Airborne Wireless Network (ABWN)

[beer$$money]

However ABWN is still required to spend a total of at least $5 million on or before August 3, 2019 marketing & branding!


We will be required to issue 20 million shares of common stock to Apcentive if in the three years ending August 3, 2019 we do not spend certain amounts on matters relating to our patent and the “Infinitus Super Highway” trademark acquired from Apcentive, Inc.



The purchase agreement by which we acquired our patent and “Infinitus Super Highway” trademark provides that we must issue an additional 20 million shares of common stock to Apcentive if we do not spend, on matters relating to the patent and trademark, a cumulative total of $5 million on or before August 3, 2019. The purchase agreement requires that we spend at least $1 million on or before August 3, 2017 (which goal has been met), a total of at least $2 million on or before August 3, 2018 and a total of at least $5 million on or before August 3, 2019. The issuance of these shares would be very dilutive to stockholders.


https://www.otcmarkets.com/filing/html?id=12383183&guid=R5tZUnvOEIJjO3h