Replies to post #23567 on Airborne Wireless Network (ABWN)

[badshah]

From the 10k...

First milestone..."We expect to achieve this first milestone in the next six to nine months, and believe we will need to expend approximately $500,000-$1,000,000 in additional funds, which funds we do not currently have on hand."...this means 20 billion share dilution at current rate !!!!!

The second (Obtain an initial FAA approval for installation on aircraft) and third (Set up capability to roll out Infinitus) milestones will require 60 and 350 million $, resply. !!!!!!

The fact they can't even get 500k to get going is telling...not sure what they did with the 5+ million in cash they had at the beginning of last qtr...

[macdwatcher1]

i agree....good read of the latest 10-k of abwn...i read between the lines of the 10-k....i read it that abwn is broke, has no revenue....only revenue they have is burn keeping the share printing press running