Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS

v2.4.0.8
INVESTMENTS
9 Months Ended
Jul. 31, 2014
Investments Schedule [Abstract]  
Investment [Text Block]

7.         INVESTMENTS 


At July 31, 2014, we had marketable securities consisting of certificates of deposit of $2,550,000, which were classified as "available-for-sale securities" and reported at fair value. 


 The fair value of investment in Videocon Industries Limited (“Videocon”) global depository receipts (‘Videocon GDRs”) as of July 31, 2014 and October 31, 2013, and the unrealized loss for the nine months ended July 31, 2014, are as follows:


 

Investment in

Videocon

 

Fair Value as of October 31, 2013

$

4,197,341

Unrealized loss

 

(46,371)

Fair Value as of July 31 2014

$

4,150,970


See Note 2, Subsequent Event – for discussion of the disposition of this investment in August 2014.