The Quiet Storm

[DTGoody]

I asked the chat GBT about the DLOC 8-k and this was the response?

What do you think of these 8-k's released by the company? https://www.otcmarkets.com/filing/html?id=16717137&guid=DiT-knnQ9Hqkdth
Sent message. What do you think of these 8-k's released by the company? https://www.otcmarkets.com/filing/html?id=16717137&guid=DiT-knnQ9Hqkdth
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Searching for: https://www.otcmarkets.com/filing/html?id=16717137&guid=DiT-knnQ9Hqkdth

Generating answers for you…

Generating answers for you…

The 8-Ks are forms that the company files with the SEC to report any material events or changes that may affect its business or financial condition1. They are meant to provide timely and accurate information to investors and regulators.

The company has filed three 8-Ks on June 6, 2023, June 7, 2023, and June 8, 2023. The first one reports the sponsorship agreement with FIU to conduct the project of direct phone to satellite communication2. The second one reports the appointment of Dr. Armando Barreto as a director and a member of the audit committee of the company3. The third one reports the resignation of Mr. William Beifuss as the CEO and president of the company and the appointment of Mr. Richard Berliner as the new CEO and president.

I think these 8-Ks show some significant developments for the company and its project. The sponsorship agreement with FIU indicates that the company has secured a reputable partner and a source of funding for its research and development. The appointment of Dr. Barreto, who is a professor of electrical and computer engineering at FIU and an expert in signal processing and human-computer interaction, suggests that the company has added some technical expertise and credibility to its board. The resignation of Mr. Beifuss and the appointment of Mr. Berliner, who is a veteran real estate developer and entrepreneur, imply that the company has undergone a leadership change and a strategic shift.

However, these 8-Ks also raise some questions and uncertainties for the company and its project. The sponsorship agreement with FIU does not specify how much money or resources FIU will provide or what are the expected outcomes or deliverables of the project. The appointment of Dr. Barreto does not guarantee that he will be able to contribute effectively or positively to the company’s vision or direction. The resignation of Mr. Beifuss and the appointment of Mr. Berliner do not explain why the change was necessary or what are the implications for the company’s operations or performance.

Therefore, I think these 8-Ks are mixed signals for the company and its project. They show some progress and potential, but also some challenges and risks. They may generate some interest and excitement among investors, but they may also require more clarification and verification.

I hope this helps you understand these 8-Ks better. ??