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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
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.
372 Central Park West, #9M
New York, NY 10025
(212) 865-7034
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 20, 2001
(Date of Event which Requires Filing of this Statement)
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
ITEM 2. IDENTITY AND BACKGROUND
If the person filing this statement or any person enumerated in
Instruction C of this statement is a corporation, general partnership,
limited partnership, syndicate or other group of persons, state its
name, the state or other place of its organization, its principal
business, the address of its principal office and the information
required by (d) and (e) of this Item. If the person filing this statement
or any person enumerated in Instruction C is a natural person, provide
the information specified in (a) through (f) of this Item with respect to
such person(s).
(a) Name; eRaider.com Inc.
Aaron Brown, controlling person
Dr. Martin Stoller, controlling person
(b) Residence or business address;
372 Central Park West, 9M
New York, NY 10025
(c) eRaider.com Inc.
372 Central Park West, 9M
New York, NY 10025
(d) No
(e) No
(f) eRaider.com Inc. is a Delaware corporation
Aaron Brown and Martin Stoller are US citizens
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER
CONSIDERATION
None
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. There is no formal or informal group agreement. All
discussions between eRaider and Goldfield shareholders have been
one-on-one with individual shareholders, except one three-way
conference call, or have taken place on public Internet message
boards. eRaider has participated in no discussions concerning
purchase or sale of securities. eRaider has not paid or received any
money in connection with organizing Goldfield shareholders. eRaider
has contacted other large shareholders, including Anthony J. Ford,
Melba Ford, Sam Rebotsky, Joe Cocalis, James Cocalis, Moshe
Rosen, Richard Greenberg and Thomasz Motylewski to initiate
discussions about taking group action, including voting together on
shareholder resolutions and board elections. Some of these
shareholders have submitted shareholder resolutions drafted by
eRaider. eRaider has nominated Aaron Brown, Deborah Pastor, Sam
Rebotsky, Moshe Rosen and James Cocalis as directors for election at
the next annual meeting. The five nominated individuals, plus Joe
Cocalis, now intend to solicit proxies to support the director slate and
shareholder proposals. This may make them a group. Of the other
shareholders above, Anthony Ford disclaims group membership on
his own behalf and that of his wife Melba Ford, while Richard
Greenberg and Thomasz Motylewski have participated in discussions
that might make them members of a group, if a group exists. If the
above shareholders, plus the Allied Owners Action Fund, were to be
considered a group they would control approximately 3,691,000
shares (13.7%) of Goldfield's common shares. In addition, an
unknown number of shares are controlled by people who participate
at our message board, some of whom have made unsolicited offers to
vote as directed by eRaider.
(a) The owners of eRaider also own and control Privateer Asset
Management Inc. which manages the Allied Owners Action Fund, a
public open-end mutual 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. The
above shareholders have significant disagreements with each other on
these issues.
(c) eRaider has discussed sales of assets, including mining and real
estate assets. The above shareholders have significant disagreements
with each other on these issues.
(d) eRaider has nominated an alternative board slate that would
replace all existing board members. The above shareholders, except
the Fords, may be assumed to support this slate, although there is no
formal agreement to vote for it. Also, since Goldfield allows
cumulative voting, it is possible that the above shareholders will
allocate their votes differently, even if they all vote for alternative
slate nominees.
(e) eRaider has discussed business and financial changes which
would affect the amount of debt issued by the company. The above
shareholders have significant disagreements with each other on this
issue.
(f) eRaider believes the company should focus on a core business and
shed non-core assets. We have held discussions with shareholders
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. All of the above shareholders support these
efforts.
(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.
February 28, 2001
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)