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

To: Dan Thomas who wrote (680)	1/9/1998 10:03:00 AM
From: John R Resseger	Respond to of 1651

Too all I have been somewhat concerned with where Chadmoore would get cash to keep going. I was happy to see they got the cash for the Alaska SMR licences. A.Alaska Channel Sale On April 4, 1997, the Company completed an agreement assigning management and options to acquire 57 channels located in Anchorage, Alaska for total consideration of $684,000. The transaction was contingent upon receiving approval of the transfer from the Federal Communications Commission ("FCC"), which was applied for in June, 1997, and subsequently received. The terms of the sale agreement provided for payment to the Company of the consideration fifty days after grant of the applications for assignment of the twelve stations. The applications appeared on public notice on August 5, 1997. They were granted on October 3, 1997. The sale will be recognized when realized, proceeds from the sale were received on November 12, 1997.