Discovery Minerals LTD (DSCR)

[Ryan8]

Here are my concerns which management nor their law firms have given clarification to.

Understand this information, along side a "going concern opinion" from their CPA, sets the stage for the SEC to suspend based on "questions of adequacy" concerning Discovery Minerals disclosed financials and representations.

I encourage you all to review this intelligence, not financial advice just my opinion from observations.

Question 1 Unregistered Coin Offering

https://www.yahoo.com/now/discovery-minerals-announces-official-launch-123000259.html

Question 2 Undisclosed Integrated Offering

https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/

https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1

https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1#balances

https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1#comments


DSCR sold a coin based Etherscan (DSC) 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."

Question 3

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 Discovery Mineral Ltd, a company with a "Going Concern Opinion"

I would call their attorney to confirm, they are non responsive to my calls, maybe you will have better luck.

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]