Discovery Minerals LTD (DSCR)

[Ryan8]

Well said, when you can't argue facts, argue law, when you can't do neither confuse court.

Facts:
1.DSCR sold a coin called the DSC Coin;

2.#1 above is verified by the DSCR May 11,2021 press releasefrom DSCR;

3. The Discoverymineralscoin.com has been shut down;

4. Archive of discoverymineralcoins.com can be seen here https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/ SEEING IS BELIEVING

4.1 DSCT Coin Transactions can be seen here
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1 SEEING IS BELIEVING

5. DSCR never disclosed this on its mandatory financial disclosures for period ending 6/30/2021. This OTC report can be seen here.

https://www.otcmarkets.com/otcapi/company/financial-report/296352/content ; SEEING IS BELIEVING - Click Link and Follow Along

5.1 Page 13 of DSCR OTC Mandatory Report filed 8/16/2021

https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
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 $ - $ - $ - $ -..."


5.2 Page 16 of DSCR OTC Mandatory Report filed 8/16/2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content


"...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..."

5.3 Page 22 of DSCR OTC Mandatory Report filed 8/16/2021 https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

"...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..."

A. DSCR in 5.1 Reports 0 Revenue Across the Board

B. DSCR in 5.2 Aknowledges Process of Revenue Reconition and how that Revenue is booked.

C. DSCR in 4.1 The DSCT Coin Transactions, proving revenue reportable events in 5.2 have been met, and therefore reportable. The DSCT coin transaction can be confirmed here.
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1

D. DSCR in 5.3 is asked to disclose any
"Subsequent Events" which would include the revenue, sales and launch of their wholly own subsidiary DSC COin


DSCR in 5.3 materially concealed the fact of 5.1 omission of not reporting sales and concealing from mandatory financial statements more than $2,500,000.

A lie to cover a lie, material concealment is about as bad as you get in securitiees fraud, and in securities fraud litigation proves scienter to survive a 12(b) 6 motion to dismiss under the PSLRA.

1. Non Disclosure - minor - Fine
2. Material Omission - major -- Suspension
3. Material Concealment ---Don't drop the soap