Friday, December 07, 2018 6:40:18 AM
December 2017, Mynaric and ABWN reported delivery of laser units for air-air testing. Meanwhile, ABWN was talking IPO, added a BOD, corporate governance, all this real deal jazz. Market Cap was 100+ million.. must have been a potential big deal in works to act/talk the IPO path....
Come to find out Facebook and Mynaric tested air-ground laser system, exactly the thrust of Mynaric and ABWN’s AGREEMENT. Speculating Facebook ready to partner up but testing showed Mynaric lasers could not overcome technical challenge of laser alignment and dispersion in atmosphere. So back to drawing board in which they then both reported delivery of laser units summer 2018.
Meanwhile, debts piled up and with nothing driving IPO talk, ABWN switched the lead underwriter of the 8 mil financing to MAXM instead of Aegis. Probably should have been a sign. No activity to spur investor interest and loan sharks all moved quickly to get money out. $$ to .0001 TWICE in 4-5 months... that is a NO CONFIDENCE vote if I ever seen one.
Last 3 ABWN PR’s are basically telling us laser connectivity is a big big challenge!!!
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