Home / Going-concern warnings / BLUSKY AI INC.
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001096906-25-000818 nano
Price before filing: $0.5605 (2025-05-08 close, split/dividend-adjusted)
Market cap at flag: $1.8M (2025-05-08) 路 Latest: $176.0M (2026-10-16)
| Window | BSAI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +417.3% | +2.6% | +414.8% | 2025-06-16 |
| 90 days | +1605.5% | +10.1% | +1595.4% | 2025-08-13 |
| 180 days | +524.4% | +16.9% | +507.5% | 2025-11-12 |
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: 1 insider bought $273 (3 purchases)
30 days after: 1 insider bought $45K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 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 |
| 2025-05-15: red flag filed | |||||||
| 2025-05-15 | D'Ambrosio Trent CEO/CFO, Director, 10% owner | Purchase | 1,511,855 | $0.03 | $45K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. 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.
"This 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.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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