And you are forgetting FINRA will not allow 3 reverse splits. They will allow 1 for sure. Second one they will probably allow but not back to back, so they will allow the second one after a few months after the first. They won't allow more then 2 in a year and after the first one they won't allow the second one for awhile. FINRA started getting like that a couple years back.
Great Basin and Rennova, Dry Ships, Free Seas, companies like that were all Nasdaq when they were allowed back to back reverse splits. FINRA doesn't allow OTCs to reverse split back to back like those. If you think ABWN is going to get to do 3 reverse splits all in a short period of time then you are going to be surprised.
Maybe that is the plan of the toxic converters, to short this to death and use reverse splits back to back to back to create room to short again each time. If so then they have made an error because now pps is 0038 and they don't have much room to work with. They can get the first reverse split through but after that it will.be months before FINRA allows another one. If they want to finish their conversions later in the year then the share price will have to rise on its own some. Otherwise, the toxic converter is going to be left cornered in as they will have a 0038 share price and only 1 split to work with for months. The converters are going to need a higher share price to work with to dump more conversions and short later.
Converting and shorting is more profitable starting at a higher share price. 1 reverse split for months isn't going to get the stock up high enough for them to clear out their conversions.
Knowledge + risk taking = prosperity
