Airborne Wireless Network (ABWN)

[Pennyprof]

This is another reason the stock just keeps dropping:

Reverse Stock Split.

(a) If at any time, the bid price of the Common Stock equals to or is lower than $0.25 per share for three (3) consecutive Trading Days, then, within 30 days following the last Trading Day of such period, the Corporation shall effect a reverse stock split

Conversion Price.
The conversion price (“Conversion Price”) for the Preferred Stock shall equal the lesser of (i) $0.71 per share of Common Stock (the “Set Price”) or (ii) 82.5% of the lowest VWAP during the five Trading Days ending on and including the Conversion Date; provided, however, that for the first fifteen (15) calendar days following the date hereof, the Conversion Price shall not be less than $0.25 per share, as adjusted from time to time pursuant to Section 6