Django of Securities Fraud
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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.
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.
Here is your proof
1. Etherscan.io report of DSC Coin including the 129 buyers
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2. Press Release from DSCR on release of DSC Coin on Ehterscan
https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Announces-Official-Launch-of-the-Discovery-Minerals-Coin?id=302333
3. Mandatory Filed report 8/16/2021 for period ending 6/30/2021. Showing Coin Sale in 1 & 2 above being omitted and materaially concealed in violation of Federal law.
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
You have no response other than an attack on the messenger, I get it your long or a paid promoter. You have a vested interest in someone buying your bag.
60% down in one month because it cannot be transparent.
DSCR has not disclosed the $2,500,000 it received in coin sales.
Here is your proof
1. Etherscan.io report of DSC Coin including the 129 buyers
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2. Press Release from DSCR on release of DSC Coin on Ehterscan
https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Announces-Official-Launch-of-the-Discovery-Minerals-Coin?id=302333
3. Mandatory Filed report 8/16/2021 for period ending 6/30/2021. Showing Coin Sale in 1 & 2 above being omitted and materaially concealed in violation of Federal law.
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
You have no response other than an attack on the messenger, I get it your long or a paid promoter. You have a vested interest in someone buying your bag.
I see this company as a SCAM, and trying to protect shareholders who are trying to make heads or tails of this. For what I have seen combined withthe Company "Unofficial" communication channel I am stating FOUL.
This company is off the rails, and is going to have to answer questions it refuses to address in public. Since September 27, 2021 DSCR is down 60%.
60% down in one month because it cannot be transparent.
Playing is all you do
DSCR is down 60% in one month because it cannot be transparent.
No we are on a crusade to burn down these scams when we find them. This deal came across our desk off our documentary parameters.
DSCR has not disclosed the $2,500,000 it received in coin sales.
Here is your proof
1. https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2. https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Announces-Official-Launch-of-the-Discovery-Minerals-Coin?id=302333
3. https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
You have no response other than an attack on the messenger, I get it your long or a paid promoter. You have a vested interest in someone buying your bag.
I see this company as a SCAM, and trying to protect shareholders who are trying to make heads or tails of this. For what I have seen combined withthe Company "Unofficial" communication channel I am stating FOUL.
This company is off the rails, and is going to have to answer questions it refuses to address in public. Since September 27, 2021 DSCR is down 60%.
60% down in one month because it cannot be transparent.
Fake/Real does not matter, one thing is ceratin none of it was disclosed.
Inadequate financial information, low bar to clear here under a Section 12(k) suspension. I can feel it in the air.
$2,500,000 was concealed, No revenue, no subsequent events, all of the COIN transfers, sales, whatever you want to call them, were omitted, materailly concealed, from mandatory financial statements.
Then the company instead of addressing this in a press release or official company communication, chooses a message board poster to be the relay of communication.
"...DSCR intends to refund all coin purchases..."
Seriously the DUMBEST MOVE EVER, I guess that is what happens when both or your attornies quit on you in the same day.
We have a lot, I would suggest start doing the low lying fruit research. Goto OTC markets pull up the latest financial report, read it and stop when you see 0 revenue.
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Then ask yourself a question, they sold $2,500,000 in coins and didn't report this as revenue.
Press Release Announcing Coin Venture
https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Announces-Official-Launch-of-the-Discovery-Minerals-Coin?id=302333
Results of Coin Sale Venture
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
It is that simple, the rest is icing on the Scam, nothing more.
Look up Ricardo Richardson Superceding indictment filed Eastern District of PA 9/30/2020.
Same addresses, CPA's lawyers undisclosed control people and promotional practices. besides that nothing.
Rinse and repeat boiler room scam, DSCR big and I mean big problem is the omission of the $2,500,000 in coin sales it concealed.
Make matters worse, no official announcement from company, and instead they communicate with a select shareholder to broadcast response on behalf of company on message board.
I have seen some stupid shit in my day, like Fred Schiemann's accounting, or Morgan Petitti denial of being a company's lawyer (when you have the retainer agreement and wire transfer remittance).
But the private communication to FREZ on this message board talking about coin refunds, has to be the dumbest and I mean dumbest thing I have ever seen an issuer do.
They really screwed the pooch here, it is not going to be a good time for DSCR, VIRA, IGRW, FITX, AIDC, ANVV, NHEL. I would not want to be Scott Watkins concealing how VIRA is the keystone in all of this. Can you say invalidated plea agreement.
Can you say Perp Walk
Scott Watkins and "Crying" Randy Hamden. If you have done business with them, consider yourself under investigation. They are literally crying in depositions, a lot of guilt and with plea agreements secured, they are all singing.
Conspiracy does not care when you entered of left, all that is needed is an overt act to tie you in. I feel a lot of you are going to have this discussion soon with a criminal lawyer. I think the message board pimps need to be hammered harder than the issuer.
DSCR is one of a long line of cleanups the SEC is processing. Nice to see the US Attorney's office in Boston, Philadelphia, and SDNY focusing on Microcap fraud. Allowing Eastern District of Virginia to focus resoirces on bigger stock scams.
No Reg A on FIle, No Reg A Mentioned in 6/30/2021 Mandatory filed report. Only mention of this attorney is from a non employee of DSCR, ie message board stock promoter.. RED FLAG
Still no mention of the $2,500,000 in coin sales. Pretty obvious when DSCR reports 0 ZERO in revenue.
Stick a fork in this SCAM, the lights are going out on this.
You don't omit $2,500,000 in revenue, from a mandatory financial report and not have blowback.
When the SEC understands how incredibly stupid this issuer is, will put it out of its misery with a trading suspension.
What was the stock price on September 26, 2021. how much is it down this month because the company can't or won't clean up it's corporate reporing errors. Can you say inedaquate financial information. I would start learning this statement and the context it applies to DSCR.
The difference in stock price is becasue the company refuses to be transparent, I wonder why no word from the company on this.
When the company answers this question I will move on.
Until then this is a company begging to be investigated and suspended by the SEC....begging. pretty pretty please with sugar on top, please suspend us.
NO ANSWERS FROM COMPANY - RED FLAG
Only Answers from paid stock promoters - RED FLAG
Suspension of trading alert
Inadeqaute financial information exist for DSCR. This board is filled with obvious stock touts, and even has gone as far as to infitrate the ADMIN section of the board.
This company has omitted from mandatory disclosure roughly $2,500,000 in sales from the Discovery Minerals COin (Ethereeum / Etherscan.io) Discovery Minerals Coin, symbol DSC.
Here is the report of 0 Revenue (SMOKING GUN) https://sec.report/otc/financial-report/296352
This is fraud and why the company has not issued a statement. Kinda of damn if you do, damn if you don't.
This deal is getting shut down, and in a parallel deal guilty parties are taking plea agreements.
Meaning that the fast and loose inflated press releases and touting of a deal with 0 REVENUE, is about to be called upon the SEC Carpet.
Expect suspension of trading, although it is in the land of unsolicited quotes and most major wirehouse are steering clear of the scam, I see the SEC Suspending this under Section 12(K) citing inadequate financial information, which I have laid out to 0 ZERO official rebuttal.
Stock promoters chiming in with their finacial ignorance and spelling mistakes should be first sign of manipulation. Where did you get these clowns, Craigslist.
DSCR, VIRA, IRGW, FITX, ANVV, AIDC, Ricardo Richardons, Scott Watkins, Edward Heil, Randy Hamden, Joel Stohlman, and the list keeps growing, have a nice day.
The only "misinformation" is DSCR non disclosure of $2,500,000 in Discovery Mineral Coin sales, not showing up as revenue on their mandatory filed 8/16/2021 for period ending 6/30/2021 reort as filed with OTC Markets.
This material concealment, is inadequate information at best, and begs the question of Money laundering Title 1856 (a & c) along with embezzlement.
Pretty easy to discover when DSCR reports 0 Revenue to OTC but on the press release dates 5.11.2021 and an www.etherscan.io look up of discovery minerals coin (DSC) shows $2,500,000 in sales.
When the plug gets pulled and this is suspeneded, you were given the warning with due dilignece to perform, I have a clear conscious going forward.
stock munlipation
Its called stock manipulation, unfortunately the SEC investigates issuers and undisclosed control people, which I am neither.
The FBI and SEC already have my information, I am a registered whistleblower. Kinda of like Django, I get paid for bringing you to justice.
With that said, let's talk about how DSCR omitted from their financial statements $2,500,000. That is something the SEC and FBI would be interested in. It is called embezzlement, money laundering and fraud.
You are unable to give a response because you are carrying the water of a stock promtion scam.
A scam discovered that it is easier to sell stock through inflated press releases and high sales tactics around FOMO, then to execute on a business model.
The FBI is more interested in someone who can't spell than they are about someon pointing out the obvious facts that you and you company are illegally concealling.
Last, I truly apprecaite you last message, hopefully investors on this board can understand now the level of ignorance you possess. You are nothing but a stock promoter, with horrible spelling, in otehr words a Male Stripper.
I cannot wait for the subpoenas on this deal to come out. Do you think your alias is going to hold up. Randy Hamden is singing like a canary.
Scott Watkins the engineer of this deal has plead guilty to manipulaitng FITC, AIDC, IGRW. At status conference this month, "...Mr. Watkins have you left anything out of your previous testimony...."
If Scott wants to maintain his "Cooperation" along with Joel Stohlman they are telling the US Attorney everything about DSCR, including Randy Hamden and Henry coordination in bribing of Phillpine officials in taking 600,000,000 shares of DSCR.
If not the plea goes out the window and everything they shared with the US Attorney (Eastern District of PA) is used against them in the Ricardo Richardson Criminal Trial (June, 2022).
My money is on Scott and Joel Rolling on Fred, Morgan, Justine, Henry and anyone else stupid enough to allign with these criminals. I have a feeling your that kind of stupid...
Maybe you didn't get the "memo" or you are just a co conspirator that doesn't have a seat when the music stops.
Understand 1 thing this company is committing fraud, it has been spelled out. Your denial and promtion of this after the fact can be considered an overt act, in furtherance of a conspiracy.
Your intent is to entice investors to buy this company after it has been estabilished that they EMBEZZLED $2,500,000.
STILL NO WORD FROM THE COMPANY OR ANYONE ON THIS
--- Run Forest Run, as anyone with common sense would do when reading the lack of disclosures here.
When this crashes we are going to expose the message board promoters, IH, Discord, Twitter. As a paid stock promoter, you can thank Randy Hamden, he does not hold up well under pressure, and even cried in depostion when confroneted on him not having an MBA. He cried, in front of a camera, wanting to go home to his sippy cup and teddy bear. The intestinal foritude of your group, is the equivalent of 5 year old kids drinking coffee for the first time.
You are nothing but a stock promoter, promoting a fraud, which makes you guilty as sin. I am onto all of you and how you control the message boards, via admin control and deletion. I am coming and will enjoy the next chapter of this documentary.
When the Stock promoters cry, you know your company is doomed. Dedicated to Randy Hamden, the MBA without the M, always crying always cooperating.
Henry 600,000,000 DSCR shares through him and Scott, man you must be losing sleep over this. Not a question of if only a question of when.
DSCR is never going to be able to satisfy OTC Pinks, been a month and stock has depreciated due to inadequate financial information.
TD sees that DSCR is:
1.Still a "Shell Risk";
2. Still omitted $2,500,000 of DSC Coin sales from 6/30/2021 Mandatory Quarterly reports with OTC filed on August 16,2021.
Statement Support
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Still sold 1,237,000 DSC Coins @ $2.00 per coin, from May 11, DSCR Yahoo Press Release on Coin Offering and 6/30/2021 the end of quarter for revenue reporting.
(https://etherscan.io) Discovery Minerals Coin. (DSC)
DSCR has to satisfy the OTC Market of 1 & 2 above...
They have to answer that question first and in public, not to a select member of this message board (FREZ), who then communicates this to select DSCR shareholders, all in violation of Reg FD. (Don't worry we have the deleted messages ---ALL of THEM----
Question of WHEN, not IF. You are an obstacle in the discovery of truth...NOTHING MORE
Suspension coming, TD wont approve it, that should tell you "What up" still a "shell risk" no word from management on ILLEGAL and Omitted DSC COIN OFFERING.
This is getting suspended, not a question of if, just when. Holding this over the weekend, takes serious balls or stupidity.
$2,500,000 omitted from disclosure on 6/30/2021 OTC Filed REPORT dated 8/16/2021
This is blatant reports no revenue, yet on May 11, press release launches DSC Coin on ethersca.io. Tansfers 1,237,000 coins @ $2.00 per and forgets to disclose this as revenue on its 6/30/2021 Manfartroy financial statments.
That is a material omission and deliberate concealment, in any for is spell inadequate financial information under Section 12(K) and this is more than enough for the SEC to suspend trading. Seen it done, to less flagrant violators.
FRAUD HERE = Suspension Later
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, this report can be found at OTC Markets for Symbol:DSCR filed date 8/16/2021.
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. Instead we get stock promoters attacking me.
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.
SEC Suspension Coming
$2,500,000 in omitted revenue from 6/30/2021 mandatory OTC filing filed 8/16/2021.
No Answers from company, except communication relayed from member of board (RED FLAG)
Inadequate financial information is evident here, read past post do you due diligence, you will thank me for this. Not a question of ig it will get suspended, it is a question of WHEN it get suspended.
This will make your investment worthless.
When you can't argue facts, argue law, when you can do neither confuse the court.
Notice the 1 line snide remarks, no answers, no admission. One thing is for sure If I don't know something I will keep an open mind. In any fluid situation, facts and perspective can change, and I stood corrected, I even gave you credit for it.
In context you should read the whole debate. It starts with a factual book mark at DSCR post # 73900 and concludes with a forensic analysis of how $2,500,000 in DSC Coin sales were omitted from the mandatory Discovery Minerals Ltd. Quarterly Filed report for period ending 6/30/2021 filed on August 16, 2021.
My analysis raises the following questions, which management has yet to address:
1. Why is management selectively communicating with certain shareholders on this board; Reference "...communication with FREZ on Refund of Coin sales..."
2. Why did DSCR take down the www.discoverymineralscoin.com;
3. Why did DSCR omits $2,500,000 of coin sales from the Ethereum DSC Coin Sale. (Etherscan.io Symbol:DSC), in its mandatory filed reports with the OTC per period ending 6/30/2021 filed on 8/16/2021.
This backdrop paints a bad scenario. 3.A- Management is that incompetent, that the SEC suspends them due to inadequate information. Requires DSCR to get act together and resubmit new 15 (c) 211.
3.B-or is this embezzlement? you don't just make a mistake to omit $2,500,000 in revenue on your mandatory filed reports with the OTC Markets, especially when you reported $0 revenue for the quarter. (reference: DSCR OTC 6/30/2021 Quarterly report filed 8/16/2021)
The material size of this misstatement, trips off the Section 12(k) suspension safeguards. IMHO, as with anyone who has been invested in a company that gets suspended by the SEC.
This is what the SEC has in its power to protect the minority shareholders from companies that have theses types of blaringly obvious transgressions.
Kind of the wow, glad I did my homework, I encourage you to do your due diligence and take a look a the SEC website for recent company suspensions
https://www.sec.gov/litigation/suspensions.htm
Read what one of suspensions orders say, and then ask yourself, could you see DSCR being described in the same words? I can and do, because I have seen the SEC do this to other publicly traded companies for doing less.
Here is the most recent SEC Suspension order filed 9/21/2021
"...It appears to the Securities and Exchange Commission (“Commission”) that there is a lack of current and accurate information concerning the securities of Yus International Group,Ltd. (“YUSG1 ”) (CIK No. 1306035), a revoked Nevada corporation located in Hong Kong,
China with a class of securities registered with the Commission pursuant to Securities Exchange Act of 1934 ("Exchange Act") Section 12(g) because it is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2019. On July 20, 2021, the Commission’s Division of Corporation Finance (“Corporation Finance”) sent a delinquency letter to YUSG requesting compliance with its periodic filing requirements, but YUSG did not receive the delinquency letter due to its failure to maintain a valid address on file with the Commission as required by Commission rules (Rule 301 of Regulation S-T, 17 C.F.R. Section 232.301 and Section 5.4 of EDGAR Filer Manual). As of September 9, 2021, the common stock of YUSG was quoted on OTC Link operated by OTC Markets Group Inc. (formerly “Pink Sheets”) (“OTC Link”), had five market makers, and was
eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).
I feel it is not a question of IF, more of just a question of WHEN.
I don't, I do know that what is omitted is about as serious of an omission as one could make.
Probably why TD is off the box.
I have seen companies suspended for far less, especially given the fact that the message board admins are all paid shills, deleting every post that is critical of their golden egg.
The coin offering A) was illegal B) was never disclosed on financials. When the SEC wakes up and sees that this has potential Congressional inquire, they are going to Section 12(K). IMHO
I just don't want to see innocent minority shareholders taken by this scam.
These people all fit a pattern of same promoters, lawyers, CPA, Transfer Agents. All same operation, easier to print and sell stock then execute on business model.
Without the merry go round of inflated PR's this deal is worthless.
I was thinking what is keeping people away is the omission of the $2,500,000 from the DSC Coin Sales (May 11, 2021 press release DSCR).
DSCR filed on August 16, 2021 a mandatory financial report for period ending 6/30/2021. In this report they report 0 revenue, and no subsequent events.
Unfortunately on Https://etherscan.io for symbol DSC we find $2,500,000 was transferred on the Discovery Minerals Coin. How this was not reported throws up every red flag I can imagine.
The most obvious is this omission is proof of inadequate financial information.
PROOF:
1. Deleted Page from Discovery Mineral Ltd
https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
2.https://etherscan.io/token/0x0FB085158e377B035d67F4Fd5105c338273c9876
3. Omitted financial information from 6/30/2021 Mandatory Filed Report with OTC
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 your due diligence, copy and paste links find the holes that I have. 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 their 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.
I don't care about you or the paid shills on this board.
The facts remain that DSCR omitted from mandatory disclosure it's coin sales on the Ethereum Blockchain.
It amounts to $2,500,000 of revenue which was omitted. This is significant and inadequate information. The SEC once they wake up to this fact will suspend this company.
Harming the little investors who follow and beleive your lies. This is who I am trying to protect, so bad mouth me all you want. If I protect 1 investor from losing money on this, I will consider investigation a success.
The company still needs to answer for this omission of $2,500,000 and you telling people it is no big deal is a lie.
You know it, and I know it, hopefully the little investors who stand the most to lose, will start reading my past post and triangulate what I have discovered. When they do you will be exposed.
It is not a matter of IF the SEC will suspend DSCR, it is a matter of WHEN
$2,500,000 omitted from 6/30/2021 Financials
SEC is going to turn off the lights on this, enjoy the discovery, that you are never going to be able to sell your investment.
You can learn what the SEC does on a Section 12(k) infraction. It is called inadequate financial information. It is the same reason TD is off the box and NO Sponsoring MM.
A new 15(c) 211 will be needed as well as disclosure on the omission of material information, being the DSC Coin sale.
You should have done your homework, I would also ask why the admins took this message down at every chance. I feel a lot of lawsuits are going to be filed. Most from the Govt.
$2,500,000 OMITTED from financial statements 6/30/2021 WAKE UP
Discovery Minerals LTD will be Suspended by the SEC here is WHY?
Part 7 Non Disclosure of Discovery Mineral Coin - Due Diligence
Between 5/11/2021 (Date of Discovery Minerals Ltd Yahoo Press Release) and Period ending 6/30/2021 (3rd Quarter end).
Discovery Minerals Ltd, through the Discovery Mineral COIN sold 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report of Discovery Minerals LTD.
PROOF
Discovery Minerals Ltd filed its Quarterly Report for Period Ending June 30, 2021 on August 16, 2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
in this mandatory filed report to the OTC the following omission were made:
1. Page 13 the reporting of 0 revenue
"...For the For the For the For the
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
June 30, June 30, June 30, June 30,
2021 2020 2021 2020
Revenue $ - $ - $ - $ -..."
2. Page 16
"...Revenue recognition
For revenue from product sales, the Company recognizes revenue using four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.
The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required..."
3. Note 3 page 20
"...Note 3 – Related Party Transactions
The Company and Russell Smith, CEO and Director entered into a service agreement whereby Mr. Smith will provide office accommodations, telephone connections, computer time and space as well as maintain all files and corporate records for a quarterly fee
of $37,500. As of March 31, 2021 Mr. Smith is owed the amount of $720,990..."
4. Page 22
"...Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the date the financial statements were issued. The Company did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements..."
No where can I find where Discovery Minerals Ltd, disclosed the sale and income from the Discovery Minerals Coin in this filed report.
The Etherscan.io report shows 1,238,234.50 Discovery Mineral tokens @ $2.00 a coin. Producing $2,576,469 in revenue which was not reported in the June 30, 2021 financial report filed with OTC markets on August 16, 2021
In summation, I beleive the company owes us an explanation as to this omitted information.
I feel that inadequate financial information has been communicated and under Section 12(k) and the SEC should suspend trading of Discovery Minerals, Ltd. A Wyoming Corporation, until these discrepancies are addressed.
I feel that the minority shareholders are at risk here and until a new 15(c) 211 is filed more investors stand the risk of losing money.
Do you due diligence, copy and paste links find the holes that I have, and ask yourself, do I want to be holding shares in a company that omits the reporting of Coin sales and goes as far as shutting down there website at https://disocverymineralscoin.com.
The SEC in my experience has suspended companies under SEC Section 12(k) for a lot less. I don't want to see innocent shareholders waking up one morning seeing their investment in this company being suspended.
Please - experienced shareholders chime in, not the paid promoters with snide 1 liners. I am talking about investors who see the due diligence presented, and realize the company has a lot of open questions here.
There past reputation is horrible in addressing these questions, and filing necessary paperwork. I truly feel the SEC is going to suspend this company.
DSCR upcoming Suspension Know the Facts
When this gets a Section 12(k) suspension from the SEC, and your stock cannot trade. When that despair comes across your face, knowing you have lost everything on this stock, you were warned!
FACTS
A $2,500,000 revenue omission from 6/30/2021 Mandatory report to OTC, on an illegal coin sale.
Proof - goto to DSCR 6/30/2021 filed statements with the OTC filled on 8/16/2021.
In report no mention of the revenue derived from the Etherscan.io (Discovery Minerals Coin Symbol:DSC. that sold at $2.00 a coin and 1,237,000 were sold withing the mandatory disclosure period between 5/11/2021 and 6/30/2021.
So many questions on this, will lead to a litigation release in the future. But for now expect a Section 12(k) suspension.
In the minimum inadequate financial information exist on this.
Anyone who does due diligence of these facts, sees this and the gaping material omission committed here.
These guys deserve a full investigation due to this. Because if they are dumb enough to omit this, what else are they hiding.
Please all paid promoters chime in with your one word sentences. No explanation from management, just the shills trying to tell you nothing to see here.
In perspective this is the water in the Titanic reaching the dining room.
Oh that's right the boat is taking on water and people are starting to leave for the life rafts.
Don't get caught up in the music, this boat is sinking hard and fast. Your going to wake up one morning seeing this suspended and then you will realize for the first time your investment in this company has capsized.
Do your due diligence, they have omitted from financial disclosure the Coin Sales from there May 11 Press Release. This is a real serious and I mean a REAL SERIOUS unaddressed issue.
In SEC speak this is a Section 12(k) inadequate information suspension level event.
Time for a Webinar Debate me vs the Snide Stock Promoters
lets have a 30 minute webinar debate I am calling you and your friends pumping this dog sh*t out. Since you chime in more than the company does, let's talk facts, I will expose you and your con.
Lets have the debate: I will write up the press release and give you the sign in time and coordinates.
The Debate Questions
1. DSCR sold $2,370,000 between 5/11/2021 and 6/30/2021 and omitted the reporting of this on their mandatory report for period ending 6/30/2021 filed with OTC 8/16/2021. This is FRAUD..... and inadequate financial information as defined under rule 12(K) at minimum.
WHAT IS YOUR ANSWER?
2. I have proof, including - press release, 5/11/2021, archive of taken down website, and etherscan.io website transaction report for DSC Coin.
YOU HAVE NAME CALLING
3. I have analysis of filed 6/30/2021 report filed 8/16/2021 with OTC citing 4 places the company deliberately omitted this from mandatory disclosure.
You have name calling,
THAT'S IT. put up or shut up, this scam is stealing money and the lights are are about to go dark on this SCAM.
4. My motive is to to help people in seeing the risk of riding with a POS scam. When the SEC suspends this deal, .00001 will be a good price, as we have seen in the past.
A $2,500,000 revenue omission from 6/30/2021 Mandatory report to OTC, on an illegal coin sale.
Hmmm wow when I goto to DSCR 6/30/2021 filed statements with the OTC filled on 8/16/2021, there is no mention of the revenue derived from the Etherscan.io (Discovery Minerals Coin Symbol:DSC. that sold at $2.00 a coin 1,237,000 coins between 5/11/2021 and 6/30/2021.
So many questions on this, will lead to a litigation release in the future, but for now expect a Section 12(k) suspension. In the minimum inadequate financial informaiton exist on this.
Anyone who does due diligence of this sees the hole(s) here.
These guys deserve a full investigation due to this. Because if they are dumb enough to omit this, what else are they hiding.
Please all paid promoters chime in with your one word sentences. No explanation from management, just the shills trying to tell you nothing to see here.
In perspective this is the water in the Titanic reaching the dining room.
Why is there water in the restaurant, oh that's right the boat is taking on water and people are starting to leave for the life rafts.
Don't get caught up in the music, this boat is sinking hard and fast. Your going to wake up one morning seeing this suspended and then you will realize for the first time your investment in this company has capsized.
Do your due diligence, they have omitted from financial disclosure the Coin Sales from there May 11 Press Release. This is a real serious and I mean a REAL SERIOUS unaddressed issue.
In SEC speak this is a Section 12(k) inadequate information suspension level event.
Discovery Minerals Coin - Cause of Suspension
No longer a question of if, just now betting on the "root cause"
An undisclosed $2,500,000 of Coin Sales, not making it on the 6/30/2021 filings. Is inadequate information in the least.
Why DSCR Got Suspended
Discovery Minerals, LTD (Symbol DSCR) has been selling a Discovery Mineral Coin on the Ethereum platform. They have sold approximately $2,500,000 worth of this coin and have omitted this revenue from their June 30,2021 balance sheet as submitted to the OTC Markets.
Further, the website referenced in Discovery Mineral Ltd Press release dated May 11,2021 is no longer functional and the company does not answer emails (both emails are bouncing back as undeliverable).
a. info@discoverymineralscoin.com-
b. support@discoverymineralscoin.com
Discovery Minerals Ltd, omission of the revenue derived from the sale of the Discovery Mineral Coin (5/11/2021 to 6/30/2021) is disturbing, and in the minimum inadequate financial information under Section 12(k).
Investigation & Due Diligence in support of the above statements.
1. June 30, 2021 DSCR Filed OTC Financial Report Discovery Minerals LTD (page 7, paragraph 2)
Source:DSCR OTC Filed Financial Report 6/30/2021
"...• Further business undertaken by the Company has been to engage an experienced Crypto Coin design and management company. This initiative was taken after several years of consideration regarding a gold backed Coin. The designers are fully in accord with the issuance of this gold backed Coin which has been formally started as of March 15th 2021..."
2. June 30, 2021 DSCR OTC Financial Report Discovery Minerals LTD (page 13)
balance sheets has no accounting of REVENUE from the Discovery Coin Sale.
Source: DSCR OTC Filed Financial Report 6/30/2021
3. June 30, 2021 Financial Report Discovery Minerals LTD (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.
Source:
DSCR OTC Filed Financial Report 6/30/2021
Discovery Minerals Ltd.
PRESS RELEASE TYING THIS TOGETHER
4. May 11, 2021 Discovery Minerals Announces Official Launch of the Discovery Minerals Coin.
DSCR Yahoo Press Release dated 5/11/2021
4.a Representations made of Coin
"...The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
4.b https://discoverymineralscoin.com - website is non operational
"...For more information on the Discovery Minerals Coin please go directly to the company's website https://discoverymineralscoin.com/...";
4.c Waybackmachine.com index of May 17, 2021, website for Index of Discoverymineralscoin-
https://web.archive.org/web/20210517233805/discoverymineralscoin.com/
ABOVE IS THE PROOF TYING THIS TOGETHER. Highly suggest you cut and paste this in the browser. It explains why discoverymineralscoin.com was taken down and why the SEC is going to suspend this company IMHO.
PROOF OF UNDISCLOSED SALE / REVENUE from Discovery Mineral Coin
5. Etherscan.io of Discovery Mineral Coin
Discovery Mineral Coin - https://Etherscan.io
5.a From period 5/11/2021 to 6/30/2021 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.
Sources for 5.a
1. June 30, 2021 Financial Report Discovery Minerals LTD (page 7, paragraph 2) balance sheets has no accounting of REVENUE.
Source: DSCR OTC Filed Financial Report for Period Ending 6/30/2021
2. Etherscan download of trading activity for Discovery Mineral Coin
2.a Goto
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2.b on right side bottom of page Download CSV
2.c Enter date of 5/11/2021 to 6/30/2021
2.c this will produce a report showing 1,238,234.50 Discovery Mineral Tokens were transferred.
6. I believe that inadequate information exists from the token sales of the Discovery Mineral Coin in #6 above, compared to the omission of revenue reported in #2 above.
This is why the SEC needs to suspend Discovery Minerals Ltd (Symbol:DSCR) until adequate financial information is resubmitted under a new 15(c)211 clarifies the material omissions discovered.
Don't shoot the messenger, when the lights go out on this, here is the due diligence you decided to ignore.
Do your homework this weekend this is 100% the truth, with a roadmap to questions that the company refuses to answer. This is the conduct the SEC suspends, and any trader who has been in this space knows this.
Part 7 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.
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 ?
Discovery Minerals COIN Due Diligence Part 3
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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.
Part 1 Discovery Minerals COIN - Due Diligence
Wayback Machine https://discoverymineralscoin.com/terms/
taken down by company
Archive dated July 21,2021
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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.
The Services
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.
Registration
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.
When this gets suspended, you can reference this in your SEC complaint.
Discovery Minerals, LTD (Symbol DSCR) has been selling a Discovery Mineral Coin on the Ethereum platform. They have sold approximately $2,500,000 worth of this coin and have omitted this revenue from their June 30,2021 balance sheet as submitted to the OTC Markets.
Further, the website referenced in Discovery Mineral Ltd Press release dated May 11,2021 is no longer functional and the company does not answer emails (both emails are bouncing back as undeliverable).
a. info@discoverymineralscoin.com-
b. support@discoverymineralscoin.com
Discovery Minerals Ltd, omission of the revenue derived from the sale of the Discovery Mineral Coin (5/11/2021 to 6/30/2021) is disturbing, and in the minimum inadequate financial information under Section 12(k).
Investigation & Due Diligence in support of the above statements.
1. June 30, 2021 DSCR Filed OTC Financial Report Discovery Minerals LTD (page 7, paragraph 2)
Source:DSCR OTC Filed Financial Report 6/30/2021
"...• Further business undertaken by the Company has been to engage an experienced Crypto Coin design and management company. This initiative was taken after several years of consideration regarding a gold backed Coin. The designers are fully in accord with the issuance of this gold backed Coin which has been formally started as of March 15th 2021..."
2. June 30, 2021 DSCR OTC Financial Report Discovery Minerals LTD (page 13)
balance sheets has no accounting of REVENUE from the Discovery Coin Sale.
Source: DSCR OTC Filed Financial Report 6/30/2021
3. June 30, 2021 Financial Report Discovery Minerals LTD (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.
Source:
DSCR OTC Filed Financial Report 6/30/2021
Discovery Minerals Ltd.
PRESS RELEASE TYING THIS TOGETHER
4. May 11, 2021 Discovery Minerals Announces Official Launch of the Discovery Minerals Coin.
DSCR Yahoo Press Release dated 5/11/2021
4.a Representations made of Coin
"...The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
4.b https://discoverymineralscoin.com - website is non operational
"...For more information on the Discovery Minerals Coin please go directly to the company's website https://discoverymineralscoin.com/..."
4.c Waybackmachine.com index of May 17, 2021, website for Index of Discoverymineralscoin-
https://web.archive.org/web/20210517233805/discoverymineralscoin.com/
ABOVE IS THE PROOF TYING THIS TOGETHER. Highly suggest you cut and paste this in the browser. It explains why discoverymineralscoin.com was taken down and why the SEC is going to suspend this company IMHO.
PROOF OF UNDISCLOSED SALE / REVENUE from Discovery Mineral Coin
5. Etherscan.io of Discovery Mineral Coin
Discovery Mineral Coin - https://Etherscan.io
5.a From period 5/11/2021 to 6/30/2021 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.
Sources for 5.a
1. June 30, 2021 Financial Report Discovery Minerals LTD (page 7, paragraph 2) balance sheets has no accounting of REVENUE.
Source: DSCR OTC Filed Financial Report for Period Ending 6/30/2021
2. Etherscan download of trading activity for Discovery Mineral Coin
2.a Goto
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2.b on right side bottom of page Download CSV
2.c Enter date of 5/11/2021 to 6/30/2021
2.c this will produce a report showing 1,238,234.50 Discovery Mineral Tokens were transferred.
6. I believe that inadequate information exists from the token sales of the Discovery Mineral Coin in #6 above, compared to the omission of revenue reported in #2 above.
This is why the SEC needs to suspend Discovery Minerals Ltd (Symbol:DSCR) until adequate financial information is resubmitted under a new 15(c)211 clarifies the material omissions discovered.
Don't shoot the messenger, when the lights go out on this, here is the due diligence you decided to ignore.
Do your homework this weekend this is 100% the truth, with a roadmap to questions that the company refuses to answer. This is the conduct the SEC suspends, and any trader who has been in this space knows this.
Do your Due Diligence on the Unregistered Coin Offering
What is discovered is DSCR in May of 2021, sent out a press release promoting a "coin" on the Ethereum network called DSC (Discovery Mineral Coin).
On August 16,2021 on the OTC Markets DSCR filed a report with OTC for period ending June 30, 2021. In that report DSCR states "NO REVENUE"
On Etherscan.io symbol DSC (Discovery Mineral Coin) you can see that more than 1,200,000+ coins were transferred from the reporting period of DSCR from March 31, to June 30, 2021, for a value of more than $2,500,000.
This represents revenue that DSCR omitted from its mandatory report for period ending June 30, 2021.
This is material, and inadequate disclosure in violation of Section 12(k).
With that said I have seen the SEC suspend companies in the past that have done less.
A little due diligence on my past post, I lay out the links and discrepancies. I don't want to see innocent people getting burned on this when the lights are turned out. Which in my honest opinion is going to happen once regulators see this.
www.discoverymineralscoin.com
from the yahoo press release dated May 11, 2021
Nice try on the misdirection
The Company reports no Revenue
Yet sells 2.5 million in Coins and omits that from required financial reports. Does anyone else read the financial statements.
I have seen a bunch of BS deals in my day, but this undisclosed revenue with proof of coin sales is just over the top
PROOF
Discovery Mineral Coin - Etherscan
5.a From period 5/11/2021 to 6/30/2021 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.
Sources for 5.a
1. June 30, 2021 Financial Report Discovery Minerals LTD (page 7, paragraph 2) balance sheets has no accounting of REVENUE.
Source: DSCR OTC Filed Financial Report for Period Ending 6/30/2021
2. Etherscan download of trading activity for Discovery Mineral Coin
2.a Goto https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2.b on right side bottom of page Download CSV
2.c Enter date of 5/11/2021 to 6/30/2021
2.c this will produce a report showing 1,238,234.50 Discovery Mineral Tokens were transferred.
6. I believe that inadequate information exists from the token sales of the Discovery Mineral Coin in #6 above, compared to the omission of revenue reported in #2 above.
This is why the SEC needs to suspend Discovery Minerals Ltd (Symbol:DSCR) until adequate financial information under a new 15(c)211 clarifies the material omissions discovered, minority shareholders are being harmed.
Discoverymineralscoin.com- Proof of Inadequate Financial Information Under Section 12(k) & Why this will be suspended IMHO.
Discovery Minerals, LTD (Symbol DSCR) has been selling a Discovery Mineral Coin on the Ethereum platform. They have sold approximately $2,500,000 worth of this coin and have omitted this revenue from their June 30,2021 balance sheet as submitted to the OTC Markets.
Further, the website referenced in Discovery Mineral Ltd Press release dated May 11,2021 is no longer functional and the company does not answer emails (both emails are bouncing back as undeliverable).
a. info@discoverymineralscoin.com-
b. support@discoverymineralscoin.com
Discovery Minerals Ltd, omission of the revenue derived from the sale of the Discovery Mineral Coin (5/11/2021 to 6/30/2021) is disturbing, and in the minimum inadequate financial information under Section 12(k).
Investigation & Due Diligence in support of the above statements.
1. June 30, 2021 DSCR Filed OTC Financial Report Discovery Minerals LTD (page 7, paragraph 2)
Source:DSCR OTC Filed Financial Report 6/30/2021
"...• Further business undertaken by the Company has been to engage an experienced Crypto Coin design and management company. This initiative was taken after several years of consideration regarding a gold backed Coin. The designers are fully in accord with the issuance of this gold backed Coin which has been formally started as of March 15th 2021..."
2. June 30, 2021 DSCR OTC Financial Report Discovery Minerals LTD (page 7, paragraph 2) Page 13 balance sheets has no accounting of REVENUE from the Discovery Coin Sale.
Source: DSCR OTC Filed Financial Report 6/30/2021
3. June 30, 2021 Financial Report Discovery Minerals LTD (page 7, paragraph 2) 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.
Source:
DSCR OTC Filed Financial Report 6/30/2021
Discovery Minerals Ltd.
PRESS RELEASE TYING THIS TOGETHER
4. May 11, 2021 Discovery Minerals Announces Official Launch of the Discovery Minerals Coin.
DSCR Yahoo Press Release dated 5/11/2021
4.a Representations made of Coin
"...The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..."
4.b Discoverymineralcoin.com - website is non operational
"...For more information on the Discovery Minerals Coin please go directly to the company's website https://discoverymineralscoin.com/..."
4.c Waybackmachine.com index of May 17, 2021, website for Index of Discoverymineralcoin-
https://discoverymineralscoin.com/" rel="nofollow" target="_blank" >Wayback Machine Index of Discoverymineralscoin.com
PROOF OF UNDISCLOSED SALE / REVENUE from Discovery Mineral Coin
5. Etherscan.io of Discovery Mineral Coin
Discovery Mineral Coin - Etherscan
5.a From period 5/11/2021 to 6/30/2021 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.
Sources for 5.a
1. June 30, 2021 Financial Report Discovery Minerals LTD (page 7, paragraph 2) Page 13 balance sheets has no accounting of REVENUE.
Source: DSCR OTC Filed Financial Report for Period Ending 6/30/2021
2. Etherscan download of trading activity for Discovery Mineral Coin
2.a Goto https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
2.b on right side bottom of page Download CSV
2.c Enter date of 5/11/2021 to 6/30/2021
2.c this will produce a report showing 1,238,234.50 Discovery Mineral Tokens were transferred.
6. I believe that inadequate information exists from the token sales of the Discovery Mineral Coin in #6 above, compared to the omission of revenue reported in #2 above.
This is why the SEC needs to suspend Discovery Minerals Ltd (Symbol:DSCR) unit adequate financial information under a new 15(c)211 clarifies the material omissions discovered.
Last I am doing this to help other investors, not doing this out of malice, rather to insure others don't lose their hard earned money.
Under penalty of perjury I don't have a short position in this or any other security.
Peace