UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2_)*
Goldfield Corporation
(Name of Issuer)
Common Stock, Par Value $0.10 per Share
(Title of Class of Securities)
381370105
(CUSIP Number)
Aaron Brown; eRaider.com Inc.
POB 20170; Park West Station
New York, NY 10025
646-505-0215
June 22, 2002
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing
this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See 240.13d-7 for
other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP No. 381370105..................................
1.
Names of Reporting Persons. I.R.S.
Identification Nos. of above persons
(entities only).
... eRaider.com Inc. 13-4067714
Aaron Brown, controlling person
Dr. Martin Stoller, controlling person......................
2.
Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
........................................................
(b)
.XXXX..................................................
3.
SEC Use Only ............................................................
4.
Source of Funds (See Instructions) .....NONE.....
5.
Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) .................
6.
Citizenship or Place of Organization eRaider is a
Delaware corporation,
Aaron Brown and Martin Stoller are US citizens..............................
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.
Sole Voting Power ......0.........................
8.
Shared Voting Power ...0...........................
9.
Sole Dispositive Power......0........
10.
Shared Dispositive Power ........0.............
11.
Aggregate Amount Beneficially Owned by Each Reporting Person ....0.
12.
Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) ...........
13.
Percent of Class Represented by Amount in Row (11) .... 0%.............
14.
Type of Reporting Person (See Instructions)
...........CO............................................
....................................................
..........................................................................
..............................................
14. Type of Reporting Person (See Instructions) CO
ITEM 1. SECURITY AND ISSUER
Common Stock, Par Value $0.10 per share
The Goldfield Corporation
100 Rialto Place, Suite 500
Melbourne, FL 32901
This statement constitutes Amendment No. 2 to the Schedule 13D (the
"Schedule 13D"), dated January 3, 2001, regarding the common stock
(the "Shares"),of Goldfield Corporation., a Delaware corporation (the
"Issuer"). All capitalized terms used herein and not otherwise defined shall
have the meanings ascribed thereto in the Schedule 13D.
This statement is being filed by eRaider, a Delaware corporation and Dr.
Martin Stoller and Aaron Brown, in accordance with Rule 13d-2 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). It
refers only to information that has materially changed since the filing of
the Schedule 13D (amended) on February 28, 2001.
ITEM 4. PURPOSE OF TRANSACTION
eRaider.com Inc. intends to organize Goldfield shareholders at the
eRaider website for the purpose of aggressive oversight and improved
value. eRaider has contacted other large shareholders, including
Anthony J. Ford, Melba Ford, Sam Rebotsky, Joe Cocalis, Donna Cocalis
and Frank Giordano to initiate discussions about taking group action,
including voting together on shareholder resolutions board elections and
determining the feasibility of forming a group with the intent to bundle
stock to effectuate a stock swap with a larger company or mutual fund at a
price equal to or above book value. Some or all of these shareholders, not
acting as a group with us, have already engaged in discussions with
companies. We have not participated in those discussions. Possible future
action, however, may include communication with companies to determine
interest in a stock swap. At the present time, we do not consider that any
group has been formed with eRaider as a member. However, if the above
shareholders, plus the Allied Owners Action Fund, were to be considered a
group they would control approximately 3,634,968. shares (13.3%) of
Goldfield's common shares. In addition, an unknown number of shares are
controlled by people who participate
at our message board.
(a) The owners of eRaider also own and control Privateer Asset
Management Inc. which manages the Allied Owners Action Fund, a
Private co-mingled fund. The Allied Owners Action Fund has
acquired 290,000 shares (approximately 1.1%) of the shares of The
Goldfield Corporation. The Allied Owners Action Fund generally
does not buy or sell securities after announcement and has no present
plans to buy or sell.
(b) eRaider has discussed sale or liquidation of the St. Cloud Mining
and Southeast Power subsidiaries, also the termination of real estate
development activities undertaken under various subsidiaries.
(c) eRaider has discussed sales of assets, including mining and real
estate assets.
(d) eRaider has discussed wholesale replacement of the existing board
of directors.
(e) eRaider has discussed business and financial changes which
would affect the amount of debt issued by the company.
(f) eRaider believes the company should focus on a core business and
shed non-core assets. We have held discussions with shareholder who
hold a variety of opinions about the most promising core business.
(g) eRaider would like to eliminate the supervoting preferred stock
and golden parachutes.
(h) None.
(i) None/
(j) No plans but such suggestions may be made by other shareholders
organized on the eRaider website.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) 26,872,106
(b) 290,000
(c) Allied Owners Action Fund purchased all shares in the open
market
(d) None
(e) N/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
June 25, 2002
Date
/s/ AARON BROWN
Signature
Aaron Brown, President
Name/Title
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative. If
the statement is signed on behalf of a person by his authorized
representative (other than an executive officer or general partner
of the filing person), evidence of the representative's authority to
sign on behalf of such person shall be filed with the statement:
provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be
incorporated by reference. The name and any title of each person
who signs the statement shall be typed or printed beneath his
signature.
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)