<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> SEP-30-2000 <CASH> 3,164,496 <SECURITIES> 56,370,346 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 60,158,018 <PP&E> 733,289 <DEPRECIATION> 421,576 <TOTAL-ASSETS> 88,352,350 <CURRENT-LIABILITIES> 1,776,855 <BONDS> 22,105 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 156,630,658 <OTHER-SE> (70,077,268) <TOTAL-LIABILITY-AND-EQUITY> 88,352,350 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 18,409,827 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 28,846 <INCOME-PRETAX> (18,409,827) <INCOME-TAX> 0 <INCOME-CONTINUING> (18,409,827) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (18,409,827) <EPS-BASIC> (1.13) <EPS-DILUTED> (1.13)