Discovery Minerals LTD (DSCR)

[Ryan8]

Misrepresented $100,000,000 Assets, To Sell $2,538,000 in Coins.

Simple coloring book connect the dots here. Discovery Minerals Ltd. Created a wholly owned subsidiary called Discovery Minerals Coin.

Creates a Token, closes a deal with a payment processor and sells 1,200,000+ DSC tokens between May 11, 2021 and June 30,2021.

On the June 30, 2021 mandatory report Discovery Minerals, LTd. omits 3 times disclosure of DSC Coin. Then goes as far as taking the Https://discoverymineralscoin.com website down.

Why would management goto to such great lengths as to conceal this from the minority shareholders of Discovery Mineral Ltd?

The answer is that Discovery Mineral lied to Coin buyers and represented that the coin was backed by 2,100 Ethereum, 2,100 Bitcoin, 2,100 Ounces of Gold and 2,100 Ounces of Silver. To report this in mandatory filings would expose management to the fraud they told DSC Coin buyers.

To make matters worse, managment decided to conceal this mistake when identified and refuses to correct teh public disclosure document to relfect adequate financial information about Discovery Minerals, Ltd.

Every day that management refuses to address this the minority shareholders suffer.

Since September 27, 2021 this is down more than 90% & is the exact conduct that the SEC has suspended companies in the past for doing.

Further Due Diligence

2. A financial misepresentation of more than $100,000,000 represented "backing" the DSC Coin.

*2 Source: page 12 (no revenue) & 13 ($238,000 assets) https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

3.Through this misrepresentation of assets "backing" the DSC Coin. Discovery Minerals, Ltd was able to sell & transfer $2,538,000 worth of DSC coin sales, between the time period of May 11, 2021 to June 30,2020 *3.

*3. Source: https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1#balances

4. On August 16, 2021 Discovery Minerals Ltd., filed a mandatory current financial report with the OTC markets. This report covered the time period between March 31, 2021 to June 30, 2021 and should of included disclosure of the $2,538,000 worth of DSC Coin sales, it did not. In this report, Discovery Minerals Ltd. consciously conceals disclosure of the DSC Coin Offering three times including:*4.

Omission 1. The reporting of zero revenue;
(Page 12 of *4)

Omission 2. Disclosing the method of booking revenue, consistent with the DSC Coin sale;
(Page 16 of *4)

Omission 3 Subsequent Events section, omitting that the DSC Coin offering existed.
(Page 22 of *4)

*4 Source: https://www.otcmarkets.com/otcapi/company/financial-report/296352/content

5. To further conceal DSC coin offering sale of $2,538,000, Discovery Mineral Ltd., purposely took down the DSC coin offering website as seen here.
https://discoverymineralscoin.com

An archive of the DSC coin offering website, shows the extreme level that managment went to, to conceal the $2,538,000 in DSC Coin sales from the minority shareholders of Discovery Minerals Ltd.

*5a (archived) Discovery Minerals Coin offering website
https://web.archive.org/web/20210517233805/https://discoverymineralscoin.com/

The minority shareholders have lost 95% of the value of their stock since September 2021. The main driver of this, the market has discovered the negligence of what management has concealed.

This is why this company needs to be suspended, until Discovery Minerals Ltd., can explain these disrepancies to the market, the minority shreholders will continue to lose money in this stock.

When you have had enough the SEC has a one page website to lodge a complaint. Took me 3 minutes, and that was because I was waiting on my coffee.

https://www.sec.gov/oiea/Complaint.html

If you want to file with the Attorney General of Wyoming the website is. https://attorneygeneral.wyo.gov/