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Tuesday, October 12, 2021 11:30:43 AM
The SEC is going to put this in the box, and here is the reason. The "Coin Offering" as stated on May 11, 2021 was backed by collateral that the company did not have.
Read the release here, https://www.yahoo.com/now/discovery-minerals-announces-official-launch-123000259.html
With this blatant lie
"...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...."
Discovery Minerals SOLD these coins and never disclosed this on there financial statements.
This is what the SEC calls inadequate information and will usually suspend a company for this. With the new rule change they don't have to. All they need to do is shoot Liz Hess (former FINRA, under Ken Worm), an email saying don't approve, and Liz and Cromwell will comply.
Bottom line is this company is never getting on the pinks minus a FULL 15(c)211 with the answers satisfying the integrated coin offering issues mentioned above.
Last notice how the promoters say ignore and offer a snarky 1 line. That is all they have, there motive is to delay and extend, pushing hope of a future so that disgruntled investors don't file a complaint.
It's time to start filing complaints, these people stole your money and are nothing but a stock pump and dump.
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