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Sunday, January 23, 2022 5:26:18 PM
Investigative Report - https://investorshub.advfn.com/Discovery-Minerals-LTD-DSCR-7600/
What is the Par Value of Discovery Minerals, Ltd. Common Stock?
1. Is it $0.00001 as Per the OTCMarkets
1.a Source:OTCMarkets https://www.otcmarkets.com/stock/DSCR/security
OR
2. Is it $0.0001 as Per Wyoming SOS Filing (from July-2-2018 to CURRENT ) or
2.a Source:https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=110028154016030013238250196054172072183198118054
2.b Common Amendment - 2018-02341658 Date 7/11/2018 page # (1-2)
OR
3. Is it $0.01 as Per Wyoming SOS Filing (from June 20 to July 2,2018)
3.a Source: https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=110028154016030013238250196054172072183198118054
3.b Title: Common Amendment - 2018-02341658 Date 7/11/2018 Page 1-4 of 43
4. Discovery Minerals Ltd., Mandatory OTCMarkets Filing Report analysis between
(June 20, 2018 to July 31, 2018) Analysis.
4.a The problem in ascertaining what the par value of Discovery Minerals Ltd., common stock capital is.
Stems from management's, conscious decision to omit the details and even the existence of the increase
in authorized capital, from 5,000,000,000 to 10,000,000,000, on or about July 2, 2018.
4.b From July 2, 2018, to December 15, 2021, DSCR filed 26 mandatory reports,
4 legal opinions, and 1 late filing NT Notification.
4.c FROM ALL of the mandatory OTCMarkets, filed reports.
(Spanning the time between July 28, 2021 to December 15, 2021). DSCR filed:
Source:
https://www.otcmarkets.com/stock/DSCR/disclosure
5. Not 1 report filed or legal opinion submitted could it be found that Discovery Minerals, Ltd.:
5.1. How Discovery Mineral Ltd, increased Authorized Common Stock Capital from
5,000,000,0000 Par Value. $0.00001, to 10,000,000,000 Par Value $0.0001;
5.2. Increases in the paid in capital from $50,000,000
=(5,000,000,000 x $0.00001) to $1,000,000 =(10,000,000,000x $0.0001;
5.3. That management increased the Common Stock Capital, by filing an amendment with
Wyoming Secretary of State on July, 2, 2018, to change it from the June 20, 2018
4,986,999,994 common shares Par Value $.01 to
10,000,000,000 common shares Par Value $0.0001
5.4. That management increased the Common Stock Capital, in #3 above in compliance
with Wyoming Statute W.S. 17-16-1005.
5.4.a
5.4.b
5.4.c
Source:
https://law.justia.com/codes/wyoming/2014/title-17/chapter-16/article-10/section-17-16-1005
5.5 That management increased the Common Stock Capital, from 5,000,000,000 to 10,000,000,000
on July 2, 2018, without a shareholder meeting or vote in #5.4.b & 5.4.c above
with management of Discovery Minerals Ltd., knowing it had multiple classes of stock issued and outstanding.
5.5.1 On March 31, 2018 (BEFORE June 18, 2018 resolution to increase authorized capital described in #5.4(a-c)
inclusive); DSCR file a report for 2nd quarter, with declaring in the mandatory report that Common Stock Outstanding
was 4,986,913,093 with Stated or Par Value of $0.00001. 232,752 Preferred C Stock Outstanding.
5.5.2 In #5.5.1 Discovery Minerals Filed this report for period ending March, 31, 2018 on July 27, 2018. This was
twenty five days after management filed its amendment to increase authorized capital described in #5.4 (a-c).
Source:
https://www.otcmarkets.com/otcapi/company/financial-report/198326/content
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