Discovery Minerals LTD (DSCR)

[Ryan8]

WHY this is going to $0.00000

Besides the 6,000,000,000 Issued and Outstanding shares, complimenting $0.00 Revenue

DSCR is also negligent in providing accurate financial information. The SEC suspends companies that are demonstrating the same conduct of DSCR.

This in known as a Section 12(k). I highly encourage every investor to goto the SEC website and research the recent SEC suspension onrders.

LETS TALK ABOUT MANAGEMENT's NEGLIGENCE

DSCR will never file another mandatory report again. Why because to do so will the management would have to explain the criminality that this board has discovered, which they (management of DSCR) decided to further conceal.

Until the company makes an official disclosure on the missing proceeds to the DSC coin sales,they are commiting securities fraud.

The company induced people to buy the DSC Coin under false pretense that it was backed, by Gold, Silver, Ethereum and Bitcoin. It was not!!


"... 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..."

Source: DSCR Yahoo Press Release Dated 5/11/2021

DSCR is at a great risk of being suspended by the SEC. This is 100% because management refuses to address the discrepancies that has been documented on this board.

For further validation of this refer to Post # 100872

"...DSCR pink current junior gold mining company that has aquired the Ruby Gold Mine in California, the belive there is 2-5x the amount of gold there then the originally thought. Pr here: Press Release proving criminality

Created their own crypto coin that will be tethered to 50% of the gold the find from the mine, as well as silver, bitcoin and etherum.

Just had massive coin sales of 1m coins, 200k coins, 2- 10k coins and much more! Coin sales have Gone over $2.5 million Dollars. (Each coin is $2 each) REVENUE for DSCR!

Coin sales: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1 SMOKING GUN
https://discoverymineralscoin.com/ TAKEN DOWN

NEW Website Discoveryminerals.com
NEW IG Account https://instagram.com/discoveryminerals?utm_medium=copy_link

Float is only 1.5b moves like air!!
Heavily Shorted these past few months..."

Compare Post 10872 behind the backdrop of the OTC Markets Mandatory Financial reports for DSCR for period ending 6/20/2021 filed on 8/16/2021.

Source of Latest Report DSCR file OTC Report 8/16/2021 for perod ending 6/30/2021

Ommission of DSC Coin sale as identified in Post #10872 from mandatory reports include:

DSCR mandatory report for 6/30/2021, filed on 8/16/2021

1. Page 13 the reporting of 0 revenue from DSCR

"...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 $ - $ - $ - $ -..."

2. Page 16 Conditions of DSC Coin Sales met for booking as revenue.

"...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..."

3. Page 22 The decision by DSCR management to purposley conceal the DSC Coin Sale. TEXTBOOK SCIENTER

"...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..."

They embezzled the coin sale, and with management scienter, made a conscious decision to further conceal this criminal act.

It is that simple, SEC Complaint has been filed. Don't be suprised when this get suspended and your investment becomes worthless.