Discovery Minerals LTD (DSCR)

[Ryan8]

$74 Dollars in Assets vs.Undisclosed DSC Escrow Liability

$74 in Cash vs. $838,515 in current liabilities, with no mention of the unrefunded DSC Coin.



DSCR management "diligent search of commitments and contingencies" yet forgetting about the DSC coin liability



Source: Page 12
www.otcmarkets.com/otcapi/company/financial-report/344296/content

Escrow established December 2021 for DSC Coin Refund



Source: Page 13
www.otcmarkets.com/otcapi/company/financial-report/344296/content

Etherscan on 8/22/2022 foe DSC Coin. Note not one transaction, buy or REFUND recorded in over 400 days

Source:
https://etherscan.io/token/0x0FB085158e377B035d67F4Fd5105c338273c9876





Source: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1

We see that with $74 in the bank, no DSC coin refunded and management's refusal to document this liability (commitment and contingencies) in the financial statement.

Just another example of $DSCR inadequate financial information provided by management at the detriment of the minority shareholders.

What is truly disturbing is the unaddressed ALT 5 Sigma repsonse on January 22, 2022 to all the buyers of the DSC Coin.



Text of email received by all DSC Coin buyers

ALT 5 Sigma | Next-Generation Blockchain Financial
IMPORTANT LEGAL NOTICE: ALT 5 Sigma – Discovery Minerals / DSC Coin.

26 January, 2022

IMPORTANT LEGAL NOTICE REGARDING ALT 5 Sigma Inc., and Discovery Minerals Ltd., and the Discovery Minerals Coin.

We are writing you further to the receipt of inquiries from Discovery Minerals’ shareholders and or purchasers of the Discovery Minerals Coin as it pertains to the role and relationship of ALT 5 Sigma Inc. and Discovery Minerals Ltd.

On March 9, 2021, Discovery Minerals Ltd entered into a technology and consulting agreement with ALT 5 Sigma Inc. to build the technology framework for the sale of the Discovery Minerals Coin. ALT 5 Sigma provided the technology and consulting services to Discovery Minerals and Discovery Minerals proceeded with the sale of its coin whereby proceeds from the sale of the coin were remitted to Discovery Minerals Ltd and more specifically to the company’s president, Mr. Russell Smith.

ALT 5 Sigma Inc. provided technology and consultancy services only and was not party to the sale of the Discovery Minerals Coin.

It should be noted that Discovery Minerals Ltd. proceeded to file false and misleading statements with the OTC Markets namely the name of the control person of ALT 5 Sigma Inc. as being Brian Scott is incorrect. Neither ALT 5 Sigma Inc., nor Brian Scott entered into any loan agreement with Discovery Minerals Ltd. for the reimbursement of the Discovery Minerals Coin.

Shareholders, Stakeholders and or Discovery Minerals Coin holders should read the most recent filings by Discovery Minerals Ltd. at

https://www.otcmarkets.com/otcapi/company/financialreport/315640/content. More attention should be placed on Note #8:

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.

We therefore ask that you contact Discovery Minerals Ltd. If you have any questions and or comments regarding the company, its coin and or the refund.
Sincerely,

ALT 5 Sigma Inc.
ALT 5 Communications
420 Lexington Ave., New York, NY 10170
Unsubscribe

Source:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167646217

DSCR as a result of inadequate financial information, has more question than answers, all at the detriment of the minority shareholders.

End Report -0148 Delta