Home / Going-concern warnings / Sports Entertainment Gaming Global Corp
Filed 2025-04-21 路 Form 10-K 路 Accession 0001641172-25-005487 micro
Price before filing: $49.35 (2025-04-17 close, split/dividend-adjusted)
Market cap at flag: $135.7M (2025-04-21) 路 Latest: $2.6M (2026-10-16)
| Window | SEGG | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +152.5% | +10.7% | +141.8% | 2025-05-21 |
| 90 days | +74.5% | +19.8% | +54.7% | 2025-07-21 |
| 180 days | -37.4% | +28.3% | -65.7% | 2025-10-20 |
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: 4 insiders sold $181K (12 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-01-22 | MCGAHAN MATTHEW HOWARD Director | Sale | 115,000 | $0.35 | $40K | no | Form 4 |
| 2025-02-06 | Stubblefield Robert J Chief Financial Officer | Sale | 20,000 | $1.23 | $25K | no | Form 4 |
| 2025-02-25 | GOODING CHRISTOPHER ANDERSON Director | Sale | 40,000 | $1.39 | $56K | no | Form 4 |
| 2025-02-25 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.35 | $7K | no | Form 4 |
| 2025-02-25 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.40 | $7K | no | Form 4 |
| 2025-02-26 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.50 | $8K | no | Form 4 |
| 2025-02-26 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.55 | $8K | no | Form 4 |
| 2025-02-26 | POTTS GREGORY A CHIEF OPERATING OFFICER | Sale | 5,000 | $1.60 | $8K | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 13,593 | $1.60 | $22K | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 700 | $1.61 | $1K | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 200 | $1.61 | $323 | no | Form 4 |
| 2025-02-26 | Stubblefield Robert J Chief Financial Officer | Sale | 507 | $1.62 | $821 | no | Form 4 |
| 2025-04-21: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-21 to 2025-05-21. 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 matters, when considered in the aggregate, raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time which is defined as within one year after the date that its current financial statements are issued."
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: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
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Not investment advice. Automated summary; verify against the filing.
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