Home / Going-concern warnings / BION ENVIRONMENTAL TECHNOLOGIES INC

5/5BION ENVIRONMENTAL TECHNOLOGIES INC (BNET): Going-concern doubt

Filed 2025-09-29 路 Form 10-K 路 Accession 0001079973-25-001516 nano

Market data

Price before filing: $0.2 (2025-09-26 close, split/dividend-adjusted)
Market cap at flag: $101,465 (2025-09-29) 路 Latest: $10.3M (2026-10-16)

What happened next

WindowBNETSPYvs SPY
30 days+0.0%+3.9%-3.9%2025-10-29
90 days-20.0%+4.2%-24.2%2025-12-29
180 days+21.2%-4.0%+25.2%2026-03-30

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-07-01 to 2025-10-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"These factors raise substantial doubt about its ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Going-concern opinion issued by: Haynie & Company
Source: independent auditor report in Form 10-K (period 2025-06-30)

Why this score: in auditor's report

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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