I looked into the March 31 financials:

The main points I spotted were as follows:

MAIN RECEIVABLES

Cash.........................................100k

Short term investment..............100k

Marketable securities................431K

Foundation

Resources.................................746k

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CURRENT LIABILITIES...............102K

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Loss 3 months---------------------169k

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Marketable securities were at 31 March valuations, now worth about half that

Foundation have till November 2013 to pay 746k but have extension to May 2014 with 5% added.

If Foundation default on payment, ATV will get back their part of ownership they sold.

ATV depend a lot on Foundation paying amount owing to survive.

The marketable securities may have to be sold at distress prices to keep going, unless we get a reversal of the carnage in gold miners valuations soon.

There are signs we may be near an end to the gold price slaughter. Yesterday the HUI (gold miners index) rose in face of big fall in gold price to under 1200oz

Also it is end of 6 month period for cleaning up Balance sheets espècially for covering shorts. Lets see how today and Monday play out.

On the positive side ATV have some good properties and given a better investment climate for the Gold Mining industry ATV may be able to raise some money to continue exploration, but a BIG turnaroung is needed soon!

Next 3 months critical!