Discovery Minerals LTD (DSCR)

[Ryan8]

3 Paragraphs that explains Discovery Minerals Ltd Fraud

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


MORE RESEARCH WHEN YOU HAVE ENOUGH OF THE LIES

34 Reasons why the SEC is gong to suspend Discovery Minerals, Ltd under Section 12(k) for inedaquate financial information.

1. Discovery Mineral Wyoming filings
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=110028154016030013238250196054172072183198118054

2. Wyoming Attorney General's Office (to file a complaint) https://attorneygeneral.wyo.gov/home

3. SEC to file a Complaint
https://www.sec.gov/oiea/Complaint.html

4. The SEC absoultely regulates crypto, ask XRP (Ripple).

5. SEC complaint filed Wyoming Attorney General next;

6. People need to goto jail over this. What has been discovered is so over the top. Like a bad movie, if it wasn't so damaging (stealing money from innocent people), this would be comical.

7. DSC COIN + Fraudlent Assets = Material Concealment

8. Why would Discovery Minerals Ltd. sell $2,538,000 worth of a DSC Coin and not report the revenue from this?

9. Because the company lied to buyers of the DSC Coin about the assets backing it.

10. ACTUAL STATEMENT FROM Discovery Minerals LTD.

11. "...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

12. https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html

13. Discovery Minerals LTD Press Release Dated May 11,2021

14. https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html

15. Etherscan Proof of DSC Coins Sales totaling $2,538,000

16. https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1

17. 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/

18. Discovery Minerals LTD, OTC Mandatory Report for period ending June 20, 2021.

19. https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

20. Page 22 of this has the SMOKING GUN, goto jail do not pass go. It shows Discovery Minerals Ltd. managment's state of mind in further concealing this fraud.

21. "...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.

22. 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 IS THE NAIL IN THE COFFIN and why the SEC is going to suspend this company for inadequate financial information.

23. This explains why Discovery Minerals Ltd disowned knowledge of this DSC COIN, look at the representation they made.

24.Discovery Minerals LTD published public statement "...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..."

25. The assets backing the DSC Coin Offering NEVER EXISTED. Yet the company still lied in representation that the DSC Coin had in excess of $100,000,000 "backing the coin".

26. This is a lie that DSCR told DSC Coin buyers to get $2,538,000 in sales, and why they fraudlently concealed disclosure of the sales and revenue.

27. This is why the DSC Coin sale is not mentioned, in mandatory financial reports. (material omission / fraudlent concealment).

28. This is why management of Discovery Minerals Ltd:

29. Took down the DSC Coin website.

30. Won't address this issue in public.

31. Why Discovery Minerals LTD is never filing another mandatory report again "at the advice of new counsel".

32. Result Discovery Minerals LTd.it is never getting current again.

33. This is why the SEC will suspend this company.

34. This is why the US Attorney's office needs to conveine a grand jury and start issuing some indictments for this conduct. This scam is coordinated, organized and effective. The results is thousands of shareholders have had their money stolen by a bunch of security fraudsters