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Late Insider Trades - Harris
2009-02-20 2009-03-04 – Acquisition +100,000 0.75002,283,567
2009-03-09 2009-04-08 –Disposition -5,000 0.8000 2,278,567
2009-03-09 2009-04-08 – Disposition -10,000 0.81002,268,567
2009-03-09 2009-04-08 –Disposition -10,000 0.8100 2,258,567
2009-03-10 2009-04-08 – Disposition -10,000 0.74002,248,567
2009-03-10 2009-04-08 –Disposition -10,000 0.7400 2,238,567
2009-03-10 2009-04-08 – Disposition -10,000 0.74002,228,567
2009-03-10 2009-04-08 –Disposition -10,000 0.7500 2,218,567
2009-03-10 2009-04-08 – Disposition -10,000 0.75002,208,567
2009-03-10 2009-04-08 –Disposition -15,000 0.7500 2,193,567
2009-03-10 2009-04-08 – Disposition -10,000 0.77002,183,567
2009-03-18 2009-04-08 –Disposition -10,000 0.7400 2,173,567
2009-03-23 2009-08-20 – Disposition -10,000 0.74002,163,567
2009-04-09 2009-06-25 –Disposition -10,000 0.7100 2,153,567
2009-04-13 2009-06-25 – Disposition -10,000 0.72002,143,567
2009-04-14 2009-06-25 –Disposition -10,000 0.7100 2,133,567
2009-04-24 2009-06-25 – Disposition -10,000 0.71002,123,567
2009-06-09 2009-07-22 –Disposition -5,000 0.8100 2,118,567
2009-06-09 2009-07-22 – Disposition -1,500 0.82002,117,067
2009-06-09 2009-07-22 –Disposition -53,500 0.8000 2,063,567
2009-06-23 2009-07-22 – Disposition -40,000 0.75002,023,567
2009-07-09 2009-08-20 –Disposition -57,000 0.6300 1,966,567
2009-07-10 2009-08-20 – Disposition -25,000 0.62641,941,567
2009-07-22 2009-08-20 –Disposition -50,000 0.6200 1,891,567
2009-07-23 2009-08-20 – Disposition -25,000 0.62001,866,567
2009-08-04 2009-08-20 –Disposition -25,000 0.6500 1,841,567
2009-08-05 2009-08-20 – Disposition -25,000 0.60001,816,567
2009-08-06 2009-08-20 –Disposition -25,000 0.5900 1,791,567
2009-08-10 2009-08-20 – Disposition -25,000 0.56001,766,567
2009-08-27 2009-09-08 –Disposition -100,000 0.5400 1,666,567
2009-09-11 2010-02-11 – Disposition -21,000 0.52001,645,567
2009-09-11 2010-02-11 –Disposition -79,000 0.5100 1,566,567
2009-10-13 2010-02-11 – Disposition -100,000 0.27001,466,567
2009-11-02 2010-02-11 –Disposition -50,000 0.2100 1,416,567
2009-11-03 2010-02-11 – Disposition -19,000 0.22001,397,567
2009-11-09 2010-02-11 –Disposition -31,000 0.2200 1,366,567
2010-01-21 2010-02-11 – Disposition -55,500 0.22001,311,067
2010-01-22 2010-02-11 –Disposition -4,000 0.2200 1,307,067
2010-02-01 2010-02-11 – Disposition -40,000 0.18001,267,067
2010-02-02 2010-02-11 –Disposition -82,000 0.1800 1,185,067
2010-02-03 2010-02-11 – Disposition -13,000 0.17001,172,067
2010-02-04 2010-02-11 –Disposition -100,000 0.1650 1,072,067
2010-02-05 2010-02-11 – Disposition -5,000 0.18501,067,067
Late insider trades - Bowering

Feb09/10 Jun 23/09 Bowering, Andrew William – Disposition -40,000
.750
Feb09/10 Jul 20/09 Bowering, Andrew William – Disposition -5,000
.600
Feb09/10 Jul 15/09 Bowering, Andrew William – Disposition by gift -100,000
Feb09/10 Aug 11/09 Bowering, Andrew William – Disposition by gift -50,000
Feb09/10 Aug 19/09 Bowering, Andrew William – Disposition by gift -100,000
Feb09/10 Aug 27/09 Bowering, Andrew William – Disposition -100,000
.540
Feb09/10 Nov 12/09 Bowering, Andrew William – Disposition by gift -200,000
Jan08/10 Jan 05/10 Bowering, Andrew William – Disposition -20,000
.200

$ 5.5 Million Toasted in 3 months
Readingthe financial statements of ATW Gold is tripping the light fantastic through aminefield. In order to make any sense of the many debts, obligations, paymentsand accrued liabilities a body needs plenty of time and a degree in accounting.Since most people cannot make this claim we are forced to grasp the obvious andhope its reasonably correct.
Thelatest numbers paint a grim picture of an insolvent public company for the 3months ended November 30, 2009. Current liabilities exceed current assets bymore than $ 2.5 million, and that means the Company is unable to pay its’ debtsas they become due … the definition of insolvent.
Thestatement of cash flows tells us there was $ 5,587,000 lesscash than 3 months previous. Net loss for the period was $ 2.9 million which iscurious because the Co somehow managed to break even on the gold it actuallydid, apparently, produce.
Perhapsthe most perplexing transaction is the Red Kite gold loan of $ 10 million. Itsimpossible to say what exactly happened to the $ 6 million that was immediatelydrawn down on this loan, although its very clear how grossly expensive this“financing” is turning out to be now.