Just received an email from Alt 5 regarding the DSC coin
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.
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
"...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...."
What is even more disturbing is the company has never issued a response to this.
Can you help me in explaining your perspective, because how I see it, I can't find your logic.
Thanks
Now when you overlay this to the information below, we see that DSCR has more questions owed the minority shareholders, than the company has addressed. Maybe this is why OTCMarkets on 12/21/2021 placed it in Caveat Emptor status, where it has and continues to remain.
1,000 of investors who lost millions of dollars in DSCR, deserve answers from the company about how this happened, and since January 2022, the company has been silent
Maybe this information below can help fill in the blanks
Since 12/21/2021 DSCR has been Delisted. In the 9 months the company hasn't addressed 1 item.
From OTC Website
OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. IE DELISTED
An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Warning! Caveat Emptor
OTC Markets Group has discontinued the public display of quotes for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol when there may be reason for investors to exercise additional caution and perform thorough due diligence before making an investment decision in that security. View our other compliance designations to learn more about how we use data to flag risks and inform investors.
The Caveat Emptor Designation may be assigned when OTC Markets Group becomes aware of one or more of the following:
Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Other Public Interest Concern — OTC Markets Group has determined that there is a public interest concern regarding the security. Such concerns may include, but are not limited to, unusual or unexplained trading activity, spam or disruptive corporate actions, even when current information is publicly available.
OTC Markets Group will resume the public display quotes if we are able to confirm that the company is eligible to be designated as “Current Information” and believe that a public interest concern no longer exists. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.