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

To: Dan Thomas who wrote (639)	12/11/1997 10:43:00 AM
From: William E. Harriot	Read Replies (2) \| Respond to of 1651

Dan, This morning MOOR opened at .61 and dropped to .58 on a total of 600 shares. This kind of volume is not the work of speculators. It is either a couple of long term holders since before the reverse 1-10 split, finally frustrated with the price drop (I happen to think that at this stage the shares would continue to be held), or the market makers still trying to screw with our heads. What concerns me is, although I know the company has little spare cash with which to buy back some shares at these levels, I see no insider activity to buy these shares either. I have to continualy ask myself what it is about this stock that we're not seeing. <<Chadmoore, I just found out, has filed an S-8 Form with the SEC, only a couple of days ago - this is a stock distribution plan to employees as compensation. That has got to be positive!>> I'm banking on the psychology of the mob for price rationale. After all, every time this stock spiked up in the past couple of years, it came back to make a new low. Will this time be different? Will the year end report come out in time to save MOOR from levels under .20? Will the year end report contain numbers which show any indications of the expected turnaround? I still feel, by taking a $7M hit in fiscal year 98, nobody in the company is playing games with this stock. If the stock is being played with, it must be the market makers or other speculators trying to cheapen the price to pick up shares in preparation of another bull run. Maybe nobody is playing with the stock. Dan, you have a lot more trust and optimism than I do, although I can see that beautiful horizon and brilliant sunset too. I had to force myself not to sell out at $1+ levels (regretfully now) by continually reinforcing the vision of success. I still believe the fundamental picture for Chadmoore will be as a profitable telephone service - and in the not too distant future - and with few risks. The only risk I can see is the temptation for the company is to raise money at these stock price levels. That would really kill the shareholders. Do you have any idea how much yearly salary the corporate principals are draining from the company (I've never seen an annual report). If the compensation is reasonable - and they have done a GREAT job in salvaging the company, this would go a long way in bolstering my confidence to pick up additional shares at these levels. Bill