Home / Going-concern warnings / UPAY
Filed 2025-07-22 路 Form 10-Q 路 Accession 0001575872-25-000480 nano
Price before filing: $0.6001 (2025-07-21 close, split/dividend-adjusted)
Market cap at flag: $10.1M (2025-07-22) 路 Latest: $15.6M (2026-10-12)
| Window | UPYY | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +131.6% | +1.1% | +130.5% | 2025-08-21 |
| 90 days | +133.3% | +7.1% | +126.2% | 2025-10-20 |
| 180 days | +133.3% | +8.4% | +124.9% | 2026-01-20 |
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 sold $52K (1 sale)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-03 | Emerging Markets Consulting LLC 10% owner | Sale | 75,000 | $0.70 | $52K | no | Form 4 |
| 2025-07-22: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-23 to 2025-08-21. 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.
"These factors, among others, raise substantial doubt about the Company's 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 2025-05-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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