In June / July 2018 DSCR increased authorized capital from 5,000,000,000 to 10,000,000,000 common shares. In this The management and advisors bypassed a mandatory meeting, mandatory vote and disclosure of this increase in capital in subsequent event filings for over 3 years.
This is text book negligence. Without DSCR increasing the authorized capital the PUMP & DUMP of 2021 could not have occurred.
What we discovered is below, please feel free to confirm:
1. CUSIP Number: 25470V109 2. Name of Issuer: Discovery Minerals. Ltd. 3. Incorporated: Nevada 4. Authorized Common: 5,000,000,000 5. Par Value: $0.00001
In the latest filing from Discovery Minerals Ltd. Annual Report for January 13. 2023. for period ending September 30, 2022, it states the following:
1. CUSIP: 25470V109 2. Par or States Capiral: $0.0001. and not $0.00001 4. Total shares authorized: 10,000,000,000 and not 5,000,000,000
Discovery Minerals Ltd., CUSIP number 25470V109 states it is for 5,000,000,000 common shares when the annual report states that is has 7,437,913,081 common shares outstanding?
If this is correct, which can be confirmed by contacting CUSIP directly at https://cusip.com, would this mean that Discovery Minerals, Ltd., has sold more than 2,437,913.081 shares, over its CUSIP 25470V109 reported authorized capital?
IMPORTANT LEGAL NOTICE REGARDING ALT 5 Sigma Inc., and Discovery Minerals Ltd., and the Discovery Minerals Coin.
January 26, 2022
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
Did Any of the DSCR shareholders have notice of this.
Fred Schiemann was banned from practicing in front of the commission, as evidenced in Glod Entertainment Group, Inc. SEC Comment Letter dated Janauary 30, 2017
This is due to the fact that Fred Schiemann received a permeant injunction in Federal Court
"The Commission announced that on June 16, 1993 the Honorable Edward C. Reed, U.S. District Judge for the Northern District of Nevada issued a permanent injunction against Fred V. Schiemann (Schiemann) of Reno, Nevada.
The order enjoins Schiemann from aiding and abetting future violations of the antifraud provisions.
Schiemann consented to the issuance of the permanent injunction without admitting or denying the allegations of the Commission's complaint.
The issue of the amount of disgorgement was left open.
The complaint alleged that while acting as a certified public accountant for the company, Pacific Waste Management, Inc. (Pacific Waste), Schiemann fraudulent inflated assets of the company in two audited financial statements distributed to the public and market makers.
The inflated audited financial statements were relied on by an attorney to issue an opinion that those selling the securities of Pacific Waste need not comply with Rule lSc2-6. Broker-dealers relied on the opinion and did not comply with Rule 15c2-6 when soliciting the securities of Pacific Waste to their retail customers. Schiemann was aware that these audited financial statements would be relied on for this purpose. [SEC v. Pacific Waste Management, Inc .. et al., Civil No. CV-N-93-232-ECR, USDC Nevada] (LR-13704) "
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