OTHER INVESTMENTS, NET

6 Months Ended

Dec. 31, 2011

Other Investments [Abstract]

Other Investments Disclosure [Text Block]

NOTE 6 – OTHER INVESTMENTS, NET

The Company may also invest, with the approval of the Securities Investment Committee and other Company guidelines, in private investment equity funds and other unlisted securities, such as convertible notes through private placements. Those investments in non-marketable securities are carried at cost on the Company’s balance sheet as part of other investments, net of other than temporary impairment losses.

Other investments, net consist of the following:

Type	December 31, 2011		June 30, 2011
Preferred stock - Comstock, at cost	$	13,231,000	$	13,231,000
Private equity hedge fund, at cost		2,144,000		2,736,000
Corporate debt and equity instruments, at cost		269,000		569,000
Warrants - at fair value		317,000		749,000
	$	15,961,000	$	17,285,000