Home / Auditor changes / American Picture House Corp

4/5American Picture House Corp (APHP): Auditor change

Filed 2025-04-09 路 Form 8-K 路 Accession 0001641172-25-003324 nano

Market data

Price before filing: $0.28 (2025-04-08 close, split/dividend-adjusted)
Market cap at flag: $33.7M (2025-04-09) 路 Latest: $6.8M (2026-10-15)

What happened next

WindowAPHPSPYvs SPY
30 days-14.3%+13.7%-28.0%2025-05-09
90 days-18.4%+25.3%-43.7%2025-07-08
180 days-28.6%+36.1%-64.6%2025-10-06

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 $75K (1 sale)
30 days after: none reported.

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-03-28MacGregor Bannor Michael
CEO, Director, 10% owner
Sale588,000$0.13$75KnoForm 4
2025-04-09: red flag filed

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-09 to 2025-05-09. 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

"As of the date of this report Oliyanka has not agreed nor declined to provide such letter."

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
Former auditor: Olayinka Oyebola & Co.

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.