I don't know about anyone else in here... but I am watching ABWN from now until Q2 2019. I am thinking the market is going to continue to get scared because they do not understand the recent dilution which was explained to investors in an article recently. It basically said to expect a drop with a bottom of .25 per share. This is imo of course so please do not quote me on that. Rather... read for yourself below. It is sitting at .15 range now because of retail sellers panicking (rightfully so?) and not doubling down at these prices.
That shows me the Longs have given up?! Maybe...
But for me... I like the chart here and I am looking for a drop under 10 cents. I do think it is going to rally if this dilution gets put to good use. Remember, dilution is not always a bad thing, especially for companies like this one, which would take a large amount of money to make this happen and or change course with new investors.
https://www.cnbc.com/2018/05/24/pr-newswire-a...rants.html
(...Each share of Preferred Stock is being sold together with (i) one Series 1 Warrant to purchase one share of Preferred Stock, (ii) one Series 2 Warrant to purchase one share of Preferred Stock, and (iii) one Series 3 Warrant to purchase one share of Preferred Stock. The Preferred Stock has an initial stated value of $1,150 and is convertible into shares of the Company's common stock at a conversion price equal to the lesser of (a) $0.71, subject to certain adjustments, or (b) 82.5% of the lowest volume weighted average price of the Company's Common Stock during the five trading days ending on, and including, the date of the notice of conversion. For the first 15 calendar days following the filing of the certificate of designations for the Preferred Stock, the conversion price is subject to a floor of $0.25 per share, except in the event of anti-dilution adjustments. Each Warrant will have an initial exercise price of $1,000 per share of Preferred Stock. The Series 1 Warrants, Series 2 Warrants and Series 3 Warrants will be immediately exercisable and will expire on the three-month, six-month, and twelve-month anniversary of the original issuance date, respectively...)
The Offering is expected to close on May 29, 2018, subject to the satisfaction of customary closing conditions.
https://www.investopedia.com/terms/i/insidertrading.asp
Illegal insider trading includes tipping others when you have any sort of nonpublic information. Legal insider trading happens when directors of the company purchase or sell shares, but they disclose their transactions legally.
Read More: https://investorshangout.com/post/view?id=507...z5Hpz7TSiG
That shows me the Longs have given up?! Maybe...
But for me... I like the chart here and I am looking for a drop under 10 cents. I do think it is going to rally if this dilution gets put to good use. Remember, dilution is not always a bad thing, especially for companies like this one, which would take a large amount of money to make this happen and or change course with new investors.
https://www.cnbc.com/2018/05/24/pr-newswire-a...rants.html
(...Each share of Preferred Stock is being sold together with (i) one Series 1 Warrant to purchase one share of Preferred Stock, (ii) one Series 2 Warrant to purchase one share of Preferred Stock, and (iii) one Series 3 Warrant to purchase one share of Preferred Stock. The Preferred Stock has an initial stated value of $1,150 and is convertible into shares of the Company's common stock at a conversion price equal to the lesser of (a) $0.71, subject to certain adjustments, or (b) 82.5% of the lowest volume weighted average price of the Company's Common Stock during the five trading days ending on, and including, the date of the notice of conversion. For the first 15 calendar days following the filing of the certificate of designations for the Preferred Stock, the conversion price is subject to a floor of $0.25 per share, except in the event of anti-dilution adjustments. Each Warrant will have an initial exercise price of $1,000 per share of Preferred Stock. The Series 1 Warrants, Series 2 Warrants and Series 3 Warrants will be immediately exercisable and will expire on the three-month, six-month, and twelve-month anniversary of the original issuance date, respectively...)
The Offering is expected to close on May 29, 2018, subject to the satisfaction of customary closing conditions.
https://www.investopedia.com/terms/i/insidertrading.asp
Illegal insider trading includes tipping others when you have any sort of nonpublic information. Legal insider trading happens when directors of the company purchase or sell shares, but they disclose their transactions legally.
Read More: https://investorshangout.com/post/view?id=507...z5Hpz7TSiG
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
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