Discovery Minerals LTD (DSCR)

[Ryan8]

DSCR has 3 classes of Stock Outstanding

and NOT 1

class of stock which they represented to the Secretary of State of Wyoming, This is what they relied upon to bypass the mandatory shareholder meeting.

Now you know why DSCR is and always will be in Caveat Emptor Status

17-16-1005. Amendment by board of directors.

(iv) If the corporation has only one (1) class of shares outstanding:

(A) To change each issued and unissued authorized share of the class into a greater number of whole shares of that class; or

(B) To increase the number of authorized shares of the class to the extent necessary to permit the issuance of shares as a share dividend.

Here is your Proof on more than one class of share



Then add how DSCR in mandatory reports filed with the OTC omitted this from disclose, and you see the real problem this company had.

Summary - No revenue only means of paying bills = selling stock. In 2018 they ran up against there 5,000,000,000 authorized amount and had a $300,000 convertible debenture they needed to convert.

This is where the reincorporation came in, it was a beard to disguise the increase in authorized capital from 5,000,000,000 to 10,000,000,000 & how they lied to the Wyoming Secretary of State to pull this off.

In context the shares that were sold in the April to May 2021 pump and dump were illegally created shares from this non shareholder approved or even disclosed authorized capital increase.