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Volume way down suggests that dilution is finished. Today we dipped because of panic sellers from this R/S nonsense!
Today's selling once again just due to fear. Yesterday bears posted all about A/S increase. People panic and stop losses caused drop. Today same story! People post all about a R/S and once again people panic and cause stop loss selling smh
CONFERENCE THEY ARE SPEAKING AT IS HUGE!
https://emtechhk.com
OCTX is on the BID now
This is not dilution we are seeing. This is shaken sellers. We are not seeing what we saw the last few days! In fact I see a bottom has formed near .013 :D
Remember the first rule of a bear or short. They will say or do anything to get you to sell! They will say news is not significant or that RS is coming. They want to scare you. Ignore it and do your own DD.
This is going to fly today! :D I think we see more news come the next few days. They want to get this back over .25 to avoid the R/S which they easily can do with that gap at .35!
People talking like a r/s is certain need to realize there would need to be a vote in order to do such a move!
Ignore the noise and fear here!
Let's be real for a second. This was a $3 stock just 6 months ago and a .20 cent stock 6 days go. Dilution or not this is way oversold! This is going to pop back up. People want to pretend that they have made some great discoveries. truth of the matter is that most of the information cited is a month old now! NONE IS NEW! We know dilution is occurring but breath people and use common sense. This is not going to get diluted to the full 1.5 billion or even the outrageous 1.1 billion prediction. We will be green tomorrow. This is down from .20 6 days ago and people do not think we see a bouce xD
$ABWN is a buyout candidate by google!!!!!
https://x.company/loon/
Project loon $GOOG project would be a PERFECT partnership or buyout. $GOOG aims to give everyone wifi with air balloons. But what if they could do the same thing with infrastructure already in place. That is where $ABWN patented technology helps! They can revolutionize the whole interconnected internet space. On top of it there stock is dirt cheap! They were .20 just 5 days ago and 1.50 3 months ago! They are primed for a bounce from current levels and with a proven system that works I would say even a buyout is possible right now!
THEY ARE WORKING WITH GE, iNTELLICOM Technologies, Inc.!
https://www.prnewswire.com/news-releases/airborne-wireless-network-enters-into-support-agreement-with-ge-aviation-a-ge-business-unit-300571822.html
https://www.prnewswire.com/news-releases/airborne-wireless-network-enters-into-service-agreement-with-intellicom-technologies-inc-to-advance-development-of-its-proprietary-technology-300576161.html
https://www.prnewswire.com/news-releases/airborne-wireless-network-receives-faa-approval-to-conduct-cessna-flight-tests-300656190.html
"The goal of this demonstration is to test how quickly the Company's patent-pending algorithms can resynchronize the optical link and transfer large data files. Our sophisticated software technology will be used to take thousands of samples and calculate the precise location of each aircraft assigned to the mesh network. We think of our FSO technology as fiber optics without the fiber."
THIS WILL NEVER GO UNDER A PENNY!
JUST REMEMBER VOLUME COMES BEFORE A MAJOR MOVE! ALREADY 100,000,000 SHARES TRADED TODAY!
A/S DOES NOT DETERMINE PRICE! O/S DETERMINES PRICE!
Companies raise A/S for many reasons but I can tell you that if you think this will not bounce based on that I would suggest you move along.
THIS WILL NEVER GO BELOW .01!
This was .20 last week and $1.5 just 2 months ago xD
Is is pretty obvious to me that the drop today was not due to dilution but the fact that the A/S was raised, which in its self is not a big deal. What do you people think it going to happen? That they will dilute all 1.5 billion? THEY ARE DONE WITH DILUTING PER THE LAST PR. They raised it to be complaint with SEC standards.
Again...? THIS HAS NEVER BEEN SUB PENNY!
Actually the biggest cause of the drop this morning was the A/S increase. Which the bears touted as a reason to sell all night.....fools people who do not know the difference between O/S and A/S xD
There is a very strange amount of shorters here on the forum today.
Shorts in here full force today. xD
Firstly it was 350 million. Secondly not a sure sign. Thirdly this isn't news I saw it was 1.5 billion this morning. Nor do I think anyone should get that concerned over it. Many companies like to have a high A/S to be prepared.Any investor who did DD this morning would have saw that. keep in mind OS is the factor for market cap and not AS. So the price is still very underwhelming and I still expect to see a major jump in price for a dead cat. Finally dilution is all but finished.
Take a look at $ABWN it is an interesting company that is revolutionizing internet as we know it with a unique state of a system that uses airplanes as basically one giant wireless network! It may be one of the coolest stocks I have ever seen with massive potential. But the best part is that this was $1 3 months ago and .20 just 5 days ago. It has seen nothing short of a major crash as a result of dilution from a mandatory convertible that started end of May. The good new is that it seems it is done and the stock is primed to explode from a deadcat bounce with an awesome setup with an RSI of 6 and a gap at .35! This will run hard and fast when it goes and I expect it to occur tomorrow based on current charting and setup!
Take a look at $ABWN it is an interesting company that is revolutionizing internet as we know it with a unique state of a system that uses airplanes as basically one giant wireless network! It may be one of the coolest stocks I have ever seen with massive potential. But the best part is that this was $1 3 months ago and .20 just 5 days ago. It has seen nothing short of a major crash as a result of dilution from a mandatory convertible that started end of May. The good new is that it seems it is done and the stock is primed to explode from a deadcat bounce with an awesome setup with an RSI of 6 and a gap at .35! This will run hard and fast when it goes and I expect it to occur tomorrow based on current charting and setup!
Um.....what? Where in the world do you get that number?
Whoa! I have NEVER seen Clay this bullish on a stock! I do not think I have ever seen him review a stock based on a bounce. Very interesting!
Yes but the sheer amount of volume these past 4 days you have to figure that any dilution is almost completed. The company itself has never made any comment on the manner. But I am sure they are aware of the share price.
CHECK OUT THERE WEBSITE!
https://www.airbornewirelessnetwork.com/index.asp
I picked up 150,000 today
I still think we formed a solid bottom today!
They say volume precedes price right?
I have never seen a stock so beaten 0_0
Sure looks like a support at .02 was found!
350 million allotted shares. May 22nd a note was due. That is when the drop occurred. $75,000 was due for that note. Even at current prices that would be 3 million shares needed to be traded from then and now. This is the only convertibles due. Now there were 100,000,000 shares outstanding as of April 9th. So the dilution from then has bee extreme.
By my math dilution should be close to being done if not already!!!
They actually have 350 million allotted shares now per the last 10-Q
Bought!
Holyshit this was .40 just a month ago xD What happened here..?
How is did this drop so much in one year...?
Should be a pretty epic day for this stock I think!
Good first post xD