Home / Auditor changes / Greenland Mines Ltd

4/5Greenland Mines Ltd (GRML): Auditor change

Filed 2026-06-29 路 Form 8-K 路 Accession 0001213900-26-072977 nano

Market data

Price before filing: $12.8 (2026-06-26 close, split/dividend-adjusted)
Market cap at flag: $32.8M (2026-06-29) 路 Latest: $15.2M (2026-10-16)

What happened next

WindowGRMLSPYvs SPY
30 days-25.8%+0.1%-25.8%2026-07-29
90 days-7.4%+5.3%-12.7%2026-09-28
180 dayspendingpendinguntil 2026-12-26

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: 1 insider sold $41K (1 sale)
30 days after: 3 insiders bought $326K (3 purchases)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2026-06-25El-Dada Riad Hussein
Director
Sale175,000$0.23$41KnoForm 4
2026-06-29: red flag filed
2026-07-16LeBlanc Jeff
Chief Financial Officer
Purchase1,400,000$0.18$245KnoForm 4
2026-07-20McGarity Jon
Director
Purchase140,000$0.18$25KnoForm 4
2026-07-22Sawyer Jason David
Director
Purchase240,000$0.23$56KnoForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-03-31 to 2026-07-29. 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

"On June 23, 2026, the Audit Committee of the Company's Board of Directors simultaneously dismissed BCRG as the Company's independent registered public accounting firm and approved the appointment of S&E as the Company's new independent registered public accounting firm."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: dismissed
Disagreements reported: no
New auditor: Simon & Edward, LLP

Why this score: also within 90 days: Going-concern doubt

Read the original filing on SEC.gov →

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

Get the weekly "Red Flags" newsletter

The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.

Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.

Form not showing? Subscribe on beehiiv →

Newsletter delivered by beehiiv. See our privacy policy.