Discovery Minerals LTD (DSCR)

[SamTheTrader]

Very Important Nice Johnniebg

Hey Sam, On May 11th DCSR said the following " 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"

I have put in bold a situation that never came about. The money was being held until the tethered coin was fully distributed, so it wasn't considered income... Since the coins never sold out or became fully distributed they are refunding all coin purchases per the statement on page 22 of the annual report.


Note 8 – Subsequent Events
Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 after the balance sheet date through the
date the financial statements were issued.
As previously disclosed in the Company’s period ending March 31, 2021 quarterly report and further press release dated April 30, 2021,
the Company signed an agreement with ALT 5 Sigma for the development of its Discovery Coin and Gateway Payment. However,
management has determined this course of action would not be in the Company’s or the shareholders best interest and has terminated
the agreement and is no longer exploring a crypto currency initiative.
In December 2021 the Company entered into an escrow agreement whereby all coin buyers will be refunded their full purchase amount."

All the repeat negative info. being posted about DSCR is untrue and should be ignored by all who read it. JUST MY OPINION!!!