No Revenue $13,700,000 deficit, toxic convertible debt financing
Welcome to Discovery Minerals, home of embelished press releases, and illicit stock promotion. A company addicted to being a perpetual stock promotion. For we found it easier to sell our stock, than execute on a business model.
It is at the price it is, because the mangement of Discovery Minerals found it easier to sell and promote stock, then to execute on a revenue generating business model.
This is a story stock, always a story, always an excuse.
Your naked shorters scenario is your convertible debt funder who you gave 60,000,000 shares to on 9/30/2021 and the other funder who is getting liquid on his $198,000 Covertible debenture.
Source 10K filed 12-15-2021
When Discovery Minerals gets sued, which they will, for the DSC Coin concealment stunt the pulled. They will be forced to sell another highly dillutive convertible debenture, to pay for the lawyers.
See the pattern, management laughs at the minority shareholders, because they have to buy what management creates for free with a board resolution.
This is why you have so many shills promoting this, and why the constant attacks and cyberbullying I have had to endure. Easier to attack a truth, than to accept a lie.
With no revenue, the only way this company survives is by selling convertible debt, that converts on a 10 day 90% to bid lookback provision.
See those days when it opens at 0.0004. Yeah that so the convertible holder can cite that at the lookback price, take a % discount and sell those shares. More times than not, the debenture holders manipulate the market creating a rolling short. This way they clear every 2 weeks or so with the 10 day lookback clause they have been given. That is why this has insane volatility and this type of financing forever taints a company's image. Convertible Debenutres with a 90% discount to bid with a 10 day lookback provision, makes a pawnbroker loan, look like a 30 year fixed mortgage at 0% interest.
No institution will ever place infrastructure level financing at this, because the dilution it has to compete with.
Mangagement of this company needs to be held accountable for thier actions. A lawsuit from the misrepresentation of the DSC Coin offering alone, will launch this 0 revenue company into an immediate bankruptcy.
