Replies to post #2671 on Airborne Wireless Network (ABWN)

[mgland]

I think its close also. From the 5/24 prospectus.
There are 63,085,715 shares being sold............

Share of Series A Convertible

Preferred Stock after this offering
32,000 shares
Terms of the warrants offered as part of the Units

Each Unit issued in this offering includes one Series 1 warrant to purchase one share of Series A Convertible Preferred Stock, one Series 2 warrant to purchase one share of Series A Convertible Preferred Stock and one Series 3 warrant to purchase one share of Series A Convertible Preferred Stock, each exercisable at an initial exercise price of $1,000 per share. The Series 1 Warrants will be exercisable immediately and will expire on the 90-day anniversary of the issuance date. The Series 2 Warrants will be exercisable immediately and will expire on the six-month anniversary of the issuance date. The Series 3 Warrants will be exercisable immediately and will expire on the 12-month anniversary of the issuance date. This prospectus also relates to the offering of the shares of common stock issuable upon exercise of the warrants. For more information regarding the warrants, you should carefully read the section titled “Description of Securities - Warrants included in the Units” in this prospectus.

Common stock outstanding before this offering (1)
96,404,793 shares
Common stock outstanding after this offering, including shares of common stock underlying the shares of Series A Convertible Preferred Stock and shares of common stock underlying the shares of Series A Convertible Preferred Stock underlying the warrants (1)(2)(3)
167,767,354 shares
Common stock issuable in this offering as a result of the conversion of the shares of Series A Convertible Preferred Stock included in the Units and the conversion of the Series A Convertible Preferred Stock issuable upon exercise of the Warrants included in the Units.(4)
63,085,715 shares