The only thing that I was looking at was the addition of 9000 shares of preferred stock at 1000 ea, and whether that was going to cause dilution.
There was a big discussion on another iHub board that I post on, when the company was authorized by a vote by us share holders to increase the amount of available shares. Many shareholders worried that there would be an immediate dilution, but the company assured everyone that they would only sell the shares as necessary. The shareholders voted to allow the company to have more shares available to issue. I believe that the company said that they could sell the additional shares to prevent a take over of the company. They didn't point it out but they do have a much larger partner. They also said that they wanted to have the shares readily available so they could react as quickly as needed. That was Nov. of last year and so far as I know they haven't issued those shares. This other company does a pretty good job of keeping its investors informed.
When I talked with the ABWN PR rep. I asked him about these Form S1/As and he told me that they were not being exercised and so couldn't cause dilution. When I looked at this latest amendment 10 it said in so many words highlighted in red that it was incomplete and that the proposed increase in shares wouldn't be exercised, which was what I put in my previous post.
I was concerned about NRs post as well, The info on the Yorkville deal should be listed in the Form S-1/A, as it looked like all of the stock deals ABWN made with different companies and investors were listed. I think they are required to do this as part of the approval process to issue additional stock.
Again I am no expert but I think Yorkville could only convert into common stock shares that have already been approved. There probably are shares that could be issued if and when they convert into common shares. I would think that it would be in Yorkvilles best interest to wait until the stock was up to some healthier amount before they exercised their right to convert.
I really don't know anything about Yorkville, I was planning on seeing what I could find out.
