Discovery Minerals LTD (DSCR)

[Ryan8]

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. [e-mail]-
b. [e-mail]

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.