Update! Airborne Wireless Network (OTCQB: ABWN) Flying High Since SNU Report!

Airborne Wireless Network – OTCQB: ABWN

When we first wrote about ABWN a couple of weeks ago, it was trading around $0.80 per share. Today it is over $1.35. Our December 16th article follows:

Global internet connectivity is achieved through undersea cables along with ground-based fiber and satellites. Airborne Wireless Network is developing a new approach – an airborne digital highway.  The Company intends to create a high-speed broadband wireless network without towers or cables – they will do it by linking commercial aircraft in flight.  Each aircraft will act as an airborne router, sending, and receiving internet signals from one aircraft to the next and creating a digital superhighway in the sky. Airborne Wireless Network intends the network to be a high-speed broadband internet pipeline.

The Company intends to supply their capacity to wholesale carriers that already have customers such as internet providers and mobile phone companies. Once developed, the airborne network could provide low cost, high-speed connectivity to rural areas, island nations, ships at sea, oil platforms, in addition to connectivity to commercial and private aircraft in flight.

Airborne Wireless Networks holds a patent many in the industry consider highly valuable if the team can execute its plan. Impressively, they have secured Alex Sandel, co-founder of Packard Bell computers, as Chairman of its Advisory board. The company closed a $1,200,000 private placement funding on November 22, 2016.

However, ABWN is not a stock without considerable risk. This is a new technology in a highly competitive industry. Volumes of ABWN are currently weak – less than 22,000 today. Also of concern is that no analysts cover ABWN.

Still, if you have the appropriate appetite for risk ABWN, this is an innovative approach to a real need , internet connectivity, that most of the world cannot do without. ABWN closed today at $0.803.

Always perform your own due diligence before making any decisions regarding the buy or sale of any stock.