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PREFERRED STOCK, COMMON STOCK AND EQUITY TRANSACTIONS (Tables)
9 Months Ended
Jul. 31, 2012
Stockholders Equity Note [Abstract]  
Schedule Of Fair Value Assumptions Of Warrants Estimated On The Date Of Grant [Table Text Block]

The fair value of the warrants is estimated on the date of grant using the Black-Scholes option valuation model to be $496,732. The valuation was based on the assumptions noted in the following table.

 

Expected volatility     175.80 %
Expected dividends     0 %
Expected term (in years)     3 years  
Risk-free rate