Replies to post #4681 on Airborne Wireless Network (ABWN)

[QTRADERQ]

There's a direct relationship between price and market cap. I think the market is pricing it on 1.5B OS ++; even though, it's not there yet.

(Price * OS = Mkt Cap)

The lower the price, the lower the mkt cap;
The higher the price, the higher the mkt cap

[gempicker]

Exactly.. but maybe not all preferred.. they made special note in recent 8-k where convertible Debt was down to 2.7 mil.. the recent capital raise sold 8000 units of preferred shares. There is no debt associated with those, just conversion rights. SO, hard to know how much is preferred shares v. Convertible notes/debt

They bought the one note out in the 8-k; so rather than just allow more conversions they paid cash to cancel that note. I kinda wonder if they are trying to clear all debt to just get the investors here down to preferred shareholders.

WHO are the preferred shareholders that bought 8 mil in convertible shares all the while knowing there was convertible debt on books?

[gempicker]

Yep. Explains the heavy buying too...

Shorts pounded this stock knowing they have conversion rights yet.
Yet shares continually absorbed..

Shorts start covering and other buyers jump in on momentum, the company adds news and we have a runner, slingshot up to resistance points. Yesterday’s drop was the most dramatic yet and I think this could double very easily before any retail resistance kicks in.

Stock could easily make a run to .015-.02 range before significant resistance could come to play...