Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
and at 14, at 17, at 20, at 30...come on !!!!! wy don't you guys speak like men ??? what are you so scared of ???
gempicker...it would indeed be interesting to find out that FB never had any real business or MOU with Mynaric in the past, and suddenly they are testing lasers with them ground to air !!! Hints of JV with ABWN ????
you are correct...that 13g on 6/1/18 was a bit confusing...apparently, six entities connected to Anson funds collectively owned 10% of ABWN, not 60%...but the Sykes-Kassam connection is worth investigating...there is definitely a strong short and perhaps stronger naked short position instigated by Sykes and Co.. Also, Kassam started out as a short and probably still is in most of his dealings with the market...
Somebody more knowledgeable than me about this company should investigate this...
On May 23, 2018 AWBN issued MAXIM 8,000 units, 1000$ each of the Co's Convertible PS with warrants to purchase 3 more CPS...Before this Anson Funds, which is closely tied to the famous short Timothy Sykes used to own 60% of the company...Is it possible that Tim and Anson are using their share of the company to heavily short/naked short it and thus the current predicament ????
On May 23, 2018, Airborne Wireless Network (the “ Company ”) entered into an Underwriting Agreement (the “ Underwriting Agreement ”) with
Maxim Group LLC (the “ Underwriter ”). The Underwriting Agreement was entered into in connection with the previously announced public offering of 8,000 units, each consisting of one share of the Company’s Series A Convertible Preferred Stock and one Series 1 warrant to purchase one share of Series A Convertible Preferred Stock, one Series 2 warrant to purchase one share of Series A Convertible Preferred Stock and one Series 3 warrant to purchase one share of Series A Convertible Preferred Stock, each exercisable at an initial exercise price of $1,000 per share of Series A Convertible Preferred Stock (the “ Offering ”) pursuant to
a prospectus dated May 23, 2018 that forms a part of the Registration Statement on Form S-1 (File No. 333-220295) filed by the Company with the U.S. Securities and Exchange Commission.
This is the guy that used to own 60% of ABWN till about June 11th (Anson Funds)...wonder if the sudden movements by the company since then is related to his funds ????
https://en.wikipedia.org/wiki/Moez_Kassam
Good to read this carefully...
About Airborne Wireless Network
The Company intends to create a high-speed broadband airborne wireless network by linking commercial aircraft in flight. It is projected that each aircraft participating in the network will act as an airborne repeater or router, sending and receiving broadband signals from one aircraft to the next and creating a digital information superhighway in the sky. The Company intends the network to be a high-speed broadband internet pipeline to improve coverage and connectivity. The Company does not intend to provide retail customer coverage to end users but, instead, act as a wholesale carrier with target customers, such as internet service providers and telephone companies.
Currently, the world’s connectivity is achieved by use of undersea cables, ground-based fiber and satellites. The Company believes that the Company’s airborne digital highway may be a solution to fill the world’s connectivity void. The Company’s network, once developed, should provide low cost, high-speed connectivity to rural areas, island nations, ships at sea, oil platforms, in addition to connectivity to commercial and private aircraft in flight.
In other words, the company is sure about its soon-to-be-patented technology that would make it a "high-speed broadband internet pipeline" in order to "act as a wholesale carrier with target customers, such as internet service providers and telephone companies"
Patience is the key here (telling myself)...
gempicker...this post of yours makes sense...When I first came upon the June 21 PR on Issues Update, I was puzzled by the added phrase "the structure of the offering has the potential to generate significant additional proceeds"...didn't make any sense then, makes a lot of sense now...
We believe conversions by the investors in our convertible preferred stock have put downward pressure on our stock price, but as we previously explained, the structure of the offering has the potential to generate significant additional proceeds."
As somebody pointed out, the use of the term laser focused in the latest PR may not have been all that serendipitous !!!
"The team has been laser focused on development while employing the Company's test platforms as simulated aircraft in preparation of our upcoming two plane hybrid RF and Free Space Optic (FSO) demonstration
good stuff...you are on to something...the happenings of the past 10 days are quite baffling and your theories make sense...just hope the issued and O/S count stays flat for a while around 1.4 billion or less...
Holdingprofits...interesting...so how many shares do the Series A Convertible Preferred Stock on an as-converted basis amount to ?
That is the key to understanding this...51.9% of the O/S implies all those who know what is going on on the inside...if they decided to support the implementation of this new bizarre share structure, they must know that it is for their own good...and therefore for the good of all those who are long...IMHO, the shorts are toast this next week...
Agree wholeheartedly with this post...
"Also good to note that this is the second most read board despite the twelfth most posted. The fact is O/S is 1.5 billion. Take that with the fact it trade at $3.12 with 156 million shares and the PPS would be between .19 and .20. No doubt about it. The fact that they created a 5 trillion A/S is relevant, but they were also up against shorts and a hostile takeover. The people that created this world changing technology are NOT stupid and that's the bottom line."
The dilution by the heartless 8 million convertible PS holders reduces the stock price by roughly the extent of dilution, which happens to be from 156 million O/S to 1.4 billion as of June 28. It does not explain a reduction in the market cap of the company from $480 million pre-conversion to the current $3.4 million...the company's value has not changed...if anything, it should have increased due to the successes of the recent tests...with a 480 million MC the correct SP with 1.4 billion shares issued should be at 34c or 0.34, not 0.0024...
Screw the shorts...they are all over this stock...me thinks the company has a drastic remedy for eradicating these vermin...
From the June 21, 2018 PR...
"I understand your frustration with the recent declines in the trading price of our stock, and I am obviously frustrated as well as a shareholder and the CEO," explained Michael Warren, the Company's Chief Executive Officer. "As you know, we do not control the trading price of our common stock, which trades freely on the OTCQB Marketplace. As previously disclosed, we recently raised $8 million in the form of convertible preferred stock. We believe conversions by the investors in our convertible preferred stock have put downward pressure on our stock price, but as we previously explained, the structure of the offering has the potential to generate significant additional proceeds."
Significant additional proceeds...in other words, up to 32 million $ if all the preferred shares and warrants are exercised and converted to ordinary shares...thus the increase in A/S...
Pure and simple...the 32 M$ is like an IPO where the investors get 80% of the company and the current shareholders get 20%...does not require imagining that a large company is coming in to buy out the company...
Let us assume the A/S was raised to 5 billion...5 trillion makes no sense...they raised 8 million $ on 5/29 by issuing pref. shares which could be converted to ordinary shares...another 24 million could be raised by warrants issued to these same investors...so at a maximum the company raises 32 million $ and the A/S is 5 billion making it $0.0064/share just based on funds raised this month...add in the value of the product, etc. and this is looking at north of 0.01 tomorrow...
so if all the shares are used today the company's MC is 22 billion $ !!!!! You think ???????
wow...great job...you might as well share h size of your weapon...are you a hedge fund manager by any chance ? where do these guys come from !!!
Smilin...what folks are saying is that the email you alone posted was either false or the party that sent you that email violated many laws, the least among which is that such information has to be divulged to all at the same time via an 8K and not a personal email...
Get a grip my man...15,000$ traded thus far for a supposed multibillion $ company and you are foaming at the mouth...
A measely 40k traded on a billion $ company ??? Does not compute...looks like the Chinese hoodwinked us once again...I say let the trade war begin...they will lose and so will the Wallmarts of the world...fair exchange...
today was 7.7 million presplit because I bought a bunch of them...what I meant was $ volume, not share volume...the $ volume on a given day used to be in 200 to 500,000 $ range...it has shriveled to levels well below 100,000$/day...there is total panic by the so-called longs and they are not putting their money where their mouths are...just my observation...
Can someone explain (not addressed to the naysayers) why the $volume of the shares purchased/sold has gone down so dramatically ? If the story is the same as before, just a reduction in shares owned but not share value, then why the drop in $volume traded ? Are the old longs not buying any more even when the pre-split price is at 2c/share ? I am puzzled by the drop in enthusiasm to buy by the longs and those who continue to believe in the story of this company with so much potential...
The last one was 11/20/17...can we expect this one on 2/28/18? If so, that is just 10 days away...
So, who purchased the 56 million shares (more like 1/2 of this I believe) ?...guys like me...I bought close to a million on Friday...and I am sure many like me made the same move...why ? Because while I have taken losses several times holding this stock in the past, I always knew it was one of those rare ones with tremendous potential...the DD unearthed here is truly amazing...the drop to 0.02 was an Godsent invitation to be on board once again...and I feel very strongly, for the last time...a company like this, with the level of business it has already put together and the near term potential for e-cars in countries like China and India, going for a reverse split at this juncture can be for one and only one reason...it is to get on the big boards where the real money comes to play...I am surprised they stayed in the pinks this long...I am sure we will hear more about what the company is all about soon...those who don't own shares in this company and complain here all the time, these low lives have to be put on ignore...just for your own sanity...don't respond to them or engage them in conversation...I believe we move in a different direction soon...the bold move to initiate the move to NASDAQ is consistent with everything this company has told some clever folks here, in the past...
The board has become a cesspool of folks who have nothing else to do but shoot down a company that is already at the rock bottom...you have to be pretty stupid to believe those mocking this stock when it does not even have a bid !!!!
4 million revenues, EBITDA positive...dilution the main problem is coming to a halt soon, no doubt about it...the naysayers do not have to respond...save it for the idiots who follow you on this board...
The twitter messages were confirmed by the CEO as being his own...if you care to go back and listen...most have come true...the only untruth is the "all certs have been frozen" part...he obviously had that wrong...revenues have materialized...500k investment in equipment has been proven...LOI for a 15 million $ revenue producing co....now you believe these pinksheet co. LOIs when they materialize, not before...anyhow, this should have no impact on share price...
nfrequent...you have been the only steady guy on this board relative to protecting one's long position...there are a few others equally steady protecting their short position...
I too am positive about Robert and also the prospects for this company, although I am a recent entrant...Robert seems like an up-and-up guy, someone who has come up the right way...the fact he has held so many varied and interesting positions in office and in society says a lot about the person...more importantly, the business is a simple one and it is well run...of course, it would have been nice if he had convinced a bank to loan him the funds he needed to get the business off its foot, but perhaps he is not too smart for that kind of thing (reaching out to VCs, banks, etc.)...of course, we get the shares cheap as a result of that, although the dilution is staggering...I am inclined to take his word that the dilution is over except for a few thousand still left...however, h needs to exlain how he is going to pay back the recent tranch of 100+k he took again from those TCs (not convertible till late 2018)...a couple of properly timed and worded PRs could get this ball rolling...
Yes Carl...something is wrotten in the state of Denmark !!!
There are forces here repeating that most folks would dump at 0.0001 or 0.0002 when the volume picks up...these are the same forces that have shorted from 0.0006/7 down...they need to cover...don't listen to these folks...don't sell below 0.0005 or higher...any news on future prospects aof increased revenues either organically from within or by bringing on other entities is bound to set up a gapper, a gapper to stay this time as the business prospects are becoming clearer, and the shorts are getting jumpier...all the best to the shorts...the longs do not need luck...fundamentals are on our side...
Shorts are screwed...EBITDA (Earnings Before Interest, Taxes and Depreciation) is positive...to the shorts...KATIE bar the door...
Every point you made can be rebutted...unfortunately, only a butthead has the time to do that...either wait for things to develop or sell and move on...Cashman has no minions...in the pinkies all are suspect...Cashman appears to be the only guy with some background...evryone else could well be sitting in a cubicle in Mumbai, Manila or Medellin and fronting for the naked shorts...the 15 million LOI is just a LOI...does not add anything to the company till we know what it entails...the company is doing well as is...4 million in revenues and growing with possibly 300 to 400k net profit this year...for all who do not get that, please move on...in the end, the sh...has to hit the proverbial fan and all the naysayers are going to get sprayed with manna...
On 12/29/17 by bankrol...
Updated ss
Authorized: 20,000,000,000
Issued: 6,018,131,701
Restricted: 8,439,296
Thats about where we stand now as there has been no volume...everyone waiting with bated breath...grannystatistic waiting with bad breath !!!
No...we should blame you...you are so powerful with your negatively slanted posts...as POTUS would have stated, you should repeat daily "I am stable and super smart" !!!
Move on...show is over for those with no stake here except naked shorting...or join moveon.org...take your pick...Mr. Fantastic...
grand wizard of concoctions...much of the extra 500k in revenues this year will be net profit...they can easily spend 10 to 20 k on buying back (not saying they would)...but stop twisting the facts...the job of conmen shorting a pinkie is done here...we are up to the con game...please find another con...company about to become profitable and reshuffle the profits in buying back shares...just a matter of time...no koolaid here...brick and mortar business...nothing to imagine...build and they will buy...
Who is the most crooked POS in the OTC ????
Midnight pumper Thursday, 11/30/17 12:58:32 PM
Re: None
Post #
25379
of 31847 Go
This company is going to make all of us rich!!!! .0003s are a friggin gift! Within 3 weeks, we’ll be at .0050. Bob Cashman is killing it with monster revenues!
those who seek the comeuppance of the granny...
company is golden...no reverse split...no more toxic converts...what more do you want ? Perhaps some patience for the upcoming comeuppance...
the 5 million shares traded yesterday (actually one buy) was me...thats how confident I am Robert Cashman is going to deliver...in due time...unlike other PS companies this company has a credible business plan with real palpable revenues and potential for net profits...the stoppage of new toxic converts is a big thing....once folks realze its true...
Need some patience here (not a lot since pink sheet companies are mostly dead in the water over a long period). Also need some answers.
Assuming about 6 billion shares O/S by the time both the outstanding convertibles are converted, the MC of the company would still be 600k. For a company that is about to do 4 million$ in revenue and reasonably profitable (i.e. with positive P/E), the MC should be at least 1 x revenue (perhaps more like 2 to 3 x) and stock value should therefore be in the 0.0005 to 0.0015 range. When, nobody knows. Perhaps some PRs explaining future business booked and increased profitability might help.
What I do not understand is why the company is not taking the cash it is receiving right now and paying off those convertibles so there is no more dilution. Must be missing something. I know it will put them into a cash crunch temporarily, but diluting at this level is absurd. Anybody know how these convertibles really work ? Could it be that the parties have a right not to take cash but choose to take highly dilutive shares which they will promptly dump at market prices for a 100% profit ?
Also, whats with the LOI ? No word of it in that interview. Does not make sense for a tiny company like this to take on a 15 million $/yr generating entity w/o diluting like hell...unless the business is similar and the banks are willing to fund the acquisition...
he just gave a detailed interview...this is a pink stock with brick and mortar business...EBITDA positive...dilution has been its nemesis...hopefully, that is about to end...or so claims the CEO who BTW appears to be an up and up guy with loads of real life experience...unlike most of those who hang around these pinky stock boards and bash for a living...
Only toddlers get force-fed...use a spoon dammit...
you remind me of the guy with a mini hot dog constantly bragging of carrying about a grande hot dog...inferiority complex...get over it and brag somewhere else please...