![](https://investorshub.advfn.com/uicon/375437.png?cb=1633394240)
Friday, January 21, 2022 10:05:49 AM
Expect bankruptcy filing, and criminal indictments.
Discovery Minerals, Ltd., played it loose and fast on the redomicile from Nevada to Wyoming in June 2018.
This is the epicenter of the fraud and how 2,100,000,000 common shares were illegally "minted" and sold, netting as high as a $100,000,000 to the conspiracy, through the mechanism of money laundering and securities fraud.
If not for the par capital mismatch discovered, this would of gone undetected, as per the intent of management (scienter exhibit #8).
This authorized capital increase from 5 to 10 billion without shareholder notice is about as big as a gotcha as you can find. For something this big to stick the "scienter" or managements state of mind must be solid and it is.
In all filings pertaining to Discovery Minerals, Ltd, there is not one mention of the redomicile process, or the increased in authorized common to 10,000,000,000. No mention of this in the subsequent events disclosure, not in the footnotes of the financials, and most alarming no disclosure of the stated authorized par capital being increased from $50,000 to $1,000,000 in the financials or footnotes.
In support of management's conscious state of mind (scienter) to evade disclosure of the Wyoming redomicile from Nevada on June 19,2018 for the purposes of increasing authorized shares from 5 to 10 billions common shares include.
Time Line
1.a On June 19, 2018 Russell Smith signed a resolution as sole director of Discovery Minerals Ltd., to file an application in Wyoming to continue the company from Nevada.
Application for
In this application as filed with the Secretary of State of Wyoming, Rusell Smith submitted
the following documentation
The iBox is pertaining to all questions that management has REFUSED to answer. It is why the OTC has a CE designation on this. It will come down as soon as management files the answers to the posted discrepancies.
Until management provides satisfactory answers the iHub board this is used to make regulators aware of these questions evidence.
Multiple Classes of Stock
Wyoming Law
Off now to report on IGRW, VIRA and FITX tie in to this criminal conspiracy.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM