Airborne Wireless Network (ABWN)

[flave]

"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."