7. Stock Based Compensation

9 Months Ended

Jul. 31, 2012

Notes

7. Stock Based Compensation

7.  Stock Based Compensation

   During the nine months ended July 31, 2012 and July 31, 2011 no stock options were issued or exercised.

   Option activity during the nine month period ended July 31, 2012 is as follows:

	Shares	Weighted Average Exercise Price	Aggregate Intrinsic Value	Weighted Average Remaining Useful Life (in years)
Outstanding at beginning of period	14,000	$39.00	$546,000	0.42
Granted	0	0.00	0	-
Exercised	0	0.00	0	-
Expired	14,000	$39.00	0	0.00
Outstanding at end of period	0	$0.00	$0	0.00
Options exercisable at end of period	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.