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Difficult to see in the photo, which proves one of the points in the related text, is a spot about an inch in diameter that causes some concern. It appears to be a hole that was filled prior to paint. If a sheetmetal patch has been welded in place, the telltale ring would most likely not appear. Although I have not yet verified the condition, it looks like the hole was simply filled with plastic filler that has now shrunk, thus pulling away from the paint. A replacement panel (aftermarket or salvage) or welding a sheetmetal patch will be the correct remedy for this. By the way, the silly DUB emblem has already been removed.