Liquidation World (LQW) 6-K Cover Letter

Symbol:		TSX - "LQW" and NASDAQ - "LIQWF"
For the Month:		October, 2002
Date:		November 1, 2002
OUTSTANDING STOCK OPTION SUMMARY
Pursuant To Stock Option Plan
	Opening Stock Option Balance, October, 2002					18,750
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance Stock Option Plan					18,750
Pursuant To 1996 Stock Option Plan
	Opening Stock Option Balance, October, 2002					76,750
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance 1996 Stock Option Plan					76,750
Pursuant To 1997 Stock Option Plan
	Opening Stock Option Balance, October, 2002					214,400
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance 1997 Stock Option Plan					214,400
Pursuant To 1998 Stock Option Plan
	Opening Stock Option Balance, October, 2002					70,650
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options Cancelled:
	None					0
	Closing Balance 1998 Stock Option Plan					70,650
Pursuant To 1999 Stock Option Plan
	Opening Stock Option Balance, October 2002					112,180
	Options Granted:
	None					0
	Options Exercised:
	None					0
	Options  Cancelled:
	None					0
	Closing Balance 1999 Stock Option Plan					112,180
Pursuant To 2000 Stock Option Plan
	Opening Stock Option Balance, October, 2002					112,100
	Options Granted:
	None					0
	Options Exercised:
	Date	Name	Date of Grant	Price	Number
	October 11, 2002	Ross Roberts	Dec. 14, 2000	4.700	2,000
						(2,000)
	Options Cancelled:
	None					0
	Closing Balance 2000 Stock Option Plan					110,100
			SHARES RESERVED
	Stock Option Plan Opening Reserve Balance					41,220
	Stock Options Exercised					0
	Closing Reserve Balance					41,220
	1996 Stock Option Plan Opening Reserve Balance					94,594
	Stock Options Exercised					0
	Closing Reserve Balance					94,594
	1997 Stock Option Plan Opening Reserve Balance					216,500
	Stock Options Exercised					0
	Closing issued Capital Balance					216,500
	1998 Stock Option Plan Opening Reserve Balance					150,000
	Stock Options Exercised					0
	Closing issued Capital Balance					150,000
	1999 Stock Option Plan Opening Reserve Balance					129,280
	Stock Options Exercised					0
	Closing issued Capital Balance					129,280
	2000 Stock Option Plan Opening Reserve Balance					149,850
	Stock Options Exercised					(2,000)
	Closing issued Capital Balance					147,850
ISSUED CAPITAL SUMMARY
	Opening Issued Capital Balance, October, 2002
	As previously reported			8,565,836
	Adjustment for carry forward error in August, 2002			(27,000)		8,538,836
	Stock Options Exercised					2,000
	Other - Normal Course Issuer Bid					0
	Closing Issued Capital Balance					8,540,836