the Services, (c) that the license provided under these Terms shall end, (d) that we reserve the right (but have no obligation) to delete all of your information and account data stored on our servers, and (e) that we shall not be liable to you or any third party for termination of access to the Services or for deletion of your information or account data.
11 Indemnification
You agree to indemnify Discovery Mineral Coin, its affiliated and related entities, and any of its officers, directors, employees and agents from and against any claims, costs, losses, liabilities, damages, expenses and judgments of any and every kind (including, without limitation, costs, expenses, and reasonable attorneys’ fees) arising out of, relating to, or incurred in connection with any claim, complaint, action, audit, investigation, inquiry, or other proceeding instituted by a person or entity that arises or relates to: (a) any actual or alleged breach of your representations, warranties, or obligations set forth in these Terms; (b) your wrongful or improper use of the Services; (c) the products or services sold by you through the Services, including but not limited to any claims for false advertising, product defects, personal injury, death or property damage; or (d) any other party’s access or use of the Services with your account information.
12 No Warranties
WE PROVIDE THE SERVICES ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND YOUR USE OF THE SERVICES IS AT YOUR OWN RISK. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE PROVIDE THE SERVICES WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED (INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT). WITHOUT LIMITING THE FOREGOING, WE DO NOT WARRANT THAT THE SERVICES (AND OUR WEBSITE): WILL OPERATE ERROR-FREE OR THAT DEFECTS OR ERRORS WILL BE CORRECTED; WILL MEET YOUR REQUIREMENTS OR WILL BE AVAILABLE, UNINTERRUPTED OR SECURE AT ANY PARTICULAR TIME OR LOCATION; ARE FREE FROM VIRUSES OR OTHER HARMFUL CONTENT. WE DO NOT ENDORSE, WARRANT, GUARANTEE OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE OFFERED OR ADVERTISED BY A THIRD PARTY THROUGH THE SERVICES OR THROUGH OUR WEBSITE, AND WE WILL NOT BE A PARTY TO NOR MONITOR ANY INTERACTIONS BETWEEN YOU AND THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES.
13 Limitation of Liability
IN NO EVENT WILL WE BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES OR ANY LOSS, THEFT, DISAPPEARANCE, OR DAMAGES FOR LOST PROFITS, LOST REVENUES, LOST DATA OR OTHER INTANGIBLE LOSSES THAT RESULT FROM THE USE OF, INABILITY TO USE, OR UNAVAILABILITY OF THE SERVICES, REGARDLESS OF THE FORM OF ACTION AND WHETHER OR NOT WE KNEW THAT SUCH DAMAGE MAY HAVE BEEN INCURRED. IN NO EVENT WILL WE BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DAMAGE, LOSS OR INJURY RESULTING FROM HACKING, TAMPERING, VIRUS TRANSMISSION OR OTHER UNAUTHORIZED ACCESS OR USE OF THE SERVICES, YOUR Discovery Mineral Coin ACCOUNT, OR ANY INFORMATION CONTAINED THEREIN. IN NO EVENT WILL OUR LIABILITY FOR ANY DAMAGES ARISING IN CONNECTION WITH THE SERVICES EXCEED THE FEES EARNED BY US IN CONNECTION WITH YOUR USE OF THE SERVICES DURING THE 6 MONTH PERIOD IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM FOR LIABILITY. THE FOREGOING LIMITATIONS OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.
14 Miscellaneous
14.1 Taxes
You are responsible for determining any and all taxes assessed, incurred, or required to be collected, paid, or withheld for any reason in connection your use of our software and services (“Taxes”). You also are solely responsible for collecting, withholding, reporting, and remitting correct Taxes to the appropriate tax authority. We are not obligated to, nor will we determine whether Taxes apply, or calculate, collect, report, or remit any Taxes to any tax authority arising from any transaction.
If in a given calendar year you receive (i) more than $20,000 in gross amount of payments and (ii) more than 200 payments, Discovery Mineral Coin will report annually to the Internal Revenue Service, as required by law, your name, address, employer identification number, the total dollar amount of the payments you receive in a calendar year and the total dollar amount of the payments you receive for each month in a calendar year.
14.2 Privacy Policy
Please see our Privacy Policy for information regarding how we collect and use information. The Privacy Policy is part of these Terms, so please make sure that you read it.
14.3 Assignment
You may not transfer or assign these Terms, or any rights granted by these Terms. You agree and acknowledge that we may assign or transfer these Terms.
14.4 Severability
Should any provision of these Terms be determined to be invalid or unenforceable under any law, rule, or regulation, such determination will not affect the validity or enforceability of any other provision of this Agreement.
14.5 Waivers
Our failure to assert any right or provision in these Terms shall not constitute a waiver of such right or provision, and no waiver of any term shall be deemed a further or continuing waiver of such or other term.
14.6 Entire Agreement
This Agreement including the Privacy Policy referenced herein, represent the entire understanding between us and you with respect to the matters discussed. Headings are included for convenience only, and shall not be considered in interpreting these Terms.
14.7 Notices
You agree to accept communications from us in an electronic format, and agree that all terms, conditions, agreements, notices, disclosures or other communications that we provide to you electronically will be considered to be “in writing”.
14.8 Governing Law; Arbitration
This Agreement will be governed by and construed in accordance with the laws of the Canada without reference to conflict of law or choice of law provisions, and applicable federal law (including the Federal Arbitration Act). If a disagreement or dispute in any way involves the Services or these Terms and cannot be resolved between you and us with reasonable effort, the disagreement or dispute shall be resolved exclusively by final and binding administration by the Canadian Arbitration Association (“CAA”), and will be conducted before a single arbiter pursuant to the applicable Rules and Procedures established by the CAA. You agree that the arbitration shall be held in the Quebec, Canada, or at any other location that is mutually agreed upon by you and us. You agree that the arbiter will apply the laws of Canada, consistent with the Federal Arbitration Act, and will honor and agree to all applicable statutes of limitation. You agree that, unless prohibited by law, there shall be no authority for any claims to be arbitrated on a class or representative basis, and arbitration will only decide a dispute between you and us. Arbitration proceedings must be initiated within one (1) year after the disagreement or dispute arises. If any part of this Arbitration clause is later deemed invalid as a matter of law, then the remaining portions of this section shall remain in effect, except that in no case shall there be a class arbitration.
14.9 Amendment
We may update or change these Terms from time to time by posting the amended Terms on our website. Such updates or changes shall be effective at the time of posting. If you continue to use the Services after we provide notice of such changes, your continued use constitutes an acceptance of the amended Terms and an agreement to be bound by them. If you do not agree to the amended Terms, you must close your Discovery Mineral Coin account per the termination section of this agreement and discontinue your use of the Services.
14.10 Force Majeure
Neither you nor we will be liable for delays in processing or other non-performance caused by such events as fires, telecommunications, utility, or power failures, equipment failures, labor strife, riots, war, nonperformance of our vendors or suppliers, acts of God, or other causes over which the respective party has no reasonable control; provided that the party has procedures reasonably suited to avoid the effects of such acts.
14.11 Survival
The provisions of Sections 3.4 (Representations and Warranties), 4.2 (Security), 6 (Our Ownership of the Services and the Discovery Mineral Coin Website), 7 (Advertising), 8.5 (Certain Deferrals), 11 (Indemnification), 12 (No Warranties), 13 (Limitation of Liability), and 14.8 (Governing Law; Arbitration) shall survive the termination of these Terms.
Market Maker Lawsuit - Compliance Department Official Notice
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Proof of Securities Fraud DSCR = FRAUD DISCOVERED!!!
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
The company is comitting fraud. This is going to hurt a lot of people who cannto afford to lose their money.
I am jumping up and down on this because it is BLATANT.
DOCUMENTED and PROVEN
You dont sell $2,500,000 worth of ANYTHING and at the same time report 0 REVENUE.
People that buy into this have no idea. The managment refuses to address this, and the only form of communication is from the paid promoters on this board.
I have seen the SEC suspend companies in the past for less, and I beleive I have a duty to warn innocent shareholders of what I have discovered. Some people would call it integrity, you will probalby need to look up the definition.
Why DSCR will get suspended by the SEC
DSCR FRAUD DISCOVERED!!!
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Boards are dead because they all have been suspended. You should do your homework.
When we started they were alive and well. Then we educated the shareholders, like what we are doing here.
Even though the boards are dead the PM's from previous shareholders is one of our sources of intel.
Funny to see the same message board pumps on these deals, and I thank you for pointing this out. Can you say future Scott Watkins.
DSCR does not issue a press release on this, and does not reply to my emails.
Yet FREZ, somehow has the "Batphone" to DSCR. The communication between the company and a select shareholder, is a violation of SEC Regulation FD (Fair Disclosure)
Another example of DSCR inedequate financial information. This selective communication hurts the minority shareholder.
SEC is FREZ a witness to non public communication from DSCR?
POST 105320 October 8, 2021
"...Hello,
Due to the high volume of emails, we will be having longer than normal response times. We apologize for the inconvenience but we are grateful for your support and patience.
DSCR is committed to transparency, and we are working tirelessly to ensure we have everything up to date on our website, social media and investor relations.
If you have questions about the coin, we will be issuing refunds. Please send a copy of receipts or purchasing agreements to us via email. Please allow 7 days for a response.
If you are inquiring about verified pink status on OTC, please know we have submitted all necessary paperwork and are awaiting updates as well.
If you are inquiring about The Ruby Mine or our JV, please know we have more details to be released in the next few weeks.
Thank you for your support. We appreciate all of our shareholders.
Best,
DSCR Team..."