Discovery Minerals LTD (DSCR)

[Ryan8]

ATTENTION BROKER DEALER TRADING COMPLIANCE OFFICERS Discovery Minerals is a Shell Risk

Unfortunately SamTheTrader does not know what he is talking about. Clicking the link below will take you to Discovery Minerals, Ltd. OTC webpage. On the upper right corner of the OTC page you will see where this has been classifiedas a shell risk.

Source https://www.otcmarkets.com/stock/DSCR/overview

Discovery Minerals, LTD.
OTC SYMBOL:DSCR
is classified by OTC Markets as a

SHELL RISK COMPANY

Source https://www.otcmarkets.com/stock/DSCR/overview

What is a shell risk company ?
Source
https://www.otcmarkets.com/glossary#shell-risk

Elements that OTC use to determine if Discovery Mineral, Ltd., is a Shell Risk

No Revenue - ZERO

$ 13,700,000 deficit

$ 498,000 debtentures

90% of Bid

10 Day Lookback

Source
https://www.otcmarkets.com/otcapi/company/financial-report/315640/content

DSCR
Discovery Minerals Ltd.

Warning! Limited Information

OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).


Warning! This security is eligible for Unsolicited Quotes Only

This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.

Source https://www.otcmarkets.com/stock/DSCR/overview

Further due diligence you need to read before Discovery Minerals Ltd., gets suspended.

1.Annual Report Shows SEC Suspension Warranted to Protect Minority Shareholders
Primer #1
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167143577

2. Does Discovery Minerals Annual Report Admit Fraud & Insider Trading?
Primer #2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167143522

3. Inadaquate Information and ADMISSION of Insider Trading
Primer #3 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167147419

Management of Discovery Minerals filed a rushed and incomplete annual report last night for period ending 9/30/2021.

In this annual report Discovery Minerals Ltd. admits for the first time in a public disclosure document that it offered a crypto currency coin for sale.

Note 8 – Subsequent Events

"...In December 2021 the Company entered into an escrow agreement whereby all coin buyers will be refunded their full purchase amount..."

Source *1
https://www.otcmarkets.com/otcapi/company/financial-report/315640/content
Page 22

Why is this a BIG DEAL

1. It proves management gave insider information out to a select Discovery Minerals, Ltd. shareholder.
Discovery Minerals Investorshub Post #105320 is a copied email from Discovery Minerals LTD.,

On October 8, 2021 to a "select non public group shareholders", Discovery Minerals LTD., communicated no public informaiton consisting in part of.

"...If you have questions about the coin, we will be issuing refunds. Please send a copy of receipts or purchasing agreements to us via email. Please allow 7 days for a response..."
Source *2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166284768

2. It proves management's scienter, who consciously made a decision to conceal from the minority shareholders, in public disclosures for the last 6 months the DSC Coin sale and the $2,538,000 they made selling the coin.

3. It proves $100,000,000 "backing DSC Coin did not exist.

On August 18, 2021 Discovery Minerals Ltd. filed a report with OTC markets for period ending June 30, 2021. In this report Discovery Minerals, Ltd., omitted all mention of DSC Coin or the revenue it derived from its sales, including;

1. Page 12. No Revenue - Discovery Minerals, Ltd. reported 0 revenue, analysis of whether the DSC coin sales where accounted for are obvious;

2. Page 16. Revenue Recognition- Criteria of booking the DSC coin sales would qualify;

3. Page 22. Subsequent Events - Management makes a conscious decision to omit in its entirety the DSC Coin sale from OTC mandatory report.
Source *3 https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

Further acts proving Discovery Mangements state of mind "scienter" to further conceal the DSC Coin sale, from mandatory financial disclosure.

4. Discovery Minerals LTD., management took down the down DSC coin website on August 15, 2021. This was 1 day before not disclosing the coin sale on a mandatory OTC Market report for period ending June 30, 2021.
*4 Source https://discoverymineralscoin.com
*5 Source . Archive of website that the management of Discovery Minerals Ltd., took down on August 15, 2021. https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/

6. Proof of the DSC Coin Sale
That pesky proof that shows management sold $2,538,000 worth of the DSC Coin based off a misrepresentaiton of $100,000,000 in assets "...backing the coin..."
Source
https://finance.yahoo.com/news/discovery-minerals-announces-official-launch-123000259.html

Then purposely conceal this from the minority shareholders for more than 6 months (May 11, 2021 to December 15, 2021) in any mandatory public disclosure document.
*6 Source https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1

What is fraudulent concealment?

Under contract law, a plaintiff can recover from a defendant on the grounds of fraudulent concealment where the defendant (1) concealed or suppressed a material fact; (2) had knowledge of this material fact; (3) that this material fact was not within reasonably diligent attention, observation, and judgment of the plaintiff; (4) that the defendant suppressed or concealed this fact with the intention that the plaintiff be misled as to the true condition of the property; (5) that the plaintiff was reasonably so misled; and (6) that the plaintiff suffered damage as a result.

What is Scienter

A legal term that refers to a culpable state of mind. In other words, scienter is a defendant's knowledge that an act or conduct is wrongful and intent to act despite this knowledge. Scienter is often an element of liability, including in most cases involving assertions of fraud. Where scienter is an element of a claim, courts require a showing that the defendant had knowledge that the alleged misconduct (which may include an action or statement) is wrong or illegal before issuing judgment or conviction.

File an SEC Complaint here https://www.sec.gov/oiea/Complaint.html