<ARTICLE> 5

                                                  
<PERIOD-TYPE>                   3-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000             DEC-31-2000
<PERIOD-START>                             JUL-01-2000             JAN-01-2000
<PERIOD-END>                               SEP-30-2000             SEP-30-2000
<CASH>                                       4,623,763               4,623,763
<SECURITIES>                               208,147,198             208,147,198
<RECEIVABLES>                                   65,750                  65,750
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<PP&E>                                       6,256,682               6,256,682
<DEPRECIATION>                               1,831,831               1,831,831
<TOTAL-ASSETS>                             228,782,887             228,782,887
<CURRENT-LIABILITIES>                       11,068,994              11,068,994
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                      2,300                   2,300
<COMMON>                                        30,386                  30,386
<OTHER-SE>                                  34,056,207              34,056,207
<TOTAL-LIABILITY-AND-EQUITY>               228,782,887             228,782,887
<SALES>                                              0                       0
<TOTAL-REVENUES>                               250,000               1,750,000
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                            14,142,021              29,143,225
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                           2,721,143               6,391,611
<INCOME-PRETAX>                           (12,724,643)            (24,883,815)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                       (12,724,643)            (24,883,815)
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<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                              (12,724,643)            (24,883,815)
<EPS-BASIC>                                      (.85)                  (1.68)
<EPS-DILUTED>                                    (.85)                  (1.68)