There are 7 pumpers on this board
and they have their pumping electronic footprints in at least 5 other deals.
How the scam works:
1. attitude that it is easier to sell stock, than execute on business plan;
2. find an attorney that will write a 4.1/2 legal opinion (for convertible holder);
3. find a transfer agent that will accept the 4. 1.2 legal opinion;
4. find "mailable management" to go for the ride;
5. management & CD hooks up with PR - (stock promotion engine);
6. issue stock until it blowbacks;
7. find an accountant that will hide material facts;
8. reverse stock split, rinse and repeat.
In DSCR FINRA stopped allowing the reverse, therefore the reincorporation as a "beard" was used to disguise this process. It also explains the reason for no shareholder vote, notice or future disclosure in June of 2018.
DSCR has 3 classes of stock, to increase the authorized capital from 5,000,000,000 to 10,000,000,000 they were required under Wyoming and Nevada law to file notice to shareholder, then vote on the matter, and last under OTCMarkets rules are required to report this in future filings under "Subsequent Events".
In DSCR all three requirement (notice, vote, disclosure) were bypassed (big surprise), what is surprising is the level of scienter (state of mind standard) of management in this process. This is the key to prosecuting a securities fraud case.
These criminals stole millions of dollars from thousands of minority shareholders, they ALL belong in prison.
Read the superseding indictment USA v RIchardson (previous post), the 64 page indictment lays out the conspiracy nicely. Same footprint and players in this.
Then there is Fred Schiemann who recently got "booted" by OTCMarkets from being a service provider. Read the list of past prohibited vendors, not looking good for Fred.
The question now need to be asked, is how do the minority shareholders get money back, that was lost in this scam. Simple, we get 3 Coin Buyers who have not received a refund to file an adverse bankruptcy against DSCR.
While the DOJ appointed trustee is doing his discovery, the class then sues the two attorneys that allowed the the 5,000,000,000 to 10,000,000,000 authorized capital increase to happen.
Jessica Lockett is with a multimember firm (partners), this tells me that they (the law firm) has errors and omission insurance. The path to getting paid lies in suing the law firm for negligence IMHO.
You taking notes Fred.
