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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

         [X]      QUARTERLY  REPORT UNDER SECTION 13 OR 15(D) OF THE  SECURITIES
                  EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2006

                                       or

         [ ]      TRANSITION  REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
                  EXCHANGE ACT OF 1934

        For the transition period from ______________ to _______________

                         Commission File Number: 0-20999

                         CHADMOORE WIRELESS GROUP, INC.
        (Exact name of small business issuer as specified in its charter)

           COLORADO                                        84-1058165
  ----------------------------                           --------------
(State of other jurisdiction of                         (I.R.S. Employer
Incorporation or organization)                         Identification No.)

            7390 W. SAHARA AVENUE, SUITE 290, LAS VEGAS, NEVADA 89117
                    (Address of principal executive offices)

                                 (702) 740-5633
                           (Issuer's telephone number)

Check  whether  the  issuer  (1) filed all  reports to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter  period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.
..........Yes [X] No [ ]

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2of the Exchange Act).
..........Yes [X] No [ ]

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                         DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required by Section
12, 13 or 15(d) of the Exchange Act after the distribution of securities under a
plan confirmed by a court.
         Yes [ ]  No [ ]


State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

AS OF APRIL 30, 2006 ISSUER HAD  47,736,006  SHARES OF COMMON  STOCK,  $.001 PAR
VALUE, OUTSTANDING.

TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE):  Yes [ ] No [X]
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<PAGE>
                                      INDEX

PART I - FINANCIAL INFORMATION                                              PAGE

ITEM 1.  FINANCIAL STATEMENTS

         Statements of Net Assets in Liquidation as of March
         31, 2006 and December 31, 2005                                       3

         Statements of Changes in Net Assets in Liquidation
         for the Three Months Ended March 31, 2006 and 2005                   4

         Condensed Notes to Unaudited Interim Financial
         Statements                                                         5-10

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND PLAN OF LIQUIDATION                                 11-12

ITEM 3.  CONTROLS AND PROCEDURES                                             12

PART II - OTHER INFORMATION                                                  14

ITEM 1.  LEGAL PROCEEDINGS                                                   14

ITEM 2C.  DISCLOSURE OF ANY REPURCHASE OF COMPANY STOCK                      15

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K                                     15

SIGNATURES                                                                   16





























                                        2
<PAGE>
                 CHADMOORE WIRELESS GROUP, INC. AND SUBSIDIARIES
                     Statements of Net Assets in Liquidation
                   as of March 31, 2006 and December 31, 2005
                             (amounts in thousands)



<TABLE>
<CAPTION>
                                                                       Mar. 31,
                                                                         2006             Dec. 31,
                                                                     (unaudited)            2005
                                                                  -----------------   -----------------
<S>                                                               <C>                 <C>
    ESTIMATED VALUES OF ASSETS OF THE COMPANY

      Cash and cash equivalents                                    $         1,699     $         1,823
      Investment in debt securities                                         11,537              11,537
      Other receivables, net                                                   822                 819
      Federal income tax receivable
                                                                             1,290               1,290
      Other assets                                                              61                  98
      Estimated future interest income                                         509                 501
                                                                  -----------------   -----------------
                   Total estimated assets                                   15,918              16,068
                                                                  -----------------   -----------------

    ESTIMATED LIABILITIES OF THE COMPANY

      Notes payable                                                            200                 313
      Accounts payable and accrued liabilities                                 299                 254
      Estimated future operating costs and settlement reserves
        during the liquidation period                                        8,928               9,167
                                                                  -----------------   -----------------
                   Total estimated liabilities                               9,427               9,734
                                                                  -----------------   -----------------

    NET ASSETS IN LIQUIDATION                                      $         6,491     $         6,334
                                                                  =================   =================
</TABLE>

















                  See accompanying condensed notes to unaudited
                          interim financial statements.
                                        3
<PAGE>
                 CHADMOORE WIRELESS GROUP, INC. AND SUBSIDIARIES
          Unaudited Statements of Changes in Net Assets in Liquidation
               For the Three Months Ended March 31, 2006 and 2005
                             (amounts in thousands)


<TABLE>
<CAPTION>
                                                          For the three months
                                                                 ended
                                                        March 31,       March 31,
                                                          2006             2005
                                                                        (restated)
                                                     --------------   --------------
<S>                                                   <C>              <C>
Net assets in liquidation as previously reported      $      6,334     $      5,474
Change in income taxes                                                        1,290
                                                     --------------   --------------
Net assets in liquidation as restated                        6,334            6,764

Net gain (loss) from operations during
  liquidation                                                  (32)             (12)

Change in estimate of:
   Future interest income                                      189              264
   Future operating costs during
     liquidation period                                         --              (37)
                                                     --------------   --------------

Net Assets in Liquidation                             $      6,491     $      6,979
                                                     ==============   ==============
</TABLE>

























                  See accompanying condensed notes to unaudited
                          interim financial statements.
                                        4
<PAGE>
                 CHADMOORE WIRELESS GROUP, INC. AND SUBSIDIARIES
            Condensed Notes to Unaudited Interim Financial Statements
                                 March 31, 2006


NOTE 1 - BASIS OF PRESENTATION

Chadmoore Wireless Group, Inc.  ("Chadmoore") was a holder of frequencies in the
United States in the 800 megahertz band for commercial  specialized mobile radio
service.

On January 28, 2002,  holders of Chadmoore  common stock approved the asset sale
to Nextel  Communications,  Inc. ("Nextel"),  the dissolution of Chadmoore and a
Plan of Liquidation (the "Plan"). On February 8, 2002, Chadmoore closed the sale
of  substantially  all of its  assets to Nextel for $130  million  in cash.  Net
proceeds  to  Chadmoore  were  approximately  $108  million  after the payoff of
Barclays  Bank debt.  On February  22,  2002,  Chadmoore  filed its  Articles of
Dissolution,  closed its stock transfer  record book,  de-listed its shares from
the over-the-counter bulletin board and began an orderly wind-up of its business
operations.  Under Colorado law, Chadmoore is required to manage its liquidation
process  through  February 22, 2007,  at which time the orderly  liquidation  is
expected to be completed. The key features of the Plan are:

     o   the conclusion of all business activities,  other than those related to
         the execution of the Plan
     o   the sale or disposal of all of Chadmoore's non-cash assets
     o   the  establishment  of reasonable  reserves to be sufficient to satisfy
         the  liabilities,  expenses and  obligations of Chadmoore not otherwise
         paid, provided for or discharged
     o   the  periodic  payment  of  per  share  liquidating   distributions  to
         shareholders; and
     o   the  authorization  of the filing of a Certificate of Dissolution  with
         the State of Colorado.

As a result of the adoption of the Plan, Chadmoore adopted the liquidation basis
of accounting effective January 29, 2002. This basis of accounting is considered
appropriate  when, among other things,  liquidation of a company is probable and
the net realizable value of assets are reasonably determinable. Under this basis
of accounting,  assets are valued at their estimated net realizable  value,  and
liabilities  are  stated at their  estimated  settlement  amounts.  The  ongoing
application of the liquidation basis of accounting  requires  management to make
significant estimates and judgments. The amount and timing of future liquidating
distributions will depend upon a variety of factors  including,  but not limited
to, the ultimate settlement amounts of Chadmoore's  liabilities and obligations,
actual  costs  incurred  in  connection  with  carrying  out the Plan  including
administrative  costs during the liquidation period, and the time frame it takes
to complete the liquidation.

The accompanying  financial statements,  notes and discussions should be read in
conjunction  with the  consolidated  financial  statements,  related  notes  and
discussions  contained in Chadmoore's  annual report on Form 10-KSB for the year
ended December 31, 2005.







                                        5
<PAGE>
The interim financial information contained herein is unaudited; however, in the
opinion of management,  all adjustments  necessary for the fair  presentation of
such financial information on a liquidation basis have been included.

NOTE 2 - LIQUIDATION BASIS OF ACCOUNTING

Immediately following the sale of substantially all of its assets on February 8,
2002,  Chadmoore  began an orderly  wind-down  of its  operations.  Accordingly,
management has presented its financial  statements on the  liquidation  basis of
accounting.

The preparation of financial  statements in conformity  with Generally  Accepted
Accounting   Principles  requires  management  to  make  certain  estimates  and
assumptions  that affect the net  realizability of assets and estimated costs to
be incurred  during the liquidation  period and disclosure of contingent  assets
and  liabilities at the date of the financial  statements.  These  estimates are
imprecise and subject to change,  among other things, the estimates may be based
on assumption about future conditions,  transactions, or events whose outcome is
uncertain.  It is likely,  therefore,  that the actual outcome and settlement of
assets  and  liabilities  through  completion  of  the  Plan  will  differ  from
management's initial estimates, and those differences may be significant.


ESTIMATED VALUES OF ASSETS OF THE COMPANY

The  estimated  assets of  Chadmoore  that are set  forth in the March 31,  2006
"Statements of Net Assets in  Liquidation"  have been presented on the following
basis:

     (a) Chadmoore classifies as cash and cash equivalents amounts on deposit in
         banks  and cash  invested  temporarily  in  various  instruments,  with
         maturities  of three months or less at time of purchase.  Cash and cash
         equivalents are stated at fair value. Generally,  cash balances held in
         financial institutions may be in excess of federally insured amounts.
     (b) Investment in debt securities include both held-to-maturity  securities
         and available-for-sale securities.  Securities with maturities prior to
         February 22, 2007 are considered  held-to-maturity securities and total
         $10,935,857  at March 31,  2006.  They are carried at par value with an
         accrual in future estimated  income for expected  earnings to the total
         settlement  amount.  Management  intends to hold these securities until
         their maturity due dates. These securities mature as follows:

                                                                 March 31, 2006
                                           Par Value             Market Value
             ---------------------------- --------------------------------------
             Within one year              $10,935,857            $10,894,555
             ---------------------------- --------------------------------------


         Those debt  securities  with  maturities  after  February  22, 2007 are
         classified as available-for-sale securities and total $601,142 at March
         31,  2006.  Available-for-







                                        6
<PAGE>
         sale   securities  are  carried  at  market  value  with  any  periodic
         unrealized  gain or loss  recorded as an adjustment in the Statement of
         Changes  in Net Assets in  Liquidation  and an  accrual  for  estimated
         income  for  expected   earnings   through  February  22,  2007.  These
         securities mature as follows:

             -------------------------------------- ----------------------------
             Within one year                        $0
             -------------------------------------- ----------------------------
             One year to three years                $0
             -------------------------------------- ----------------------------
             Over three years                       $601,142
             -------------------------------------- ----------------------------

     (c) Estimated  future interest  income is reviewed  quarterly by management
         based upon future  expected  cash  flows.  As a result of the review at
         March 31,  2006,  estimated  future  interest  income was  increased by
         $189,000 to reflect  recent  increases in the average  market  interest
         rates and an anticipated  increase in available cash as a result of the
         federal income tax receivable.  At March 31, 2006, the estimated future
         interest  income  represented  about 7.9% of Chadmoore's  estimated net
         assets in liquidation. The estimated future interest income of $509,000
         on  Chadmoore's   cash  holdings  and  investment  in  debt  securities
         represents  management's  estimate of future interest earnings based on
         an average  market  rates of interest  over the  remaining  liquidation
         period.  Actual  interest  income will likely differ from  management's
         current estimate.
     (d) Other assets represent primarily prepayments of future operating costs.
     (e) Other  receivables,  net,  are  carried at their  expected  collectible
         amounts and pertain,  primarily,  to funds held by Nextel to offset any
         potential   liabilities   that  might   occur   from  any   unknown  or
         unanticipated,  unpaid state taxes.  Management is working with counsel
         to obtain  tax  certificates  of good  standing  in about 12  remaining
         states in which  Chadmoore  operated.  Though a  somewhat  lengthy  and
         detailed process, management believes it will collect substantially all
         of the funds held by Nextel.
     (f) Federal income tax receivable is carried at the expected  refund amount
         based on losses  incurred  for  years  2003 and 2004  carried  back and
         applied  against  the gain  recorded in 2002 as a result of the sale of
         assets to Nextel.


ESTIMATED LIABILITIES OF THE COMPANY

The estimated  liabilities of Chadmoore that are set forth in the March 31, 2006
"Statement of Net Assets in  Liquidation"  have been  presented on the following
basis:

     (a) Notes payable represent non-interest bearing amounts owed in connection
         with the purchase of licenses from  licensees and are recorded at their
         estimated settlement amounts.  The amounts owed,  $200,000,  pertain to
         contingent claims by persons whose licenses were cancelled  pursuant to
         the Federal Communication Commission's final ruling in the Goodman/Chan
         proceedings. (See Form 10-QSB for the Company, dated June 30, 2002, for
         detail   disclosure  of  the   Goodman/Chan   proceedings.)   Chadmoore
         originally recorded notes payable of about $6.7 million for purchase of
         the  Goodman/Chan  licenses.  That amount was  reduced to $4.7  million
         through  payments and settlement of  outstanding  balances prior to the
         initial liquidation accounting. A liquidation trust was established for
         the purpose of settling the remaining outstanding  Goodman/Chan claims.
         The liquidation  trust resolved the bulk of these contingent  claims by
         distributing  $1,039,000  to  546

                                        7
<PAGE>
         license holders.  Approximately 60 potential claimants,  with estimated
         potential claims of $200,000,  could not be found or did not respond to
         settlement  letters mailed to them.  Chadmoore has made every effort to
         locate these remaining potential  claimants,  including the hiring of a
         skip/trace firm. Management believes that Chadmoore's exposure will not
         exceed the $200,000 currently recorded as part of its liquidation plan.
         The liquidation  trust was dissolved during the quarter ended March 31,
         2006,  and the  remaining  balance in the trust account of $932,659 was
         returned to Chadmoore.
     (b) Accounts  payable and  accrued  liabilities  include  all amounts  that
         remain unpaid for liquidation activities.
     (c) Chadmoore  recorded amounts for estimated future operating costs during
         liquidation  and for settlement  reserves on January 29, 2002, when the
         Company  adopted  the  liquidation  basis  of  accounting.   The  table
         presented  below  summarizes  the estimated  amounts as of December 31,
         2005,  changes  in  estimates,  and the  actual  costs  that  have been
         incurred and paid during the period from January 1, 2006 through  March
         31, 2006.

<TABLE>
<CAPTION>
                                                        Change in
                                     As of           estimates during       Incurred           As of
                                 Dec. 31, 2005           period             and paid       Mar. 31, 2006
                                ----------------     ----------------     -------------    --------------
<S>                             <C>                  <C>                  <C>               <C>
           Compensation for
      liquidation personnel      $          407       $           --       $       (90)      $       317

   Insurance, utilities and
          facility expenses                 140                   --               (33)              107

     Legal, audit and other
          professional fees                 317                   --              (116)              201

         Settlement reserve               8,303                   --                --             8,303
                                ----------------     ----------------     -------------    --------------
     Total estimated future
        operating costs and
        settlement reserves      $        9,167       $           --       $      (239)     $      8,928
                                ================     ================     =============    ==============
</TABLE>

         In  view of the  expected  duration  of the  liquidation  period  until
         February 22,  2007,  and the  provision in Colorado law that  Chadmoore
         maintain  reserves  sufficient  to  allow  for the  payment  of all its
         liabilities and obligations, including all known and unknown contingent
         claims, Chadmoore established a settlement reserve upon the adoption of
         liquidation  basis  accounting  on January 29, 2002.  The amount of the
         settlement reserve is $8.3 million at March 31, 2006.

         The  majority  of this  settlement  reserve  at March  31,  2006,  $7.0
         million,  relates to contingencies  involving the resolution of various
         federal taxation issues.  Other matters covered by this reserve include
         existing litigation and claims, and settlement of existing liabilities.
         This  reserve  has been  established  for  matters  for which  there is
         insufficient  information upon which management can reasonably estimate
         a settlement  amount,  or where the ultimate  settlement amount will be
         based on future events which management  cannot  reasonably  predict at
         this time. The outcome of these  contingencies may involve  litigation,
         the  ultimate  outcome  of

                                        8
<PAGE>
         which  cannot  be  determined  at this  time.  Accordingly,  management
         believes the range of possible estimated settlements is from $0 to $8.3
         million.

         As a result of the uncertainty  regarding the estimates associated with
         the  settlement  reserve,  it is likely that the actual  outcome of the
         resolution  of  these   contingencies  will  differ  from  management's
         estimates at this time, and those  differences may be  significant.  In
         addition, since the resolution of these matters will inevitably involve
         procedural,  and probably judicial  proceedings,  it is likely that the
         resolution of the majority of these contingencies will not occur in the
         near term. As more information becomes available to management,  and as
         future  resolution  of  events  regarding  these  contingencies  occur,
         management will adjust the settlement reserve appropriately, if needed.
         See Note 4 - Commitments and Contingencies for further discussion.

     The amount and timing of future liquidating  distributions will depend upon
     a variety of factors  including,  but not limited  to, the actual  proceeds
     from the realization of Chadmoore's assets, the ultimate settlement amounts
     of  Chadmoore's  liabilities  and  obligations,  actual  costs  incurred in
     connection with carrying out the Plan,  including salaries,  administrative
     and  operating   costs  during  the  liquidation   period,   resolution  of
     uncertainties  and  litigation,  and  the  timing  of the  liquidation  and
     dissolution.

NOTE 3 - RESTATEMENT

During the quarter ended September 30, 2005, Chadmoore discovered that operating
and capital losses  incurred  during fiscal 2004 could be carried back to offset
taxes  paid on the gain on sale from 2002.  Chadmoore  further  discovered  that
capital  losses from fiscal 2003 could be carried back to recover  taxes paid on
the gain on sale from 2002.  Chadmoore has restated its financial  statements as
of  March  31,  2005 and for the  period  ended  March  31,  2005 for the  items
discussed  above.  The  correction of the error  resulted in an adjustment  that
increased Net Assets in Liquidation by $1,290,000.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

In late  September,  2002,  Chadmoore  received a letter  from  Cindy  Ashcroft,
principal  of Ashcroft  ITV  ("Ashcroft")  seeking  payment for  licenses  which
Ashcroft purports were transferred to Chadmoore. Ashcroft requested, through its
letter,  a payment  in excess  of $4  million  from  Chadmoore  for the  subject
licenses, or alternatively a further explanation from the Company as to why such
a  payment  would  not be  forthcoming.  Chadmoore  has  reviewed  its files and
Chadmoore  management,  along with outside  counsel,  has analyzed the matter at
considerable  length. Upon review of the evidence in the light most favorable to
Ashcroft, Chadmoore believes that it could potentially be liable to Ashcroft for
approximately  $23,750 in  license  payments.  On the other  hand,  the  Company
believes it has a valid counterclaim for approximately  $89,000 against Ashcroft
for interim  management  fees  earned  while the  Company  managed and  operated
Ashcroft's  licensed  facilities  in order to keep them in  compliance  with FCC
requirements. Chadmoore has not recorded, however, an asset on its books for the
potential



                                        9
<PAGE>
counterclaim  against  Ashcroft.  In late 2001,  the  Company  suggested  to Ms.
Ashcroft  that a direct  meeting  between the parties  take place as promptly as
practicable  to resolve this matter.  At this time,  management  has received no
reply from Ms. Ashcroft. While Chadmoore cannot forecast the ultimate outcome of
this matter,  based on management's  review of the files and Ashcroft's request,
as well as internal  conferences and conferences with outside counsel  regarding
this matter,  the Company  believes that the  possibility  that this matter will
have a material  adverse  outcome  beyond  what is  provided  in the  settlement
reserve is remote.

On March 13, 2003,  American Tower Corporation  ("American  Tower") submitted to
Chadmoore a notice of default under several  license  agreements,  which existed
earlier between  American Tower and Chadmoore.  American Tower sought  immediate
payment of an outstanding balance of approximately  $234,000. On March 19, 2003,
Chadmoore  formally  responded to American Tower's notice,  rejected its demand,
and indicated that  Chadmoore  believes it has no legal duty to continue to make
any payments to American Tower on the basis of the agreements.  Subsequently, on
May 23,  2003,  American  Tower filed suit in the Clark County  Nevada  District
Court seeking redress for its claims of breach of contract,  without  specifying
the damages sought.  Chadmoore  timely filed its answer on June 16, 2003 denying
American Tower's claims. The parties have exchanged pre-trial  documentation and
witness lists for discovery  purposes.  Discovery is currently  ongoing. A bench
trial is set for the August  2006.  Currently,  management  cannot  forecast the
actual outcome of this litigation,  nor can it provide a timetable for when this
matter will be concluded.

On October 11, 2005,  Chadmoore received a demand letter from SBA Leasing,  Inc.
("SBA  Leasing")  claiming that  Chadmoore was in default on various  leases and
that Chadmoore owed SBA Leasing  $274,592 in overdue lease  payments.  Chadmoore
has formally responded to SBA Leasing denying that any sum of money is currently
owed by Chadmoore.  Currently,  management cannot forecast the actual outcome of
this  item,  nor can it  provide  a  timetable  for  when  this  matter  will be
concluded.

Chadmoore may also be subject to various legal  proceedings  and claims that may
arise during liquidation. Chadmoore currently believes that any such proceedings
and  potential  claims will not have a material  adverse  impact on  Chadmoore's
estimate of net assets in liquidation.  Chadmoore has, however,  included in its
settlement reserve an accrual, at the higher end of the range of estimated loss,
for these matters.


NOTE 5 - RELATED PARTY TRANSACTIONS

On March 1, 2006,  Chadmoore  entered  into a one-year  sublease  with a limited
liability  company in which  Robert W. Moore and Stephen K. Radusch are members.
Under the terms of the  sublease,  Chadmoore  will co-use with one other  tenant
approximately  2,300 total square feet of rentable  floor area at a base rent of
$2,152  per month  plus one half of  utilities  and other  normal  and  ordinary
expenses. The one-year sublease expires February 28, 2007.









                                       10
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND STATUS
        OF LIQUIDATION

Statements  contained herein that are not historical  facts are  forward-looking
statements as that term is defined by the Private  Securities  Litigation Reform
Act of 1995. These statements contain words such as "intends", "plan", "future",
"will",   "anticipates",   and  "believes"  and  include  statements   regarding
Chadmoore's  dissolution and liquidation.  Although  Chadmoore believes that the
expectations  reflected in such forward-looking  statements are reasonable,  the
forward-looking  statements  are subject to risks and  uncertainties  that could
cause  actual  results  to  differ  from  those  projected.  Chadmoore  cautions
investors  that  any  forward-looking  statements  made  by  Chadmoore  are  not
guarantees of future  performance and that actual results may differ  materially
from those in the forward-looking statements.


PLAN OF OPERATIONS FOR DISSOLUTION

Chadmoore is continuing to wind up its affairs as quickly and as  efficiently as
possible  to  maximize  the  liquidating   distributions  to  all  shareholders.
Chadmoore's  goal is to  minimize  the  length of time  necessary  to resolve or
satisfy its known liabilities while also minimizing the risks to shareholders by
conserving corporate assets.

In order to  reduce  liquidation  costs,  Chadmoore's  full-time  staff has been
reduced to two  remaining  officers  who will handle all  remaining  liquidation
issues.   Under   Colorado  law,   Chadmoore  will  remain  in  existence  as  a
non-operating  entity for five years from  February  22, 2002 and will  maintain
liquid assets to cover any remaining  liabilities and pay operating costs during
the dissolution period. During the dissolution period, Chadmoore will attempt to
convert its remaining assets to cash and settle its liabilities as expeditiously
as possible.


STATUS OF LIQUIDATION

On February 8, 2002,  Chadmoore sold  substantially  all of its assets to Nextel
Communications,  Inc. ("Nextel") for $130 million in cash resulting in a gain of
about $88 million, terminated its operations and began an orderly liquidation of
Chadmoore,  including  laying off most of its employees.  Chadmoore  adopted the
liquidation basis of accounting  effective January 29, 2002,  whereby assets are
recorded at their estimated net realizable  values,  liabilities are recorded at
their estimated settlement amounts and a reserve has been provided for potential
claims.

The valuation of assets and liabilities  requires many estimates and assumptions
by management and actual values may vary greatly from estimates. The majority of
Chadmoore's  assets  have been  liquidated  and the amounts and timing of future
liquidating  distributions will depend upon a variety of factors including,  but
not limited to, the ultimate  settlement amounts of Chadmoore's  liabilities and
obligations,  actual cost  incurred in  connection  with  carrying  out the Plan
including administrative costs during the liquidation period, and the time frame
it  takes to  complete  the  liquidation.  During  the  first  quarter  of 2006,
Chadmoore  recorded a increase in the estimated  value of future interest income
of $189,000 to reflect  rising  interest  rates and an  anticipated  increase in
available cash as a result of the federal income tax receivable.





                                       11
<PAGE>
LIQUIDITY AND CAPITAL RESOURCES

Chadmoore's  primary objectives are to liquidate its assets in the shortest time
period possible while realizing the maximum values for such assets and to settle
all claims on terms most  favorable to Chadmoore.  The  liquidation of remaining
assets is expected to be concluded prior to the fifth  anniversary of the filing
of  the   Certificate  of  Dissolution  in  Colorado  by  a  final   liquidating
distribution  directly to shareholders of record.  The initial cash distribution
under  the  Plan  was made on July 12,  2002 in the  aggregate  amount  of $22.7
million,  or about $.3323 per share. On February 28, 2003, a second distribution
of cash in the  aggregate  amount of $4.3  million,  or $.061967 per share,  was
initiated.  On December 5, 2003, a third  distribution  of cash in the aggregate
amount of $7.0  million,  or  $.101464  per share  was made to  shareholders  of
record.  As of March 31, 2006,  Chadmoore had  distributed an aggregate of about
$34  million,   or  $.4957  per  share.   Remaining  net  assets  available  for
distribution to shareholders as of March 31, 2006,  assuming assets are realized
and liabilities are settled at their estimated amounts,  are currently estimated
to be about $6.3 million,  or $.09 per equivalent  share.  Should  Chadmoore not
have to payout any of the  settlement  reserves,  shareholders  could  expect to
receive up to an additional  $8.3 million,  or $.12 per  equivalent  share.  The
actual nature,  amount and timing of future  distributions will be determined by
the board of directors in its sole discretion,  and will depend primarily upon a
variety of factors, including, but not limited to, the resolution of those items
included in the settlement reserve and actual costs incurred in carrying out the
Plan.

Chadmoore's liquidation should be concluded on or before February 22, 2007, with
a final liquidating distribution directly to the shareholders.  Complete details
regarding  the Plan to  liquidate  and  dissolve  Chadmoore  can be found in the
Company's  December  14,  2001 Proxy  Statement  filed with the  Securities  and
Exchange Commission, and mailed to shareholders on December 15, 2001.

ITEM 3. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES.


The  Liquidation  Plan approved by the  shareholders  contemplated  very limited
staff to oversee the accounting function of the Company in order to minimize the
costs  of  liquidation   where  Chadmoore  had  only  limited  ongoing  business
operations.  The primary purpose of the Liquidation Plan was resolution of final
liabilities,  asset  preservation and maximization of the final  distribution to
shareholders.  During the year ended December 31, 2005,  management became aware
of a material  weakness in the  Company's  disclosure  controls  over  financial
reporting  that was primarily a result of having only one member on  Chadmoore's
accounting staff. As a result of limited internal  accounting  staff,  there are
limited opportunities to review related controls over financial reporting.

Chadmoore,  under the supervision and with the  participation of its management,
including its Chief Executive Officer and Chief Financial  Officer,  carried out
an evaluation of the  effectiveness  of the design and operation of  Chadmoore's
disclosure controls and procedures as of March 31, 2006 (the "Evaluation Date").
Based upon this  evaluation,  the Chief  Executive  Officer and Chief  Financial
Officer concluded as of the Evaluation Date that Chadmoore's disclosure controls
and  procedures   were  effective  going  forward  for  purposes  of  recording,






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<PAGE>
processing, summarizing and timely reporting material information required to be
disclosed in reports that it files under the Exchange Act.

It should be noted that in designing and evaluating the disclosure  controls and
procedures,  management  recognized that any controls and procedures,  no matter
how well  designed  and  operated,  can provide  only  reasonable  assurance  of
achieving  the  desired  control  objectives,  and  management  necessarily  was
required to apply its judgment in evaluating the  cost-benefit  relationship  of
possible  controls  and  procedures.  The Company has  designed  its  disclosure
controls and  procedures to reach a level of  reasonable  assurance of achieving
desired control  objectives and, based on the evaluation  described  above,  the
Company's Chief Executive Officer and Chief Financial Officer concluded that the
Company's  disclosure  controls and  procedures  were effective at reaching that
level of reasonable assurance, except as discussed in the next paragraph below.

The Company has  identified  material  weaknesses  within its  internal  control
framework  mostly  involving a lack of segregation of duties which is due to the
limited number of personnel who were retained by the Company in accordance  with
the Plan of  Liquidation,  to complete the orderly  liquidation of the Company's
operations.

CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING.

There was no change in the Company's  internal control over financial  reporting
(as defined in Rules  13a-15(f) and 15d-15(f)  under the Securities and Exchange
Act of 1934, as amended)  during the Company's  most recently  completed  fiscal
quarter that has  materially  affected,  or is  reasonable  likely to materially
affect, the Company's internal control over financial reporting.































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<PAGE>
PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

In late  September,  2002,  Chadmoore  received a letter  from  Cindy  Ashcroft,
principal  of Ashcroft  ITV  ("Ashcroft")  seeking  payment for  licenses  which
Ashcroft purports were transferred to Chadmoore. Ashcroft requested, through its
letter,  a payment  in excess  of $4  million  from  Chadmoore  for the  subject
licenses, or alternatively a further explanation from the Company as to why such
a  payment  would  not be  forthcoming.  Chadmoore  has  reviewed  its files and
Chadmoore  management,  along with outside  counsel,  has analyzed the matter at
considerable  length. Upon review of the evidence in the light most favorable to
Ashcroft, Chadmoore believes that it could potentially be liable to Ashcroft for
approximately  $23,750 in  license  payments.  On the other  hand,  the  Company
believes it has a valid counterclaim for approximately  $89,000 against Ashcroft
for interim  management  fees  earned  while the  Company  managed and  operated
Ashcroft's  licensed  facilities  in order to keep them in  compliance  with FCC
requirements. Chadmoore has not recorded, however, an asset on its books for the
potential  counterclaim against Ashcroft. In late 2001, the Company suggested to
Ms. Ashcroft that a direct meeting between the parties take place as promptly as
practicable  to resolve this matter.  At this time,  management  has received no
reply from Ms. Ashcroft. While Chadmoore cannot forecast the ultimate outcome of
this matter,  based on management's  review of the files and Ashcroft's request,
as well as internal  conferences and conferences with outside counsel  regarding
this matter,  the Company  believes that the  possibility  that this matter will
have a material  adverse  outcome  beyond  what is  provided  in the  settlement
reserve is remote.

On March 13, 2003,  American Tower Corporation  ("American  Tower") submitted to
Chadmoore a notice of default under several  license  agreements,  which existed
earlier between  American Tower and Chadmoore.  American Tower sought  immediate
payment of an outstanding balance of approximately  $234,000. On March 19, 2003,
Chadmoore  formally  responded to American Tower's notice,  rejected its demand,
and indicated that  Chadmoore  believes it has no legal duty to continue to make
any payments to American Tower on the basis of the agreements.  Subsequently, on
May 23,  2003,  American  Tower filed suit in the Clark County  Nevada  District
Court seeking redress for its claims of breach of contract,  without  specifying
the damages sought.  Chadmoore  timely filed its answer on June 16, 2003 denying
American Tower's claims. The parties have exchanged pre-trial  documentation and
witness lists for discovery  purposes.  Discovery is currently  ongoing. A bench
trial is set for the August  2006.  Currently,  management  cannot  forecast the
actual outcome of this litigation,  nor can it provide a timetable for when this
matter will be concluded.

On October 11, 2005,  Chadmoore received a demand letter from SBA Leasing,  Inc.
("SBA  Leasing")  claiming that  Chadmoore was in default on various  leases and
that Chadmoore owed SBA Leasing  $274,592 in overdue lease  payments.  Chadmoore
has formally responded to SBA Leasing denying that any sum of money is currently
owed by Chadmoore.  Currently,  management cannot forecast the actual outcome of
this  item,  nor can it  provide  a  timetable  for  when  this  matter  will be
concluded.








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<PAGE>
Chadmoore may also be subject to various legal  proceedings  and claims that may
arise during liquidation. Chadmoore currently believes that any such proceedings
and  potential  claims will not have a material  adverse  impact on  Chadmoore's
estimate of net assets in liquidation.  Chadmoore has, however,  included in its
settlement reserve an accrual, at the higher end of the range of estimated loss,
for these matters.

ITEM 2C. DISCLOSURE OF ANY REPURCHASE OF COMPANY STOCK

There were no  repurchases  of  Chadmoore  common  stock during the three months
ended March 31, 2006.


ITEM 6. EXHIBITS

Exhibits

31.1     Certification of Chief Executive Officer pursuant to Rule 13a-14a and
         15d-14a.
31.2     Certification of Chief Financial Officer pursuant to Rule 13a-14a and
         15d-14a.
32.0     Certification pursuant to Section 1350





































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<PAGE>
                                   SIGNATURES

In accordance  with Section 13 or 15(d) of the Exchange Act, the  registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                Chadmoore Wireless Group, Inc.

                                By: /s/ Stephen K. Radusch
                                   -------------------------------------
                                    Stephen K. Radusch
                                    Chief Financial Officer
                                    (Principal Financial and Accounting Officer)

                                Date: May 12, 2006












































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