{"id":3911,"date":"2014-02-17T15:14:36","date_gmt":"2014-02-17T15:14:36","guid":{"rendered":"\/?p=3911"},"modified":"2014-02-17T15:14:38","modified_gmt":"2014-02-17T15:14:38","slug":"discovery-minerals-ltd-otcmktsdscr-picked-up-for-a-short-ride-on-corporate-updates","status":"publish","type":"post","link":"\/articles\/discovery-minerals-ltd-otcmktsdscr-picked-up-for-a-short-ride-on-corporate-updates\/","title":{"rendered":"Discovery Minerals Ltd. (OTCMKTS:DSCR) Picked Up for a Short Ride on Corporate Updates"},"content":{"rendered":"<p> Discovery Minerals Ltd. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a>) is the typical story of a high-flying stock that fell from grace after its promotional time, and went as low as triple-zero positions, before returning for some reason in the new year. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> rounded off $0.001 after growing by 25% on dollar volumes above $456,000. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/DSCR1702.png\" border=\"0\" alt=\"DSCR1702.png\" title=\"DSCR1702.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> started revving up its game with updates and PR starting in December last year. Until then, the company was a metal miner that went through a merger with a real estate company, thus in fact becoming a vehicle for OTC trading. Strictly speaking, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> is not mining but trading in potentially lucrative mineral rights. Unfortunately, the pink sheet is not a regular filer, and its latest audited financial results are seven years old. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/STBV1702.png\" border=\"0\" alt=\"STBV1702.png\" title=\"STBV1702.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>The self-published OTC page financials are not so encouraging:<\/p>\n<ul>\n<li>No revenues<\/li>\n<\/ul>\n<ul>\n<li>$602,000 net loss for 2013<\/li>\n<\/ul>\n<ul>\n<li>$15,000 cash-like assets<\/li>\n<\/ul>\n<ul>\n<li>$656,000 total current liabilities<\/li>\n<\/ul>\n<p>What is even worse is that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> is one of the newly active tickers with a horrible share structure. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> has over 1.9 billion shares outstanding, a further almost two billion shares authorized. Recently, Mr. Russell Smith, the company&#8217;s CEO, returned to treasury a billion shares issued previously to him. As it is easily seen, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> is trigger-happy about dilutions, and so any higher price is easily wiped out by selling.<\/p>\n<p>There is little to say about <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> except that investors&#8217; forums see this ticker as a short-term selection with some potential for fast gains due to the low price. Surprisingly, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> so far has not managed to style itself a cannabis company, by now an almost sure-fire recipe to launch underpriced tickers.<\/p>\n<p>Other similar stories end in carnage. Strategic Global Ventures, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=STBV\">STBV<\/a>) also moved in to the penny range, only to lose and slide back to a tenth of the price, at $0.0017.<\/p>\n<p>For now, Intelligent Living, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=ILIV\">ILIV<\/a>) has taken a more stable position at $0.012, but it has to show more promise in developing medical cannabis products based on its health and wellness business model.<\/p>\n<p>If you still like <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> for its potential, realize that for stocks this deeply underpriced, the gains are very short-lived, so it is best to choose the time frame well. Forums predict- or at least would love to see- a growth of 1000%, and this is not so unusual among sub-penny stocks. Still, the setbacks are just as deep, going as far down as 95%. We will be tracking <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DSCR\">DSCR<\/a> in the new short week, but so far, there are enough indications of risk to warrant caution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discovery Minerals Ltd. (OTCMKTS:DSCR) is the typical story of a high-flying stock that fell from grace after its promotional time, and went as low as triple-zero positions, before returning for some reason in the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[969,1242,569],"class_list":["post-3911","post","type-post","status-publish","format-standard","hentry","category-news","tag-dscr","tag-iliv","tag-stbv"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3911"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3911\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}