Replies to post #17380 on Airborne Wireless Network (ABWN)

[lucky, mydog]

the dilution will end when folks stop buying this crap.

[gempicker]

Hard to say..

I would have to go back thru all my notes here but roughing out that there was 4 million in a combined debt and preferred shares left as of July 6. Excluding warrants which there is no indication that these will be purchased at no initial discount. The risk there is greater and minimizes ROI opportunity from the hedgies who own the warrants.

As mentioned it would seem a debt free, cash flush company dealing with the likes of GE, Mynaric and Air Lease and possibly a giant elephant like Facebook has a nice story to tell. Especially if a key patent is on the doorstep alongside a key 2 plane demonstration, which will lead to massive exposure and tech articles, etc.. Call me crazy, but diluting for 10-30% on a dwindling dollar volume interest versus holding an equity position that could plausibly rise 10000% is a no brainer..

Back to the dilution.. I am estimating of the 12+ Bil traded since July 6, that about half is dilution... so I guesstimate somewhere in 8 Bil OS range and less than 1 mil conversions possible, maybe less than 500k. Still at VWAP of roughly .00015 that leaves several billion shares yet to dilute. But I suspect the last tranches will be held for massive recovery..

Notice the ask side doesn’t appear swamped with shares past the diluters and the bid has rarely got hit by impatient traders every tick down.. IMO, we are looking at huge accumulation that are not going to be looking for a measly tick or two profit..

This had 100-200 million valuation not long ago... can easily achieve that again!