Schoettler Gail – ‘3’ for 9/6/02 re: Venaxis, Inc.

On:  Tuesday, 10/1/02, at 3:59pm ET   ·   For:  9/6/02   ·   Accession #:  1079974-2-477   ·   File #:  0-50019

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Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Form 3 for Aspenbio, Inc.                              4±    14K 

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 
Section 17(a) of the Public Utility Holding Company Act of 1935 or
 Section 30(h) of the Investment Company Act of 1940

(Print of Type Responses)                                                       
________________________________________________________________________________
1.   Name and Address of Reporting Person*                                      

Schoettler                        Gail                       S.                 
--------------------------------------------------------------------------------
(Last)                       (First)                   (Middle)           

11855 E. Daley Circle                                                           
--------------------------------------------------------------------------------
(Street)

Parker                                 CO                   80134               
--------------------------------------------------------------------------------
(City)                            (State)                (Zip)            

________________________________________________________________________________
2.   Date of Event Requiring Statement (Month/Day/Year)                         

9/6/02                                                                          
________________________________________________________________________________
3.   I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 

________________________________________________________________________________
4.   Issuer Name and Ticker or Trading Symbol                                   

AspenBio, Inc.    (APNB)                                                        
________________________________________________________________________________
5.   Relationship of Reporting Person(s) to Issuer                              
(Check all applicable)                                                

|X|  Director                             |_|  10% Owner              
|_|  Officer (give title below)           |_|  Other (specify below)  

____________________________________________________________________  
________________________________________________________________________________
6.   If Amendment, Date of Original (Month/Day/Year)                            

________________________________________________________________________________
7.   Individual or Joint/Group Filing  (Check Applicable line)                  

|X|  Form filed by One Reporting Person                               

|_|  Form filed by More than One Reporting Person                     

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 Table I -- Non-Derivative Securities Beneficially Owned
================================================================================

                                                        [Enlarge/Download Table]

                                                                 3. Ownership Form:                                                 
                                      2. Amount of Securities       Direct (D) or                                                   
1. Title of Security                     Beneficially Owned         Indirect (I)       4. Nature of Indirect Beneficial Ownership   
   (Instr. 4)                            (Instr. 4)                 (Instr. 5)            (Instr. 5)                                
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Common Stock, No Par Value               15,000                      D                                                              
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Reminder:  Report on a separate line for each class of  securities  beneficially
owned directly or indirectly. (Over)                                            

*    If the form is filed by more than one  reporting  person,  see  Instruction
5(b)(v).                                                              

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FORM 3 (continued)                                                              

Table II -- Derivative Securities Beneficially Owned                            
      (e.g., puts, calls, warrants, options, convertible securities)

================================================================================

                                                        [Enlarge/Download Table]

                                                                                                        5. Owner-                   
                                                   3. Title and Amount of Securities                      ship                      
                                                      Underlying Derivative Security                      Form of                   
                         2. Date Exercisable          (Instr. 4)                                          Derivative                
                            and Expiration Date    ---------------------------------    4. Conver-        Securities:               
                            (Month/Day/Year)                              Amount           sion or        Direct      6. Nature of  
                         ----------------------                           or               Exercise       (D) or         Indirect   
                         Date        Expira-                              Number           Price of       Indirect       Beneficial 
1. Title of Derivative   Exer-       tion                                 of               Derivative     (I)            Ownership  
   Security (Instr. 4)   cisable     Date          Title                  Shares           Security       (Instr. 5)     (Instr. 5) 
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Options (right to buy)   Currently    8/20/06      Common Stock           100,000       $1.00            D                          
                         exercisable                                                                                                
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Reminder: Report on a separate line for each class of securities beneficially   
owned directly or indirectly.                               

Explanation of Responses:                                                       

/s/ Gail S. Schoettler                                   October 1, 2002        
---------------------------------------------            -----------------------
**Signature of Reporting Person                             Date    

*     If the form is filed by more than one reporting person, see Instruction   
5(b)(v).                                                            

**   Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.                                                           

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                             

Note:  File three copies of this Form, one of which must be manually signed.    
If space is insufficient, see Instruction 6 for procedure.        

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘3’ Filing		Date		First		Last			Other Filings
		1/31/05		1
Filed on:		10/1/02		2					10QSB,  3,  8-A12G
For Period end:		9/6/02							3
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