Thursday, December 09, 2021 8:15:16 AM
On August 16, 2021 Discovery Minerals Ltd., filed a mandatory current financial report with the OTC markets. This report covered the time period between March 31, 2021 to June 30, 2021 and should of included disclosure of the $2,538,000 worth of DSC Coin sales, it did not. In this report, Discovery Minerals Ltd. consciously conceals disclosure of the DSC Coin Offering three times including:*4.
Omission 1. The reporting of zero revenue;
(Page 12 of *4)
Omission 2. Disclosing the method of booking revenue, consistent with the DSC Coin sale;
(Page 16 of *4)
Omission 3. Subsequent Events section, omitting that the DSC Coin offering existed.
(Page 22 of *4)
*4 Source: https://www.otcmarkets.com/otcapi/company/financial-report/296352/content
5. To further conceal DSC coin offering sale of $2,538,000, Discovery Mineral Ltd., purposely took down the DSC coin offering website as seen here. https://discoverymineralscoin.com
An archive of the DSC coin offering website, shows the extreme level that managment went to, to conceal the $2,538,000 in DSC Coin sales from the minority shareholders of Discovery Minerals Ltd.
*5a (archived) Discovery Minerals Coin offering website
https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/
The minority shareholders have lost 95% of the value of their stock since September 2021. The main driver of this, the market has discovered the negligence of what management has concealed.
That is why this company needs to be suspended, until Discovery Minerals Ltd., can explain these disrepancies to the market, the minority shreholders will continue to lose money in this stock.
Attached below, are the last 10 years of SEC Suspenions. I highly suggest you read some of these, random no problem. What you are looking for is the pattern of conduct that the SEC has in the past suspended.
This conduct that Discovery Minerals. LTD. got caught doing and STILL REFUSES to address in a public disclosure document, is the exact conduct the SEC suspends, citing Rule 12(k) inadequate financial information.
Not a question of if, only a matter of when Discovery Minerals gets suspended by the SEC for inadequate financial information.
SEC Suspensions 2012 to 2021
1. SEC Suspensions 2021
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2021.htm
2. SEC Suspensions 2020
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2020.htm
3. SEC Suspensions 2019
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2019.htm
4. SEC Suspensions 2018
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2018.htm
5. SEC Suspensions 2017
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2017.htm
6. SEC Suspensions 2016
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2016.htm
7. SEC Suspensions 2015
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2015.htm
8. SEC Suspensions 2014
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2014.htm
9. SEC Suspensions 2013
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2013.htm
10. SEC Suspensions 2012
https://www.sec.gov/litigation/suspensions/suspensionsarchive/susparch2012.htm
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