Airborne Wireless Network (ABWN)

[Hasten60]

I think the money they are raising is to provide for the installation and configuration of the antennas and equipment needed to complete the 20 plane test. I would imagine outfitting 20 airplanes with the equipment is expensive. The company knows that not completing the test on time and successfully would be death to the company. Not sure what they can do at this point to "pump up the stock", they really don't have any news to report.
These are quality people running this company. I do believe they will be successful with this technology.
When the test is successfully completed with the 20 planes (one full cluster) we will see a run up in the stock price, until that test is completed I don't expect much.
While the agreements they are signing to raise capital do not seem to be advantageous to the company, in the grand scheme of things when this takes off the money the owe will be chump change.