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Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: Phyco who wrote (4612)	1/24/1998 2:12:00 PM
From: VanGo101	Respond to of 5812

Phyco....No, I didn't hard copy the conferrence call. The printed copy that I listed on SI came from freeedgar.com, freeedgar.com which lists all SEC fileings. You are right about some things that were in the conference call audio were not in the filed SEC form 8K. I suppose when filing the 8K printed copy, they try to clean up some of the rough edges and maybe eliminate, perhaps, controversial points. Example No. 1: From filed 8K: [NASDAQ DELISTING] The last thing we want to say is that we sincerely regret what happened with the de-listing last week. It was beyond our control. We believe in the direction we're taking. We're very concerned about the pain of our shareholders and bondholders over the last year or more. Now, from conference call audio: ".....It was beyond our control. We do not neccessarily agree with the way everything was handled. I was in the market trying to buy late Friday afternoon trying to sustain the stock at over a dollar to keep ourselves from being pushed off NASDAQ into the bulletin or pink sheet, but clearly there were forces at play...our trades were going off at 3:58 or 3:59 in the afternoon and we got piled on after 4:00 O'clock. So, obviously there were people elsewhere with greater access, or control points, in this market than we did, so, ugh, you know, we believe in this company....." Example No. 2: From filed 8K: [COMPANY'S FINANCIAL CONDITION] We recognize underneath all of this, the reality is that we are running out of money. We have stated that over and over. We recognized that this would eventually happen. We have been spending a lot of effort on trying to find alternative sources of funding for the company, both from a strategic investor perspective and from financial investors. There is no certainty as to whether we'll be able to achieve that before some sort of a restructuring may or may not have to be undertaken. But we're certainly working towards that effort. There are a lot of big financial institutions that cozied up to us over the late summer and early fall, who were saying this could be a great restructuring or reorganization. We've resisted that. We've tried to, at all turns, do what management felt was right for CAI's shareholders and bondholders. Now, from conference audio: "...There are a lot of big financial institutions that cozied up to us over the late summer and early fall, who were saying this could be a great restructuring or reorganization, you know, go in, go out...we all make a lot of money and all that stuff. But, we've resisted that. We've tried to, at all turns, do what management felt was right for CAI's shareholders and bondholders." This one bothers me, some. "...you know, go in, go out...we all make a lot of money and all that stuff...." I'm glad they resisted this suggestion from the financial institutions who "cozied up to them" and suggested that they "go in" and "go out"..."we all make a lot of money". There are times when planned "going in" and "going out" to make money can be bankruptcy fraud. I know of a CEO that is facing federal bankruptcy fraud, as we speak, for a planned "going in" and "going out" to make money!! I'm sure that with these comments on a conference audio, the SEC will be watching very closely if CAI Wireless should proceed with bankruptcy down the road with any of these financial institutions who made these suggestions. I would like to know who these financial institutions were! The differences between the audio conference call and the filed 8K version are interesting. If any of you would like a copy of the audio conference call, just E- Mail me your mailing address, and I will send you a copy. Good luck to us all, VanGo101...Van PS....Ken, if you send me your mailing address, I'm going to send Bubba to your house!!!