Home / Going-concern warnings / BLUSKY AI INC.
Filed 2025-04-01 路 Form 10-K 路 Accession 0001096906-25-000357 nano
Price before filing: $0.51 (2025-03-31 close, split/dividend-adjusted)
Market cap at flag: $1.6M (2025-04-01) 路 Latest: $176.0M (2026-10-16)
| Window | BSAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +35.3% | -0.2% | +35.5% | 2025-05-06 |
| 90 days | +370.6% | +10.8% | +359.8% | 2025-06-30 |
| 180 days | +1072.5% | +19.3% | +1053.2% | 2025-09-29 |
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.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $273 (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-01: red flag filed | |||||||
| 2025-04-21 | CLUFF WHITNEY O Director | Purchase | 296 | $0.55 | $163 | no | Form 4 |
| 2025-04-21 | CLUFF WHITNEY O Director | Purchase | 3 | $0.52 | $2 | no | Form 4 |
| 2025-04-21 | CLUFF WHITNEY O Director | Purchase | 201 | $0.54 | $109 | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-01 to 2025-05-01. 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.
"As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations and has a net capital deficiency and negative cash flows from operations which raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
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: Sadler, Gibb & Associates, LLC
Source: independent auditor report in Form 10-K (period 2024-12-31)
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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