7. Stock Based Compensation

6 Months Ended

Apr. 30, 2012

Notes

7. Stock Based Compensation

7.  Stock Based Compensation

   During the six months ended April 30, 2012 and April 30, 2011 no stock options were issued or exercised.

   Option activity during the six month period ended April 30, 2012 is as follows:

	Shares	Weighted Average Exercise Price	Aggregate Intrinsic Value	Weighted Average Remaining Useful Life (in years)
Outstanding at October 31, 2011	14,000	$39.00	$546,000	0.42
Granted	0	0	0
Exercised	0	0	0
Expired	14,000	$39.00	0	0.00
Outstanding at April 30, 2012	0	$0.00	$0	0.00
Options exercisable at April 30, 2012	0	$0.00
Option exercise price range	$0.00

   The Companies do not expect to recognize any compensation expense related to non-vested awards during Fiscal 2012.

   The Companies’ policy regarding the exercise of options requires that optionees utilize an independent broker to manage the transaction, whereby, following the option exercise, the broker sells the exercised shares on the open market.