Selective communication with shareholders is ILLEGAL
Another reason, like # 9 on why the SEC will suspend DSCR, selective shareholder communication.
Shareholded have to sign up for emails from company. This disconnect from the public gives DSCR an exclusive channel of communicaton.
In 2003 COnfress saw this as abig problem and passed laws to curtail this practice. Known a sRegulation FD, what is communicated to 1 shareholder has to communicated to all.
This is a hottible shortcut and shows that the company in threding the needle on what it can get away with to sell it worthless perfromance, through fluffy language and BS.
This company flat out stole $2,500,000 from the shareholders of DSCR.
The coin was never backed by assets, never approved by the company to be the benefactor of 50% of it mined results.
Management and the scumbag promoters on this POS deserve all to be in prison for securities fraud, being committed here.
I have been in this space 30 Years, I have seen hundreds of these companies get flushed / suspended and managmeent banished either by permanent injunction or if lucky, a prison sentence.
6,000,000,000 in outstanding shares - impossible to short on 10,000,000 daily trading volume. 6,000 days to cover.
0 revenue ZERO, NADA, NOTHING. let that really sink in, no source of revenue. Then how do they pay the bills? They sell stock, key word is SELL. Selling stock is only way this scam floats.
That is why the false news, inflated releases and lies. ALl heavily promoted, meme'd, and FOMO'd, to create a false sense of urgency.
This stock unlike most is DOA, why a word called scienter.
Managment committed this when it purposely concealed all mention of the DSC coin sale on page 22 of the last current report. In "Subsequent Events" managment conscioulsy concealed the DSC coin transaction buy not EVEN MENTIONING it.
This translates into a loss defense against securities fraud. In 1995 CLinton passed the Private Secrities Litigation Reform Act (PSLRA). Makes it almost impossiblle tosue a public company.
Have to prove scienter, a state of mind of managment "knew" they were commiting fraud. To do this means you will win the 12(b) Motion to Dismiss under the PSLRA that the DSCR will file to dismiss the suit.
The subsequent event concealment is there achilles heal and will be why a lawsuit will survive adn be allowed discovery.
This is where I play, videotape depositions, Request for Admission, and Request for Production, will result in tears, and an evidence trail that will prove a conspiracy to commit securities fraud.
When the SEC get to this and about 40 others this month, you are going to see a blanket of SEC Suspensions. All under SEC Section 12(K), inadequate financial information, for the subjects we have been talking about for the last 9 weeks, why management decides to hide and selectively communicate to its stock promoters to carry its message.
Can you say scumbags
