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Microcap & Penny Stocks : The Chadmoore Wireless Group (MOOR) -- Ignore unavailable to you. Want to Upgrade?

To: William E. Harriot who wrote (618)	12/4/1997 1:44:00 PM
From: William E. Harriot	Read Replies (2) \| Respond to of 1651

To All, For what it's worth, I just talked with Alison at Chadmoore. She tells me that the company is not listed in Wireless Weeks list of 200 largest wireless providers because that list is the result of a survey, which Chadmoore did not respond to. One wouldn't see the name Chadmoore on the list anyway, because the licenses are held in subsidiary names. The number of licenses held by these subsidiaries is a closely held fact, not for public information, for competitive reasons, understood best by the company. An example, as described to me, at least as I understood it: In Baton Rouge, LA, Nextel has been dumping its analog service and forcing its analog customers to convert to the more expensive digital. Chadmoore serves the area (not one of the recent buildouts) and is being implored by ex-Nextel customers to augment its analog service that they might continue business with the cheaper analog subscription. Chadmoore has not yet had time to do this, but this is not the point - the point being that Chadmoore does not want Nextel, or any competitor, to know how much of a customer base or change therein is or can be served by analog. Alison's take on today's stock dump is speculation short selling in hopes of creating a downdraft to pick up a position in expectation of good news. Buying would be from hoards of year end tax sales (not private placement - that part is largely over) from short term speculators who need to balance their books with wins in other areas. She didn't say there was good news coming nor does she see any on the immediate horizon, and continues to insist that Chadmoore is a long term investment. She did agree that post-September buildout expenses still need to be shown at year end and told me that Chadmoore still hasn't begun the marketing effort for wireless subscribers. The company is still inundated with paperwork from the frenetic last quarter. In other words, we still have a pretty deep valley to look across. Any understanding of the nature of this business and the worth of the company should prevent the stock from falling too low, although ignorance and speculation appear to have their way. Concerning the non-built out markets and their potential licenses, Chadmoore had no intention of building out most of them anyway. If the company gets to keep them, most will likely be sold. This is all not very encouraging, except for the very positive attitude which prevails at the other end of the telephone line. A question I failed to ask is, "How is Chadmoore going to pay for the expenses of next few quarters?" I still believe, long term we'll all be alright, but we could, like today and for the next few months, see some scary stock prices. Bill