Digital Locations Inc (DLOC)

[Ecomike]

While the PR sounds like great news, I am still concerned about the lack of actual data, and particularly concerned about the way he worded this last PR, claiming it now has 1000 test hours at "a commercial facility". All the prior PRs said they were running a "commercial test", and the only place they had to run that test was the new partners lab (since no one else was mentioned, and since a lab test using a commercial feed was the next logical step), using what I would call a commercial feed, versus a lab grade feed, note that lab grade chemicals are extremely pure, unlike industrial (commercial) grades, and one of the industry concerns would be catalyst poisoning by traces of junk in the commercial CH4/CO2 feed mix which would be too costly to remove, it sounds to me like Byron is stretching his story beyond the reality of the current status. If this was a China stock today, the shorts would hang him out to dry for this error!

My concern is that they either did not tell us previously that there was a commercial site doing the test, or Byron has stretched the truth here by making a commercial feed stock lab test sound like a commercial site production test!

I already posted all my previous reservations of the current stock price, post R/S, and my doubts about where the stock price will end up after dilution to raise enough money to be able to get this company upgraded to a major exchange, before it has a JV deal and outside funding from a real customer willing to spend their own money.

The price is already down 30% from its recent $6/high. For now I am hanging onto my dry powder, for the eventual bad news in the next 10-Q, which will reveal the latest round of dilution and its cost.