Discovery Minerals LTD (DSCR)

[Ryan8]

IMHO 1-5 above poses more question about the accuracy of Discovery Mineral LTD. disclosures. They sold a coin based on it being backed by as a tethered 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."


With Bitcoin at 40,000 a coin, Ethereum at $3,000, Gold at $1,723 an ounce and Silver at $22 an ounce. The Discovery Mineral Coin represented and sold based on having a "tethered reserve of"

2,100 Bitcoin worth $86,933,490
2,100 Ethereum worth $ 6,155,429
2,100 Ounces of Gold worth $ 3,646,167
2,100 Ounces of Silver worth $ 47,103

Total $96,782,189

All of this from a company with a "Going Concern Opinion"

This is the stuff the SEC suspends a company over, for not having adequacy in its disclosure. Let alone the integrated offering exposure and unregistered security aspect of the "Discovery Coin" This smell like a total Section 5 Unregistered offering.

I would call their attorney

Dolkart and Associates
1750 Kettner Boulevard
Suite 416
San Diego, CA 92101
[phone]
[e-mail]

&

Law Office of James M. Donovan, PC
317 Davisville Rd
Willow Grove, PA 19090
[phone]

For clarification, previous messages are just my opinion and observations, and not financial advice.