Home / Going-concern warnings / American Picture House Corp
Filed 2025-04-14 路 Form 10-K 路 Accession 0001641172-25-003967 nano
Price before filing: $0.299 (2025-04-11 close, split/dividend-adjusted)
Market cap at flag: $33.6M (2025-04-14) 路 Latest: $6.8M (2026-10-15)
| Window | APHP | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -20.6% | +10.0% | -30.6% | 2025-05-14 |
| 90 days | -49.2% | +17.4% | -66.5% | 2025-07-14 |
| 180 days | -41.3% | +24.9% | -66.2% | 2025-10-13 |
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 $75K (1 sale)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-28 | MacGregor Bannor Michael CEO, Director, 10% owner | Sale | 588,000 | $0.13 | $75K | no | Form 4 |
| 2025-04-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-14 to 2025-05-14. 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.
"These factors, among others, raise substantial doubt about our 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-K (period 2024-12-31)
Why this score: also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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