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Wednesday, November 24, 2021 11:11:54 AM
Everyday that the company HIDES these found mistakes, the lower the price will go, and the chances of it being suspended by the SEC go up.
RESTATEMENT of financials and disclousure with legal opinion is the only way. WHY
1. DSCR is 9/30 Fiscal reporting meaning their Annual Report for 9/30/2021 is due January 15 with an extension of February 15,2022.
2. Both previouly retained law firms, resigned the same day on September 28th.
Meaning new legal counsel has to get a comfort level of what the other 2 lawyers did. In my experience, this is the impossible hill to climb, and why you will never see another report from DSCR ever again.
3. How do you explain the $2,500,000 not being reported. Until they do, it looks like and feels a lot like embezzlement. For certian the concealing of this fact in the "Subsequent Events" section of the mandatory report, shows proof of managment's scienter for surviving a 12 (b)6 Motion to dismiss for Securities Fraud under the Private Securities Litigaiton Reform Act.
Everyone on the board has seen there investment in DSCR drop 90% since September 27, 2021.
Company negligence, is the answer, this self inflicted gun shotwould could of been prevented if they reported ANY revenue.
So until DSCR addresses these in a public disclosure statement, everything else is NOISE.
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