Home / Going-concern warnings / Greenwich LifeSciences, Inc.
Filed 2025-05-20 路 Form 10-Q 路 Accession 0001641172-25-011731 micro
Price before filing: $10.18 (2025-05-19 close, split/dividend-adjusted)
Market cap at flag: $137.7M (2025-05-20) 路 Latest: $212.7M (2026-10-16)
| Window | GLSI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -12.6% | +0.2% | -12.8% | 2025-06-20 |
| 90 days | +18.0% | +8.5% | +9.5% | 2025-08-18 |
| 180 days | -19.2% | +12.5% | -31.7% | 2025-11-17 |
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 bought $165K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-04 | Patel Snehal CEO and CFO, Director, 10% owner | Purchase | 5,500 | $8.73 | $48K | no | Form 4 |
| 2025-04-07 | Patel Snehal CEO and CFO, Director, 10% owner | Purchase | 3,600 | $9.10 | $33K | no | Form 4 |
| 2025-04-17 | Patel Snehal CEO and CFO, Director, 10% owner | Purchase | 5,400 | $8.98 | $48K | no | Form 4 |
| 2025-04-25 | Patel Snehal CEO and CFO, Director, 10% owner | Purchase | 3,600 | $9.88 | $36K | no | Form 4 |
| 2025-05-20: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-19 to 2025-06-19. 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 circumstances 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 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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