Discovery Minerals LTD (DSCR)

[Ryan8]

Did Russell Smith Embezzle the DSC Coin Proceeds?

According to Alt 5 Sigma email to DSC Coin Holders on January 26, 2022, they state

"...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..."

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

Now looking at the financials filed on August 22, 2022 on page 13 it states

"...In December 2021, the Company entered into an escrow agreement whereby all coin buyers will be refunded their full purchase price

The escrow structure remains intact while the Company is awaiting the refund of the money for the coin buyers..."

Source:
www.otcmarkets.com/otcapi/company/financial-report/344296/content
Page 13 last 2 paragraphs.

Then compare this to the statement of Alt 5 Sigma public communication to DSC Coin buyers on January 26, 2022.

"...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..."

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

Then look at page 12 of the August 22, 2022 DSCR filed report.

"...Management of the Company has conducted a diligent search and concluded there were no commitments, contingencies or legal matters pending at the balance sheet dates..."

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

This report was also signed on August 22, 2022 by the very same
Russell Smith

This report is in conflict with what Alt 5 Sigma stated.

"...sale of the coin were remitted to Discovery Minerals Ltd and more specifically to the company’s president, Mr. Russell Smith..."

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

Which then compared to the Etherscan Blockchain explorer for DSC Coin, you can see, no refunds have been given.





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

With $74 in the bank, questions of the DSC Coin refund escrow and non reporting of commitments, what is truly disturbing is how to this day on the Discovery Minerals Website they still FALSELY CLAIMS that they are OTCQB status when in fact they are Caveat Emptor status since December 20, 2021.



And worse is how stock promoters are using social media to spread this FALSE STATEMENT

Source:
https://discoveryminerals.com/

Proof of DSCR Caveat Emptor status



Source:
https://www.otcmarkets.com/stock/DSCR/profile





Source:
https://web.archive.org/web/20220819214507/https://twitter.com/Ironhea74188174/status/1559525296075935754



Source:
https://web.archive.org/web/20220819214506/https://twitter.com/Ironhea74188174/status/1560561016584302592

When in fact DSCR is in Caveat Emptor status stock



Source:
https://www.otcmarkets.com/stock/DSCR/profile

This conduct has been allowed to flourish under DSCR conscious effort to conceal material information. This pattern of inadequate financial information, has and continues to hurt the minority shareholders.

Russell Smith owes the shareholders full disclosure of the DSC Coin, when we are getting our refund back and more importantly from WHO