Digital Locations Inc (DLOC)

[Ecomike]

Up to that day, $4.00 had held as the low since the day of the reverse split (IIRC). The day I made that post was the first day (I believe) that shares traded for under $4.00 ever since the day of the R/S. They had traded between $4.00 and $6.00 low to high since the day of the R/S IIRC.

One of the ultimate signs of price direction is making a new low, or a new high. I said back on the day of the R/S that it would not go any higher than $6.00, and that it would eventually drop to about the $2/share due to pending dilution that I expected, before any real major financial breakthroughs for the company, like a JV deal with real money behind it.

The stock could retest $5 before falling into the $3 to $4 area. But I have been the lone wolf, or bear here since shortly before the R/S. I followed and owned shares here since late 2008. But I sold at about $6 the day of the R/S.

Their latest report said they raised $600,000 of a $2,000,000 private offering of new shares, they failed to mention the offer price of the private offering!!! LOL No doubt that failure was a minor oversight, LOL. I am still on the sideline here. The latest news just says they added to the overhead, two new scientists on the payroll. That should speed up the cash burn rate.