Once the SEC starts the suspension season DSCR is on the chopping block here is why?
SEC Suspension Coming for DSCR
14 Weeks ago DSCR got caught with a financial discrepancies on its mandatory financial statement with OTC Markets
On September 27, 2021 Discovery Mineral was delegated to the expert only trading tier of the OTC Market, in this tier you can only receive unsolicited quotes.
With virtually no Market Maker coverage it is easy for a MM to create its own voltality and trade in between the spread. This is what we are seeing now, and why over the last 14 weeks Discovery Minerals stock price has dropped more than 95%.
Discovery Minerals is refusing to address the following in a public disclosure document. To do so would benefit miority shareholder and implicate management of Discovery Mineral of scienter for the criminal activity, they are trying to conceal including:
1. Misrepresentation of DSC Coin Sale.
On May 11, 2021, the managment of Discovery Minerals Ltd. a Wyoming Corporation, sent out a press release, announcing the launch of a Ethereum token offering. *1
In that nationally disementated press release, Discovery Minerals, Ltd., represented that the DSC Coin was backed by more than $100,000,000 in assets.
"..."...The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin..." ACTUAL QUOTE HOLY SH*T
Upon examination of Discovery Minerals Ltd., latest publicly filed financial report filed on August 16, 2021 for period ending June 30, 2021, Discovery Minerals, LTD reported zero in revenue and assets of $238,000. *2
2. A financial misepresentation of more than $100,000,000 represented "backing" the DSC Coin.
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.
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)
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.
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.
That 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.
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