Discovery Minerals LTD (DSCR)

[Ryan8]

Assets backing the DSC Coin NEVER EXISTED.

Yet the company still represented that the DSC Coin had in excess of $100,000,000 "backing the coin" This is a lie that DSCR told DSC Coin buyers to get $2,538,000 in sales, and why they had to conceal the sales and revenue from mandatory financial reports, which is what Discovery Minerals Ltd. did.

Discovery Minerals LTD. (5/11/2021) Press Release

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

The Conspiracy to conceal this fraudlent DSC Coin offering has been triangulated via puposeful material omissions by Discovery Minerals Ltd.*1

Omission 1. The reporting of zero revenue (Page 11 of *1)
Omission 2. Disclosing the method of booking revenue, consistent with the DSC Coin Sale
(Page 16 of *1)
Omission 3 In the Subsequent Events section, omitting that the DSC Coin Offering ever happened.
(Page 22 of *1)

These 3 in unison in one report*1, against the backdrop of a deleted DSC Coin offering website*2, and proof that DSC Coin sales happened*3. Paints a picture that a formal investigation and trading suspension is warranted, and needed, in order to protect the minority shareholders of Discovery Minerals Ltd.,from further harm.

*1 OTC Mandatory Report Discovery Minerals LTD. filed 8/16/2021 for period ending 6/30/2021
https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

*2 Discovery Minerals Coin offering website (taken down)
https://discoverymineralscoin.com

*2 (archived) Discovery Minerals Coin offering website
https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/

*3 Etherscan.io showing the 129 holders of DSC Coin and the $2,538,000, which was omitted by Discovery Minerals LTD. Management in the mandatory filed report with the OTC Markets on 8/16/2021.
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1#balances

This shows an ongoing conspiracy among the management of Discovery Minerals to conceal this DSC Coin sale from disclosure to the minority shareholders.

The results of the material concealment from management, is that the market has triangulated this prior to the investing minority public. This explains why the stock is down more than 94% since September.

Management of Discovery Minerals Ltd, were aware of the DSC misrepresentation and made a conscious decision to conceal this from the minority shareholders of Discovery Minerals Ltd., all in violation of Federal Law.

This is textbook scienter, and should be the example taught in law schoold to demonstrate this comlpex legal subject. Scienter is the critical nexus to survive a 12(b) 6 motion to dismiss under the Private Securities Litigation Reform Act of 1995. Meaning this is a shareholder lawsuit that will see a jury.