Airborne Wireless Network (ABWN)

[TheBridge]

Well, deep down I knew this was going to be the outcome. Wolf Popper LLP decided against pursuing a CA against ABWN...

Are There Assets Available to Collect Against?
While we believe a successful claim would not be likely here, according to the company’s
most recent balance sheet, it has $4.7 million in assets (including $4.1 million in cash) and
$15 million in liabilities. Thus, even if successful, collectability would be a significant
issue.

Conclusion
As I stated at the beginning of this letter, we do not represent you; we are not your
attorneys; there is no attorney/client relationship between any of you and us related to
Airborne. Also, some other law firm or lawyer might have an entirely different analysis of
the situation and might reach a different conclusion. Based on the analysis provided here,
and the fact that Wolf Popper is paid in cases only if we are successful, we will not be filing
a class action lawsuit, or any other lawsuit, against or related to Airborne based on what we
have learned about the present facts. Of course, if the facts change, we will reevaluate our
conclusion.