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Thursday, December 02, 2021 4:39:56 PM
Discovery Minerals Lts, represented that they had $100,000,000+ in assets backing DSC Coin. That fraudlent inducement was used to sell $2,538,000 worth of DSC Coins. Management, when they discovered the lie, made a fatal 3 part concealment of this fraud which together proves management scienter, and will be the death of Discovery Minerals Ltd.
The scienter to conceal this transaction, in violation of US Federal and Wyoming State law includes:
Part 1 of Concealment Management disclosed 0 revenue *1;
Part 2 of Concealment Management disclosed method of booking revenue, which is consistent with the booking of the DSC COIN sale *2;
Part 3 of Concealment In the Subsequent Events section, management denies that the DSC COIN sale ever existed *3.
This is 3 strikes and your out. Scienter is really hard to prove but management via their utter incompetence, has given us the confession via forensic accounting.
This is going nowhere, except suspensions and litigation. Powerball is next Wednesday and Saturday
*1 Page 11 of https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
*2 Page 16 of https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
*3 Page 22 of https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
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