Digital Locations Inc (DLOC)

[Ecomike]

This horse has already lost 3 races, and keeps entering new races in the hopes it will win the lottery.

When Byron takes half his salary, and buys retail shares (not new shares at a 65% discount to retail) at retail with half his annual salary, that will get my attention!!!!

Selling new shares at 65% off of retail is not the way to treat retail investors. As it currently exists, there is no way this company and stock will make it to a big board to trade, unless some thing real actually happens besides endlessly entering new horse races with a new horse every 6-12 months.

IIRC the new available shares bylaws was raised to 500,000,000 shares from 200,000,000 while they did a 40:1 R/S.

Why would they raise it to 500,000,000 shares at the same time as R/S if they are not planning massive dilution, again, after a 40:1 R/S?

I still hope they come up with a viable new process, but after 3 years, I have lost my big risk appetite here, for now.

If you really want to play this stock go buy the cheap shares direct from CABN and sell them at retail to the dreamers for a 200% profit, to retail investors who can stomach 80% losses while they hold the bag, if you want make money here.

"

but I think Carbon Sciences is going to succeed in the end

"

Maybe, but in the end we are all dead too!

What do you think, he should do it for free?

Lee Iaccoca did it for Chrysler in the 1980's for $1/year plus stock options as Chrysler neared bankruptcy. And he turned them from a multi-billion dollar per year loss to an 8 billion dollar profit in 3 years, and paid of the US Gov loan of $3 billion 7 years early.

IMHO they are also keeping the project alive to pay their fat pay checks!

Post reverse split (after the 40:1 R/S) they have about $260,000 in cash equity (they are loosing over $1,000,000 per year), as of the last 8-K filed friday, and about 5 million shares after the R/S. 260,000/5,000,000 is a .06/share cash value of stock holders equity (after the R/S, which will be gone in a month or two, for a stock with a retail price of 40 x .07 = $2.80/share

I am not paying $2.80/share for a company that sells shares at a 65% discount, to raise the stock holders cash equity 1% cash (.06/share) to the feed the kitty bank every month or 2 to pay the CEO's salary, while we get endless promises of a possible future.

The math says that by June the old investors will have been diluted 99%, with more to come. Investors like me that bought shares over 2 years ago, now own 99% less of the company, and before the R/S are down 80% on the retail price.

I my world, if a company is making R&D progress (real progress), they should be able to raise money at premium to the earlier stock price, if they have added any real value to the company with the cash from earlier stock sales.