Warrants and Stock Options |
NOTE 9 - WARRANTS AND STOCK OPTIONS
Transactions involving stock options
and warrants issued are summarized as follows:
Warrants |
|
Three months ended
January 31, 2011
|
|
|
Year ended
October 31, 2010
|
|
|
|
Number |
|
|
Weighted
Average Exercise
Price
|
|
|
Number |
|
|
Weighted
Average Exercise
Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at beginning of the period |
|
|
24,119,418 |
|
|
$ |
1.47 |
|
|
|
32,583,418 |
|
|
$ |
1.42 |
|
Granted during the period |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Terminated during the period |
|
|
(9,382,418 |
) |
|
|
1.50 |
|
|
|
(8,464,000 |
) |
|
|
1.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at the end of the period |
|
|
14,737,000 |
|
|
$ |
1.45 |
|
|
|
24,119,418 |
|
|
$ |
1.47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at the end of the period |
|
|
14,737,000 |
|
|
$ |
1.45 |
|
|
|
24,119,418 |
|
|
$ |
1.47 |
|
The number and weighted average exercise
prices of warrants outstanding as of January 31, 2011 are as follows:
Range of
Exercise Prices
|
|
Number
Outstanding
|
|
|
Weighted
Average
Contractual Life
(Yrs)
|
|
|
Total Exercisable |
|
$0.50 |
|
|
250,000 |
|
|
|
0.24 |
|
|
|
250,000 |
|
0.58 |
|
|
400,000 |
|
|
|
0.16 |
|
|
|
400,000 |
|
1.00 |
|
|
350,000 |
|
|
|
0.57 |
|
|
|
350,000 |
|
1.30 |
|
|
6,868,500 |
|
|
|
0.70 |
|
|
|
6,868,500 |
|
$1.70 |
|
|
6,868,500 |
|
|
|
0.70 |
|
|
|
6,868,500 |
|
Totals |
|
|
14,737,000 |
|
|
|
0.76 |
|
|
|
14,737,000 |
|
Stock Options |
|
Three months ended
January 31, 2011
|
|
|
Year ended
October 31, 2010
|
|
|
|
Number |
|
|
Weighted
Average Exercise
Price
|
|
|
Number |
|
|
Weighted
Average Exercise
Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at beginning of the period |
|
|
1,539,900 |
|
|
$ |
1.19 |
|
|
|
5,595,900 |
|
|
$ |
1.18 |
|
Granted during the period |
|
|
- |
|
|
|
- |
|
|
|
50,000 |
|
|
|
1.05 |
|
Terminated during the period |
|
|
(40,000 |
) |
|
|
0.82 |
|
|
|
(4,106,000 |
) |
|
|
1.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding at the end of the period |
|
|
1,499,900 |
|
|
$ |
1.20 |
|
|
|
1,539,900 |
|
|
$ |
1.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at the end of the period |
|
|
1,499,900 |
|
|
$ |
1.20 |
|
|
|
1,539,900 |
|
|
$ |
1.19 |
|
The number and weighted average exercise
prices of stock purchase options outstanding as of January 31, 2011 are as follows:
Range of
Exercise Prices
|
|
Number
Outstanding
|
|
|
Weighted
Average
Contractual Life
(Yrs)
|
|
|
Total Exercisable |
|
$1.00 |
|
|
799,900 |
|
|
|
0.09 |
|
|
|
799,900 |
|
1.05 |
|
|
50,000 |
|
|
|
4.35 |
|
|
|
50,000 |
|
1.30 |
|
|
375,000 |
|
|
|
2.51 |
|
|
|
375,000 |
|
1.50 |
|
|
65,000 |
|
|
|
1.17 |
|
|
|
65,000 |
|
$1.70 |
|
|
210,000 |
|
|
|
1.41 |
|
|
|
210,000 |
|
Totals |
|
|
1,499,900 |
|
|
|
1.07 |
|
|
|
1,499,900 |
|
See Note 15 of the Unaudited Condensed
Consolidated Financial Statement for current information on the status of the Warrants.
|