Topic: How To Invest

Q: Pat: A friend teaches on the Maldive Islands to pretty rich people, and he says that they have invested millions in Airborne Wireless Network. I would appreciate your findings. Kind regards.

Article Excerpt

A: Airborne Wireless Network, $1.54, symbol ABWN on the U.S. over-the-counter bulletin board (Shares outstanding: 94.4 million; Market cap: $153.6 million; www.airbornewirelessnetwork.com), hopes to create a high-speed airborne wireless network to link commercial aircraft in flight. The company believes that each aircraft participating in the network will act as an airborne repeater, or router. They will send and receive broadband signals from one aircraft to the next. The effect would be to create a digital information super-highway in the sky. Airborne Wireless intends the network to be a high-speed broadband Internet pipeline to improve coverage and connectivity. The company does not intend to provide retail customer coverage to users. Instead, it will act as a wholesale carrier for Internet service providers and telephone companies. Currently, the world’s connectivity is achieved by use of undersea cables, ground-based fibre and satellites. The company believes that its network, once developed, will provide low-cost, high-speed connectivity to rural areas, island nations, ships at sea, and oil platforms…