Discovery Minerals LTD (DSCR)

[Ryan8]

Discovery Minerals Will Never File Another Report

If they do, they will expose themselves to "being on the record" to the fraud we uncovered.

OTC is current with no more backlog, stop lying to this board.

The company is not current nor will it ever be until management discloses the DSC Coin.

They cant because they lied on what was backing it. They embezzled $2,538,000 in Coin sales, based on a a representaiton that the coin was BACKED by 2,100 Ethereum, 2,100 Bitcoin, 2,100 Ounces of Gold, & 2,100 Ounces of Silver.


Not going anywhere until managment addresses this

1. Misrepresentation of DSC Coin Sale.

On May 11, 2021, the managment of Discovery Minerals Ltd. a Wyoming Corporation, sent out a press release, announcing the launch of a Ethereum token offering. *1

In that nationally disementated press release, Discovery Minerals, Ltd., represented that the DSC Coin was backed by more than $100,000,000 in assets.

"...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..."

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

Upon examination of Discovery Minerals Ltd., latest publicly filed financial report filed on August 16, 2021 for period ending June 30, 2021, Discovery Minerals, LTD reported zero in revenue and assets of $238,000. *2

2. A financial misepresentation of more than $100,000,000 represented "backing" the DSC Coin.

*2 Source: page 12 (no revenue) & 13 ($238,000 assets) https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

3.Through this misrepresentation of assets "backing" the DSC Coin. Discovery Minerals, Ltd was able to sell & transfer $2,538,000 worth of DSC coin sales, between the time period of May 11, 2021 to June 30,2020 *3.

*3. Source: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1#balances

4. 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.

This 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.

When you have had enough the SEC has a one page website to lodge a complaint. Took me 3 minutes, and that was because I was waiting on my coffee.

https://www.sec.gov/oiea/Complaint.html

If you want to file with the Attorney General of Wyoming the website is. https://attorneygeneral.wyo.gov/

How do you explain this to the SEC and not get investigated for fraud.

Want proof - https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1

16 Weeks management of Discovery Minerls, LTD. had an opportunity to communicate this error. Instead they chose to further conceal this in violation of criminal law.