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Wednesday, December 01, 2021 3:44:12 PM
DSC COIN + Fraudlent Assets = Material Concealment
Why would Discovery Minerals Ltd. sell $2,538,000 worth of a DSC Coin and not report the revenue from this. Because the company lied to buyers of the DSC Coin about the assets backing it.
ACTUAL STATEMENT FROM Discovery Minerals LTD.
"...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 of LIE
1. https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Discovery Minerals LTD Press Release Dated May 11,2021
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
Etherscan Proof of DSC Coins Sales totaling $2,538,000
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
Archived website that the management of Discovery Mineral Ltd, purposely took down, to conceal the sale of $2,538,000 worth of DSC Tokens.
https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
Discovery Minerals LTD, OTC Mandatory Report for period ending June 20, 2021.
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
Page 22 SMOKING GUN showing managment's state of mind "scienter" in further concealing this fraud.
"...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..."
This explains why Discovery Minerals Lts disowned knowledge of this DSC COIN, look at the representation they made.
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.
THIS IS OVER THE TOPand a lie to the tune of over $100,000,000. This is why DSCR will never file another report, to due so will be an admission of management's criminality.
Source of LIE
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html
When you are ready to see justice, file a complaint.
https://www.sec.gov/oiea/Complaint.html
When you want to learn more about SEC Suspensions
https://www.sec.gov/litigation/suspensions.htm
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